How does entrepreneurship truly drive economic growth, and why is it often ignored in mainstream economic models? What role does imagination play in creating market-changing value?
In this episode of the Value Creators Podcast, Hunter Hastings is joined by Per Bylund, professor, author, and one of the leading voices in Austrian economics. Per introduces a radically dynamic model of entrepreneurship based on his new book, Entrepreneurship and Evolutionary Economics.
Key insights include:
- Why modern economics has pushed entrepreneurship to the margins—and why that’s a mistake.
- The difference between creating knowledge and creating value.
- Why entrepreneurial success depends on imagination, empathy, and experimentation.
- How the infeasibility zone traps safe innovators—and how to leap past it.
- Bylund’s three models of entrepreneurship, culminating in Model 3, where entrepreneurs reshape markets.
- The importance of institutional support—and the dangers of policy overreach.
This episode redefines entrepreneurship not as a function of business plans or investment capital, but as an imaginative, value-creating force that reshapes the economy from within. If you want to understand how real economic growth happens, this conversation is essential.
Resources:
➡️ Learn What They Didn’t Teach You In Business School: The Value Creators Online Business Course
Read this episode's Knowledge Capulse at thevaluecreators.com
Check out Per Bylund’s Latest Book: Entrepreneurship In Evolutionary Economics
Read Per Bylund’s Book: How To Think About The Economy
Read Per Bylund Book on The Economic Damage Caused by Regulation: The Seen, The Unseen And The Unrealized
Follow with Per Bylund on X: @PerBylund
Connect with Per Byklund on LinkedIn
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