The Big Three in Economics reveals the battle of ideas among 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. History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics.
"Cut and paste"
Here is a bold, new account of the lives and ideas of the great economists - Adam Smith, Karl Marx, John Maynard Keynes, Ludwig von Mises, Milton Friedman, and many others - all written by a top free-market economist and presented in an entertaining and persuasive style. Professor Mark Skousen tells a powerful story of economics with dozens of anecdotes of the great economic thinkers.
"Don't Let the Author's Bias Scare You Away!"
Here is a bold new history of economics, the dramatic story of how the great economic thinkers built a rigorous social science without peer.
"Interesting & Enjoyable Read"
Benjamin Franklin's autobiography is one of the greatest autobiographies of all time, but it was incomplete. Franklin ended his life's story in 1757, when he was 51. He lived another 33 eventful years, serving as America's advocate in London, Pennsylvania's representative in the Continental Congress, and America's wartime ambassador to France. Now, at last, we get the rest of the story, in Franklin's own words.
From the Chicago School: "This tale is thorough, thoughtful, even-handed, and highly readable. All economists, of whatever school, will find it both instructive and entertaining." - Milton FriedmanFrom the Austrian School:"In this upbeat tale of two schools, Skousen gives us a delightful blend of theory, history, and political science, and shows that there is much common ground and scope for development." - Roger W. Garrison
Mark Skousen has built his impressive reputation as one of the industry's best-known investment advisors by consistently beating the market year after year. Now, he passes along his entire investment philosophy, based on his decades of experience, in a single, one-lesson book.
"A delayed appreciation"
The central message of the Austrian school of economics, writes Mark Skousen in this wide-ranging audiobook, is that economics is about human beings. That outlook has direct implications for financial markets and personal investing. And this is why the Austrian school has had a huge impact Wall Street. A Viennese Waltz Down Wall Street, then, is a tutorial on both economics and investment that sheds new light on both fields. Consider the opening metaphor of the dance.
Saving, budgeting, and investing are keys to creating wealth, but there are many different philosophies about how to approach this essential task. The "investment philosophers" offer systematic beliefs about investing that often parallel other systems of human conduct (e.g. Taoism, the hunter-warrior). The financial economists (e.g. Fisher, Keynes) offer insights about how human behavior is collectively expressed in markets.
"wanted philosophy, this is investment advice"
Richard Epstein and Mark Moller on Kelo, NSA spying, and the Constitution; Salem Ben Nasser Al Ismaily on economic freedom in the Arab world; Mark Skousen on the political predilections of Benjamin Franklin; Robert Enlow on the economic evidence supporting school vouchers; Joel Miller on what big government is costing ordinary Americans; and in this month's Feature, Stephen Davies on the history of liberty in Eurasia.
The power of economic thinking can be explained by seven core principles, which are accountability, investments, economy, incentive, freedom of choice, nondiscrimination, and one price.