ENGLISH

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

By Mark Skousen

Book information

Publisher
M.E. Sharpe
Year
2007
ISBN
0765616947, 9780765616944
Open Library ID
OL8055116M
Language
english
Format
PDF
Filesize
2 MB (2111995 bytes)
Pages
265\265
Time added
2011-08-31 04:54:40

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 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.

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