"The next economics will have to be centered on supply and the factors of production rather than being functions of demand. I've read Mark Skousen's book twice, and it comes the closest to achieving this goal."--Peter F. Drucker, Claremont Graduate University"Skousen's Structure of Production should be a required text at our leading universities. The book masterfully juxtaposes the ideas of the 'Austrians' against mainstream economics yet it is balanced, fair, well written and clearly illustrated. It is an important book ...
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"The next economics will have to be centered on supply and the factors of production rather than being functions of demand. I've read Mark Skousen's book twice, and it comes the closest to achieving this goal."--Peter F. Drucker, Claremont Graduate University"Skousen's Structure of Production should be a required text at our leading universities. The book masterfully juxtaposes the ideas of the 'Austrians' against mainstream economics yet it is balanced, fair, well written and clearly illustrated. It is an important book for students of economics and a treasure for academics."--John O. Whitney, Emeritus Professor in Management Practice at Columbia University. A clash of economic theories continues to dominate into the twenty-first century. The battle lines are drawn between the Keynesian model of aggregate demand and consumer spending, and the supply-side model of capital investment and saving. Which best reflects the dynamics of the booming global economy? Does aggregate demand determine business activity, new technology, and job creation? Or is economic growth driven by the agents of supply-entrepreneurs, capitalists, and savers? Since its release in 1990, The Structure of Production has been the underground bible for supply-side economics and Austrian macroeconomics, and an analytical tool to explain asset bubbles, commodity inflation, and financial instability.Mark Skousen provides a new introduction that updates his four-stage model with new statistical evidence, applications to textbooks, and historical interpretation. He broadens his industrial model into a universal goods-and-services model; updates his "total spending" statistic (now GRE); and applies his time-structural modelto recent financial events and government policies. Skousen also introduces new diagrams and models to improve pedagogy in the classroom: the "n
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Seller's Description:
Very good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority!
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Good. Connecting readers with great books since 1972! Used textbooks may not include companion materials such as access codes, etc. May have some wear or writing/highlighting. We ship orders daily and Customer Service is our top priority!
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Near Fine in Very Good jacket. A Near Fine copy in blue cloth lettered in gold, in a Very Good dust jacket showing sun-fading to the background at the spine panel (not affecting the lettering).
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Fine in fine dust jacket. Signed by previous owner. Sewn binding. Cloth over boards. 415 p. Contains: Illustrations. Audience: General/trade. previous owner's name. Clean, tight pages. No bent corners.
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Very good. A well-cared-for item that has seen limited use but remains in great condition. The item is complete, unmarked, and undamaged, but may show some limited signs of wear. Item works perfectly. Pages are intact and not marred by notes or highlighting. The spine is undamaged.
