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Publisher's Summary

When it comes to economics and economic theory, a few thinkers dominate the landscape.
Adam Smith, Karl Marx, Alfred Marshall, John Maynard Keynes, and a handful of others have shaped the world of economics and influenced our lives.
These 10 lectures acquaint you with the thoughts, theories, and lives of these great economists.
You'll grasp the guiding principles of economics through a better understanding of the economists who developed them. In this broad span of time since these thinkers first presented their ideas, economic issues and concerns have changed greatly - but core economic doctrine remains. These lectures provide a fresh take on how various economic theories were formed and how subsequent economists fine-tuned those theories. They show that there are valuable lessons to be learned from history's great economists, whether their theories have held up over time, required revision, or been discredited in practice. And as Professor Taylor leads you through those theories, you'll come away with insight about why some current disputes over economic policy have been continual sources of argument over the last several centuries. By providing a glimpse into the minds of the geniuses who laid the foundations of modern economics, Professor Taylor offers new ideas and perspectives to enhance your understanding of the subject. More than dull numbers and graphs, this series focuses on personalities and brings economics to life.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©1996 The Teaching Company, LLC (P)1996 The Great Courses
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Customer Reviews

Most Helpful
5 out of 5 stars
By Philo on 03-19-14

A fine basic survey: a home run for Prof. Taylor

This professor is passionate, obviously engaged with his subject, clear and accessible. This survey moves across many big books full of ideas pretty quickly, so naturally it does not get into the more abstract and technical fine points. But to readily get a good basic feel for these ideas and thinkers (and their writing, which is critiqued a bit, and explained in light of the prevalent ideas of their times), one couldn't start at a better place.

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3 of 3 people found this review helpful

5 out of 5 stars
By Quaker on 06-30-15

Who knew economics could be so captivating?

This is the second series I've listened to by Tim Taylor and I have to rank him right up there with the best of The Great Courses professors. He is easy to listen to. -- energetic, passionate about the subject, and able to explain anything in the simplest of terms.

This series takes you on a marvelously captivating walk through the history of economic thought -- how great minds evolved our thinking to understand what an economy was and what made it work. So from a historical perspective, it provides a fascinating perspective on our evolution as a society.

From an economic and political perspective you will gain wonderful insights. I dare say your friends will think twice about quoting Adam Smith or Karl Marx in your presence once you've finished listening to this; and when politicians quote John Maynard Keynes or Milton Friedman, you'll know which parts are established fact, and which parts remain controversial theory.

these lectures were recorded before the financial crisis of the late 2000s, and I think that's a good thing. You will understand the prevailing theories of macroeconomics and decide for yourself how it applies today.

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2 of 2 people found this review helpful

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Customer Reviews

Most Helpful
1 out of 5 stars
By Bobby on 03-18-15

Marxist propaganda.

Lack of detail and a lot of waffle. He has a poor understanding of economics. Don't how this can be classed as economics

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2 of 6 people found this review helpful

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