The Big Three in Economics
Adam Smith, Karl Marx, and John Maynard Keynes
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Narrated by:
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Jeff Riggenbach
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By:
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Mark Skousen
About this listen
In the 21st 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.
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From ancient currency to Adam Smith, from the gold standard to shadow banking and the Great Recession: a sweeping historical epic that traces the development and evolution of one of humankind’s greatest inventions.
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Difficult to imagine how it could be worse
- By J. M. Batista on 09-19-17
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Liberty Lost: American Big Government and the Erosion of the U.S. Constitution
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Nineteenth-century America was the closest thing to pure free-market capitalism that has ever existed. There was no welfare state, no central bank, no deficit spending to speak of, no fiat money, and no income tax for most of the century, and no antitrust laws or federal regulatory agencies until the end of the century. During the 20th century, by contrast, American liberty declined as the size, scope, and power of government exploded. Federal spending, taxes, deficits, and debt have spiraled out of control.
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US political/economic evolution explained
- By Jannie Meisberger on 06-25-16
By: Michael Dahlen
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Ill Fares the Land
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In Ill Fares The Land, Tony Judt, one of our leading historians and thinkers, reveals how we have arrived at our present dangerously confused moment. Judt masterfully crystallizes what we've all been feeling into a way to think our way into, and thus out of, our great collective dis-ease about the current state of things.
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Blah, Blah, Blah.
- By Michael on 07-15-10
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Creating Freedom
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A manifesto for deep and radical change, Creating Freedom explores the limits placed on freedom by human nature and society. It explodes myths, calling for a profound transformation in the way we think about democracy, equality, and our own identities.
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The BEST book, I've listened to in a long time
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How Are You Going to Pay for That?
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How Are You Going to Pay for That? is filled with engaging discussions and detailed strategies that policymakers and citizens alike can use to assail even the most entrenched lines of neoliberal logic and start to undo these long-held misconceptions. Equal parts economic theory, history, and political polemic, this is an essential roadmap for winning the key battles to come.
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Yay, Taxes!!!
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The Fourth Revolution
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From the best-selling authors of The Right Nation, a visionary argument that our current crisis in government is nothing less than the fourth radical transition in the history of the nation-state. Dysfunctional government: It' s become a cliché, and most of us are resigned to the fact that nothing is ever going to change. As John Micklethwait and Adrian Wooldridge show us, that is a seriously limited view of things. In fact, there have been three great revolutions in government in the history of the modern world.
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A must read for everyone wondering whats going?
- By Truth-be-told on 03-30-15
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Postcapitalism
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Over the past two centuries or so, capitalism has undergone profound changes - economic cycles that veer from boom to bust - from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason's Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new.
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some good ideas...
- By "ge-ko" on 06-19-16
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Capitalism
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The foundations of capitalism are being battered by a flood of altruism, which is the cause of the modern world's collapse. This was the view of Ayn Rand, a view so radically opposed to prevailing attitudes that it constituted a major philosophic revolution. In this series of essays, she presented her stand on the persecution of big business, the causes of war, the default of conservatism, and the evils of altruism.
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Ashame this is not taught in our
- By Karen on 08-18-07
By: Ayn Rand
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Free to Choose
- A Personal Statement
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Milton Friedman and his wife, Rose, teamed up to write this most convincing and readable guide, which illustrates the crucial link between Adam Smith's capitalism and the free society. They show how freedom has been eroded and prosperity undermined through the rapid growth of governmental agencies, laws, and regulations.
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Fantastic
- By Erik on 01-21-08
By: Milton Friedman, and others
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What listeners say about The Big Three in Economics
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall
- Yousuf
- 06-12-07
Defence for Free Market Economics
The author unabashedly strives to demonstrate the enduring superiority of laissez faire economics. This is his prerogative, but it leaves the listener feeling that something is missing (for instance, consider the increasing criticism of globalization policies - claiming to promote free-trade - from different corners of the world). However, good narration, and an engaging account of the big three in Economics.
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10 people found this helpful
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- Anthony
- 03-11-23
Very slanted, but still educational
This author is from the same Chapman University that employed John Eastman who told Trump that Pence could overturn the electoral count in Congress on January 6. He even told some in the administration that his idea was likely to be illegal. That is how extreme people from this university are. There are articles asking what happened to Chapman University?
