Big Three in Economics: Adam Smith, Karl Marx, and John Maynard Keynes

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Big Three in Economics: Adam Smith, Karl Marx, and John Maynard Keynes Skousen M.Big Three in Economics: ... Textbook
Type:	eBook
Released:	2007
Page Count:	257
Format:	pdf
Language:	English
ISBN-10:	0765616947
ISBN-13:	9780765616944

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' 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. --This text refers to the edition. About the Author MARK SKOUSEN has taught economics at Columbia University, is editor of Forecasts & Strategies, a monthly investment newsletter, and is the author of more than twenty books, including The Making of Modern Economics. --This text refers to the edition.