What does an economy do? Modern economics suggests it is about [production] efficiency, and develops models for assessing the degree to which it is achieved and predicting outcomes assuming it. This …
19. Per Bylund: ACT! How To Apply Austrian Capital Theory In Modern Organizational Design, Contemporary Business Structure, and A High Response Business Model
Austrian Capital Theory (ACT) sounds arcane, academic and complicated. In fact, it’s the key to modern organizational design, cutting edge business structures, and the high-response business models …
18. Steven Phelan on How To Assemble A Winning Combination Of Resources
Austrian Capital Theory holds that capital assets are heterogeneous and complementary. In business language, that means an entrepreneur can assemble set of assets that are special to his or her firm …
Continue Reading about 18. Steven Phelan on How To Assemble A Winning Combination Of Resources →
Per Bylund’s Tweet Stream Explains The Concept Of Economic Cost And How It Directs Investment To The Highest Return Projects.
The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it. The cost of one action is the value you could otherwise have gained, from …
17. Yousif Almoayyed on How Austrian Economics Can Make You A Better Businessperson
Yousif Almoayyed runs a concrete business based in Bahrein, part of a family conglomerate of businesses. It’s a complex business, requiring the procurement of raw materials both locally and imported, …
16. David Nordfors on the Huge Entrepreneurial Opportunity of the People-Centered Economy.
David Nordfors is CEO and co-founder of IIIJ and the co-chair of the i4j – Innovation For Jobs - Summit together with Vint Cerf. He was previously co-founder and Executive Director of the Center for …