00:00    |    
Initial credits
00:06    |    
What drives the economy?
Consumer spending
Government spending
Business investment
Relationship between business investment and consumer spending
Volatility 
Elements of business spending 
Gross Domestic Product (GDP) Statistics 
10:56    |    
Universal model of economy and its stages 
11:28    |    
Finished goods and services 
13:39    |    
Spending and the economy 
15:56    |    
Gross Domestic Product (GDP) and Gross Domestic Economy (GDE) model
16:58    |    
Example of Seattle's welfare 
How innovation drives consumption 
Importance of the business sector 
22:02    |    
Key to success
Industry
Thrift  
Prudent 
25:24    |    
Conclusions
26:05    |    
New way to look at the economy
27:02    |    
Question and comments section
How lowering taxes and regulations can encourage business? 
What are the major setbacks for investment in the business sector? 
What is your opinion about a successful life? 
What is the ideal percentage that the government spend on the Gross Domestic Product (GDP)?
45:26    |    
Activity "Who wants this fifty dollar bill?"  
47:24    |    
Final credits



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What Drives the Economy? Consumer Spending or Business Investment

26 de marzo de 2015   | Vistas: 7 |  

What drives the economy? This is the question that Mark Skousen answers in his lecture by evaluating three economic agents: consumer spending, government spending and business investment. He shares some economic models that can help better understand the economy. He also uses the example of Seattle to illustrate the importance of innovation and the business sector in creating welfare. Based on his ideas, Skousen shares the key to success in life. He invites the audience to look at the economy in a new way. He ends his talk with a interesting activity, teaching that there is a lot of money out there, but we have to go out and get it, we can´t wait for it to come to us.




Mark Skousen is an economist, who has taught economics and finance at several universities including Columbia Business School, Barnard College,…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín