# Profit and Loss Guide Entrepreneurial Discovery

**URL:** <https://www.libertarianism.org/videos/profit-and-loss-guide-entrepreneurial-discovery>

**By** Howard Baetjer

**Published:** October 26, 2015

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The trial-and-error based profit and loss mechanism, says Baetjer, is an indispensable tool for guiding discovery and innovation in the economy.

The trial-and-error based profit and loss mechanism, says Baetjer, is an indispensable tool for guiding discovery and innovation in the economy.