Description: Here is a bold, updated 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 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 effected their work.
List of Figures, Illustrations, Photographs, and Tables
1. It All Started With Adam
Comment(s): "A story rarely told. It's unputdownable!" -- Mark Blaug, University of Amsterdam (on the previous edition)
"Provocative, engaging, anything but dismal." -- N. Gregory Mankiw, Harvard University (on the previous edition)
"One of the most original books ever published in economics." -- Richard Swedberg, University of Stockholm (on the previous edition)
"Lively, accurate, a sure bestseller." -- Milton Friedman, Hoover Institution (on the previous edition)
"Skousen gets the story 'right' and does it in an entertaining fashion, without dogmatic ranting." -- Peter Boettke, George Mason University (on the previous edition)
"I couldn't put it down! ... Humor permeates the book and makes it accessible like no other history. It will set a standard." -- Steven Kates, Chief Economist, Australian Chamber of Commerce (on the previous edition)
"A glorious exception to dry history of thought books. I am urging my students and colleagues to read it." -- Richard Vedder, Ohio University
"Mark's book is fun to read on every page. I love this book and have recommended it to dozens of my friends." -- John Mackey, CEO/President, Whole Food Market (on the previous edition)
Review(s): "With a supreme, lively blend of economics and sociology of economics, Skousen has magnificently managed to put flesh, blood, and DNA on the skeleton of economics in this survey of great economic thinkers. [This] new work is must reading for economists who want to acquire professional depth and richness. Essential. All economics collections and all levels of readers." -- Choice
"Both fascinating and infuriating. Engaging, readable, colorful." -- Foreign Affairs (on the previous edition)
"Lively... amazing... and good quotations!" -- Journal of Economic Perspectives (on the previous edition)