In our project to make a useful link between Austrian economic theory and business practice, we earlier introduced the Austrian Business Model. This is a recipe to make a profit – a template adaptable to any individual firm.
Learn from the people Plan with the people. Begin with what they have. Build on what they know of the best leaders. When that task is accomplished, the people all remark, we have done it ourselves. Economics For Entrepreneurs Podcast Transcript October 20, 2020 David K Hurst Hunter Hastings A listener asked us recently about […]
What is technological deflation, and how can entrepreneurs take advantage of it? By combining already available and easily accessible technologies to facilitate the accelerated information flows that constitute value in the 21st Century: higher quality, faster speeds, lower costs. Jeff Booth explains.
In many situations, the complexities in managing a diverse and layered team of people is to view individuals as ends and not means.
Many of us feel the pull of contributing to something “bigger than ourselves”. It could be a cause, a charity, a movement, a great project. It could be mentorship in a collaborative organization. Some people even claim that working for the government qualifies: representing (or regulating) the people. But doing something “bigger than ourselves” does […]
Key Takeaways and Actionable Insights An understanding of the Austrian definition of capital is tremendously useful to all business owners and managers. What is capital? Austrian economics has a precise and distinctive definition — unlike business schools and most business publications, books, and columnists. Among those entities, the term capital tends to be used very […]