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Todd G. Buchholz
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New Ideas from Dead Economists: An Introduction to Modern Economic Thought Revised, Subsequent Edition

by Todd G. Buchholz (Author), Martin Feldstein (Foreword)
4.6 out of 5 stars 43 ratings
Featuring brand new sections on the remarkable shifts in the world economy, this economic study is a relevant, entertaining, and fascinating guide for those seeking both a solid lesson on the development of economic theory throughout the past two hundred years and a balanced perspective of our current economic state on the brink of the millennium. By applying age-old economic theories to contemporary issues, Todd Buchholz helps readers to see how the thoughts and writings of the great economists of the past have vital relevance to the dilemmas affecting all our lives today.
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  1. ISBN-10
    0452280524
  2. ISBN-13
    978-0452280526
  3. Edition
    Revised, Subsequent
  4. Publisher
    Plume
  5. Publication date
    April 1, 1999
  6. Language
    English
  7. Dimensions
    5.34 x 0.95 x 7.86 inches
  8. Print length
    352 pages
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New Ideas from Dead Economists: An Introduction to Modern Economic Thought
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Editorial Reviews

Amazon.com Review

Over 150 years ago, Scottish essayist Thomas Carlyle dubbed economics the "dismal science." But it certainly doesn't seem that way in the skillful hands of Todd G. Buchholz, author of New Ideas from Dead Economists. In this revised edition of a book first published in 1989, economics is accessible, relevant, and fascinating. It's even fun--for example, when he uses the cast of Gilligan's Island and Henny Youngman jokes to explain complex economic theories. "Why not have the last laugh on Carlyle by using the dead economists themselves to reverse their bad reputations and to teach the lessons they left to us?"

Buchholz surveys and critiques economic thought from Adam Smith's invisible hand of the 18th century to the depression-fighting ideas of the Keynesians and money-supply concepts of the 20th-century monetarists. He also relates classic economic principles to such modern-day events as the fall of communism, the Asian financial meltdown, and global warming. Buchholz includes plenty of anecdotes about the lives of the great economists: Karl Marx, for instance, was an unkempt slob; David Ricardo, the early-19th-century English politician and economist, was among the rare economists to get rich trading stocks; and Maynard Keynes was so homely his friends called him "Snout." Here's a lively and authoritative read for those interested in the past, present, and future of economics. --Dan Ring

Product details

  • Publisher ‏ : ‎ Plume
  • Publication date ‏ : ‎ April 1, 1999
  • Edition ‏ : ‎ Revised, Subsequent
  • Language ‏ : ‎ English
  • Print length ‏ : ‎ 352 pages
  • ISBN-10 ‏ : ‎ 0452280524
  • ISBN-13 ‏ : ‎ 978-0452280526
  • Item Weight ‏ : ‎ 10.4 ounces
  • Dimensions ‏ : ‎ 5.34 x 0.95 x 7.86 inches
  • Best Sellers Rank: #3,610,470 in Books (See Top 100 in Books)
  • Customer Reviews:
    4.6 out of 5 stars 43 ratings

About the author

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Todd G. Buchholz

Todd G. Buchholz

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Former White House economic advisor, managing director of the legendary Tiger hedge fund, and winner of Harvard's annual teaching prize. Buchholz is a co-producer of the Broadway smash Jersey Boys and the co-writer of the new musical Glory Ride, which will be produced in London in 2017. He frequently appears on TV and radio on PBS, NPR, Fox, CNBC, Charlie Rose, and Bill Maher. Buchholz was named "One of the 21 Top Speakers for the 21st Century" by Successful Meetings magazine and recently gave a speech to two thousand people in LA as the warmup act for Jay Leno. He is passionate about education and has patented the Math Arrow, which makes numbers intuitive to children and is available as a poster on Amazon (goo.gl/4PoVLL). His iPad math games Kyle Counts and Kira Counting Game, can be found at the AppStore (https://goo.gl/sjIOMm).

Buchholz blogs at www.toddbuchholz.com and tweets @EconTodd

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Customer reviews

4.6 out of 5 stars
43 global ratings

Customers say

Customers appreciate the book's chronological history of economic thought and its witty writing style. They find it well-suited for college economics majors, with one customer noting its value for high school students.

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HistoryReading levelWit
4 customers mention "History"4 positive0 negative

Customers appreciate the book's historical content, particularly its chronological presentation of economic thought, with one customer noting its excellent though short description of major trends.

"...Now, to the book itself: it is amusing and informative, but it is seriously misnamed...." Read more

"...He manages to summarize the life of the most distinguished economists and the ideas of all the different schools of thought in economics,..." Read more

"...this book engaging reading and an excellent though short description of the major trends in economic history in the last 200 years...." Read more

"...And this book gives us an introduction of the great economist of the past and present...." Read more

3 customers mention "Reading level"3 positive0 negative

Customers find the book's reading level appropriate, with one mentioning it is mandatory reading for college economics majors, while another notes it is great for high school students.

