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    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 21st 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.

    ©2007 Mark Skousen (P)2007 Blackstone Audio Inc.

    Commentaires

    "Thoughtful, highly readable account that brings economics to life." (R. Glenn Hubbard, Dean, Columbia Business School)
    "I love Mark Skousen's book about the history of economists - it is so interesting and well written, and helps us visualize the big picture." (Jeremy J. Siegel, Wharton School, University of Pennsylvania)
    "A curious, enlightening and creative account of the world's three most influential economists, and why their theories have had such a huge impact on the economic history of the modern world." (Robert J. Shiller, Yale University)

    Ce que les auditeurs disent de The Big Three in Economics

    Notations
    Global
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    Interprétation
    • 5 out of 5 stars
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    Histoire
    • 5 out of 5 stars
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    Commentaires - Veuillez sélectionner les onglets ci-dessous pour changer la provenance des commentaires.

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    • Global
      3 out of 5 stars
    Image de profile pour Jan
    • Jan
    • 25/05/2007

    Cut and paste

    This book is ok. Unfortunately it is pretty much a "cut and paste" book assembeled from his earlier works. Instead of this one, buy "The history of modern economics" by the same author.

    37 personnes ont trouvé cela utile

    • Global
      4 out of 5 stars
    • Interprétation
      4 out of 5 stars
    • Histoire
      4 out of 5 stars
    Image de profile pour William
    • William
    • 03/11/2011

    Quality economic intro, but not without bias

    This was my first book about pure economics (vs. economic history) and I learned a tremendous amount. Skousen takes a circumspect approach to each school of thought, briefly addressing the biography of each character and then describing his ideas and their ramifications.

    It's worth pointing out that book is really about the big 3 schools of thought, rather than just the central personalities of the "Big Three". Skousen addresses the primary evangelists of each school who followed the three greats as well. Overall, his coverage of the topic felt thorough as he deftly switches between history, the nuts of bolts of each theory, and the effects of each.

    One word of caution, however. I expected this book to be more "Just the facts, Ma'am" as it discussed each school of thought, leaving true evaluation of the theories up to the reader. However Skousen's neo-classical bent comes through almost immediately. His opinion is well-reasoned and I found myself agreeing with it almost unanimously, but the title left me expecting something slightly different than what the book delivered, which made it a 4-star overall.

    The reading didn't detract from the text. Hey, we're talking economic theory, right? How much do you expect with regards to dramatic reading?

    15 personnes ont trouvé cela utile

    • Global
      2 out of 5 stars
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    • Elton
    • 10/05/2007

    Two for One

    If you listened to Skousen's Making of Modern Economics then there really is no reason to pick up this volume. There are whole passages lifted from the prior text and this volume offeres really no new insight. This is more of an abridged version of his earlier volume. There is a lot of really good theory in this book and perhaps a little more focused that the purposely broader volume published earlier. I recommend it for someone who just wants the major thinkers instead of the progression of economic though.

    29 personnes ont trouvé cela utile

    • Global
      4 out of 5 stars
    • Interprétation
      5 out of 5 stars
    • Histoire
      4 out of 5 stars
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    • Roman
    • 21/12/2011

    A great introduction into the history of economics

    I fairly don't understand people who complain this book is biased. So what? The bias is easily distinguishable and it doesn't compromise the facts presented in the book. You don't need to convert yourself in to a free market economist to learn a bit of the history. At worst, you would know one biased point and it'd give you an even better perspective while reading a different point of view on the same economists or events.

    As the author noted, it is important to try to avoid discrediting all of the person's work just because his or her major theory was proven or considered false (he was talking about Marx, btw). Thus if you disagree with the author on some major grounds, I think it's always a good exercise to try to find things that you agree with and can make use of.

    Good book, great narration. Giving four stars because the story may have been a bit monotonous at times.

    8 personnes ont trouvé cela utile

    • Global
      4 out of 5 stars
    • Interprétation
      3 out of 5 stars
    • Histoire
      4 out of 5 stars
    Image de profile pour Kazuhiko
    • Kazuhiko
    • 16/06/2013

    I don't agree with but appreciated this book

    I am definitely not a Marx fan, but I felt that this author is a bit too conservative for my taste. Yet, I actually appreciated the way he explained, summarized, and contrasted these three men's ideas. The reality is that, I think, these three men's ideas were shaped by the political and social environment of the times each experienced as well as by their social backgrounds. I recently read (listened to) both Adam Smith's The Wealth of Nations and Joseph Stiglitz's The Price of Inequality and was amazed by how the world has changed between 1776 and 2012. I would not be surprised if Smith were alive now as an economist, he would have agreed with Stiglitz's viewpoint (though I am positive that the author of this book would not agree with me!). Anyway, I enjoyed listening to this book.

    3 personnes ont trouvé cela utile

    • Global
      1 out of 5 stars
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      3 out of 5 stars
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      2 out of 5 stars
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    • rafi
    • 03/01/2018

    No holds-barred capitalistic bias

    The book spends most of it's time attacking socialist ideas in a personal way. I thought it would focus more on the theories, and it did so more at the end, but it also spends a vast amount of time on the lives of Smith and Marx. When speaking of capitalism the author uses definitive wording such as; "he rightly concluded". In contrast any idea with a socialistic view he would use terms such as; "misguided". I obviously understand there will be biases in all works, however, as an economic centered book I had assumed there would be an objective stance. I would like to say it was a good view on their personal lives, but with such heavy subjectivity, I'm uncertain of the accuracy of the events laid out by the author.

    2 personnes ont trouvé cela utile

    • Global
      3 out of 5 stars
    • Interprétation
      3 out of 5 stars
    • Histoire
      4 out of 5 stars
    Image de profile pour Richard Castillo
    • Richard Castillo
    • 14/06/2016

    Bias. Told through bourgeoisie values.

    The author does not disseminate without subjectively adding personal opinions instead giving you his ranking and pushing you toward his view. You yourself should be the person to contemplate and adopt a model.

    2 personnes ont trouvé cela utile

    • Global
      5 out of 5 stars
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    • steve
    • 11/11/2008

    What you really need to know

    That is what is in this book and I loved it. You can't go wrong if you buy this book.

    7 personnes ont trouvé cela utile

    • Global
      2 out of 5 stars
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    • Robert
    • 24/04/2008

    A bit dry

    The text was a bit dry. Good topical information.

    2 personnes ont trouvé cela utile

    • Global
      2 out of 5 stars
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      5 out of 5 stars
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      1 out of 5 stars
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    • P K
    • 24/11/2011

    Another Ayn Rand disciple?

    This would have been much better if it had been a more balanced book. It is definitely in the free market + religion + tea party ballpark. If that's your inclination then you'll like it. But if you want an objective and balanced view of economics ... definitely pick another book than this.

    9 personnes ont trouvé cela utile