John Maynard Keynes

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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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: [...]

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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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Will we survive Obamanomics?

March 5, 2009

From the Gilroy Dispatch Officially, President Obama’s $3.6 trillion budget is titled “A New Era of Responsibility.” That’s false on two counts. It’s an era – not of responsibility, but of big-government taxation, spending, and regulation. And it’s not new. History is full of attempts to inflate the state to grow the economy. Virtually all [...]

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Proof Is in the Dow

March 2, 2009

From Human Events “The Obama budget is nothing less than an attempt to end the ideas of Ronald Reagan.” — New York Times Adam Smith, the father of free-market economics, once stated, “There is much ruin in a nation.”  President Obama is out to prove it in his Newspeak program he calls “A New Era [...]

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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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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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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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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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Keynesianism Defeated

October 9, 1997

WALL STREET JOURNAL — THURSDAY, OCTOBER 9, 1997 By Mark Skousen In 1992, Harvard Prof. Greg Mankiw was paid an unprecedented advance of $1.1 million to produce the “next Salmuelson”–a successor to Paul Samuelson’s “Economics,” the most successful economics textbook ever written, with more than four million copies sold in 15 editions and 41 foreign [...]

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