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"History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics. "The Big Three in Economics" traces the turbulent lives and battle of ideas of 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. Each view has had a significant influence on shaping the modern world, and the book traces the development of each philosophy through the eyes of its creator. In the twenty-first century, Adam Smith's "invisible hand" model has gained the upper hand, and capitalism appears to have won the battle of ideas over socialism and interventionism. But author Mark Skousen shows that, even in the era of globalization and privatization, Keynesian and Marxian ideas continue to play a significant role in economic policy."

"[A reader in the history of economic thought challenges the assumption that today's prevailing economic theories are always the most appropriate ones. It examines the life and work of each of the founders of economics. It maps the various channels of continental economics, particularly from the late-18th through the early-20th centuries. , A reader in the history of economic thought challenges the assumption that today's prevailing economic theories are always the most appropriate ones. It examines the life and work of each of the founders of economics. It maps the various channels of continental economics, particularly from the late-18th through the early-20th centuries. ]"

"This book describes a radical shift in the study of economic science, in which arguing with words was replaced by reasoning with mathematical models. During the last two centuries, the way economic science is done has changed radically: it has become a social science based on mathematical models in place of words. This book describes and analyses that change -- both historically and philosophically -- using a series of case studies to illuminate the nature and the implications of these changes. This book is for people who wants to understand how economics works from the inside out. It will be of interest to economists and science studies scholars. It also aims at a wider readership in the public intellectual sphere, building on the current interest in all things economic and on the recent failure of the so-called economic model, which has shaped our beliefs and the world we live in."