Per Bylund
Mises Institute
Oklahoma, United States
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Past articles by Per:
How to Think about the Economy: A Primer
From the Preface ... This little book was written to accomplish something big: economic literacy. It is intentionally kept very short to be inviting rather than intimidating, as economics books typically are. → Read More
Per Bylund: The Unrealized
Understanding The Unrealized requires us as entrepreneurial businesspeople to think better, and to resist settling for what is merely feasible in a regulated, risk-mitigated world. We must ask what could be possible in a different world, and act on that basis. Sound economics supports such action. → Read More
Per Bylund on The Seen, the Unseen, and the Unrealized
Professor Per Bylund of Oklahoma State University is the author of The Seen, The Unseen, and the Unrealized. 2020 is the year social scientists failed to show us the unseen, namely the staggering and still unfolding economic, social, medical, and human costs of Covid lockdowns. Dr. → Read More
Economics: The "Other Side" of Politics
The realm of politics is to coordinate solutions beyond what decentralized actors and organizations can themselves achieve. This is done through the power of the state (coercion). Thus, the scope and use for politics as a means is strictly limited to where it is the better solution for society and its constituents. → Read More
Per Bylund on the Economics of Value versus Economies of Scale
Good economic theory predicts effective, cutting edge business practices. For example, the dynamic flexibility of capital resource allocation predicted by Austrian Capital Theory is being realized today via digitization, dematerialization and agile organizational innovations. → Read More
Per Bylund on The Laws of Agile
The management methods and practices that have been gathered under the term agile claim the status of a Copernican Revolution. → Read More
Per Bylund: Big Data versus Big Ideas
Predictive analytics can’t predict! That was Dr. Per Bylund’s provocative introduction to our discussion of the uses and drawbacks of big data in the context of the entrepreneurial mission. → Read More
Per Bylund on Execution
Have you heard of the knowing-doing gap? Accumulating unique knowledge — expertise, processes, experience, skills, recipes, qualifications etc — is important, as we always emphasize at Economics For Entrepreneurs (Mises.org/E4E). → Read More
Debunking Vox's Article on "Debunking Economic Laws"
Vox is a never-ending fountain of ignorance. Like this piece about four 'laws' of economics that are simply wrong. Some of these claims are indeed wrong, but it's also wrong to claim that economists make them. Let's look at each one. 1) Going below the natural rate of unemployment could spark an inflationary spiral. → Read More
Society's Choice: General Welfare or Equality
Imagine a social system in which those contributing to the welfare of others are rewarded for it, and those contributing more get access to more resources—so that they can serve us better. Such a system would generate ever more welfare, and for more people. Then imagine an alternative system under which we institute a central force in society with the object to make sure → Read More
Andrew Yang Fears Automation. He Should Fear Inflation.
It is not automation that scares people, it is inflation. Might sound odd, but what I mean is that the promise of a fully (or at least a more extensively) automated future seems like a threat because modern currencies are fundamentally inflationary. When we work and save, the purchasing power of our saved funds diminishes with time. This is not a natural state of things, as → Read More
The Two Things You Need to Know to Succeed as an
What is it that makes some entrepreneurs so successful? → Read More
Why Modern Economics' Fixation with "Efficiency" Is Dangerous
What does an economy do? → Read More
How to Prioritize When Making Decisions as an
Making decisions when leading a startup is a constant challenge. → Read More
Per Bylund on Subjective Value
Per Bylund talks to Hunter Hastings about the value-centric model for successful entrepreneurship, and we provide an infographic to help you apply the model to your own busines → Read More
4 Ways to Make Value Creation Core to Your Business
It's important to direct your business toward making a difference in your customers' lives. → Read More
3 Fundamental Ideas on How to Succeed as an
What is a 'productive' business? This contributor's ideas of what that means may differ from the traditional view. → Read More
Per Bylund on the Role of the Entrepreneur
At Economics For Entrepreneurs, we are going to combine theory and thought leadership about how entrepreneurship works, with practical advice and shared experience from those who have achieved entrepreneurial success. → Read More
4 Choices You'll Make Running Your Startup in the Age of Robots and AI
Machines alone cannot replace humans in everything. Reason: We're unbeatable in dynamic milieus and open-ended tasks. → Read More
What Is Economic Growth? (And What Is It Not?)
There is severe confusion about the meaning of economic growth. Many seem to mistakenly think that it has to do with GDP or producing stuff. It does not. → Read More