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The Big Three in Economics. Smith, Marx, Keynes
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Author:
Mark SkousenNumber Of Reads:
15
Language:
English
Category:
Social sciencesSection:
Pages:
257
Quality:
excellent
Views:
750
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Book Description
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. In the twenty-first century, Adam Smith's 'invisible hand' model has gained the upper hand, and capitalism has ultimately won the ideological battle over socialism and interventionism. But even in the era of globalization and privatization, Keynesian and Marxist ideas continue to play a significant role in economic policy in the public and private sectors.
Mark Skousen
Mark Andrew Skousen is an American economist and writer. He currently teaches at Chapman University, where he is a Presidential Fellow at The George L. Argyros School of Business and Economics. He has previously taught at Columbia Business School, Mercy College, Barnard College, and Rollins College.
Skousen was an economic analyst for the CIA from 1972 to 1975.He later worked as a consultant for IBM and Hutchinson Technology, and other companies. He was a columnist for Forbes magazine from 1997 to 2001, and has contributed articles to The Wall Street Journal as well as to various libertarian periodicals. He has been a speaker at investment conferences and has lectured for think tanks, From 2008 to 2010 he was a weekly contributor on CNBC's Kudlow & Company and has also appeared on C-SPAN Book TV and Fox News.
Skousen is a proponent of Gross Output (GO), an economic concept used to measure total economic activity in the production of new goods and services in an accounting period. Skousen highlighted the concept in his work, The Structure of Production in 1990.
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