The Tom Woods Show, episode 188.

Prepare to set fire to the index card of allowable opinion.

Your daily dose of liberty education starts here, the Tom Woods Show.

Folks, let's face it, the public school is the American church, and if you oppose it, you are an incorrigible heretic. Well, I've written a

free e-book for all you good heretics out there called Education Without the State. Check it out at

no-stateeducation.com. Hi, everybody, Tom Woods here. Talking again to our old friend, Pear Beeland,

that's B-Y-L-U-N-D. He is a professor in the School of Entrepreneurship at

Oklahoma State University. He is co-author of an interesting paper called On the Relationship

Between Inequality and Entrepreneurship. And he talks about inequality, which is a topic that

just won't go away, as in some ways being a function

of entrepreneurship, and it helps us to understand maybe a bit more deeply what's really going

on and whether we really have cause for concern or not. So I thought that'd be an interesting

topic for discussion. The paper, of course, is linked at tomwoods.com slash 188.

Pair, welcome back. Thank you so much for having me again.

Let's talk about this paper yours, and, I mean, there are two topics I love very much.

I'm very, very interested in the debate over inequality, and I'm interested in entrepreneurship.

So you've got a perfect paper from the point of view of this podcast.

I want to know, first of all, how it is.

I mean, we're going to lay out what your argument is.

But what I'd like to know is, is there a distinctly Austrian angle to this argument?

Are you seeing things that other people don't see because they don't have an

Austrian understanding of entrepreneurship? And maybe we should start with how does the Austrian

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