# Profit, Loss, and Discovery

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

**By** Howard Baetjer

**Published:** June 1, 2006

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Economics professor Howie Baetjer of Towson University explains how the market process generates improvements in the human condition. In particular, he highlights how profit \& loss serve to help people channel their activities in creative and socially useful directions.

For more, visit [LearnLiberty.org](http://www.learnliberty.org/).