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Unregistered 244: Per Bylund

Unregistered with Thaddeus Russell

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Is Entrepreneurship the Core of Austrian Economics?

Entrepreneurship is not part of economics at all, really. But it is the core of Austrian economics. What entrepreneurs do helps you with how to run a business. It's whatever goes on that creates outputs from inputs. Your job is to figure out how can I make an investment right now and hire whatever people so that I can have a product that future consumers want so much they will buy it from me.

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