Per Bylund on Entrepreneurship, Austrian Economics, and Intellectual Property

The Aaron Olson Podcast

00:00:00.000 Professor Per Bylund https://perbylund.com/

00:00:36.107 How did you become interested in entrepreneurship?

00:03:08.377 Theory vs practice of entrepreneurship

00:03:26.372 Mises: Human Action https://mises.org/library/human-action-0

00:04:28.346 Will understanding economics help us become better entrepreneurs?

00:04:46.894 Errors entrepreneurs make

00:04:59.100 Production process vs value process

00:08:15.300 Serving yourself by serving others

00:09:14.261 Creativity and imagination

00:09:53.810 Ideas vs implementation

00:09:57.590 Invention vs innovation

00:11:47.666 Value first, cost second

00:15:06.411 Entrepreneurship: Thinking about the economy in the right way

00:15:49.231 What projects get you excited about entrepreneurship?

00:16:11.760 Decentralization of technology

00:17:09.611 Social media

00:20:26.529 Future of content creation

00:21:28.986 Cryptocurrency

00:22:09.028 Ethereum https://ethereum.org/en/

00:22:13.817 Nano https://nano.org/

00:22:31.627 Micropayments

00:23:09.352 What hasn’t crypto had wider adoption?

00:23:33.028 Fiat currency

00:25:00.919 Security vs ease if use in cryptocurrency

00:26:07.982 Barriers to cryptocurrency

00:26:49.228 Responsibility in crypto

00:27:44.403 Over-engineering in crypto

00:28:41.022 Crypto has not become money

00:29:12.480 Intellectual property https://twitter.com/PerBylund/status/1386774810617958403

00:30:24.896 IP distorts the market

00:32:59.205 IP and big pharma

00:33:17.117 Nexium vs Prilosec https://www.healthline.com/health/gerd/nexium-vs-prilosec

00:36:03.192 Big pharma and vitamins

00:37:19.990 IP as monopoly privilege

00:37:35.537 IP is not benefiting the consumer

00:38:05.682 IP fosters inventions instead of innovations

00:39:55.611 IP and cancer drugs

00:41:48.707 IP is based on the assumption that the idea matters

00:42:25.540 Smartphones and IP

00:44:37.947 Copyright and creative works

00:47:03.336 Metallica and IP

00:47:33.959 Ways to make money other than royalties

00:49:33.249 Monopoly privileges coddle creatives

00:51:23.296 Getting rid of IP allows for different business models to flourish

00:53:35.363 Crypto and creative services

00:55:02.043 Where to go to learn more about entrepreneurship?

00:55:29.836 Mises.org https://mises.org/

00:55:52.440 Per Bylund on Twitter https://twitter.com/PerBylund

00:56:48.467 Economics in one lesson https://youtu.be/eyIfEpNfU2U

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