
EconoPower
How a New Generation of Economists is Transforming the World
By: Mark Skousen, Arthur Laffer (Foreword by)
Paperback | 17 July 2015 | Edition Number 1
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288 Pages
22.86 x 15.24 x 1.55
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PRAISE FOR ECONOPOWER
"Imagine, economists solving the world's problems! Skousen's breakthrough book bring us up to date on this fascinating development. Visionary economists are showing us creative ways to reduce world poverty, eliminate traffic jams, solve the health care crisis, save more and invest better, make business and labor more productive, improve education, cut crime, and even reduce tensions and establish peace in war-torn regions of the world. We've used some of these techniques at Whole Foods, and they work. Read this book and discover a new brand of economics!" JOHN MACKEY, CEO, Whole Foods Market
"Mark Skousen is an able, imaginative, and energetic economist." MILTON FRIEDMAN, Nobel laureate in economics
"Economics is experiencing a golden age of discovery. Empirical economists are charting the economy and society with a wealth of detailed applied results that truly bear comparison with other epochs of discovery in other sciences." DIANE COYLE, author of The Soulful Science: What Economists Really Do and Why It Matters
"Mark Skousen is one of the best financial economists I know. His books on free-market economics and investing can't be beat. Like me, he's upbeat and optimistic about supply'side/Austrian economics, and has been instrumental in educating students, business people, government leaders, and fellow economists on sound economics and finance. Highly recommended." LARRY KUDLOW, CNBC's Kudlow & Company
"Skousen does a wonderful job explaining how a new generation of economists is making a difference. Economics is no longer the dismal science, but an upbeat, universal science fulfilling ever-expanding needs helping people save and invest better, bringing millions out of poverty, alleviating traffic congestion, making companies more profitable, and helping countries achieve their own economic miracles." ARTHUR B. LAFFER, President, Laffer Associates
Industry Reviews
"... offers practical advice on personal finance matters, earning, saving, investing and retiring, based on the breakthrough contributions of behavioural economics." (Pensions World, July 2008)
"... you can pick up nuggets of insight into behavioural economics, game theory, the flat tax debate, auction theory (particularly good)...." (Financial World, June 2008)
"... check out Mark Skousen's EconoPower.... The book shows how economics has come to influence every aspect of our life." (Sunday Times Ireland Edition, December 18th 2008)
Foreword ix
Acknowledgments xiii
Introduction: A Golden Age of Discovery 1
Part One: Personal Finance: Earning, Saving, Investing, and Retiring 15
Chapter 1: Economist Discovers a Painless Way to Triple Your Savings Rate: The $90 Billion Opportunity 17
Chapter 2: Modern Portfolio Theory: Can You Beat the Market? 25
Chapter 3: Yes, You Can Beat the Market . . . with Less Risk 31
Chapter 4: High-Return Investing: Lessons from Yale's Endowment Fund 41
Chapter 5: How Chile Created a Worker-Capitalist Revolution 47
Chapter 6: The Call for Social Security Reform 53
Chapter 7: $4,000 a Month from Social Security? 57
Chapter 8: How the Private Sector Solved Its Own Pension Crisis 61
Chapter 9: The Four Sources of Happiness: Is Money One of Them? 65
Part Two: Economists Enter the Corporate Boardroom 69
Chapter 10: Improving the Bottom Line with EVA 71
Chapter 11: How Ludwig von Mises Helped Create the Worldâs Largest Private Company 75
Part Three: Solving Domestic Problems 81
Chapter 12: Look, Maâam, No Traffi c Jams! 83
Chapter 13: Patient Power: The New Consumer-Driven Medical Plan 93
Chapter 14: Back to Basics: Competition Enters the Classroom 103
Chapter 15: Chicago Gun Show 107
Chapter 16: Economists Catch Auction Fever 113
Chapter 17: If You Built It Privately . . . They Will Come: The Economics of Sports Stadiums 125
Chapter 18: Who Is Henry Spearman? Economics of the Mystery Novel 131
Part Four: Solving International Problems 135
Chapter 19: Eco-nomics Debate: Angry Planet or Beautiful World? 137
Chapter 20: The Population Bomb: Economists Enter the Malthusian Debate 143
Chapter 21: A Private-Sector Solution to Extreme Poverty 147
Chapter 22: Poverty and Wealth: India versus Hong Kong 153
Chapter 23: How Real Is the Asian Economic Miracle? 157
Chapter 24: Whatever Happened to the Egyptians? 163
Chapter 25: The Irish Economic Miracle: Can We Grow Faster? 167
Chapter 26: The Marginal Tax Revolution: The Laffer Curve Goes Global 171
Chapter 27: The Debate over Economic Inequality: The Rich Get Richer, and the Poor Get . . . 177
Chapter 28: One Graph Says It All: The Development of the Economic Freedom Index 185
Chapter 29: Amazing Graph: Economists Enter Sacred Ground 197
Chapter 30: Peace on Earth, Good Will toward Men: The Case for Religious Competition 201
Part Five: Predicting the Future 205
Chapter 31: New Yale Forecasting Model: Has the Irving Fisher Curse Been Lifted? 207
Chapter 32: Forecasting Elections: Economists Do It Better! 213
Chapter 33: What Drives the Economy and Stocks: Consumer Spending or Business Investment? 217
Chapter 34: The Midas Metal: A Golden Comeback 225
Chapter 35: Is Another Great Depression Possible? 233
Chapter 36: Todayâs Most Influential Economist? 239
Chapter 37: Economics for the 21st Century 243
Notes 247
About the Author 265
Index 267
ISBN: 9781119091868
ISBN-10: 1119091861
Published: 17th July 2015
Format: Paperback
Language: English
Number of Pages: 288
Audience: General Adult
Publisher: Wiley
Country of Publication: US
Edition Number: 1
Dimensions (cm): 22.86 x 15.24 x 1.55
Weight (kg): 0.39
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