The Making of Modern Economics Wins 2009 Choice Award

by Mark Skousen on January 22, 2010

My book The Making of Modern Economics has just won the Choice Book Award for Outstanding Academic Title for 2009. Choice is the reviewing journal for academic libraries. I was delighted by this surprise announcement, especially for a 2nd edition!

Winner of 2009 Choice Award for Outstanding Academic Title

Winner of 2009 Choice Award for Outstanding Academic Title

Some of the unique characteristics of The Making of Modern Economics:

1. A major critique of Karl Marx’s theories of capitalism, labor, imperialism and exploitation, and why most of his predictions have utterly failed. (Many former Marxists report that that this chapter alone converted them to the free market.)
2. Two chapters on Keynes and Keynesian economics, what one economist has called “the most devastating critique of Keynesian economics ever written.”
3. Five full chapters on the Austrian and Chicago schools of free-market economics. It is the only one-volume history of economics written by a free-market economist (all previous histories had been written by socialists, Keynesians and Marxists).
4. How Keynes saved capitalism — from Marxism!
5. Over 100 illustrations, portraits, and photographs.
6. Provocative sidebars, humorous anecdotes, even musical selections reflecting the spirit of each major economist.

Choice Review: “With a supreme, lively blend of economics and sociology, Skousen has magnificently managed to put flesh, blood, and DNA on the skeleton of economics in this survey of great economic thinkers. This new work is must reading for economists who want to acquire professional depth and richness. Essential. All economics collections and all levels of readers.”

Description: 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 material on Adam Smith, Marx, and Keynes, and expanded coverage of Joseph Stiglitz, “imperfect” markets, the financial crisis of 2008, and behavioral economics.

Available in hardback and paperback on Amazon.com.

Other quotes about The Making of Modern Economics:

“Mark’s book is fun to read on every page. I have read it three times, and listened to it on audio tape on my summer hike. It deserves to stay in print for many decades. I love this book and have recommended it to dozens of my friends.” — John Mackey, CEO/President, Whole Foods Market

“I champion Skousen’s new book to everyone. I keep it by my bedside and refer to it often. An absolutely ideal gift for college students.”– William F. Buckley, Jr., National Review

“Mark Skousen has emerged as one of the clearest writers on all matters economic today, the next Milton Friedman.” –Michael Shermer, Scientific American

“Both fascinating and infuriating….engaging, readable, colorful…”–Foreign Affairs

“Provocative, engaging, anything but dismal.”–N. Gregory Mankiw, Harvard University

“Lively…amazing…good quotations!” –Journal of Economic Perspectives

“One of the most original books ever published in economics.”–Richard Swedberg, University of Stockholm

“Lively and accurate, a sure bestseller. Skousen is an able, imaginative and energetic economist.” — Milton Friedman, Hoover Institution

“Having no previous interest in economics, I was honestly surprised to find your book so captivating.” –Haila Williams, Production Manager, Blackstone Audio Books

“Skousen gets the story ‘right’ and does it in an entertaining fashion, without dogmatic rantings.” –Peter Boettke, George Mason University

“One of the most readable ‘tell all’ histories of the 20th century.”–Richard Ebeling, Hillsdale College

“I couldn’t put it down! The musical accompaniments for each chapter are a wonderful touch. Humor permeates the book and makes it accessible like no other history. It will set the standard.”–Steven Kates, chief economist, Australian Chamber of Commerce

“The most fascinating, entertaining and readable history I have ever seen. I highly recommend it for translation abroad.”–Ken Schoolland, Hawaii Pacific University

“My students love The Making of Modern Economics! Mark Skousen makes the history of economics come alive like no other textbook.”– Roger W. Garrison, Auburn University.

“It’s unputdownable!”–Mark Blaug, University of Amsterdam

“Skousen is the only economist I know who I can understand. He writes for the common man!” — Dr. Laurence Hayek, U. K.

“Mark Skousen has a genius for explaining complex issues in a clear way and connecting ideas. He is the Henry Hazlitt of our time.” –Steve Mariotti, President, NFTE

“Mark Skousen is a great economist, great philosopher, great entrepreneur, and great friend. He should win the Nobel in economics.” — Steve Forbes

Available in hardback and paperback on Amazon.com.

