Mark Skousen, PhD, discusses his innovative new textbook Economic Logic. The book, designed to present economics in a logical manner, begins by integrating economics with accounting and finance and then goes on to describe a unique four-stage model of the macroeconomy, which includes resources, production, distribution, and consumption or investment. In his book, Dr. Skousen also challenges the mainstream view that consumer spending leads to prosperity; demonstrating instead how savings and investments drive the economy. In this interview, Dr. Skousen also comments on the often counterintuitive nature of economics and describes how Austrian economic principles can be used to analyze today’s economic situation.
Mark Skousen
Mark Skousen is a well-known American economist. He has taught economics and finance at several universities including Columbia Business School, Barnard College, Rollins College, and Columbia University. He is the author of Economic Logic and Persuasion versus Force. He also writes for several investment newsletters, including Forecasts & Strategies. Skousen lectures and writes articles for several organizations, including the Cato Institute, the Foundation for Economic Education, and the Mont Pelerin Society. He holds a PhD in economics from George Washington University.
Interview with Mark Skousen by Luis Figueroa Mark Skousen, PhD
Thirty-Fourth Annual Conference, APEE Guatemala City April 6, 2009
A New Media - UFM production. Guatemala, May 2009 Camera: Jorge Samayoa, Manuel Alvarez; digital editing: Rebeca Zuñiga; index and synopsis: Alexandra Archila; content revisers: Daphne Ortiz, Jennifer Keller; publication: Mario Pivaral / Carlos Petz
This work is licensed under a Creative Commons 3.0 License Este trabajo ha sido registrado con una licencia Creative Commons 3.0
Content
Initial credits
Introduction
What innovations are there in your new economics textbook?
Mainstream ideas on consumer spending.
Why is it sometimes difficult to understand economics?
How can Austrian economics be used to provide sound financial advice in a crisis?
Final words
Final credits
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