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Making History: The Feds Adopt My Macro Model with New ‘GDP Plus’ Statistic

“Gross Output provides an important new perspective on the economy; and one that is closer to the way many businesses see themselves.”
— Steve Landefeld, director, Bureau of Economic Analysis, U.S. Department of Commerce

I’m getting great response to my Forbes.com article announcing a new supply-side “Austrian” macro statistic, Gross Output (GO), that the federal government will start releasing in spring 2014 at the same time it reports its quarterly gross domestic product (GDP) data.

A shortened version of the article will appear in the Dec. 16 issue of Forbes magazine (circulation almost 1 million).

I’ve been advocating this new national statistic since writing “The Structure of Production” (New York University Press), published in 1990. Now it’s finally happening. Steve Forbes calls it a “real breakthrough.” Steve Moore of the Wall Street Journal and Gene Epstein of Barron’s are looking into writing articles on GO. So is the Economist.

Read more about my history-making gross output statistic at Eagle Daily Investor.

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Making History: The Feds Adopt My Macro Model with New ??GDP Plus?? Statistic

I??ve been advocating this new national statistic since writing ??The Structure of Production,? published in 1990. Now it??s finally happening.

“Gross Output provides an important new perspective on the economy; and one that is closer to the way many businesses see themselves.”
— Steve Landefeld, director, Bureau of Economic Analysis, U.S. Department of Commerce

I’m getting great response to my Forbes.com article announcing a new supply-side ??Austrian? macro statistic, Gross Output (GO), that the federal government will start releasing in spring 2014 at the same time it reports its quarterly gross domestic product (GDP) data.

A shortened version of the article will appear in the Dec. 16 issue of Forbes magazine (circulation almost 1 million).

I??ve been advocating this new national statistic since writing ??The Structure of Production? (New York University Press), published in 1990. Now it??s finally happening. Steve Forbes calls it a “real breakthrough.” Steve Moore of the Wall Street Journal and Gene Epstein of Barron??s are looking into writing articles on GO. So is the Economist.

Read more about my history-making gross output statistic at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

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.

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