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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Economic Logic, 5th ed.
Selected Books by the Guest
Sane Space: Libertarian Dispatches from Bizarro America, by Tom Woods
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Audio by Chris Williams Audio.