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

Market fundamentalist bias throughout

What could have made this a 4 or 5-star listening experience for you?

A non-biased presentation that doesn't try to demonize Keynes and glorify Friedman and the Austrian/Chicago school.


What do you think your next listen will be?

Something by Keynes to wash the Market Fundamentalist crap out of my brain. Actually I have since listened to Paul Krugman's book "End This Depression Now" and I feel greatly cleansed.


How could the performance have been better?

Not be biased.


You didn’t love this book... but did it have any redeeming qualities?

It put the great economists into a clear chronology for me and gave me a more personal understanding of their lives and thoughts.


Any additional comments?

If Skousen hadn't tried to make the case toward the end of the book, that an unfettered and unregulated free market will somehow produce a stable economy, and that there is such a thing as efficient markets and that there is no such a thing as involuntary unemployment, the book might have gotten a much higher vote from me. Keynes wasn't necessarily right about everything, but he was right about some very important things, and there are some much needed and much ignored Keynesian solutions to our present economic circumstance.

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- Michael Simpson

Book Details

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