The Making of Modern Economics / Edition 2by Mark Skousen
Pub. Date: 02/15/2009
Publisher: Taylor & Francis
Here is a bold history of economics - the dramatic story of how the great economic thinkers built today's rigorous social science. Noted financial writer and economist Mark Skousen has revised and updated this popular work to provide more material on Adam Smith and Karl Marx, and expanded coverage of Joseph Stiglitz, 'imperfect' markets, and behavioral
Here is a bold history of economics - the dramatic story of how the great economic thinkers built today's rigorous social science. Noted financial writer and economist Mark Skousen has revised and updated this popular work to provide more material on Adam Smith and Karl Marx, and expanded coverage of Joseph Stiglitz, 'imperfect' markets, and behavioral economics.This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues through the present day. The text examines the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. To make the work more engaging, boxes in each chapter highlight little-known - and often amusing - facts about the economists' personal lives that affected their work.
- Taylor & Francis
- Publication date:
- Edition description:
- Older Edition
- Product dimensions:
- 6.90(w) x 9.10(h) x 1.10(d)
Table of Contents
List of Figures, Illustrations, Photographs, and Tables; Acknowledgments; Introduction; 1. It All Started With Adam; 2. The French Connection: Laissez Faire Avance!; 3. The Irreverent Malthus Challenges the New Model of Prosperity; 4. Tricky Ricardo Takes Economics Down a Dangerous Road; 5. Milling Around: John Stuart Mill and the Socialists Search for Utopia; 6. Marx Madness Plunges Economics into a New Dark Age; 7. Out of the Blue Danube: Menger and the Austrians Reverse the Tide; 8. Marshalling the Troops: Scientific Economics Comes of Age; 9. Go West, Young Man: Americans Solve the Distribution Problem in Economics; 10. The Conspicuous Veblen Versus the Protesting Weber: Two Critics Debate the Meaning of Capitalism; 11. The Fisher King Tries to Catch the Missing Link in Macroeconomics; 12. The Missing Mises: Mises (and Wicksell) Make a Major Breakthrough; 13. The Keynes Mutiny: Capitalism Faces Its Greatest Challenge; 14. Paul Raises the Keynesian Cross: Samuelson and Modern Economics; 15. Milton's Paradise: Friedman Leads a Monetary Counterrevolution; 16. The Creative Destruction of Socialism: The Dark Vision of Joseph Schumpeter; 17. Dr. Smith Goes to Washington: The Triumph of Market Economics; Index; About the Author.
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Mark Skousen's The Making of Modern Economics intends to provide an interesting layman's approach to economics. He does this by detailing the life stories of the economists as much as their theories. This promotes his objective admirably, but can be slightly maddening if you want more details on the theories themselves. As someone with some understanding of economics, I found it understandable, enlightening and enjoyable. It cleared up some of the details of theories that I didn't quite understand, while introducing me to the thoughts of other, less popular, economists. Criticism: As a Morman, Skousen's descriptions of some of the economists' lives are colored by comparison to his 'clean living" standards. Similarly, some of the personal characteristics that are described as quirks in his free-market heroes are described more derisively in his descriptions of others. Unabashedly free-market.
Nicely written and researched.
A wonderful book to provide a basic understanding of economics. By providing the personal story of key economists along the way the book provides better appreciation of the contributions each made. After reading, I feel better equipped to understand and evaluate points made in the media regarding our current economic problems and solutions.