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Stockholm Calling: How High Can Stocks Go?

“It is the producer who as a rule initiates economic change, and consumers are educated by him if necessary; they are taught to want new things.”

— Joseph Schumpeter (1934)

“Gross output, long advocated by Mark Skousen, will have a profound and manifestly positive impact on economic policy.”

— Steve Forbes (2014)

I was invited to Stockholm, Sweden, the home of the Nobel Prize, to give the prestigious Schumpeter Lecture last week on “GO Beyond GDP: Why Business is More Important Than Consumer Spending or Government Stimulus.”

Dr. Mark Skousen giving his lecture on GO (Gross Output).

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