Great Economics

A Tribute to Milton Friedman

November 28, 2006

I was at the New Orleans Investment Conference when I learned that free-market economist extraordinaire Milton Friedman, died on November 16. He was a dear friend. I was probably the last person to go out to lunch with Milton. We met at his favorite restaurant in San Francisco, where I showed him a picture of [...]

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The World Map of Economic Freedom

June 1, 2002

Personal Snapshots Forecasts & Strategies June 2002 “Economic repression breeds intolerance, fanaticism and terrorism.” — Gerald P. O’Driscoll, Jr., Heritage Foundation I couldn’t believe my eyes when I saw this unusual map of the world. “The World Map of Economic Freedom” was published by the Heritage Foundation and The Wall Street Journal before the terrorist [...]

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It All Started with Adam

May 1, 2001

Ideas On Liberty Economics on Trial May 2001 by Mark Skousen Adam Smith, that is. Having just completed writing a history of economics,1 I have concluded that, despite the protestations of Murray Rothbard and other detractors, the eighteenth-century moral philosopher and celebrated author of The Wealth of Nations deserves to be named the founding father [...]

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Beyond GDP: A Breakthrough in National Income Accounting

April 1, 2001

IDEAS ON LIBERTY Economics on Trial APRIL 2001 Beyond GDP: A Breakthrough in National Income Accounting by Mark Skousen “It is apparent that a large part of a country’s total production serves for the production of capital goods and not for the production of consumer goods, and that the production of capital goods must itself [...]

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The Troubled Economics of Ayn Rand

January 1, 2001

Published in January, 2001, issue of Liberty Magazine: THE TROUBLED ECONOMICS OF AYN RAND by Mark Skousen “No creator was prompted by a desire to serve his brothers…” –Howard Roark, The Fountainhead (1994:710) Ayn Rand, author of the celebrated Capitalism: The Unknown Idea, is honored almost universally as the fountainhead of market capitalism, an impassioned [...]

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The Imperial Science

January 1, 2001

Ideas on Liberty Economics on Trial January 2001 The Imperial Science by Mark Skousen “I think it is quite likely that we are entering an era of much more interaction among the sciences.” Kenneth E. Boulding 1 During the 20th century it was popular to label economics the “dismal science,” a term of derision coined [...]

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A Much-Deserved Triumph in Supply-Side Economics

February 28, 2000

Economics on Trial IDEAS ON LIBERTY February 2000 by Mark Skousen “After occupying center stage during the 1980s, the supply-side approach to economics disappeared when Ronald Reagan left office.” – Paul Samuelson (1) Until Robert Mundell won the Nobel Prize in 1999, supply-side economics had been a school without honor among professional economists. Established textbook [...]

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A Much-Deserved Triumph in Supply-Side Economics

February 2, 2000

Economics on Trial IDEAS ON LIBERTY February 2000 by Mark Skousen “After occupying center stage during the 1980s, the supply-side approach to economics disappeared when Ronald Reagan left office.” – Paul Samuelson (1) Until Robert Mundell won the Nobel Prize in 1999, supply-side economics had been a school without honor among professional economists. Established textbook [...]

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Economics for the 21st Century

January 1, 2000

Economics on Trial IDEAS ON LIBERTY January 2000 Economics for the 21st Century by Mark Skousen “Nature has set no limit to the realization of our hopes.” — Marquis De Condorcet Recently I came across the extraordinary writings of the Marquis de Condorcet (1743-94), a mathematician with an amazing gift of prophecy in l`age des [...]

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The Perseverance of Paul Samuelson’s “Economics”

September 5, 1999

Journal of Economic Perspectives By Mark Skousen Paul Samuelson’s Economics ranks with the most successful textbooks ever published in the field, including the works of Adam Smith, David Ricardo, John Stuart Mill and Alfred Marshall. His 15 editions have sold over four million copies and have been translated into 41 languages (see Table 1). My [...]

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