The Making of Modern Economics

  • by Mark Skousen
  • Narrated by William Hughes
  • 20 hrs and 47 mins
  • Unabridged Audiobook

Publisher's Summary

Here is a bold, new account of the lives and ideas of the great economists - Adam Smith, Karl Marx, John Maynard Keynes, Ludwig von Mises, Milton Friedman, and many others - all written by a top free-market economist and presented in an entertaining and persuasive style. Professor Mark Skousen tells a powerful story of economics with dozens of anecdotes of the great economic thinkers.

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What the Critics Say

"Both fascinating and infuriating...enaging, readable, colorful...credulous, disingenuous, and tendentious." (Foreign Affairs)

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Customer Reviews

Most Helpful

Don't Let the Author's Bias Scare You Away!

Mr Skousen brings us a solid, comprehensive and thoroughly entertaining history of modern economic thought from Adam Smith to the present day. Skousen succeeds wildly in making esoteric economic theories accesible, and draws in the reader/listener with quirky stories about each of the economists: Why did Adam Smith Burn all of his clothes? What was the story behind J.M Keynes's hand fetish? Who fathered Marx's housemaids child? These are just a few of the high points of this work.

Admitedly, Skousen is strongy biassed towards a Neo-Classical/Austrian viewpoint, and holds some quesitonable ideas, but don't let that turn you away! The author does a great job explaining each Economists viewpoint in a clear, concise, logical way; I was even able to get a good handle on some of Marx's important formulas from Kapital while driving on the freeway. This book is that good! Skousen is very careful to completely present each Economist's bio and arguments first and only then move on to a critique on their more questionable assumptions.

In regards to the narrator, I have no idea what the other reviewer is talking about. Hughes speaks clearly, pronounces German and French words well ans seems honestly excited in his narration. In fact, to me he seemed so excited that I initially thought it was the author narrating his own book.

Overall, having listened to some of Sowell's audiobooks and a few of the great courses on Economics, I have to say that this is the best choice on Audible to get readers excited about Economics. Well worth the credit!
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- Jeff

Skousen's Sells Action Economics

Where does The Making of Modern Economics rank among all the audiobooks you’ve listened to so far?

Again I have my homework to do. Yet Skousen does for Economics what Tesla did for Innovative Power. He is objective, well researched, and focused on what he wants the reader to do, not to judge the character of an Economist, but do their ideas work? From the beginning of the story, he introduces to great Economics, their habits, their idiosyncrasies. He does not give you Economics straight, but provides a chaser with antidotes, along with pertinent facts. He is far ahead of the game of his Academic Communities than he knows. He is on the verge, if not there, on the Mt. Everest of Greatness!


What other book might you compare The Making of Modern Economics to and why?

I like him, had a terrible Economics Professor in 101 Econ back in College. If the Professor, unlike Skousen's The Making of Modern Economics, could have made me majoring in Economics rather than Ancient and U.S. Histories.


What does William Hughes bring to the story that you wouldn’t experience if you just read the book?

Hughes is fresh, lively, and sounds as if he never tires, he is a welcomed relief, and does what is supposed to, bring the text alive with crisp inflections.


What’s the most interesting tidbit you’ve picked up from this book?

Well, Skousen seems to use what I would like to call "Oral Histories" or "Action History" where you, and he, study together events, and the effects of theory making in the world of Economics. This book is a must read for anyone in Government, State, Local and at the Federal Reserve.


Any additional comments?

If you teach Economics at any level, think if Skousen could be described as an NBA player; He could be considered to be another Lebron James!

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- Cole Boyd

Book Details

  • Release Date: 09-11-2009
  • Publisher: Blackstone Audio, Inc.