- Audio CD
- Publisher: Blackstone Audio, Inc.; Unabridged 2nd edition (September 1, 2009)
- Language: English
- ISBN-10: 1433293994
- ISBN-13: 978-1433293993
- Product Dimensions: 5.5 x 2 x 6 inches
- Shipping Weight: 15.2 ounces (View shipping rates and policies)
- Average Customer Review: 55 customer reviews
- Amazon Best Sellers Rank: #305,977 in Books (See Top 100 in Books)
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The Making of Modern Economics, SECOND Edition: The Lives and Ideas of the Great Thinkers Unabridged 2nd Edition
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''THE MAKING OF MODERN ECONOMICS is a reference bible. What an absolutely ideal gift for college students.'' --The National Review
''Both fascinating and infuriating...enaging, readable, colorful...credulous, disingenuous, and tendentious.'' --Foreign Affairs
''A story rarely told...It's unputdownable!'' --Mark Blaug, author of Economic Theory in Retrospect
''Provocative, engaging, anything but dismal!'' --N. Gregory Mankiw, Harvard University
''Examines the contributions made by each thinker to the role of economist, the science of economics, and economic theory overall.'' --Booknews
About the Author
MARK SKOUSEN is known as the maverick of economics for his contrarian and optimistic views as well as his sometimes outrageous statements and predictions. He is a college professor, prolific author, and world-renowned speaker.
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I am someone who came late to finding economics interesting. Having got to that point, I was the proverbial blind man walking around the proverbial elephant, trying to figure out what it is by feeling the trunk or the leg. A bit of Keynes and a bit of Friedman. I needed a map (excuse the mixed metaphors). This book is a wonderful map. How do Smith & Ricardo and Say and Menger and von Mises all fit together, and how did the thinking evolve? And even more relevant: when a politician advocates an economic program, how do I form an opinion for or against? As a non-economist, this book has given me traction on answering that question. So now Bohm-Bawerk is sitting on my bookshelf alongside Rothbard and Keynes, ready for the deeper dive. I know where my opinions fit (for now) in the spectrum from Marx to von Mises.
My thanks to Mark Skousen. I am now reading his "The Structure of Production" - equally fascinating.
This book helped me see why? And it helps me
talk to him in ways that make sense. Why? Because
Skousen does such a good job at sharing the evolving
uncertain nature of economics--and the power gained
by being interested in economics.
Brilliant work. A must read for anyone who wants to
be a good citizen of the US, or the planet.
remarkable considering any book on economics is generally slow reading due to the
dry subject matter. Mark Skousen is an effective writer and communicator. The
economists included are given a personal treatment regarding their background.
Many were unique characters and events in their lives impacted their economic
theories. My initial reason to read this book was to understand how our
economic world has come to the current era that blends free market principles,
a la, Adam Smith with substantial governmental and central banking intervention.
Far from being a dry text, it puts the economic concepts and economists in their historical context. The concepts and their relative merits are discussed in some detail but as a reader you do get regular breaks as you are introduced to the players and learn about their lives
If you are curious about economics; if you would like to better understand the principles that underlie many of today's public policy debates and you enjoy reading history or biographies, this is a book that you will find to be entertaining and rewarding.
This book covers an enormous menu of important economic thinkers. A few of the more important figures covered, along with their respective influences, include:
* Adam Smith: the advent of economics, the advance of the growth model of the economy, the attack on mercantilism and the idea that a bunch of agents all individually pursuing selfish goals is good for society as a whole.
* Jean-Baptiste Say: rejects the labor theory of value implicitly advanced by Smith and explicitly advanced by Ricardo, argues the importance of the entrepreneur in a flourishing economy and the famed say's Law of Markets, which argues that production, not consumption, drives the economy.
* Karl Marx: The belief of Capitalism as an exploitative system and the dialectical theory of ongoing class struggles.
* Carl Menger and Eugen Bohm-Bawerk: The birth of the Austrian school of economics. Menger incorporates Aristotelian ideas to present an objective alternative to the labor theory of value. Bohm-Bawerk writes a scathing rebuttal to Marxian economics.
* David Ricardo - the Introduction of the Ricardian vice of placing too much emphasis on abstract mathematical modeling and less on the real-world interactions. Later, Leon Walras places further emphasis on abstract mathematics and less on the underlying interactions.
* Ludwig Von Mises and Friedrich Hayek: The foundation of modern Austrian economics, the movement towards a subjective theory of value and the introduction of Austrian business cycle theory.
* John Maynard Keynes: The emergence of economic justification for deficit spending, the encouragement of big governments, the belief that consumption, not production, drives the economy and the growing Pragmatic emphasis on only thinking in the short-run.
* Paul Samuelson: The spreading of Keynesian economics throughout the United States.
* Milton Friedman: The rise of the Monetarist school and the growing acceptance that poor monetary policy, not capitalism, caused the Great Depression.
* Julian Simon's bet with Thomas Malthus on resource and population economics.
Plus much, much more! Overall this is an amazing book and is a must read for anyone wanting a solid portrait of the history of ideas in economics. My only complaint is that there should have been a chapter on Julian Simon. All of the material on him is a long side-note in the chapter on Thomas Malthus.