143: Per Bylund: How Austrian Entrepreneurs Succeed
Successful entrepreneurs are Austrians, they just don’t know it yet. This is a famous assertion from Dr. Per Bylund, and we dissect its meaning in the latest Economics For Business podcast.
Hi, Hunter Hastings here - I'm an economist by education, a marketer in my professional track, a venture capitalist in my current business life, an Individualist in philosophy, and a passionate supporter of entrepreneurship in whatever form I can practice it, support it and advance it.
Successful entrepreneurs are Austrians, they just don’t know it yet. This is a famous assertion from Dr. Per Bylund, and we dissect its meaning in the latest Economics For Business podcast.
Have you ever been subjected to the kind of test that HR Departments use to put you in a personality type box or determine your strengths and weaknesses? Entrepreneurship is not a personality type, it’s a form of systems thinking.
Entrepreneurial businesses acknowledge and understand the inevitability of boom-bust cycles in the Fed-manipulated economy. But they refuse to be defeated or even deterred.
The decline in US economic mobility is associated with a decline in entrepreneurship for poorer families and communities. EZones are a new concept to address this problem.
The best path upwards to prosperity for every nation lies in entrepreneurship. The G7-G20 Group Of Nations recognizes this, and is producing a global summit on the subject.
All value is subjective. But often, when an exchange is to be made, a numerical value is required. It’s a special kind of economic calculation, what Bharat Kanodia terms “a subjective opinion based on objective facts”.