Free Market

The Making of Modern Economics Wins 2009 Choice Award

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! Some of the unique characteristics of The Making of Modern Economics: 1. A major critique of Karl Marx’s [...]

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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 [...]

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Brother, Can You Spare a Decade?

May 1, 2009

Perspective – Liberty Magazine – May 2009 Brother, Can You Spare a Decade? by Mark Skousen Few things other than a New Deal can be more painful than an economic depression. But few eras were more vital and enjoyable than the private side of the last one. One of the rare books in my financial [...]

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Obamanomics Is Making Matters Worse

February 24, 2009

From Human Events Unfortunately, the [Keynesian] balance week is unbalanced. ~ Milton Friedman We have outlived the short-run and are suffering from the long-run consequences of [Keynesian] policies. ~ Ludwig von Mises Last week, Treasury Secretary Timothy Geithner announced another solution to the financial crisis — his new “Financial Stability Plan.” Since the announcement, Citigroup [...]

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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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Pulling Down the Keynesian Cross

June 1, 2001

Ideas On Liberty Economics on Trial June 2001 by Mark Skousen “The circle had come right round; it was as though Keynes had never been.” -Robert Skidelsky1 “Textbooks have to be rewritten in the aftermath of each scientific revolution.” -Thomas S. Kuhn2 In his third and final volume on John Maynard Keynes, Robert Skidelsky comes [...]

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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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What If Social Security Was Like a 401(k)?

December 1, 2000

Forecasts & Strategies Personal Snapshots December 2000 by Mark Skousen “Of all social institutions, business is the only one created for the express purpose of making and managing change…. Government is a poor manager.” -Peter F. Drucker, “The Sickness of Government,” The Age of Discontinuity (1969) In the ongoing debate over the privatization of Social [...]

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The Anti-Capitalistic Mentality, Updated

November 1, 2000

Economics on Trial Ideas on Liberty November 2000 by Mark Skousen “In the excitement over the unfolding of his scientific and technical powers, modern man has built a system of production that ravishes nature and a type of society that mutilates man.” -E. F. SCHUMACHER (1) In 1956, Ludwig von Mises countered myriad arguments against [...]

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Having Their Cake

October 1, 2000

Economics on Trial Ideas on Liberty October 2000 Having Their Cake by Mark Skousen “The duty of ‘saving’ became nine-tenths of virtue and the growth of the cake the object of true religion.” -JOHN MAYNARD KEYNES (1) In his 1920 bestseller, The Economic Consequences of the Peace, John Maynard Keynes made a profound observation about [...]

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