During the decade of the 1980s, there were two friends who were musicians. I will refer to them as Frick and Frack.
One day Frick invited Frack over to his "pad" to listen to a song that he had just composed. It was a beautiful ballad that lingered in Frack's memory.
When Frack returned to her home, she recorded the song on a tape, acquired a copyright, and sent the tape to a recording studio. Six weeks later, the song rose to the top of the recording charts.
You don't have to be a rocket scientist to realize that the song was stolen by Frack. Furthermore, her behavior was illegal. Maybe her behavior was criminal. Be that as it may, the event or happening from this illegal behavior was that the song was published. That doesn't make the song illegal.' The behavior that led to its release was illegal.
If Frick had copyrighted and recorded the song, the event or happening would have been the same--the song would have been published. That wouldn't have made the song legal. The behavior that led to its release would have been legal.
And so it is with profit. The behavior that leads to the event or happening we call profit can be legal. Or the behavior that leads to the event or happening we call profit can be illegal. But, regardless of the behavior that produces profit, the event or happening we refer to as profit can only be equal to, greater than, or less than opportunity cost.
One day Frick invited Frack over to his "pad" to listen to a song that he had just composed. It was a beautiful ballad that lingered in Frack's memory.
When Frack returned to her home, she recorded the song on a tape, acquired a copyright, and sent the tape to a recording studio. Six weeks later, the song rose to the top of the recording charts.
You don't have to be a rocket scientist to realize that the song was stolen by Frack. Furthermore, her behavior was illegal. Maybe her behavior was criminal. Be that as it may, the event or happening from this illegal behavior was that the song was published. That doesn't make the song illegal.' The behavior that led to its release was illegal.
If Frick had copyrighted and recorded the song, the event or happening would have been the same--the song would have been published. That wouldn't have made the song legal. The behavior that led to its release would have been legal.
And so it is with profit. The behavior that leads to the event or happening we call profit can be legal. Or the behavior that leads to the event or happening we call profit can be illegal. But, regardless of the behavior that produces profit, the event or happening we refer to as profit can only be equal to, greater than, or less than opportunity cost.
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