Hunter Hastings @hhhastings
Host of The Value Creators podcast. Economist I Entrepreneurial Advisor I Innovator hunterhastings.com San Diego Joined January 2011-
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Can we anticipate a revival of customer capitalism? We need it. chiefexecutive.net/the-revival-of…
In traditional business education, business is taught as methods, processes, tools and techniques. It’s scientific, mathematical, financialized and mechanized. It’s business administration. But that’s not sufficient for the dynamic markets of the digital age. This is not the…
The thesis of Aberrant Capitalism by @stevedenning and @hhhastings is that corporations have lost their primary focus on customer value creation. But young Americans may be the influence that restores their focus. marketwatch.com/story/corporat…
Corporations create antagonistic relationships with customers through tracking and surveillance, and interrupt and annoy their customers with advertising. The economic system should produce greater and more widely distributed feelings of well-being.
For how long can the management-dominant firms withstand the growth of the value creation-dominant firms? The game is slightly rigged. thevaluecreators.com/business-podca…
Concentrated power is always challenged by the speed of change, and that speed is accelerating today. If corporations can’t keep up, they’ll be replaced.
Value lies in customer experiences that are evaluated highly by them--what economists call subjective value. The customer searches for better experiences. A firm that offers greater value in the form of better experiences will receive the rewards of the marketplace!
Make a difference, make a profit, build a brand, build a business, pave a new path, change the world. Maisie Ganzler has done it all - with distinction. thevaluecreators.com/business-podca…
It turns out that young people are critics of corporations more than they are critics of the economic system we call capitalism.
Here's an acronym to describe our modern world: BANI (brittle, anxious, non-linear, and incomprehensible). We see it in the rapid technological developments, effects of climate change, and geopolitical instability that seem to be only increasing. (1/3) buff.ly/4cBgvw9
Check out my latest article: The Corporate Form of Organization Is Nearing the End of Its Useful Life linkedin.com/pulse/corporat… via @LinkedIn
Excellent full-on Austrian analysis of the banking-induced debt bubble including testimony by Central Bankers about the dangers of Central Banking. Great work by Cobden Center and @MaxRangeley dropbox.com/s/wd0mibnyydkk…
I am a passionate supporter of entrepreneurship in whatever form I can practice it, support it and advance it! Entrepreneurship is the gathering of knowledge and development of insights regarding customer needs, and the conversion of this knowledge into new product and service…
Economic growth does not require increased consumption of natural resources. The concept of economic growth, properly understood, is about increased value creation, not increased cost. #economicgrowth
Corporations built by entrepreneurial founders, unentangled with government or a financial sector, focused on customer benefit. But when the entrepreneurs exited and managers entered, systemic erosion began. What is the key to returning to a customer-focused mindset? In…
💡 Why did we write Aberrant Capitalism? 💡 And why now? 💡 Find out more at HunterHastings.com/AberrantCapita…
My co-author, Stephen Denning, and I discuss the importance of a customer-focused approach in Aberrant Capitalism. Managers pursue different goals than entrepreneurs. Enter entrepreneurial management. #leadership #entrepreneurialmanagement #customerfocused #corporatemanagement
We've been pleased at the response to our latest book, Aberrant Capitalism. Entrepreneurial management is the way forward! The digital age shows hope, but these new corporations are paradoxes--more customer-centered but still bureaucratic. Want to join the discussion? Find…
There *is* a resolution to the dilemma of corporate management. Combining the creativity and innovation of entrepreneurship and applying management to remove obstacles to progress (like bureaucracy and financialization). Entrepreneurial management gives us a way forward.…
"The entrepreneur only makes a profit if he has made a more correct assessment of the future organization of the market than the other entrepreneurs; in fact, he redeems a surplus over the cost of production because he has bought the means of production at prices which have…
Per Bylund @PerBylund
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176K Followers 5K Following Hayek Lifetime Achievement Award 2019; https://t.co/K6VyBJLsro If I block you, draw no flattering conclusion; I'm busy, and you're an idiot.
