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AI is changing how we work, but can it replace the human entrepreneur? Austrian economist Per Bylund, Senior Fellow at the Mises Institute, joins Spencer Nichols to explain why AI is a statistical engine that improves efficiency but can’t imagine the future. He argues we’re moving from an employment economy to an entrepreneurship economy, and explains what that means for jobs, innovation, and value creation.
Chapters:00:00 Austrian Economics on AI, Innovation, and Entrepreneurship02:34 Can AI Replace the Entrepreneur?05:48 Invention vs Innovation: What Bitcoin Teaches About AI06:29 From an Employment Economy to an Entrepreneurship Economy09:52 Can Regulators Keep Up With…
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