The Making of Modern Economics

From someone who gets Keynes and Say’s Law.

Greetings from Mark Skousen to my friends in the Mont Pelerin Society.

As you know, socialism has suddenly become all the rage with the rise of Senator Bernie Sanders and Congresswoman Alexandria Ocasio-Cortez (whom I call Castro-lite) here in the United States and in Europe.

Don’t think for a moment that the New Socialists are a flash in the pan.

The Green New Deal, Modern Monetary Policy, Medicare for All, and Free College are all being taken seriously by students, politicians, and media, unworkable and inflationary as they are.

Sanders is running for President in 2020 and would consider Ocasio-Cortez as his running mate, if she were eligible (she’s only 29 years old).

How do you fight a bad idea? With a better idea!  It’s time to start a campaign to promote the best of capitalism and free-market economics.

The Economist is convinced that pro-market forces “have all too often given up the battle of ideas” (Feb 22 issue of “The Rise of Millennial Socialism”)

Let’s hope not!

How to fight back?   I’ve started a campaign to promote my book,

“The Making of Modern Economics: The Lives and Ideas of the Great Thinkers.”  

Now published by Routledge in a new third edition, it’s been endorsed by Milton Friedman, Roger Garrison, Peter Boettke, Ken Schoolland and many other members of the society.

It tells the unique story of Adam Smith, the founder of free-market capitalism, and how his “system of natural liberty” comes under attack by the Marxists, Keynesians, and socialists, and is often left for dead, but then is resuscitated by the French laissez-faire school, and the Austrians and the Chicago school, and triumphs in the end.

It has five chapters that rip apart the arguments that the Socialists and the Keynesians make.

It has converted many Marxists to free-market capitalists, and one reviewer calls it “the most devastating critique of Keynesian economics ever written.”

Most importantly, my book introduces the reader to the great defenders of free-market capitalism, including Adam Smith, the French laissez-faire school, and the Austrian and Chicago schools (as represented by Mises, Hayek and Friedman).

Last November, I started the campaign by purchasing a full page ad in The Economist and received hundreds of orders from around the world. You can see the ad here: http://mskousen.com/2018/11/the-economist-publishes-new-ad-for-making-of-modern-economics/.

The Ayn Rand Institute recently ranked it the #2 most important book ever written about economics (just behind Henry Hazlitt’s “Economics in One Lesson”).

It won the Choice Book Award for Outstanding Academic Excellence.

It’s been translated into six languages — in Chinese (twice), Spanish (Union Editorial), Turkish, Mongolian, Vietnamese, and Arabic.

Students, fellow economists, and business leaders are fans. Professor Roger Garrison (Auburn U) says, “My students love it.  Skousen makes the history of economics come alive like no other textbook.”

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

The late Milton Friedman wrote, “All histories of economics at BS –Before Skousen!  Lively and accurate, a sure bestseller.”

John Mackey, CEO, Whole Foods Markets, said, “I have read it three times. It’s fun to read on every page. I love this book and have recommended it to dozens of my friends.”

And the late William F. Buckley Jr. told me, “I champion your book to everyone.  I keep it by my bedside and refer to it often.  Every student should have a copy.”

The story behind this book is quite extraordinary. You can read it here: http://mskousen.com/2018/10/adam-smith-and-the-making-of-modern-economics/.

“The Making of Modern Economics” is a 500-page book available in hardback, paperback, Kindle, or audio.  The quality paperback retails $53.95 by Routledge and $43.74 on Amazon, but you can buy it for only $35 directly from Skousen Books, including postage. I will autograph each copy and mail it for free. (For orders outside the US, add $30 for airmail shipping.) To order, call Harold at Skousen Books, 1-866-254-2057. Or order online at www.skousenbooks.com.

I was interviewed on C-SPAN Book TV about “The Making of Modern Economics.” Watch the 20-minute interview here:  https://www.c-span.org/video/?307279-1/the-making-modern-economics.

We can win the battle of ideas. Let the campaign begin!

Yours for peace, prosperity, and liberty, AEIOU.

2 thoughts on “The Making of Modern Economics

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