Mark Skousen

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Mark Skousen
Mark Andrew Skousen

(1947-10-19) October 19, 1947 (age 76)
SpouseJo Ann
Academic career
School or
Austrian School of Economics
Alma materBrigham Young University (B.A.)
Brigham Young University (M.A.)
George Washington University (Ph.D.)
InfluencesAdam Smith
Karl Marx
John Maynard Keynes
Ludwig von Mises
W. Cleon Skousen

Mark Andrew Skousen (/ˈskzən/; born October 19, 1947) is an American economist and writer. He currently teaches at Chapman University,[1] where he is since 2022 a Doti-Spogli Chair in Free Enterprise[2] at The George L. Argyros School of Business and Economics. He has previously taught at Columbia Business School,[3] Mercy College, Barnard College, and Rollins College.

Early life, education and family[edit]

Skousen was born on October 19, 1947, in San Diego, California, and grew up in Portland, Oregon. Conservative political commentator and survival strategist Joel Skousen and linguist Royal Skousen are his older brothers. He is the nephew of W. Cleon Skousen, the political conservative and activist. Mark Skousen earned his B.A. and Master's degree in economics from Brigham Young University and his Ph.D. in economics from George Washington University in 1977.

Skousen is a member of the Church of Jesus Christ of Latter-day Saints.[4] He, his wife Jo Ann, and their five children have lived in Washington, D.C.; Nassau, Bahamas;[5] London, England; Orlando, Florida, New York City and Orange, California.


Skousen was an economic analyst for the CIA from 1972 to 1975.[6] He later worked as a consultant for IBM and Hutchinson Technology, and other companies.[7] He was a columnist for Forbes magazine from 1997 to 2001, and has contributed articles to The Wall Street Journal as well as to various libertarian periodicals. He has been a speaker at investment conferences and [8] has lectured for think tanks,[9] From 2008 to 2010 he was a weekly contributor on CNBC's Kudlow & Company and has also appeared on C-SPAN 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.


Skousen is a proponent of Gross Output (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.[10]


Skousen has lectured on economics and finance at Columbia Business School,[11] Barnard College at Columbia University, Mercy College in New York, Rollins College[12] in Winter Park, Florida and Chapman University[13] in Orange, California. In April 2005, distance education provider Grantham University renamed its online School of Business "The Mark Skousen School of Business."[14][15] He currently teaches at Chapman University and has been named a "Presidential Fellow" at Chapman University from 2014 to 2017.

Awards and recognition[edit]

In 2018, Skousen was awarded a Triple Crown in Economics by Steve Forbes for his work in economic theory, history and education.[16][17]

Economic and political activities[edit]

Presidency at FEE[edit]

Skousen served as president of the free market nonprofit Foundation for Economic Education (FEE) from 2001 to 2002.

Skousen's brief tenure as president of FEE 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, New York City Mayor Rudy Giuliani. Giuliani proved to be an extremely unpopular choice among many of the organization's board members as well as several prominent libertarians.[why?]


During his tenure at FEE, Skousen launched a non-partisan, libertarian conference, then titled "FEEFest," which premiered in Las Vegas in 2002. After Skousen left the presidency at FEE, the conference continued as "FreedomFest," first under the purview of Young America's Foundation, and later, under Skousen's own direction and ownership.[18]

Written works[edit]

