Ep. 131: Do Large Language Models "Act" in the Austrian Economics Sense?

Ep. 131: Do Large Language Models "Act" in the Austrian Economics Sense?

April 3, 2026 · 1h 29m

About this episode

Michael Fraser discusses the implications of large language models in the context of Austrian economics.

Michael Fraser is co-founder of Action / Insight, a business AI consulting firm out of Toronto. He is also an amateur expert in Austrian economics, and recently presented a conference paper arguing that today's leading LLMs (such as Claude or ChatGPT) satisfy the criteria for "action" laid out by Ludwig von Mises. Related: - https://infineo.ai/podcast/22 - https://actioninsight.ai Watch the video version of this episode here: https://youtu.be/jwB_yIkTlNE Subscribe to our YouTube channel: https://bit.ly/3XXfmGS Follow us on Instagram: https://www.instagram.com/infineogroup Follow us on Twitter: https://www.twitter.com/infineogroup Learn more about Infineo at: https://www.infineo.io Audio Production by Podsworth Media - https://podsworth.com

People in this episode

Host: Infineo

Guest: Michael Fraser

Topics covered

Mentioned in this episode

Organizations: Action / Insight, Infineo, Podsworth Media

Products: Claude, ChatGPT

Books & works: Austrian economics

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