...It is the central task of entrepreneurs to create output that - TopicsExpress

...It is the central task of entrepreneurs to create output that will be sold profitably at a market-clearing price. What is a market-clearing price? It is the price at which nobody is waiting to sell the item, and nobody is waiting to buy the item, unless the price changes. The entrepreneur’s task is not to figure out how many people ought to be employed, except for one purpose: producing something that the market will buy. It is not the entrepreneur’s task to serve the workers. It is the entrepreneur’s task to serve the buyers... There is all kind of handwringing, wailing, and gnashing of teeth on the sidelines, because the price of oil is down, and oil producing companies will lose lots of money.

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Do we cover-up lies and deceits? Do we think that God does not

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