Academic books

  • The Structure of Production (New York University Press, 1990) ISBN 0-8147-7895-X
  • Economics on Trial (Irwin McGraw Hill, 1991; 2nd edition, 1993) ISBN 1-55623-372-8 Translated into Japanese.
  • Dissent on Keynes, editor (Praeger Publishing, 1992) ISBN 027593778X
  • Puzzles and Paradoxes in Economics, co-authored with Kenna C. Taylor (Edward Elgar, 1997) ISBN 1840640499 Translated into Korean and Chinese
  • Economic Logic (Capital Press, 2000, 2008, 2011, 2014). ISBN 1621572226 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) ISBN 0765622270 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) ISBN 1572462019 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) ISBN 0895260298 Translated into Chinese [19]
  • The Completed Autobiography by Benjamin Franklin, compiled and edited by Mark Skousen (Regnery Books, 2006) ISBN 0895260336 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) ISBN 0765616947
  • EconoPower: How a New Generation of Economists Is Transforming the World (Wiley & Sons, 2008) ISBN 0470138076 Translated into Korean & Portuguese
  • High Finance on a Low Budget (Bantam Books, 1981, Dearborn, 1993), co-authored with Jo Ann Skousen ISBN 079312557X
  • The Complete Guide to Financial Privacy (Simon & Schuster, 1983) ISBN 0932496113
  • 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) ISBN 078616526X
  • The New Scrooge Investing (McGraw Hill, 2000) ASIN B000QCTONQ
  • Investing in One Lesson (Regnery Publishing, Inc, 2007) ISBN 1596985224
  • Maxims of Wall Street (Skousen Publishing, Inc 2011) ISBN 1596982985
  • A Viennese Waltz Down Wall Street (Laissez Faire Books, 2013) ISBN 1621290921

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 vol. 11, No. 2 (Spring, 1997), 137–152 JSTOR 2138240
  • "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,[20]
  • "Gross Domestic Expenditures (GDE): The Case for New National Aggregate Statistic", 2012, a working paper at University College of London [21]

Articles in edited volumes


  1. ^ "Chapman University Faculty Page". Chapman University. Retrieved November 10, 2019.
  2. ^ Metzger, Cerise Valenzuela (2022-08-12). "Presidential Fellow Mark Skousen named Doti-Spogli Chair in Free Enterprise at Chapman University". Chapman Newsroom. Retrieved 2023-11-29.
  3. ^ "Whole Foods Founder Offers New Business Paradigm". Columbia Business School. March 31, 2004. Retrieved July 20, 2018.
  4. ^ "Mark Skousen".
  5. ^ "Former CIA Analyst Shares his Thoughts on the Bahamas Economy". Bahamas Local. January 21, 2010.
  6. ^ "Five Minutes with Ex-CIA Economist Mark Skousen, Chief Proponent of Gross Output & Founder of FreedomFest". HuffPost. 2017-10-19. Retrieved 2023-10-01.
  7. ^ "TownHall". TownHall. July 1, 2017. Archived from the original on July 6, 2017. Retrieved July 1, 2017.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  8. ^ "MoneyShow : About Us". Retrieved 2016-03-30.
  9. ^ "Cato Institute | Individual Liberty, Free Markets, and Peace". Retrieved 2016-03-30.
  10. ^ Skousen, Mark (1990). The Structure of Production. New York University Press. ISBN 978-0814778951.
  11. ^ School, Columbia Business (September 13, 2007). "Whole Foods Founder Offers New Business Paradigm". The Sanford C. Bernstein & Co. Center for Leadership and Ethics. {{cite web}}: |first= has generic name (help)
  12. ^ "Econ 101: Is this the Best Way to Teach Economics?". Federal Reserve Bank of Minneapolis. July 1, 2017. Archived from the original on June 28, 2017. Retrieved July 1, 2017.
  13. ^ "Chapman University/Our Faculty". July 1, 2017.
  14. ^ "Grantham University In the News". April 5, 2005.
  15. ^ "Online Mark Skousen School of Business". Archived from the original on 2010-05-27. Retrieved 2016-03-30.
  16. ^ "Chapman Presidential Fellow Awarded Triple Crown in Economics". Chapman University. July 23, 2018. Retrieved August 13, 2018.
  17. ^ Schoolland, Ken (October 17, 2017). "Mark Skousen's Contributions to Economics". The Cobden Centre. Retrieved August 13, 2018.
  18. ^ "Five Minutes with Ex-CIA Economist Mark Skousen, Chief Proponent of Gross Output & Founder of FreedomFest". HuffPost. 2017-10-19. Retrieved 2023-10-01.
  19. ^ Review by: Russell Pittman JSTOR 25511244
  20. ^ "IPD's Capacity Building and Journalism Program; Economic Journalism Training". Archived from the original on February 6, 2005. Retrieved August 24, 2007.
  21. ^ "UCL School of Slavonic and East European Studies (SSEES)" (PDF). 2011-03-22. Retrieved 2016-03-30.

External links[edit]