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	<title>Comments on: Mark Skousen on gross output</title>
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	<link>http://www.blagnet.net/2009/02/07/mark-skousen-on-gross-output/</link>
	<description>Discussing libertarian philosophy</description>
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		<title>By: kerrjac</title>
		<link>http://www.blagnet.net/2009/02/07/mark-skousen-on-gross-output/comment-page-1/#comment-1262</link>
		<dc:creator>kerrjac</dc:creator>
		<pubDate>Sat, 14 Feb 2009 16:51:43 +0000</pubDate>
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		<description>Glad you found it helpful. I&#039;ll be curious to learn what you find, b/c outside of Skousen&#039;s work I haven&#039;t seen much else of Gross Output. 

I was originally introduced to the term thru his book &quot;The Making of Modern Economics&quot; (a light read, I&#039;d recommend it to anyone curious about the history of economic thought w/o expertise in the area). 

One suspicion I have - albeit unconfirmed - is that Gross Output hasn&#039;t caught on b/c it underestimates the role of government. In the book, he includes a brief history of the modern use of the GDP, and apparently there was heavy debate about whether to include gov&#039;t expenditures in it. Ultimately they decided to include gov&#039;t activity (which has helped perpetuate the myth that war is good for the economy).</description>
		<content:encoded><![CDATA[<p>Glad you found it helpful. I&#8217;ll be curious to learn what you find, b/c outside of Skousen&#8217;s work I haven&#8217;t seen much else of Gross Output. </p>
<p>I was originally introduced to the term thru his book &#8220;The Making of Modern Economics&#8221; (a light read, I&#8217;d recommend it to anyone curious about the history of economic thought w/o expertise in the area). </p>
<p>One suspicion I have &#8211; albeit unconfirmed &#8211; is that Gross Output hasn&#8217;t caught on b/c it underestimates the role of government. In the book, he includes a brief history of the modern use of the GDP, and apparently there was heavy debate about whether to include gov&#8217;t expenditures in it. Ultimately they decided to include gov&#8217;t activity (which has helped perpetuate the myth that war is good for the economy).</p>
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		<title>By: Francois Tremblay</title>
		<link>http://www.blagnet.net/2009/02/07/mark-skousen-on-gross-output/comment-page-1/#comment-1260</link>
		<dc:creator>Francois Tremblay</dc:creator>
		<pubDate>Sun, 08 Feb 2009 21:24:28 +0000</pubDate>
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		<description>More importantly, why should we care about any such measure?</description>
		<content:encoded><![CDATA[<p>More importantly, why should we care about any such measure?</p>
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