GDP numbers look great, but a leading indicator signals trouble ahead By Mark Skousen April 4, 2024 The Bureau of Economic Analysis last week estimated that real gross domestic product grew at a robust annual rate of 3.4% in … Continued
by Mark Skousen I now have three Nobel prize winners who are encouraging my development of gross output (GO) as the “top line” in national income accounting, as a complement to GDP as the “bottom line”: … Continued
In November, 2017, I was invited to give the annual Schumpeter Lecture in Stockholm, Sweden. “It is, however, the producer who as a rule initiates economic change and consumers are educated by him if necessary; they are, as it … Continued
Dear friends, Many of you know about my singular contribution to economics, the development of gross output (GO), the new statistic that measures spending at all stages of production, including the supply chain. I call it the “top line” in national … Continued
Dear friends, Good news! For the first time, the federal government (BEA) has released the “top line” gross output (GO) at the same time as the “bottom line” GDP. For years, publicly-traded companies have simultaneously posted the top line (sales/revenues) and the … Continued
A Paper Presented to the Mont Pelerin Society Meetings on May 8, 2017, Seoul, Korea (anniversary of Friedrich Hayek’s birthday) by Mark Skousen Presidential Professor, Chapman University “Gross output [GO] is the natural measure of the production sector, while net … Continued
Mark Gertsen (University of Groningen) has just published an academic study in favor of gross output (GO) as a powerful new macroeconomic tool and statistic. His article, “Interest Rates, Roundaboutness, and Business Cycles: An Empirical Study,” is published in the fall … Continued
Take a look at today’s article about the U.S. consumer by Brian Wesbury, chief economist at First Trust Chicago: https://www.ftportfolios.com/Commentary/EconomicResearch/2019/12/2/dont-worry-about-the-us-consumer He uses my gross output (GO) statistic to refute the myth that consumer spending drives the economy. It’s a beautifully written … Continued
‘Gross output’ reflects the full value of the supply chain, and it portends much faster growth. Reprinted from THE WALL STREET JOURNAL. By Mark Skousen The Bureau of Economic Analysis will release its preliminary first-quarter growth figure on Friday. According … Continued
by Mark Skousen Presidential Fellow, Chapman University Editor, Forecasts & Strategies For the previous two quarters (Q2 and Q3, 2017) Gross Output, the new broader measure of the economy that includes the supply chain, was growing at a slower rate … Continued
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