Entrepreneurial Strategy, Tools, and Philosophy Rooted in Austrian Economics
A podcast based on the winning principle that entrepreneurs need only know the laws of economics plus the minds of customers. After that, apply your imagination.
Entrepreneurs operate in the future. They imagine a future where lives are improved because dissatisfactions are removed and there’s greater well-being to enjoy. Everyone can embrace that …
Continue Reading about 22. Steven Phelan on Managing Expectations →
Are you transaction cost-savvy? Peter Klein explains why it’s important. We emphasize profitable value creation as the role of the entrepreneur. Managing costs can contribute to profitability – but …
Continue Reading about 21. Peter Klein on Transaction Costs →
Dr. Keith Smith is an anesthesiologist and founder of both the Surgery Center of Oklahoma and the Free Market Medical Association. Surgery Center of Oklahoma has innovated in healthcare with a …
Continue Reading about 20. Dr. Keith Smith on How Austrian Economics Helped Me Innovate →
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 …
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 →
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, …
