Mark Andrew Skousen (; born October 19, 1947) is an American

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

and writer. He currently teaches at

Chapman University Chapman University is a private research university in Orange, California. It encompasses ten schools and colleges, including Fowler School of Engineering, Dodge College of Film and Media Arts, Fowler School of Law, and Schmid College of Scie ...

, where he is a Presidential Fellow at The George L. Argyros School of Business and Economics. He has previously taught at Columbia Business School, Mercy College, Barnard College, and Rollins College.

Early life, education and family

Skousen was born on October 19, 1947, in

San Diego, California San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the eighth most populous city in the United States ...

, and grew up in

Portland, Oregon Portland (, ) is a port city in the Pacific Northwest and the largest city in the U.S. state of Oregon. Situated at the confluence of the Willamette and Columbia rivers, Portland is the county seat of Multnomah County, the most populous co ...

. Conservative political commentator and survival strategist

Joel Skousen Joel M. Skousen (; born September 22, 1946) is a political commentator on the philosophy of law and Constitutional theory. History Skousen, born in San Diego and raised in Oregon, served as a USMC fighter pilot during the Vietnam Era. During ...

and linguist

Royal Skousen Royal Jon Skousen (; born August 5, 1945) is a retired professor of linguistics and English at Brigham Young University (BYU), where he is editor of the Book of Mormon Critical Text Project. He is "the leading expert on the textual history of th ...

are his older brothers. He is the nephew of

W. Cleon Skousen Willard Cleon Skousen (; January 20, 1913 – January 9, 2006) was an American Conservatism in the United States, conservative author with the John Birch Society and a faith-based conspiracy theorist. A notable anti-communist and suppor ...

, the conservative author and faith-based political theorist. Mark Skousen earned his

B.A. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four years ...

and Master's degree in economics from

Brigham Young University Brigham Young University (BYU, sometimes referred to colloquially as The Y) is a private research university in Provo, Utah. It was founded in 1875 by religious leader Brigham Young and is sponsored by the Church of Jesus Christ of Latter-day ...

and his

Ph.D. A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is a ...

economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

from

George Washington University , mottoeng = "God is Our Trust" , established = , type = Private federally chartered research university , academic_affiliations = , endowment = $2.8 billion (2022) , preside ...

in 1977. Skousen is a member of

the Church of Jesus Christ of Latter-day Saints The Church of Jesus Christ of Latter-day Saints, informally known as the LDS Church or Mormon Church, is a Nontrinitarianism, nontrinitarian Christianity, Christian church that considers itself to be the Restorationism, restoration of the ...

. He, his wife Jo Ann, and their five children have lived in

Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

;

Nassau, Bahamas Nassau ( ) is the capital and largest city of the Bahamas. With a population of 274,400 as of 2016, or just over 70% of the entire population of the Bahamas, Nassau is commonly defined as a primate city, dwarfing all other towns in the country. ...

;

London, England London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major s ...

;

Orlando, Florida Orlando () is a city in the U.S. state of Florida and is the county seat of Orange County, Florida, Orange County. In Central Florida, it is the center of the Greater Orlando, Orlando metropolitan area, which had a population of 2,509,831, acco ...

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

and

Orange Orange most often refers to: *Orange (fruit), the fruit of the tree species '' Citrus'' × ''sinensis'' ** Orange blossom, its fragrant flower *Orange (colour), from the color of an orange, occurs between red and yellow in the visible spectrum * ...

California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...

Career

Skousen was an economic analyst for the

CIA The Central Intelligence Agency (CIA ), known informally as the Agency and historically as the Company, is a civilian intelligence agency, foreign intelligence service of the federal government of the United States, officially tasked with gat ...

from 1972 to 1975. He later worked as a

consultant A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting servic ...

for IBM and Hutchinson Technology, and other companies. He was a columnist for ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

'' magazine from 1997 to 2001, and has contributed articles to ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' as well as to various

libertarian Libertarianism (from french: libertaire, "libertarian"; from la, libertas, "freedom") is a political philosophy that upholds liberty as a core value. Libertarians seek to maximize autonomy and political freedom, and minimize the state's e ...

periodicals A periodical literature (also called a periodical publication or simply a periodical) is a published work that appears in a new edition on a regular schedule. The most familiar example is a newspaper, but a magazine or a Academic journal, journal ...

. He has been a speaker at investment conferences and has lectured for

think tank A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmenta ...

s, From 2008 to 2010 he was a weekly contributor on

CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...

