17-10-05

Swedish Schumpeter Lecture 2017: GO Beyond GDP!

October 3 Swedish Schumpeter Lecture 2017 took place. Mark Skousen was this year's lecturer and talked about GO, or Gross Output.  GO can serve as complementary measure of GDP and is a broader measure of economic activity. According to Skousen the business sector is considered far more important than consumer spending and government stimulus, which is better reflected in terms of GO.