"...Perfect for readers who study economics, people who love economic history and he who strives to find what makes the world tick...." Read more

"Great for high school students..." Read more

"Mandatory reading for College eco majors..." Read more

3 customers mention "Wit"3 positive0 negative

Customers appreciate the book's wit.

"...will also find it a good read as it is written in a light and witty style. I highly recommend it." Read more

"...Now, to the book itself: it is amusing and informative, but it is seriously misnamed...." Read more

"This is a very fine book. The author presents his work in a very witty way...." Read more

Top reviews from the United States

  • Wei Ho
    5.0 out of 5 stars Great intro to past economic giants
    Reviewed in the United States on November 23, 2004
    Format: PaperbackVerified Purchase
    The previous reviewer has gotten it right on the mark. Capitalism is the best system we have to date. And this book gives us an introduction of the great economist of the past and present. And it help to relate the problems of the past to the problems of the present. Unfortunately, we are still making some of the same disastrous policies of the past today.

    This books starts of with Adam Smith, the father of modern economics. It covers Thomas Malthus, Ricardo, Karl Marx, Keynes, and many more, eventually ending with Milton Friedman.

    The Author Buchholz seems to pay great tribute to Adam Smith, and rightfully so in my opinion. And he speaks of the angry Karl Marx and his doomed policies. Karl Marx speaks of a utopia world that will never exist, simply due to human nature. Adam Smith understood the human nature, the selfish man. Adam Smith was a behaviorist before his publication of The Wealth of Nations. And so fittingly, he found a system that will compliment our human nature and idealism, not destroy it as Marx would.

    Great historical intro to economics!
    One person found this helpful
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  • Avid Reader
    5.0 out of 5 stars A must read...
    Reviewed in the United States on July 25, 2005
    Format: PaperbackVerified Purchase
    This is a very fine book. The author presents his work in a very witty way. He manages to summarize the life of the most distinguished economists and the ideas of all the different schools of thought in economics, emphasizing in their most important theories. These theories are binded together with examples from the real world giving life to ideas that seem dead. Perfect for readers who study economics, people who love economic history and he who strives to find what makes the world tick. I recommend it strongly!
    2 people found this helpful
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  • Justin
    5.0 out of 5 stars Great for high school students
    Reviewed in the United States on August 18, 2011
    Format: PaperbackVerified Purchase
    This is a very readable book for anyone interested in economics and domestic policy in the United States. I read it to prepare for my econ class in high school next year, and it will definitely give me a leg up on the economic way of thought. Make sure you get the most recent edition though!
    2 people found this helpful
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  • burger
    5.0 out of 5 stars Five Stars
    Reviewed in the United States on September 1, 2016
    Format: Mass Market PaperbackVerified Purchase
    Everybody needs to read this book.
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  • Caraculiambro
    3.0 out of 5 stars occasionally excellent
    Reviewed in the United States on March 11, 2005
    Format: PaperbackVerified Purchase
    Note first of all that there are two editions of this book floating around: the one from 1989 and the one from 1999. Both of them have the same covers, the same author, the same everything: but there is a world of difference between the two.

    In short, go with the latter, called (inconspicuously) the "Revised Edition." (Many websites are selling both indiscriminately; Amazon is not -- the one on this page is safe to buy.) The one from 1989 is ridiculously outdated: it still makes many references to the Soviet Union; the dollar is still strong; the Euro has yet to come into existence; the Asian Tigers have yet to rise, etc. It's like watching a TV show from the 70s!

    Now, to the book itself: it is amusing and informative, but it is seriously misnamed. A more accurate -- but not as catchy -- title would have been: "A Precis of Modern Economic Thought via the Ideas of the Great Economists." For that is, ultimately, what you're getting. The ideas are certainly not "new," except perhaps from the point of view of someone who was previously ignorant of them.

    The book proceeds -- in narrative fashion and without graphs -- to give a chronological history of economics by means of the ideas of the great economists. One strong point in the author's approach is that even when you feel he's ardently at variance with an idea whose discussion is required, he is still very fair to it.

    Specialized knowledge of economics, math, or history is not required, and the author does much to keep the book readable.

    Alas! the book gets bogged down in the later stages, when discussing the debate between the Keynesians and the monetarists. It just goes on forever: I don't feel that Buchholz did a particularly noteworthy job of reducing the complexities of this issue for lay readers -- or even making it interesting for them.

    Despite these problems, you will learn something from reading this, unless you are already familiar with the economists and the ideas he discusses. But if that's the case, what you're doing with the book in the first place is beyond me.
    76 people found this helpful
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Top reviews from other countries

  • Singingbowels
    3.0 out of 5 stars Not as good as I had hoped
    Reviewed in the United Kingdom on April 14, 2017
    Format: PaperbackVerified Purchase
    Not as good as I had hoped. A bit turgid, lacks movement and so interest, at times. It is rewarding if you stick with it, though.
    Report