The Making of Modern Economics, Second Edition

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What to expect

Here is a bold, 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 to provide more on Adam Smith, Karl Marx, and Joseph Stiglitz and on “imperfect” markets and behavioral economics.

This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues to the present day, examining the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. Included are highlights of little known facts about the economists' personal lives that affected their work.

Critics Review

  • “Lively and accurate, a sure bestseller. Skousen is an able, imaginative and energetic economist.”

    Milton Friedman, Hoover Institution

  • “I champion Skousen’s new book to everyone.  I keep it by my bedside and refer to it often.  An absolutely ideal gift for college students.”

    William F. Buckley, Jr., National Review

  • “Mark Skousen has emerged as one of the clearest writers on all matters economic today, the next Milton Friedman.”

    Michael Shermer, Scientific American

  • “Both fascinating and infuriating…enaging, readable, colorful…credulous, disingenuous, and tendentious.”

    Foreign Affairs

  • “Provocative, engaging, anything but dismal.”

    N. Gregory Mankiw, Harvard University

  • “One of the most original books ever published in economics.”

    Richard Swedberg, University of Stockholm

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