GO Beyond GDP: A Breakthrough in Macroeconomics

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

Don’t Worry about the U.S. Consumer

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

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