The Making of Modern Economics, Fourth Edition

The Making of Modern Economics, Fourth Edition

By Mark Skousen
Unabridged
100% overall 1 rating. Go to reviews
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“The most interesting and lively book on the history of economic thought ever written.”

Douglas A. Irwin, professor of economics, Dartmouth College

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. Each chapter highlights little-known and entertaining facts about the economists’ personal lives that had an influence on their work.

The fourth edition adds coverage of modern monetary theory, the COVID-19 pandemic, climate change, minimum wage debates, Schumpeter and socialism, Malthus and immigration, and more.

The Making of Modern Economics is a valuable, engaging text for courses in the history of economic thought and political economy.

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  1. Odin
    Overall Liked it

    Financial ideas with unique answers

    Mr. Skousen takes a different approach to a subject that many profess to have the answer. In Mr. Skousen’s case, not so. In fact, he chooses to hold judgment. Instead, he has pulled together a marvelous compilation of ideas in economics that have proliferated out senses. From Adam Smith to Milton Friedman, Mr. Skousen leans favorably toward Hayek and Misses, while economists such as Keynes Samuelson and Marx are represented as faulty in their positions. As a result, the listener is subjected to multiple theories of economics over the past two-hundred years and is left wondering why a consensus can’t be arrived at, allowing economic philosophy and practice to work as a collective solution.

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