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 #144 Featuring Joe Matarese

144. Joe Matarese on Expectations and Building a Culture of Continuous Innovation

/
Every company starts as an innovation. Thereafter, the unceasing challenge is to keep innovating because the market continues to change, technology continues to advance and, crucially, customer expectations continue to rise.
E4B Podcast Cover for Episode #143 Featuring Per Bylund

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.
E4B Podcast Cover for Episode #142 Featuring Murray Sabrin

142. Murray Sabrin: How Entrepreneurs Beat the Fed-Generated Boom-Bust Cycle

/
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.
E4B Podcast Cover for Episode #141 Featuring Bharat Kanodia

141. Bharat Kanodia: How Subjective Value Generates Valuation In Business

/
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”.
E4B Podcast Cover for Episode #140 Featuring Samuele Murtinu

140. Samuele Murtinu: How Low Time Preference Elevates the Investment Returns of Family Corporate Venture Capital

/
Family businesses play a major role in the US economy. According to the Conway Center, family businesses comprise 90% of the business ventures in the US, generate 62% of the employment in the nation, and deliver 64% of US GDP. And, they’re good at venture capital.
E4B Podcast Cover for Episode #139 Featuring Fabrice Testa

139. Fabrice Testa on Super Entrepreneurship

/
Entrepreneurship is a method, and it’s also a mindset. Fabrice Testa has written a book that brilliantly integrates the two: he calls the integration "Super Entrepreneurship," and his book title is therefore Super Entrepreneurship Decoded.
E4B Podcast Cover for Episode #138 Featuring Mark McGrath

138. Mark McGrath: The Adaptive Entrepreneurial Method: VUCA, OODA, IOT

/
This week, Mark McGrath joins us to review a tool for value creation amidst continuous, roiling change. It has been around for a while and so is proven in multiple arenas and situations. It goes by the name of OODA.
E4B Podcast Cover for Episode #137 Featuring Murray Sabrin

137. Murray Sabrin’s 7-Point Entrepreneurial Solution to the Medical Care Crisis

/
Entrepreneurs solve problems for customers. There are few problems bigger than the horribly perverse medical care system under which patients suffer in the US. The system has evolved over time, with the stimulus of bad decisions, bad actors, and bad incentives. Entrepreneurship can solve the system problem with specific actions at the component level, each of which are practical and do-able, and can interact to create a new outcome at the system level.
E4B Podcast Cover for Episode #136 Featuring Max Hillebrand

136. Max Hillebrand on Free Software Entrepreneurship with Bitcoin

/
Entrepreneurs are developing a new world of innovative business…
E4B Podcast Cover for Episode #135 Featuring Mark Packard

135. Mark Packard: How to Put Time on Your Side

/
Entrepreneurial action occurs in time. This brings uncertainty, because of continuous change. We can’t know what will be our future result, yet we must produce now in order to discover it. Are there answers to this conundrum? Yes. They’re found in action, and the timing of action. Mark Packard joins the Economics For Business podcast to share his research.
E4B Podcast Cover for Episode #134 Featuring Per Bylund

134. Per Bylund: The Unrealized

/
Understanding The Unrealized requires us as entrepreneurial businesspeople to think better, and to resist settling for what is merely feasible in a regulated, risk-mitigated world. We must ask what could be possible in a different world, and act on that basis. Sound economics supports such action. Per Bylund takes us through his thinking about The Unrealized.
E4B Podcast Cover for Episode #133 Featuring Ulrich Möller

133. Ulrich Möller: The Video Game Industry Points to the Future of Organization Design

/
Austrian economics has a lot to say about how to organize firms for maximum value generation. Austrian principles point to the delegation of entrepreneurial judgement to the front-line employees who interact directly with those who actually create value: users.