's ''

Kudlow & Company ''The Kudlow Report'' was a news television program about business and politics hosted by Larry Kudlow, that aired on the CNBC television channel at 7pm ET until March 28, 2014. The show began airing on January 26, 2009. It was a successor to '' ...

'' and has also appeared on

C-SPAN Cable-Satellite Public Affairs Network (C-SPAN ) is an American cable and satellite television network that was created in 1979 by the cable television industry as a nonprofit public service. It televises many proceedings of the United States ...

Book TV and Fox News. Skousen has been the editor of the ''Forecasts & Strategies'' financial newsletter since 1980. He also is the editor of four trading services (''Five Star Trader,'' ''High-Income Alert'', ''Fast Money Alert,'' and ''The 1600 Alert''.) and publishes the ''Investor CAFÉ'' weekly electronic newsletter''.''

Economics

Skousen is a proponent of

Gross Output In economics, gross output (GO) is the measure of total economic activity in the production of new goods and services in an accounting period. It is a much broader measure of the economy than gross domestic product (GDP), which is limited mainly t ...

(GO), an economic concept used to measure total economic activity in the production of new goods and services in an accounting period. Skousen highlighted the concept in his work, ''The Structure of Production'' in 1990.

Lecturing

Skousen has lectured on economics and finance at

Columbia Business School Columbia Business School (CBS) is the business school of Columbia University, a Private university, private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and is one ...

Barnard College Barnard College of Columbia University is a private women's liberal arts college in the borough of Manhattan in New York City. It was founded in 1889 by a group of women led by young student activist Annie Nathan Meyer, who petitioned Columbia ...

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...

, Mercy College in

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

Rollins College Rollins College is a private college in Winter Park, Florida. It was founded in November 1885 and has about 30 undergraduate majors and several graduate programs. It is Florida's fourth oldest post-secondary institution. History Rollins Colle ...

Winter Park, Florida Winter Park is a city in Orange County, Florida, United States. The population was 30,183 according to the 2022 census population estimate. It is part of the Orlando–Kissimmee–Sanford, Florida Metropolitan Statistical Area. Winter Park was fo ...

and

. In April 2005, distance education provider

Grantham University University of Arkansas Grantham (UA Grantham) is a public online university based in Little Rock, Arkansas. Founded in 1951 as Grantham Radio License School, it would eventually be renamed Grantham University. The then- for-profit school offered ...

renamed its online School of Business "The Mark Skousen School of Business." He currently teaches at

and has been named a "Presidential Fellow" at Chapman University from 2014 to 2017.

Awards and recognition

In 2018, Skousen was awarded a Triple Crown in Economics by Steve Forbes for his work in economic theory, history and education.

Economic and political activities

Presidency at FEE

Skousen served as president of the free market nonprofit

Foundation for Economic Education The Foundation for Economic Education (FEE) is an American conservative, libertarian economic think tank. Founded in 1948 in New York City, FEE is now headquartered in Atlanta, Georgia. It is a member of the State Policy Network. FEE offers pub ...

(FEE) from 2001 to 2002. Skousen's brief tenure as president of

FEE A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in the United Kingdom (and previously the Republic of Ireland) receive a fee in contra ...

ended on a controversial note when he resigned in late 2002 at the request of the organization's board of trustees. This move followed Skousen's decision to invite, as keynote speaker for FEE's annual Liberty Banquet,

Mayor

Rudy Giuliani Rudolph William Louis Giuliani (, ; born May 28, 1944) is an American politician and lawyer who served as the 107th Mayor of New York City from 1994 to 2001. He previously served as the United States Associate Attorney General from 1981 to 198 ...

. Giuliani proved to be an extremely unpopular choice among many of the organization's board members as well as several prominent libertarians.

Written works

Academic books * ''The Structure of Production'' (New York University Press, 1990) * ''Economics on Trial'' (Irwin McGraw Hill, 1991; 2nd edition, 1993) Translated into Japanese. * ''Dissent on Keynes'', editor (Praeger Publishing, 1992) * ''Puzzles and Paradoxes in Economics'', co-authored with Kenna C. Taylor (

Edward Elgar Sir Edward William Elgar, 1st Baronet, (; 2 June 1857 – 23 February 1934) was an English composer, many of whose works have entered the British and international classical concert repertoire. Among his best-known compositions are orchestr ...

