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Economics of Election Issues with Steve Horwitz 2018

Springfield, Massachusetts

April 26, 2018 9:30 AM-12:20 PM

2018 Economics in Action at Ronald Reagan High School

Ronald Reagan High School, TX

April 30, 2018 9:00 AM-3:00 PM

2018 Economics in Action at Cleburne High School

Cleburne High School, TX

May 1, 2018 9:00 AM-3:00 PM

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Profit and Loss

In a free market, profits incentivize and signal wealth creation. Losses show us that resources are being wasted and can be used in a valuable way elsewhere.

Entrepreneurship Defined

Entrepreneurs create value, innovate, and satisfy consumer demands. They change the world by discovering opportunities to serve a need in society.

Trade Creates Wealth

Trading results in mutual gain. Comparative advantages allow us to specialize and cooperate in the division of labor, leading to prosperity and social harmony.
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