Video: Additional Resources

Additional Resources

Video: 

In this video, Prof. of Economics Howard Baetjer explains how “profit & loss serve to help people channel their activities in creative and socially useful directions.”

Podcast: McArdle on Failure, Success, and the Up Side of Down (EconTalk)

“Megan McArdle of Bloomberg View and author of The Up Side of Down talks with EconTalk host Russ Roberts about her book. McArdle argues that failure is a crucial part of success in personal life and in large the economy. Topics covered include the psychology of failure, unemployment, bankruptcy and parole.”