He had numerous personal attacks on the economists he doesn't like, but he had nothing but nice things to say about the one he does like, Adam Smith. I detest Karl Marx and like some things about Smith and Keynes. There are also things that they are proponents of that I don't like. He seems to take things out of context and claim things that are obvious with nothing to back that claim up or he gives claims short shrift. Then he has the gall to say that Keynes is on the way out after specifically saying that Wall Street is STILL using his theories when determining the state of the economy!! If Wall Street us using an economists theories then you know they are there to help them better understand how to make money. Some things he likes from Milton Friedman and other admirers are absolutely bonkers like during an economic downturn employers should purposely cut wages which will allow them to eventually employ more people. He doesn't seem to care that those people will no longer be able to get by on those lower wages, but he will continue to say that Adam Smith allows us to live at a higher standard. This man is completely detached from reality! He also is a big proponent of privatizing Social Security. He is as extreme as they get which is exactly who Chapman employs.
Why can't we come up with a system that uses the good parts of Keynes and Smith? In the end, I did find it educational to learn about Smith, Marx, Keynes and all the theories added in between. That is why I gave it three stars instead of less for being so tremendously biased that he had to invent a new scale to put them on so that Smith wouldn't look extreme.
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- Roman
- 12-21-11
A great introduction into the history of economics
I fairly don't understand people who complain this book is biased. So what? The bias is easily distinguishable and it doesn't compromise the facts presented in the book. You don't need to convert yourself in to a free market economist to learn a bit of the history. At worst, you would know one biased point and it'd give you an even better perspective while reading a different point of view on the same economists or events.
As the author noted, it is important to try to avoid discrediting all of the person's work just because his or her major theory was proven or considered false (he was talking about Marx, btw). Thus if you disagree with the author on some major grounds, I think it's always a good exercise to try to find things that you agree with and can make use of.
Good book, great narration. Giving four stars because the story may have been a bit monotonous at times.
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11 people found this helpful
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- Michael Malone
- 12-21-20
Makes you think
Engaging, thought provoking, informative. After this I downloaded multiple authors from each school of economics.
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- Thomas G
- 04-25-22
Did the job; will recommend to friends
I needed to become competent and conversant in economic fundamentals, and listening to this book did the job. It does get rather detailed at times in discussions of other economists (not the big 3), and there are sections where I simply glazed over. However, for those looking to up their theoretical game in this field, this book will do the trick!
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- Anonymous User
- 06-14-23
Interesting but very biased
I don’t wanna say I didn’t get much out of this book but the author seems to fixate on the “success” of Adam Smith and his classical school. And really only brings up Kanye’s or Marx (especially) to discuss how their brought classical economics out of the limelight. He also seems to hyperfocus on Marx’s more problematic views while brushing aside Smith’s or Kanye’s. However it still was an informative if not biased work.
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- Anonymous User
- 08-21-23
informative but very biased
overall educational and added more knowledge regarding specific economists, however the author has strong blind bias against socialism & communism.
Also, excellent narration.
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- Maria Weeks
- 04-22-24
easy to understand history of economics
this is a great book I've sent suggestions on to many freinds. it's a very understandable introduction to the theroy of all economics.
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- Amazon Customer
- 01-17-18
Basic Introduction to Economic Systems
Where does The Big Three in Economics rank among all the audiobooks you’ve listened to so far?
Well towards the top
Any additional comments?
It is not to long and does not going into a lot of esoteric detail. It will provide a good understanding of some of the very fundamentals of three major economic systems.
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- Anonymous User
- 06-11-22
Unexpected diamond
I really was not expecting this master piece. It's the equivalent of "Sapiens", but instead of anthropology, it's about economy. From Adam Smith to today's scenario, the author navegantes all the way with the economical theories, counter theories, the real person behind it, their motivation, their followers (and "hater") . In the end you get a taste of feeling a little smarter, understand why so many people follow those or that economics believe, and at times in history with one was "the one, and only" just to be challenged at a corner of history... sometimes winning, some time taking a having punch. Hope the listen to more books like these.
in a side note, listen to the formulas was the worse part... sometimes I find myself desperately looking for a piece of paper to write them down, just to understand visually what he was talking about.
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