Business/Investing The Making of Modern Economics: The Lives and Ideas of the Great Thinkers (0765604809)

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Publisher: M.E. Sharpe

Language: English

ISBN: 0765604809

Paperback: 487 pages

Data: April 2001

Format: PDF

Description: Unlike other histories of economics, Mark Skousen's book provides a running plot with a singular heroic figure, Adam Smith, at the left of the discipline. Skousen unites the great thinkers by ranking them for or against Adam Smith and his "system of natural liberty." He shows how Karl Marx, Thorstein Veblen, John Maynard Keynes, and even laissez-faire disciples Robert Malthus and David Ricardo detracted from Smith's classical model of democratic capitalism during periods of economic failure and upheaval, while Alfred Marshall, Irving Fisher, Ludwig von Mises, and Milton Friedman, among others, remodeled and improved upon Smithian economics as the world economy recovered and prospered.

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