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

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M.E. Sharpe, 2007 - Biography & Autobiography - 243 pages
18 Reviews
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.

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Review: The Big Three in Economics: Adam Smith, Karl Marx, and John Maynard Keynes

User Review  - Von Sowards - Goodreads

I was really impressed with how the author built up the three act play in his book even though it was not a novel. But I guess that is not really what the book's greatest achievement is. As an amateur ... Read full review

Review: The Big Three in Economics: Adam Smith, Karl Marx, and John Maynard Keynes

User Review  - Ash Morrigan - Goodreads

Very clear and very informative, until I got to the Keynesian section and then I was just bottled by margins and other jargon. I think the author made a case against Keynesian economics at the end ... Read full review

Contents

The Rise and Fall
46
Karl Marx Leads a Revolt Against Capitalism
64
Scientific Economics
105
Copyright

5 other sections not shown

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About the author (2007)

Mark Skousen is Benjamin Franklin Chair of Management at Grantham University. In 2004-05, he taught economics and finance at Columbia Business School and Columbia University. He is the editor-in-chief of the investment newsletter "Forecasts and Strategies", and the author of several books, including "The Making of Modern Economics" and "The Power of Economic Thinking".

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