Mark Skousen, who just released the 5th edition of his economics textbook, joins me to discuss quite a few topics, with special emphasis on why the Austrian School sees the economy more clearly than do other schools of thought. He takes on the “circular flow” model, the problems with GDP, and why the standard approach leaves out some of the most important activity in the economy.
About the Guest
Mark Skousen is an economist, investment analyst, newsletter editor, college professor, and author.
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Course Discussed
Economic Logic, 5th ed.
Guest’s Websites
MarkSkousen.com
MSkousen.com
FreedomFest.com
Selected Books by the Guest
A Viennese Waltz Down Wall Street: Austrian Economics for Investors
Investing in One Lesson
Maxims of Wall Street: A Compendium of Financial Adages, Ancient Proverbs, and Worldly Wisdom
Guest’s Twitter
Previous Appearances
Ep. 577 Where Should You Put Your Money? The Answer May Surprise You
Ep. 172 The Fallacies of GDP (Mark Skousen and Jeff Herbener)
eBook Mentioned
Sane Space: Libertarian Dispatches from Bizarro America, by Tom Woods
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Audio by Chris Williams Audio.
