“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).