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Who's to Blame for ObamaCare? Two Conservatives!

by Mark Skousen on December 30, 2009

(I wrote the following article for Human Events, but apparently it was too controversial and was removed after about 100 e-letters of commentary, both favorable and critical. Read here’s the original op-ed, uncensured.)

By Mark Skousen

This week the Senate grinches stole Christmas. The Obama Nation is getting Obama Care.

It’s easy to blame the sixty Democrats, as the Wall Street Journal does, for “the worse bill ever.” It solemnly declares: “These 60 Democrats are creating a future of epic increases in spending, taxes and command–and control regulation.”

True enough. But what’s the root cause of this disaster?

Sorry, friends, it’s not the Democrats, nor the American people who elected them.

[click to continue…]

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I Appear on the Nightly Business Report with Paul Kangas

August 24, 2009

MARK SKOUSEN, Editor of “Forecasts & Strategies.” Paul asks Mark if he has any predictions about the Dow. Mark also offers some new stock recommendations. Push play to watch the interview. (You need Flash installed to watch video.)
Watch the Video.

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Book Review: The Making of Modern Economics

August 24, 2009

From an online book review on BillyBush.Net:
I recently finished “The Making of Modern Economics” by Mark Skousen.  I found this book quite intriguing.  It provides a powerful foundation and historical background to economic thought by offering the histories of the individuals that most contributed to modern schools of economics and public policy.

Read more: http://www.billybush.net/book-review-the-making-of-modern-economics-mark-skousen#ixzz0P9t6Zvhe

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Investment Advice on Citigroup from Mark Skousen

August 24, 2009

“Citigroup (NYSE: C: 4.84, 0.14) used to be the world’s #1 bank; it is now ranked #15 after the financial crisis,” points out long-standing investing and trading expert Mark Skousen.
Despite the financial institution’s troubles, the advisor ranks the bank as a speculative buy in his premium Hedge Fund Trader service. Here’s his review on IStockAnalyst.

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When the Rich Get Poorer, Watch Out Below

August 24, 2009

“Any major shift in the financial status of the rich could have big implications…..Over the last century, the worst years for the rich were the early 1930s, the heart of the Great Depression.” — New York Times, August 21, 2009
On Friday, the New York Times had a cover story, “After 30-Year Run, Rise of the [...]

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Free Market Health Care Is The Answer

August 17, 2009

“Capitalism is turning luxuries into necessities.” — Andrew Carnegie
Watching the shouting matches occurring at the town hall meetings across America, do you ever wonder why nobody holds town hall meetings or writes complaining letters to Congress about food and housing?
After all, food and housing are even more important than medical help.  Most Americans don’t need [...]

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Five Americans Inducted Into Free Market Hall of Fame

July 17, 2009

Las Vegas, Nevada (July 11, 2009): Five American prominent writers and economists –Henry Hazlitt, Murray Rothbard, Rose Wilder Lane, H. L. Mencken, and Booker T. Washington — were inducted into the Free Market Hall of Fame at the Saturday night banquet at FreedomFest. This year’s conference attracted over 1,700 attendees.
Each year FreedomFest honors individuals who [...]

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Record Crowd at FreedomFest 2009

July 16, 2009

“This was the best FreedomFest yet.  Congratulations!” –John Mackey, CEO, Whole Foods Market
Highlights of FreedomFest 2009:

Nearly 1700 people attend this year’s FreedomFest (21% increase)
More than 200 register at the door
All Star Prediction Panel forecasts more pain ahead
Charles Gasparino, CNBC’s #1 reporter, calls for abolishing the SEC
Las Vegas Mayor steals show at Trial of the Century
Liberty [...]

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Happy Fourth of July…

July 4, 2009

…What We Have to Celebrate and The Trial of the Century!
We are expecting over 2000 people to come to this year’s FreedomFest. Come join us! You can sign up at Bally’s Events Center in Las Vegas on Wednesday evening 6-8 pm, or come early for my pre-conference “EconoPower” seminar. Register at (866)266-5101 or at www.freedomfest.com.
And [...]

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