Profit And Loss (1951) - Hardcoverby Ludwig Von Mises (Author) Profit and Loss is a book written by Ludwig Von Mises and was first published in 1951. This book is an economic treatise that discusses the concept of profit and loss in a free market economy. Mises argues that profits and losses are essential in a capitalist system as they provide vital information to entrepreneurs about the success or failure of their ventures. Mises begins by explaining the nature of economic