The Economics for Business Podcast

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.

E4B Podcast Cover for Episode #127 Featuring Matt McCaffrey

127. Matt McCaffrey: Austrian Business Strategy (Part 1): Emergent, Not Planned

Strategy is not the formulation of a plan. It is emergent from a process of exploration and discovery. Austrian economics is the best guide for entrepreneurial firms to put in place the methods and organization that unleash the power of emergence. Matt McCaffrey joins Economics For Business for a detailed exposition of the Austrian approach to Business Strategy.
E4B Podcast Cover for Episode #126 Featuring Joe Matarese

126. Joe Matarese Defines a Whole New Level of Customer Value to Build a High Growth Service Firm

Firms that can unlock the deep secrets of subjective value can unleash powerful, long-lasting value streams. When these flow in a confluence with well-identified market drivers, revenue and profit growth can be greatly accelerated.
E4B Podcast Cover for Episode #125 Featuring Steven Phelan

125. Steven Phelan on Innovation In Contracting

Entrepreneurs seek to provide markets with new value through innovation wherever they can identify an opportunity. Their vision is broad enough to include free market institutions such as contracting, where they identify new and better ways to expand the mutuality of value and better relationship models than those in the traditional legal approach.
E4B Podcast Cover for Episode #124 Featuring Irene Ng

124. Irene Ng: Designing New Consumer Experiences in the Era of IoT

Value is not derived from functional use, but is the good feeling the consumer experiences during consumption. Consistent with the Austrian understanding of the market as a process, value is a process.
E4B Podcast Cover for Episode #122 Featuring Sergio Alberich

123. Sergio Alberich on Capital Structure and Capital Flexibility

The proper selection of a firm’s financial source does not guarantee its success, but the wrong one assures its failure.
E4B Podcast Cover for Episode #122 Featuring Andrew Frazier

122. Andrew Frazier on Running Your Business

There’s a middle class of businesses that are the backbone…
E4B Podcast Cover for Episode #121 Featuring Bill Sanders

121. Bill Sanders: How Creative Conflict Expands the Value Pie

Bill Sanders, an expert in contract negotiation in business, applies Austrian Principles in dealmaking and business relationship management.
E4B Podcast Cover for Episode #120 Featuring Mark Schaefer

120. Mark Schaefer on Cumulative Advantage

Mark Schaefer is an expert at bringing economic theories of this kind into vibrant contemporary life. He coined the term Cumulative Advantage and wants all entrepreneurs to know how to harness it.
E4B Podcast Cover for Episode #119 Featuring Peter Klein

119. Peter Klein on Cronyism, Capitalism, and the Entrepreneurial Pathway

We often hear that capitalism is under fire: in contemporary politics, in journalism, in popular discourse, and even in some business schools and among some management scholars and their students. But the criticism, upon examination, is not about capitalism but cronyism.
E4B Podcast Cover for Episode #118 Featuring Per Bylund

118. Per Bylund on the Importance of Good Theory for Good Business

Only when you have mastered theory can you master the navigation of specific situations, and be confident in your good decision-making and judgment.
E4B Podcast Cover for Episode #117 Featuring Jim Spohrer

117. Jim Spohrer on The Entrepreneurial Future In A World With Cognitive Assistants.

Where will the combination of service science and artificial intelligence take entrepreneurship in the near future?
E4B Podcast Cover for Episode #116 Featuring Alan Payne

116. Alan Payne on a Fascinating History of Competing Business Models

We can gain useful insights by winding business models back in time to see how they emerged and evolved. In the case of competing business models, we can analyze the different outcomes and perhaps assign some cause and effect analysis to interpret why one model variant performed better than another. How do we do that? Through the technique of entrepreneurial business history.