Economics Articles

The Rise of the Commercial Society: The Business Leader as Hero

April 22, 2013

By Mark Skousen Editor, Forecasts & Strategies Keynote Address at Annual International Assembly for Collegiate Business Education (IACBE), April 18, 2013, Orlando, Florida “It is business that creates wealth, not countries or governments.  It is businesses that decide how well or poorly off we are.”   —Shlomo Maital, MIT managerial professor Tomorrow my wife Jo Ann [...]

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My First Book Review for Barrons – “Conscious Capitalism”

February 3, 2013

Here is my first book review on Barrons — on John Mackey’s new book, “Conscious Capitalism,” which I regard as revolutionary and encourage everyone to get a copy at either a Whole Foods store (always fun to visit) or on Amazon: BARRONS | SATURDAY, FEBRUARY 2, 2013 The Soul of the New Capitalism A worthy [...]

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Report from AEA Meetings in San Diego: The FED = Inflation

January 24, 2013

I returned early this year from a productive trip to San Diego for the American Economic Association (AEA) meetings, where I met with several top economists, including Nobel Prize winners. One of the most popular sessions was a panel on the 100th anniversary of the Federal Reserve. The most shocking graph was presented by Ken [...]

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Paul Krugman’s Endorses Say’s Law!

October 21, 2012

Paul Krugman endorses Say’s law! In a Sept 13 New York Times op-ed, “The iPhone Stimulus,” Paul Krugman blunders by confusing Keynes’ law (demand creates supply) with Say’s law (supply creates demand). He discusses how the production of the iPhone 5 will now bring a boost to gross domestic product (GDP) of something like half [...]

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My Run In with the Irrepressible and Dangerous Paul Krugman in London

June 1, 2012

I’ve been in Poland and England on a very successful speaking tour — all SRO crowds.  In Poland, thanks for Jan Fijor, many of my books have been translated….In London I spoke at the Adam Smith Institute on “Austrian economics for Investors” and the Institute for Economic Affairs on “Hayek vs. Keynes:  Who’s On Top?”  [...]

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How Keynes Changed His Investment Philosophy and Died Wealthy

May 24, 2012

by Mark Skousen, Investment U Research Friday, April 27, 2012: Issue #1761   “When the facts change, I change my mind. What do you do, sir?” – John Maynard Keynes As longtime subscribers and readers of my books know, I’m no fan of John Maynard Keynes as an academic economist. His legacy is the welfare state, trillion-dollar [...]

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Making of Modern Economics #2 in Ayn Rand Institute’s Top-Ten Must Read Books in Economics

April 7, 2012

Good news.  My book, The Making of Modern Economics, now in its second edition, won recognition from the Ayn Rand Institute, which published its first “top ten must-read books in economics,”  The Making of Modern Economics was ranked second, right behind Henry Hazlitt’s classic Economics in One Lesson. I’m not complaining, since Steve Mariotti, president [...]

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Free Market Textbooks Reign!

April 5, 2012

A Special Report from APEE Meetings in Las Vegas by Mark Skousen On April 2, 2012, I moderated a panel at the annual APEE meetings in Las Vegas.  APEE (Association of Private Enterprise Education) is the gathering place of free-market academic economists, and this year a record group of 500 showed up from colleges and [...]

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Why the Bears Were Wrong: It’s Not the End of America

March 20, 2012

by Mark Skousen, Investment U Research Thursday, March 15, 2012: Issue #1730 “Bears make headlines, bulls make money.” Old Wall Street saying  Over the weekend, I spent some time one-on-one with conservative talk show host Glenn Beck at a private meeting at Mar de Lago – Donald Trump’s Florida retreat. My friend Dan Mangru invited [...]

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Hillsdale College Lecture: Will the Real Adam Smith Please Stand Up?

February 15, 2012

Was Adam Smith, the founder of modern economics, a libertarian, conservative, or radical democrat? Traditionally, free-market economists such as Milton Friedman, Ludwig von Mises, and Friedrich Hayek, have defended Smith as a great free-market economist, while Emma Rothschild, Gordon Brown, and yes, even Murray Rothbard, have demurred, suggesting that Smith was an interventionist who should [...]

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