This is a good book for starters. “The Big Three in Economics” is a book for those of you who would like to know more about economics and which types for you.
The Book starts with Adam Smith who wrote the “The Wealth of Nations.” Adam Smith is considerted the founder of what is know today a Classical Economics. The author take you though the life of Adam Smith and some of his well know followers. All of which helped to expound on the ideas in “The Wealth of Nations.” To think that “The Wealth of Nations” was written in 1776 with many principles the the United States was founded on.
Next Mark Skousen take us to Karl Marx and his writings that led to Communism. I have tired to read the “The Communist Manifesto” but some of the term are used, are not very American. So I had to stop and think who he is referring to, it just annoyed me. If you look into there lives you can understand why they had certain preferences. One of his other books “Das Kapital” was also refereed to.
Then the final ideology in Economics Keynesian. American embraced Keynesian from the second Roosevelt to Carter. Where the economy started to falter with stagflation which then we turned to Classical Economics till the the Second Bush and back to Keynesian which we are following now.
These are all Marco-Economics types each does have it merits. Some work better then other just depends on your point of view. Each has it own ideas of how to use and manipulate the money supply. (Increase in the money supply increases inflation) Check the inflation rate Click here.
I do have my preference and that is Classical. Once governments gets to large it spends mine and yours money with a lot of waste.
Please check out my review at http://passiveinvestor.com/recommended-books/the-big-three/
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