Saturday, October 17, 2009

What Drives the Economy? C, I, or G?

The GMU Economics Society invites you to join a lecture, lunch, and discussion with Dr. Mark Skousen on Friday, October 23rd at 12pm in the JC Meeting Room "A."

"What Drives the Economy: C, I or G?" What will it take to get the economy going again? Is the key renewed consumer spending, government spending, or business hiring workers and investing in new capital? Dr. Mark Skousen, former Columbia University professor, addresses this fundamental debate, and demonstrates the surprisingly evidence that consumption is the effect, not the cause, of prosperity, and the popular idea that consumer spending accounts for 70% of the nation's economy and is a leading economic indicator is largely a myth.

Be sure to join the GMU Economics Society in this lecture & free lunch.

Check out the facebook event for more details:

Mark Skousen (Ph. D., George Washington University) has a unique background of having worked in four areas of the economy: He has taught in the academic world (Columbia Business School, Barnard College, Mercy College, and Rollins College); worked for the government (the CIA in the early 1970s); run a non-profit organization (FEE, the oldest free-market think tank); and operated several successful businesses (publishing and FreedomFest, his annual show in Las Vegas). Currently he teaches a special course in economics at Sing Sing penitentiary. Since 1980, he has been editor in chief of Forecasts & Strategies, an award-winning investment newsletter, and editor of three trading services. He has been a columnist for Forbes magazine, and has written for the Wall Street Journal, Christian Science Monitor, and the Journal of Economic Perspectives, and is a frequent contributor to CNBC’s Kudlow & Co. He is the author of 25 books, including The Making of Modern Economics and Investing in One Lesson. He and his family have lived in Washington, DC; Nassau, the Bahamas; London; Orlando; and New York. He has lived in eight countries, traveled and lectured in 71 countries. In honor of his work, Grantham University renamed its B school "The Mark Skousen School of Business," where he holds the Benjamin Franklin Chair of Management.


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