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

Page: https://stenobird.com/podcast/infi-the-future-of-finance-6015611/ep-131-do-large-language-models-act-in-the-austrian-economics-sense
Text version: https://stenobird.com/podcast/infi-the-future-of-finance-6015611/ep-131-do-large-language-models-act-in-the-austrian-economics-sense.md
Podcast: [InFi: the Future of Finance](https://stenobird.com/podcast/infi-the-future-of-finance-6015611)
Published: 2026-04-03T19:00:00+00:00
Episode link: https://e86540bd-c269-4e1c-9977-72fca5cd2809.libsyn.com/ep-131-do-large-language-models-act-in-the-austrian-economics-sense
Audio file: https://traffic.libsyn.com/secure/e86540bd-c269-4e1c-9977-72fca5cd2809/InFi_-_Ep._131_-_Michael_Fraser.mp3?dest-id=3851883
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Duration seconds: 5316

## Resource

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

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## Transcript

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