The Big

Three in

Economics

OTHER ACADEMIC BOOKS

BY MARK SKOUSEN

The Structure of Production

Economics on Trial

Dissent on Keynes

(editor)

The Investor’s Bible:

Mark Skousen’s Principles of Investment

Puzzles and Paradoxes in Economics

(co-authored with Kenna C. Taylor)

Economic Logic

The Power of Economic Thinking

Vienna and Chicago, Friends or Foes?

The Compleated Autobiography by Benjamin Franklin

(editor and compiler)

The Big

Three in

Economics

Adam Smith

Karl Marx and

John Maynard Keynes

Mark Skousen

M.E.Sharpe

Armonk, New York

London, England

Copyright 2007 by Mark Skousen

All rights reserved. No part of this book may be reproduced in any form

without written permission from the publisher, M.E. Sharpe, Inc.,

80 Business Park Drive, Armonk, New York 10504.

Library of Congress Cataloging-in-Publication Data

Skousen, Mark.

The big three in economics : Adam Smith, Karl Marx, and John Maynard Keynes /

Mark Skousen.

p. cm.

Includes bibliographical references and index.

ISBN-10: 0-7656-1694-7 (cloth : alk. paper)

ISBN-13: 978-0-7656-1694-4 (cloth : alk. paper)

1. Economists—History. 2. Economics—Philosophy. 3. Economists—Biography.

4. Smith, Adam, 1723–1790. 5. Marx, Karl, 1818–1883. 6. Keynes, John Maynard,

1883–1946. I. Title.

HB76.S58 2007

330.15092’2--dc22 2006020466

Printed in the United States of America

The paper used in this publication meets the minimum requirements of

American National Standard for Information Sciences

Permanence of Paper for Printed Library Materials,

ANSI Z 39.48-1984.

~

BM (c) 10 9 8 7 6 5 4 3 2 1

Dedicated to

The Big Three in my life,

My editor, my friend, and my wife,

Jo Ann Skousen