By Per Bylund Listen to the Audio Mises Wire version of this article. In Human Action, Mises takes two strong positions that are seemingly contradictory. On the one hand, he clearly takes the view that production, and especially the entrepreneurial production by promoters, is the “driving force” of the economy. But, on the other, he argues that consumers are sovereign in … [Read more...] about How Consumer Sovereignty and Entrepreneurship Work Together
Per Bylund
Why There is No Such Thing as an Exploitative Monopoly in a Free Market
By Per Bylund What's a telltale sign of economic illiteracy? I'm starting to believe the worst is the claim that markets lead to monopoly and the accumulation of wealth in a few hands. Why? Because it makes no sense at all on the face of it and has no logical explanation, so it is indicative of fundamental confusion and misunderstanding. Granted, many great thinkers … [Read more...] about Why There is No Such Thing as an Exploitative Monopoly in a Free Market
Entrepreneurship in the Time of COVID-19
By Per Bylund Per Bylund, author of The Seen, the Unseen, and the Unrealized: How Regulations Affect Our Everyday Lives has commented extensively here at mises.org, and in a variety of entrepreneurship-focused publications, about the economics of entrepreneurship. Editor Ryan McMaken recently asked Professor Bylund to comment on what challenges entrepreneurs face right now … [Read more...] about Entrepreneurship in the Time of COVID-19
The Benefits of a Free Society During Pandemics
By Per Bylund In this time of crisis, many exclaim how impressed they are by the “swift and decisive” actions by the Chinese regime. Instead of recognizing the abhorrent disrespect for human life, the Chinese response is put forth as an exemplar for combating a pandemic. These hailers conveniently forget the many weeks of silencing and censorship that preceded the brutal … [Read more...] about The Benefits of a Free Society During Pandemics
Per Bylund on the Entrepreneurial Opportunity of B2B versus B2C
By Hunter Hastings and Per Bylund Dr. Bylund observes that students, when selecting entrepreneurial projects for his course, lean heavily towards consumer products and services. Does this represent smart entrepreneurial thinking, or not? Is it biased by (lack of) marketplace experience? Is it biased by media reporting and “buzz”? And what can practicing entrepreneurs … [Read more...] about Per Bylund on the Entrepreneurial Opportunity of B2B versus B2C
A History of Anarchist Thought w/Per Bylund
Pete welcomes Per Bylund back to the show. Per is a Fellow of the Mises Institute and Assistant Professor of Entrepreneurship & Records-Johnston Professor of Free Enterprise in the School of Entrepreneurship in the Spears School of Business at Oklahoma State University, and an Associate Fellow of the Ratio Institute in Stockholm. Per recently did a presentation on … [Read more...] about A History of Anarchist Thought w/Per Bylund
Entrepreneurs: Changing The World Through Business
By Per Bylund Politics is hardly an effective force for bringing about positive change in society. Instead, real change, and especially such that changes people’s lives for the better, comes from elsewhere. It comes from business, and specifically from innovators, entrepreneurs, and pioneers in the market. And very often it does so despite politics and the state — or even … [Read more...] about Entrepreneurs: Changing The World Through Business