MARKETS

Capitalist Profits Do Not Cause Inflation

The idea that hundreds of thousands of businesses have colluded to raise prices to boost their profit margins and in so doing, engineered the inflation that continues to afflict Americans — is easily disproven. 

Capitalism’s Visible Hand: The Uniformity of Profit Principle

Capitalism’s Visible Hand: The Uniformity of Profit Principle

The best way to begin to understand the functioning of the price system, and thus the full nature of the dependence of the division of labor on capitalism, is by understanding the following very simple and fundamental principle. Namely, there is a tendency in a free market toward the establishment of a uniform rate of profit on capital invested in all the different branches of industry.

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