The Big Three in Economics: Adam Smith, Karl Marx, And John Maynard Keynes
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Book Title: The Big Three in Economics: Adam Smith, Karl Marx, And John Maynard Keynes
Author: Mark Skousen
Publisher: M.E. Sharpe (January 30, 2007)
Hardcover: 243 pages
Language: English
ISBN-10: 0765616947
SBN-13: 978-0765616944
Book Description
History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today. 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.
Book Review
A very good an clear book. The author is a fan af Adam Smith and across the book everything is measured through the lenses of Smithian economics. The author is capable of rendering the dismal science an exciting subject. I recommend this book to all interested in understanding how economics ideas are intertwined with history and with everyday’s life. –M. Ferrari (Italy)
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