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.
91. Curt Carlson on Innovation Champions
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Austrian economics sees an economy in motion, perpetually renewing itself. Economic agents (firms, customers, investors) constantly change their actions and strategies in response to outcomes they mutually create. This further changes the outcome, which requires them to adjust afresh.
Entrepreneurs live in a world where their beliefs and strategies are constantly being “tested” for survival within an outcome these beliefs and strategies create. It’s complex.
90. Per Bylund On A New Austrian Business Paradigm: Facilitation Of Value
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.
89. Jeff Booth: How Entrepreneurs Can Harness The Power Of Technological Deflation
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.
88. David K. Hurst: Managing People-As-Ends and not People-As-Means.
In many situations, the complexities in managing a diverse and layered team of people is to view individuals as ends and not means.
87. Professor Matthew McCaffrey: The Austrian Definition of Capital and its Application for the Health of Your Business
Key Takeaways and Actionable Insights
An understanding of the…
86. Allan Branch: Entrepreneurs Are Authors Writing Their Own Story
"Entrepreneurship is like sailing through changing weather, winds, waves and tides.” - Allan Branch
85. Dr. Per Bylund on the Austrian School versus Business School
Why do business schools exist? Dr. Bylund wonders if business schools are facing an existential problem.
84. Bob Luddy: Five Active Processes of Austrian Economics That Helped Me Build One of America’s Most Successful Entrepreneurial Businesses
Bob Luddy is founder and CEO of CaptiveAire (CaptiveAire.com), the US market leader in commercial kitchen ventilation systems. It’s a $500MM+ business with 1,000+ employees and a 40+-year success record. Bob explains to Economics tor Entrepreneurs how these principles of Austrian economics, applied as active processes, played a part.
83. Clay Miller: An Entrepreneurial Journey to New Lands, New Organizational Designs and New Value
Clay Miller got a Commodore 64 (you can look it up!) when he was 11 years old, and his interest in computing, software and writing code started there.
82. David K. Hurst: Business School Fallacies and Acting Your Way to Better Thinking
At E4E, we believe that Austrian economics can guide business…
81. Dr. Keith Smith: The Free Market Medical Association Brings Entrepreneurship to Medical Services
Dr. Keith Smith, Co-Founder of the The Free Medical Association (FMMA.org), is an entrepreneur and free market warrior who is undaunted by the seeming scale of his innovation task: to bring to healthcare the kind of customer experience only entrepreneurial free markets can deliver (see "Pillars of the Free Market Medical Association" PDF).
80. Clay Routledge and John Bitzan: Entrepreneurship Brings Meaning and Purpose to Life
The entrepreneurial life is a life of meaning and purpose. We believe that strongly, and our belief is anchored in the ethic of entrepreneurship: to serve others, making their lives better, and thereby improve one’s own life, making an entrepreneurial profit, both economic and psychic.