The Big Three in Economics: Adam Smith, Karl Marx, and John Maynard Keynes: Adam Smith, Karl Marx, and John Maynard Keynes / Edition 1

by Mark Skousen

Overview

History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics. "The Big Three in Economics" traces the turbulent lives and battle of ideas of the three most influential economists in world history: Adam Smith, representing laissez faire; Karl Marx, reflecting the radical socialist model; and John Maynard Keynes, symbolizing big government and the welfare state. Each view has had a significant influence on shaping the modern world, and the book traces the development of each philosophy through the eyes of its creator. In the twenty-first century, Adam Smith's "invisible hand" model has gained the upper hand, and capitalism appears to have won the battle of ideas over socialism and interventionism. But author Mark Skousen shows that, even in the era of globalization and privatization, Keynesian and Marxian ideas continue to play a significant role in economic policy.

Product Details

ISBN-13:	9780765616944
Publisher:	Taylor & Francis
Publication date:	01/15/2007
Edition description:	New Edition
Pages:	256
Product dimensions:	6.00(w) x 9.00(h) x (d)

About the Author

Mark Skousen is a professional economist, investment expert, university professor, and author of over twenty books. Currently he holds the Benjamin Franklin Chair of Management at Grantham University. In 2004–05, he taught economics and finance at Columbia Business School and Columbia University, and from 1986 to 2003, at Rollins College in Florida. Since 1980, Skousen has been editor in chief of Forecasts & Strategies, a popular award-winning investment newsletter. He is also chairman of Investment U, one of the largest investment e-letters in the country, with 300,000 subscribers. He is a former analyst for the CIA, a columnist to Forbes magazine, and past president of the Foundation for Economic Education (FEE) in New York. He has written for the Wall Street Journal, Forbes, and Reason magazine, and has appeared on CNBC, CNN, ABC News, Fox News, and C-SPAN Book TV. His bestsellers include The Making of Modern Economics and The Power of Economic Thinking. In 2006, he compiled and edited The Compleated Autobiography, by Benjamin Franklin. In honor of his work in economics, finance and management, Grantham University renamed its business school “The Mark Skousen School of Business.”Websites: www.markskousen.com; www.mskousen.comEmail address: [e-mail].

Table of Contents

Chapter 1 Adam Smith Declares an Economic Revolution in 1776; Chapter 2 From Smith to Marx; Chapter 3 Karl Marx Leads a Revolt Against Capitalism; Chapter 4 From Marx to Keynes; Chapter 5 John Maynard Keynes; Chapter 6 A Turning Point in Twentieth-Century Economics; Chapter 7 Conclusion;