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The Making of Modern Economics: The Lives and Ideas of the Great Thinkers Paperback – February 28, 2009

ISBN-13: 978-0765622273 ISBN-10: 0765622270 Edition: 2nd

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Product Details

  • Paperback: 494 pages
  • Publisher: M.E.Sharpe; 2 edition (February 28, 2009)
  • Language: English
  • ISBN-10: 0765622270
  • ISBN-13: 978-0765622273
  • Product Dimensions: 9.3 x 7 x 1 inches
  • Shipping Weight: 1.8 pounds (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (17 customer reviews)
  • Amazon Best Sellers Rank: #521,208 in Books (See Top 100 in Books)

Editorial Reviews

Review

THE MAKING OF MODERN ECONOMICS is a reference bible. What an absolutely ideal gift for college students. --The National Review, 06/03/02

About the Author

Mark Skousen has taught economics and finance at Rollins College since 1986. He earned his Ph.D. in economics from George Washington University in 1977. His books include "The Structure of Production," "Economics on Trial," and "Puzzles and Paradoxes in Economics." He is also the editor of "Forecasts and Strategies," a monthly investment newsletter, and a columnist for "Forbes" magazine.

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Customer Reviews

4.6 out of 5 stars
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See all 17 customer reviews
In summary, if you are interested in economics, you will love this book.
Robert Kirk
This book is the most interesting, and most informative of all economics books i have read, put together.
Anandasubramanian
This retrospective of economic history since Adam Smith is easy to read.
Kindle Customer

Most Helpful Customer Reviews

9 of 9 people found the following review helpful By Roger Hanchen on January 12, 2010
Format: Paperback Verified Purchase
Mark Skousen has done the impossible. He has made the history of economics interesting. His fascinating sidenotes bring the great economists to life as real people and in his easy writing style he clearly lays out the evolution of economic thought over the last two centuries. Of great importance to me was his objective presentation of the dichotomy between big government, Keynesian, socialist, marxist economic thought and that of small government, laissez-faire, capitalist and monitarist thinkers. Understanding these ideas is extremely important today. Read this book!!
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5 of 5 people found the following review helpful By J. Bayley on March 18, 2010
Format: Paperback Verified Purchase
This book could (and probably should) be a required text for a college level Economics 101 class. That said, this book stands out as a very approachable work. Skousen introduces the reader to the key principles of competing economic theories in a lively and compelling narrative that traces the development of the discipline from Adam Smith to the present.
Far from being a dry text, it puts the economic concepts and economists in their historical context. The concepts and their relative merits are discussed in some detail but as a reader you do get regular breaks as you are introduced to the players and learn about their lives
If you are curious about economics; if you would like to better understand the principles that underlie many of today's public policy debates and you enjoy reading history or biographies, this is a book that you will find to be entertaining and rewarding.
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5 of 5 people found the following review helpful By Bill Fletcher on September 17, 2011
Format: Paperback Verified Purchase
I rarely rate books. I had to rate this one.

I am someone who came late to finding economics interesting. Having got to that point, I was the proverbial blind man walking around the proverbial elephant, trying to figure out what it is by feeling the trunk or the leg. A bit of Keynes and a bit of Friedman. I needed a map (excuse the mixed metaphors). This book is a wonderful map. How do Smith & Ricardo and Say and Menger and von Mises all fit together, and how did the thinking evolve? And even more relevant: when a politician advocates an economic program, how do I form an opinion for or against? As a non-economist, this book has given me traction on answering that question. So now Bohm-Bawerk is sitting on my bookshelf alongside Rothbard and Keynes, ready for the deeper dive. I know where my opinions fit (for now) in the spectrum from Marx to von Mises.

My thanks to Mark Skousen. I am now reading his "The Structure of Production" - equally fascinating.
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4 of 4 people found the following review helpful By Anandasubramanian on February 15, 2010
Format: Paperback
I have the unabridged Audible version of the book.
Never have i looked so eagerly to finish any book.
This book is the most interesting, and most informative of all economics books i have read, put together.
It is eminently simple, fun and is filled with dry wit and sarcasm many a time.
I hope they make it a text book, as students would love this.
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2 of 2 people found the following review helpful By Richard D. Tuttle on November 20, 2012
Format: Kindle Edition Verified Purchase
I've never read a more clear, concise review of economics. To the point; the author has taken what many others have needlessly complicated, and presented difficult theories with precision and clarity.
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1 of 1 people found the following review helpful By Kindle Customer on December 17, 2012
Format: Paperback Verified Purchase
This retrospective of economic history since Adam Smith is easy to read. This is
remarkable considering any book on economics is generally slow reading due to the
dry subject matter. Mark Skousen is an effective writer and communicator. The
economists included are given a personal treatment regarding their background.
Many were unique characters and events in their lives impacted their economic
theories. My initial reason to read this book was to understand how our
economic world has come to the current era that blends free market principles,
a la, Adam Smith with substantial governmental and central banking intervention.
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1 of 1 people found the following review helpful By Robert Kirk VINE VOICE on October 21, 2011
Format: Paperback
What a wonderful book. It felt and read like a textbook but with a more traditional, conservative look at this fantastic field. Skousen is a talented writer, not too basic and explains the difficult topics in easy to understand ways. I would say this is a great book for an intermediate student since it does go into the people that made the concepts, not just the concepts. The author did a great job of including (I think) all the important players in this field. I was a bit disappointed in the amount of material on Schumpeter but nonetheless, it was a great book. I took several pages of notes which is always a great sign of a wonderful book. In summary, if you are interested in economics, you will love this book.
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1 of 1 people found the following review helpful By Pilot on September 29, 2011
Format: Paperback Verified Purchase
If you have a desire to understand the economy, and how government policy affects you, then read a book that is not written for academics, but for lay people. It starts with Adam Smith, and goes from there. When you're done reading this book, you will be able to intelligently assess what is going on in the economy, and will have formed opinions based in fact about wages, government intervention, the supply of money, unions, tariff wars, etc. And there's many interesting tidbits of information about who some of these economists actually were.
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