Per Bylund on Entrepreneurship, Austrian Economics, and Intellectual Property

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