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A clash of economic theories continues to dominate into the twentyfirst century. The battle lines are drawn between the Keynesian model of aggregate demand and consumer spending, and the supplyside model of capital investment and saving. Which best reflects the dynamics of the booming global economy? Does aggregate demand determine business activity, new technology, and job creation? Or is economic growth driven by the agents of supplyentrepreneurs, capitalists, and savers? Since its release in 1990, The Structure of Production has been the underground bible for supplyside economics and Austrian macroeconomics, and an analytical tool to explain asset bubbles, commodity inflation, and financial instability.Mark Skousen provides a new introduction that updates his fourstage model with new statistical evidence, applications to textbooks, and historical interpretation. He broadens his industrial model into a universal goodsandservices model; updates his total
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