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Synopsis
In Economic Logic, Mark Skousen offers a step-by-step approach to economics showing how microeconomics and macroeconomics are logically linked together.
The fully revised fifth edition introduces a major breakthrough in macroeconomics: a "top line" in national income accounting called Gross Output. Also included: a powerful four-stage universal model of the economy, a new "growth" diagram, a new diagram of the optimal size of government, and new alternatives to the standard Aggregate Supply and Aggregate Demand curves. Economic Logic is also the first and only textbook to begin with a profit-and-loss income statement to demonstrate the dynamics of the economy. To aid students in comprehending the economic lessons, many other disciplines are integrated into the study of economics, including finance, business, marketing, management, history, and sociology.
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About the Author
Known as the maverick of economics for his contrarian and optimistic views, his sometimes-outrageous statements and predictions, Mark Skousen is a college professor, prolific author and world-renowned speaker. He s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and Austrian economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions and has often been proved right.
He has been writing Forecasts & Strategies since 1980 and is the author of The Making of Modern Economics, Investing in One Lesson, The Structure of Production and High Finance on a Low Budget, Vienna & Chicago: Friends or Foes, and The Maxims of Wall Street. The Mark Skousen School of Business at Grantham University is named in his honor.
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- PublisherRegnery Capital
- Publication date2017
- ISBN 10 1621577708
- ISBN 13 9781621577706
- BindingPaperback
- Edition number5
- Number of pages715
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