Austrian school economist Per Bylund discusses learning Austrian economics and his book 'How to Think About the Economy'. They explore economic theories and the importance of understanding logic and causal mechanisms. They also delve into the market, division of labor, entrepreneurship, disruptive entrepreneurs like Henry Ford and the iPhone, and address a listener question about fear and blindness.

Discussion on the economic impact of AI revolution as a consumption good, higher-order good, and production capital tool. Analysis of AI's influence on consumer behavior, production structures, and potential disruption of professions. Exploration of AI integration in the workforce, including AI replacing human labor, technological unemployment repercussions, and benefits of focusing on value creation.

Per Bylund, a professor renowned for his expertise in modern and Austrian economics, dives deep into how nations achieve wealth. He critiques mainstream economic theories, emphasizing the pivotal role of entrepreneurship and innovation in driving prosperity. Bylund highlights the subjective nature of market value and discusses the dangers posed by corporatism in the U.S. economy. He also explores the rising interest in hard money and cryptocurrencies as solutions amidst economic instability, aiming to enhance public understanding of economics.