This book presents a bold, engaging and 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, now in its third edition.

This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues through the present day. The text examines the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. Boxes in each chapter highlight little-known and entertaining facts about the economists’ personal lives that had an influence on their work.

Reviews

An excellent history of economic thought
Mark Skousen’s book is excellent if you are aiming to learn about economic theory from pre Adam Smith mercantilism to econ theory today. The book is unique in that everything is presented in chronological order and has a traditional storyline structure featuring a protagonist(Adam smith and free market capitalism) and an antagonist (Karl Marx and socialism/ communism).
This book highlights all the important contributions made by economists throughout history providing you with the background of the economic writers advancements in economic theory ranging from lassez faire capitalism, labor theory of value, thr marginal revolution with Austria, the works of Keynes, Friedman, and more. The book also tells of their work and lives to help give us insight into the times these economic developments were made and personal biases that may have shaped their theories.
I had the oportunity to meet Dr Skousen on person and simoly put… he put an extraordinary amount of effort into creating a concise book covering everything you need to know about economic history in such a way that is pleasurable and easy to read.

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Why are the smartest, most successful professionals so often failures when it comes to investing? Can stock prices really be so illogical that even doctors and lawyers can’t figure them out? Ultimately, is it possible for anyone to decipher the financial markets?
Fortunately, the answer is yes. In Investing In One Lesson, investment guru Mark Skousen clearly and convincingly reveals the reasons for the seemingly perverse, unpredictable nature of the stock market. Drawing upon his decades of experience as an investment advisor, writer, and professor, Dr. Skousen explains in one spirited, easy-to-follow lesson why stock prices fluctuate with such apparent irrationality. Lifting back the veil of perplexity and confusion that surrounds the workings of the stock market, Dr. Skousen explains:

• Why good news for the economy is often bad news for the stock market
• Why stocks of old, established companies in shrinking industries tend to be a better investment than shares in rapidly growing firms in cutting-edge fields
• Why stock prices can suddenly skyrocket or collapse–regardless of market fundamentals
• Why initial public offerings often enrich insiders at the expense of the majority of investors
• How Wall Street is like a giant casino–and how it isn’t

The perfect investment primer, Investing In One Lesson provides an introduction to everything from day trading to contrary investing to chart-based techniques. Dr. Skousen’s book concludes with a comprehensive but simple investment strategy to maximize your returns without having to dedicate countless hours to researching the market. Dr. Skousen packs his book with entertaining personal and professional anecdotes illustrating his central point–that the business of investing is not the same as investing in a business. He offers investors a wide-ranging but accessible course on investing history, psychology, and strategy–all in one lesson.

About the Author

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