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119K Followers 2K Following The Libertarian Party caucus focused on Austrian economic literacy, decentralization, privatization, and opposition to war. We take #Bitcoin
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180K Followers 1K Following Everyone, in his own interests, must thrust himself vigorously into the intellectual battle. - Ludwig von Mises | ✉️ subscription below | IG: misesinstitute
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2K Followers 5K Following Prof in entrepreneurship @Haskayneschool #NoCode & #GenAI #ODNC2. I write about my work and entrepreneurial experiments at https://t.co/03UQ2VqA7rHere's an acronym to describe our modern world: BANI (brittle, anxious, non-linear, and incomprehensible). We see it in the rapid technological developments, effects of climate change, and geopolitical instability that seem to be only increasing. (1/3) buff.ly/4cBgvw9
Please join us for an exciting @BUBaughCtr Free Enterprise Forum with @TheFIREorg president Greg Lukianoff on "The Campus Conformity Gauntlet," Tuesday, April 23 at 5:15pm in the @Baylor_Business Foster Building. (No live stream, but recording available later.)
Now published! Pick up a copy from your favorite bookseller. publicaffairsbooks.com/titles/nicolai…
The great successes of the natural #sciences in the past couple of centuries are not a reason to disregard the problem of induction. Data are much more problematic a "source" of knowledge than we're led to believe in K-12. Their objectivity and neutrality are greatly overstated.
Asking questions the right way is a super power. And so is helping others reformulate their requests for your help.
Have you heard of the XY Problem? It’s happened to me many times, but I never knew it had a name! If you know about it, you can save yourself some time and frustration. A thread… 👇
@PerBylund @mises "Predicting the business future is not the business of economists. Too many factors must be known, and no one can know them. What is the business of economists? It is to explain the workings of the market, and the mistakes of the legislators and other politicians." Henry Hazlitt.
@PerBylund This is the reason politicians, in particular, don't like Austrian economists. Politicians and Keynesians have a symbiotic relationship.
As Mises (1949) noted, the role of the economist is to point out that/when the chosen/indicated means are inappropriate for the stated ends. This is the power of economics and the reason nobody likes economists.
Have you heard of the XY Problem? It’s happened to me many times, but I never knew it had a name! If you know about it, you can save yourself some time and frustration. A thread… 👇
@PerBylund MMT is also a farce because so many of its claims directly contradict existing empirical evidence
@PerBylund Here’s how I see MMT “theorists”: 1. There is no objective theory 2. Governments are utility 3. Government engineering includes monetary manipulation 4. Monetary manipulation “theory” is the useful myth Keynes+ created, Yada Yada the rest
@PerBylund I had to read up on MMT to understand where this guy is coming from. The fact that there are people who actually think this way is amazing to me. It's not based in reality.
The "perfect competition" model has fooled many to think markets can only work if there's perfect information and zero transaction costs. That model may have its uses but it's not reality. In the real world, markets solve the problem of information being imperfect and asymmetric.
These kids are the future.
Congratulations to @realDavidBJr, winner of the Kenneth Garschina Undergraduate Student Essay Competition. Read his article here: A Tale of Two Bureaucracies mises.org/mises-wire/tal…
From our man @PerBylund #EconTwitter Enjoy qjae.mises.org/article/77380-…
With @WanjiruNjoya at @mises.
The 2024 Lawrence W. Fertig Prize in Austrian Economics is rewarded to @PerBylund for his paper Is It Money Because It Is Redeemed in Tax Payments? A Response to Kelton and Wray Paper is available here: qjae.mises.org/article/77380-…
About the tenth time I’ve seen this post - it resonates more deeply every time.
What causes #poverty? Nothing. It's the original state, the default and starting point. The real question is, What causes #prosperity?
The "money supply" per se does not matter-- but mucking about with it creates winners and losers.
@paulg Biggest misconception in economics. Any quantity of money is enough for any economy as money's purchasing power can rise to meet all demand, without its quantity rising. A growing economy needs a growing money supply as much as a growing child needs a growing inch.
"The entrepreneur only makes a profit if he has made a more correct assessment of the future organization of the market than the other entrepreneurs; in fact, he redeems a surplus over the cost of production because he has bought the means of production at prices which have…
@PerBylund Wouldn't that imply that some have to fail in order for others to succeed? Surely the butcher, the baker and the brewer can all make a profit in a hamlet of 3 producers as long as they each produce more than they consume in the process?
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