The Big Three in Economics reveals the battle of ideas among the three most influential economists in world history: Adam Smith, representing laissez faire; Karl Marx, reflecting the radical socialist model; and John Maynard Keynes, symbolizing big government and the welfare state. History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today’s politics and economics. In the twenty-first century, Adam Smith’s “invisible hand” model has gained the upper hand, and capitalism has ultimately won the ideological battle over socialism and interventionism. But even in the era of globalization and privatization, Keynesian and Marxist ideas continue to play a significant role in economic policy in the public and private sectors.
Mark Skousen is an investment expert, economist, university professor, and author of more than twenty-five books. He earned his PhD in monetary economics at George Washington University in 1977. He has taught economics and finance at Columbia Business School, Columbia University, Grantham University, Barnard College, Mercy College, and Rollins College. He is a presidential fellow and Doti-Spogli Endowed Chair of Free Enterprise at Chapman University.
Jeff Riggenbach (1947-2021), an award-winning narrator, worked in radio in San Francisco for over thirty years, earning a Golden Mike Award for journalistic excellence.