Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Lex Fridman
I think you spoke about Knight's case for capitalism was grounded in the idea that the ability to act in the face of uncertainty creates profit, and it should, because taking risks should be rewarded. So like this idea that taking risks in the face of uncertainty should create profit, and that becomes a justification, the ethics of capitalism. Can you just speak to that?
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