https://www.youtube-nocookie.com/embed/Mtmn4-Wgubw
Further reading:
Profit and Loss by Ludwig von Mises
Circular Flow, Austrian Price Theory, and Social Appraisement by Barry Dean Simpson & Scott A. Kjar
The Capitalist and the Entrepreneur: Essays on Organizations and Markets by Peter G. Klein
Organizing Entrepreneurial Judgment: A New Approach to the Firm by Nicholai J. Foss & Peter G. Klein
The Problem of Production: A New Theory of the Firm by Per Bylund
A Market Process Theory of the Firm: An Alternative to the Neoclassical Model by Mateusz Machaj
For more on applications of Austrian economics to business and management, see here.
