Economics In The Digital Age Is Different.
Steve Denning explains how mainstream economics doesn’t understand technological change. Austrian economics, on the other hand, has always explained and embraced technology’s dynamics.
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133. Ulrich Möller: The Video Game Industry Points to the Future of Organization Design
Austrian economics has a lot to say about how to organize firms for maximum value generation. Austrian principles point to the delegation of entrepreneurial judgement to the front-line employees who interact directly with those who actually create value: users.
The US Is Compounding Its Shortfalls In Innovation. Make Sure That In Your Business – And In Your Life – You Are Compounding Positively.
Compounding in Einstein’s eighth wonder ion the world. Make sure you earn it, not pay it.
132. Saifedean Ammous on Knowledge Entrepreneurship
Saifedean Ammous is a knowledge entrepreneur. He creates new knowledge that’s valued by his customers, because it helps them to think better and better informs their actions. He carefully appraises the knowledge provided by great thinkers of the past, and re-presents in a newly compelling fashion. He develops effective memes and ideas. He innovates in channels and distribution. He demonstrates how knowledge entrepreneurship can work in the 21st Century’s globally-connected and digitally-connected economy. He joins the Economics For Business podcast to share some of his learnings and experiences
Entrepreneurship is Real. Business Is Real. GDP Is a Fiction. The Government Is The Enemy Of Real.
The economy is the utilization of real resources by real entrepreneurs and real businesses to serve real customers. Government bureaucrats and regulators don’t think this way, and that’s a big reason for the irrationality of their policies and actions.
131. Saras Sarasvathy On The Entrepreneurial Method
The scientific method has served us well to date. The entrepreneurial method, informed by the principles of Austrian economics, can take society much further. Dr. Saras Sarasvathy joins the Economics For Business podcast to distill the essence of the value-generating and wealth-producing method.