All Posts Tagged With: "gross output"
I Like Hayek
Who should take the place of Keynes to lead economics into the 21st century? Should it be the economics of Friedman, Ludwig von Mises, Joseph Schumpeter, or F. A. Hayek? While all four have much to offer, I favor Hayek. I am not alone.
1Sep2001 | Mark Skousen | 0 comments | ContinuedBeyond GDP: A Breakthrough in National Income Accounting
“It is apparent that a large part of a country’s total production serves for the production of capital goods and not for the production of consumer goods, and that the production of capital goods must itself become a specialized branch of manufacturing.” —Wilhelm Röpke1 Good news! The U.S. Department of Commerce, which compiles Gross Domestic [...]
1Apr2001 | Mark Skousen | 3 comments | Continued-
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