In 2014, the U. S. government adopted a new quarterly statistic called gross output (GO), the most significance advance in national income accounting since gross domestic product (GDP) was developed in the 1940s. The announcement came as a triumph for Mark Skousen, who advocated GO nearly 25 years ago as an essential macroeconomic tool and a better way to measure the economy and the business cycle. Now it has become an official statistic issued quarterly by the Bureau of Economic Analysis ...

The Making of Modern Economics presents a bold and engaging history of economics—the dramatic story of how the great economic thinkers built today's rigorous social science.This comprehensive yet accessible introduction to the major economic philosophers begins with Adam Smith and continues through to the present day. It examines the contributions each one made to our understanding of the role of the economist, the science of economics and economic theory. Boxes in each ch...

History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics. The Big Three in Economics traces the turbulent lives and battle of ideas of 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. "The Big Three in Economics" traces the turbulent lives and battle of ideas of 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. Each view has had a significant influence on shaping ...

Now updated to include more information on Adam Smith, Karl Marx, Joseph Stglitz, "imperfect" markets, and behavioral economics, Mark Skousen's popular work provides an accessible introduction to the major economic thinkers of the past 225 years--including little-known and often amusing facts about their personal lives.

Benjamin Franklin’s celebrated autobiography, published after his death, is one of the greatest autobiographies of all time—but it was incomplete. Franklin ended his life’s story in 1757, when he was only fifty-one. He lived another thirty-three full, eventful, and dramatic years, some of the most dramatic years in American history—years in which Franklin was America’s advocate in London, represented Pennsylvania in the Continental Congress, and was America’s wartime ambassador to France. ...

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” mod...

This bold history of economics tells the dramatic story of how the great economic thinkers built a rigorous social science without peer. Unlike other economics histories, Skousen’s book provides a running plot with a singular heroic figure, Adam Smith, at the center of the discipline. Skousen unites the great thinkers by ranking them for or against Adam Smith and his “system of natural liberty.” He shows how Karl Marx, Thorstein Veblen, John Maynard Keynes, and even laissez-faire disciples...

The Making of Modern Economics presents a bold and engaging history of economics—the dramatic story of how the great economic thinkers built today’s rigorous social science.This comprehensive yet accessible introduction to the major economic philosophers begins with Adam Smith and continues through to the present day. It examines the contributions each one made to our understanding of the role of the economist, the science of economics, and economic theory...

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. By understanding and incorporating these principles, better decisions will be made on individual, corporate, and government levels.To explain this thesis, the author offers analyses of key economists who have changed their views over time, an examination of major domestic and international issues, a...

Here is a bold, updated history of economics, the dramatic story of how the great economic thinkers built today’s rigorous social science. Noted financial writer and economist Mark Skousen has revised this popular work to provide more on Adam Smith, Karl Marx, and Joseph Stiglitz and on “imperfect” markets and behavioral economics.This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues to the pres...

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.Investing in One Lesson first unravels the intricacies of Wall Street, explaining in layman’s terms why financial markets frequently behave in seemingly irrational ways. Then Skousen reveals his surpr...