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Mark Skousen Quotes (1947-)
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About Mark Skousen
Mark Andrew Skousen (born 1947) is an American economist, investment analyst, newsletter editor, college professor and author.
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“The triumph of persuasion over force is the sign of a civilized society.”
“The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.”
“Samuelson's textbook has delivered a great deal of economic wisdom. For many economists, the positive side of the balance sheet has outweighed the negative. Indeed, his defenders might ask: Might the United States and the West have suffered another Great Depression if Samuelson had not emphasized the need for "automatic stabilizers"? Did not Samuelson's heralding of the "mixed" economy curb the appetite of third world countries for national socialism?
We will never know, of course, but it is humbling to speculate on whether alterations in principles textbooks might have led to a different U.S. economy.”
We will never know, of course, but it is humbling to speculate on whether alterations in principles textbooks might have led to a different U.S. economy.”
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Mark Skousen on Keynesian Revolution 2 quotes
“In this extended survey, we have witnessed a kaleidoscopic variety of opinions and reactions to the Keynesian revolution. Unfortunately, no immediate consensus among free-market advocates arose in response to the challenge of a new and dangerous macroeconomics that grew out of the Great Depression. Some dismissed Keynes prematurely; others considered Keynes a major threat; still others treated his theory as a second-best solution to the vagaries of laissez-faire capitalism. Many were mesmerized by Keynes's new bag of techniques, which they could not always claim fully to understand. Because no united front developed to counter the Keynesian revolution, the most industrialized nations of the world languished under the spell of its magic.”
Mark Skousen on Persuasion
“The triumph of persuasion over force is the sign of a civilized society.”
Mark Skousen on Stock market
“The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.”
Mark Skousen on Productivity
“The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.”
Mark Skousen on Economics (textbook)
“Samuelson's textbook has delivered a great deal of economic wisdom. For many economists, the positive side of the balance sheet has outweighed the negative. Indeed, his defenders might ask: Might the United States and the West have suffered another Great Depression if Samuelson had not emphasized the need for "automatic stabilizers"? Did not Samuelson's heralding of the "mixed" economy curb the appetite of third world countries for national socialism? We will never know, of course, but it is humbling to speculate on whether alterations in principles textbooks might have led to a different U.S. economy.”
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What Mark Skousen Said About Others
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Mark Skousen on William Harold Hutt
“The free-market economist who devoted more time and effort than anyone else to dissecting Keynes was W. H. Hutt, Professor of Economics at the University of Cape Town. Unlike other market economists, he recognized from the beginning the revolutionary character of The General Theory and its threat to the free market. His "intense dissatisfaction" with Keynes's theory of unemployment caused him to write his first major work, The Theory of Idle Resources, in 1939.”
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Alan Ebenstein on Mark Skousen
“The question of the value of Hayek’s work in technical economic theory from the middle 1920s through early 1940s is one over which there is considerable dispute in the academic economic community. Some, such as contemporary Austrian economists Roger Garrison, Mark Skousen, and Gene Callahan, consider this work to be of vital, continuing relevance. Others, such as Nobel Prize winners Milton Friedman, James Buchanan, and Ronald Coase, while they have the highest opinion of Hayek, do not consider his work in technical economic theory to be of much worth.”
About Mark Skousen
Mark Andrew Skousen (born 1947) is an American economist, investment analyst, newsletter editor, college professor and author.