About this videoMark Skousen, PhD, discusses his innovative new textbook Economic Logic. The book, designed to present economics in a logical manner, begins by integrating economics with accounting and finance and then goes on to describe a unique four-stage model of the macroeconomy, which includes resources, production, distribution, and consumption or investment. In his book, Dr. Skousen also challenges the mainstream view that consumer spending leads to prosperity; demonstrating instead how savings and investments drive the economy. In this interview, Dr. Skousen also comments on the often counterintuitive nature of economics and describes how Austrian economic principles can be used to analyze today’s economic situation. |
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CreditsInterview with Mark Skousen by Luis Figueroa
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