Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns
Yeah, so Knight is talking about where does profit come from? And to his mind, it comes from the entrepreneurial function and the risk-taking function. And so he kind of weaves that into why, you know, capitalism works well. best and why it's the most effective allocation machine and why it assigns responsibility in a way he believes that a socialist system never could.
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