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 Connect with Hunter Hastings on LinkedIn The Value Creators on Substack