, 1997) Translated into Korean and Chinese * ''Economic Logic'' (Capital Press, 2000, 2008, 2011, 2014). Fourth Edition includes chapters on macroeconomics and government policy, as well as microeconomics with Carl Menger's "theory of the good" and the profit-and-loss income statement to explain the dynamics of the market process, entrepreneurship, and the advantages of saving. Translated into Chinese by Shanghai University of Finance and Economics Press * ''The Making of Modern Economics'' (M. E. Sharpe Publishers, 2001, 2009) Winner 2009 Choice Outstanding Academic Title. Now in its second printing; translated into Chinese, Turkish, Mongolian, Spanish and Polish * ''The Power of Economic Thinking'' (Foundation for Economic Education, 2002) Translated into Chinese by Shanghai University of Finance and Economics Press * ''Vienna and Chicago: Friends or Foes? A Tale of Two Schools of Free-Market Economics'' (Capital Press, 2005) Translated into Chinese * ''The Completed Autobiography by Benjamin Franklin'', compiled and edited by Mark Skousen (Regnery Books, 2006) Regnery Publishing has also published in paperback the original ''Autobiography'' by Benjamin Franklin, edited with a new introduction by Mark Skousen, as Vol. I (1706–1757) and ''The Completed Autobiography by Benjamin Franklin'' as Vol. II (1757–1790) * ''The Big Three in Economics: Adam Smith, Karl Marx and John Maynard Keynes'' (M. E. Sharpe, 2007) * ''EconoPower: How a New Generation of Economists Is Transforming the World'' (Wiley & Sons, 2008) Translated into Korean & Portuguese * ''High Finance on a Low Budget'' (Bantam Books, 1981, Dearborn, 1993), co-authored with Jo Ann Skousen * ''The Complete Guide to Financial Privacy'' (Simon & Schuster, 1983) * ''The Investor's Bible: Mark Skousen's Principles of Investment'' (Phillips Publishing, 1992) * ''Secrets of the Great Investors'', editor, audio tape series, narrated by Louis Rukeyser (Knowledge Products, 1997, 2006) * ''The New Scrooge Investing'' (McGraw Hill, 2000) * ''Investing in One Lesson'' (Regnery Publishing, Inc, 2007) * ''Maxims of Wall Street'' (Skousen Publishing, Inc 2011) * ''A Viennese Waltz Down Wall Street'' (Laissez Faire Books, 2013) Academic journal articles * "Saving the Depression: A New Look at World War II," ''Review of Austrian Economics'', 1987, vol. 2, No. 1 * "A Review of the New Palgrave," ''Review of Austrian Economics'', 1988, vol. 3, No. 1 * "The Perseverance of Paul Samuelson's Economics," ''

Journal of Economic Perspectives The ''Journal of Economic Perspectives'' (JEP) is an economic journal published by the American Economic Association. The journal was established in 1987. It is very broad in its scope. According to its editors its purpose is: #to synthesize and ...

'' vol. 11, No. 2 (Spring, 1997), 137–152 * "GO Beyond GDP: Introducing a New National Income Statistic," (presented at the "Macro Lunch", Columbia Business School, paper to be submitted to American Economic Review) * "What Drives the Economy: Consumer Spending or Saving/Investment? Using GDP, Gross Output and Other National Income Statistics to Determine Economic Performance," ''Backgrounder'', 2004, Initiative for Policy Dialogue, * "Gross Domestic Expenditures (GDE): The Case for New National Aggregate Statistic", 2012, a working paper at University College of London Articles in edited volumes * "The Great Depression," ''The Elgar Companion to Austrian Economics'', ed. Peter J. Boettke. Hants, England: Edward Elgar, 1994 * "Financial Economics," ''The Elgar Companion to Austrian Economics'', ed. Peter J. Boettke. Hants, England: Edward Elgar, 1994 * "Say's Law, Growth Theory, and Supply Side Economics," ''Two Hundred Years of Say's Law'', ed. Steven Kates. Hants, England: Edward Elgar, 2003 * *

References

External links

* *
Mark Skousen
at

Ludwig von Mises Institute Ludwig von Mises Institute for Austrian Economics, or Mises Institute, is a libertarian nonprofit think tank headquartered in Auburn, Alabama, United States. It is named after the Austrian School economist Ludwig von Mises (1881–1973). It wa ...

{{DEFAULTSORT:Skousen, Mark 1947 births Living people 21st-century American economists American economics writers American finance and investment writers American investors American Latter Day Saints American libertarians American male non-fiction writers American textbook writers Austrian School economists Brigham Young University alumni Columbia University faculty Economists from Oregon Foundation for Economic Education Columbian College of Arts and Sciences alumni Libertarian economists Mercy College (New York) faculty Rollins College faculty Voluntaryists Writers from Portland, Oregon