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Mark Skousen - The Making of Modern Economics: The Lives and Ideas of the Great Thinkers

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Mark Skousen The Making of Modern Economics: The Lives and Ideas of the Great Thinkers
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This book presents a bold, engaging and updated history of economics--the dramatic story of how the great economic thinkers built todays rigorous social science. Noted financial writer and economist Mark Skousen has revised this popular work, now in its third edition.
This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues through the present day. The text examines the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. Boxes in each chapter highlight little-known and entertaining facts about the economists personal lives that had an influence on their work.

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The Making of Modern Economics This book presents a bold engaging and - photo 1
The Making of Modern Economics

This book presents a bold, engaging and updated history of economicsthe dramatic story of how the great economic thinkers built todays rigorous social science. Noted financial writer and economist Mark Skousen has revised this popular work, now in its third edition.

This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues through to the present day. The text examines the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. Boxes in each chapter highlight little-known and entertaining facts about the economists personal lives that had an influence on their work.

Mark Skousen is an investment expert, economist, university professor, and author of more than 20 books. He earned his Ph.D. in monetary economics at George Washington University in 1977. He has taught economics and finance at Columbia Business School, Columbia University, Grantham University, Barnard College, Mercy College, Rollins College and as a Presidential Fellow at Chapman University.

The Making of Modern Economics

The Lives and Ideas of the Great Thinkers

THIRD EDITION

Mark Skousen

First published 2016 by Routledge 711 Third Avenue New York NY 10017 - photo 2

First published 2016
by Routledge
711 Third Avenue, New York, NY 10017

and by Routledge
2 Park Square, Milton Park, Abingdon, Oxon, OX14 4RN

Routledge is an imprint of the Taylor & Francis Group, an informa business

2016 Taylor & Francis

The right of Mark Skousen to be identified as author of this work has been asserted by him in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988.

All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.

Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.

First edition published in 2001 by M.E. Sharpe.
Second edition published in 2009 by M.E. Sharpe.

Library of Congress Cataloging in Publication Data
A record has been applied for

ISBN: 978-0-7656-4712-2 (hbk)
ISBN: 978-0-7656-4544-9 (pbk)
ISBN: 978-1-315-71870-5 (ebk)

Typeset in Times Roman
by ET Lowe Publishing Co.

Contents

No ones work is entirely his own and in the case of this work, I want to especially thank two writers for their influence on my writing: first, John Chamberlain for his pioneering book The Roots of Capitalism , and inspiring account of economic ideas; and second, my uncle, W. Cleon Skousen, who transformed my thinking about Adam Smith and his profound doctrines of the invisible hand and natural liberty. I wish I could achieve the felicity of expression of these two authors.

In writing a history of ideas, it is always vital to seek the counsel of wise authorities. In addition to the above, I wish to thank the following, who helped with the first edition: Harry Becker (University of Chicago), Mark Blaug (University of Amsterdam), Don Boudreaux (George Mason University), William Breit (Trinity University), Eamonn Butler (Adam Smith Institute), Bruce Caldwell (University of North Carolina), David Colander (Middlebury College), Peter Drucker (Claremont College), Richard Ebeling (Trinity College), Ken Elzinga (University of Virginia), Milton Friedman (Hoover Institution), Roger Garrison (Auburn University), Robert Heilbroner (New School for Social Research), Robert Higgs (Independent Institute), Jess Huerta de Soto (Complutense University), Steven Kates (Australian Chamber of Commerce), Greg Mankiw (Harvard University), Murray Rothbard (University of Nevada at Las Vegas), Paul A. Samuelson (Massachusetts Institute of Technology), Robert Skideslsky, Erich Streissler (University of Vienna), Richard Swedberg (University of Stockholm), Ken Taylor (Rollins College), and Larry Wimmer (Brigham Young University). I also appreciate the extra efforts of the staff at the Olin Library at Rollins College, especially Pat, Patti, and Patricia.

For the second edition, I thank especially Jeremy Siegel (Wharton School), Roger Garrison (Auburn University), the late Milton Friedman, and Rob Bradley. Lynn Taylor, Mike Sharpe, and Elizabeth Granda at M.E.Sharpe have shown unwavering support in publishing a new edition. Thanks also to the meticulous efforts of the production group, including Angela Piliouras and copyeditor Debra E.

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