'Outstanding ...Fun to read' - "Wall Street Journal". Would Karl Marx have to revise his theories since the collapse of the Soviet Union? What would Adam Smith make of the Japanese economic miracle turning into an economic morass? The great economists of the past 200 years may no longer be with us, but their ideas are very much alive - and they have vital relevance to today's increasingly complex economic picture. In this witty book, Buchholz takes age-old economic theories and applies them to contemporary issues. Featuring ...
'Outstanding ...Fun to read' - "Wall Street Journal". Would Karl Marx have to revise his theories since the collapse of the Soviet Union? What would Adam Smith make of the Japanese economic miracle turning into an economic morass? The great economists of the past 200 years may no longer be with us, but their ideas are very much alive - and they have vital relevance to today's increasingly complex economic picture. In this witty book, Buchholz takes age-old economic theories and applies them to contemporary issues. Featuring material on the latest shifts in the world economy, this is a fascinating, balanced guide to understanding the economy, past and present.
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This book is a great history of economics, written with a sense of humor and awe. It gives a great sense of the thinkers who gave birth to the theories of our economic system and often has laugh out loud examples of their thoughts.
May 2, 2008
Excellent summary of economic thought
This book is a very readable summary of the history of economic thought. The title is perhaps slightly misleading, as the book isn't really "new" ideas, but a discussion of the ideas these economists put forth. Bucholz empasizes economists who founded different schools of thought, rather than trying to get every economist who did anything great. Bucholz has a distinct bias toward capitalism as opposed to Marxism, and a very slight bias toward monetarism as opposed to Keynesianism. As an Economics major, I heartily recommend this book.
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