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The Big Three in Economics: Adam Smith, Karl Marx, And John Maynard Keynes

Mark Skousen

The Big Three in Economics: Adam Smith, Karl Marx, And John Maynard Keynes Mark Skousen Amazon Price: $17.13
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Customer Reviews:
Total reviews: 8 Average rating: 4.5 of 5

I've rarely seen something this complex made this clear. 5 out of 5 stars.
15 of 16 people found this review helpful.

Skousen has really accomplished something with this book. If the average college professor could convey the information in their field of study with this kind of penetrating clarity, a lot more people would really understand what they learn, rather than just preparing to parrot it back for a test.

This book captures a broad cross-section of the ideas and history behind modern economic thought and ties it all neatly together by linking everything with the simple idea of relating it to Adam Smith, Karl Marx, and John Maynard Keynes. It's brilliant in its simplicity. Skousen starts by saying these are the three you really need to know. Then he says they aren't created equal and ranks them out: #1 Smith, #2 Keynes, #3 Marx. Seems like nothing, but all of a sudden you have a simple and solid mental framework from which to hang the rest of what Skousen tells you.

For each of Skousen's three main characters, you learn about the thinkers that laid the foundation for each of them (or in Smith's case, the lack thereof). You also learn about the historic events that spurred each of them to come up with their theories. You learn each of their theories, then finally - and so critically - you learn in plain English the shortcomings of each of the theories (fatal in two cases).

All of a sudden, you have a deeper understanding of the history and ideas of economics than a lot people who majored in the subject. And because of Skousen's entertaining writing style, you never really noticed how much you were learning.

Kudos to Mark Skousen. I wish more people (myself included) could write like this.

If you've ever had even the slightest interest in economics, do yourself a favor and read this book. You'll be glad you did.

Editorial Review:

History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics. "The Big Three in Economics" traces the turbulent lives and battle of ideas of the three most influential economists in world history: Adam Smith, representing laissez faire; Karl Marx, reflecting the radical socialist model; and John Maynard Keynes, symbolizing big government and the welfare state. Each view has had a significant influence on shaping the modern world, and the book traces the development of each philosophy through the eyes of its creator. In the twenty-first century, Adam Smith's "invisible hand" model has gained the upper hand, and capitalism appears to have won the battle of ideas over socialism and interventionism. But author Mark Skousen shows that, even in the era of globalization and privatization, Keynesian and Marxian ideas continue to play a significant role in economic policy.

Know Your Power: A Message to America's Daughters

Nancy Pelosi, Amy Hill Hearth

Know Your Power: A Message to America's Daughters Nancy Pelosi, Amy Hill Hearth Amazon Price: $16.29
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Total reviews: 53 Average rating: 2.0 of 5

Editorial Review:

“Never losing faith, we waited through the many years of struggle to achieve our rights. But women weren't just waiting; women were working. Never losing faith, we worked to redeem the promise of America, that all men and women are created equal. For our daughters and our granddaughters today we have broken the marble ceiling. For our daughters and our granddaughters now the sky is the limit.” —Nancy Pelosi, after being sworn in as Speaker of the House

When Nancy Pelosi became the first woman Speaker of the House, she made history. She gavelled the House to order that day on behalf of all of America’s children and said, “We have made history, now let us make progress.” Now she continues to inspire women everywhere in this thought-provoking collection of wise words—her own and those of the important people who played pivotal roles in her journey.

In these pages, she encourages mothers and grandmothers, daughters and granddaughters to never lose faith, to speak out and make their voices heard, to focus on what matters most and follow their dreams wherever they may lead. Perhaps the Speaker says it best herself in the Preface: “I find it humbling and deeply moving when women and girls approach me, looking for insight and advice. If women can learn from me, in the same way I learned from the women who came before me, it will make the honor of being Speaker of the House even more meaningful.”

This is a truly special book to share with all the women you know. It is a keepsake to turn to again and again, whenever you need to be reminded that anything is possible when you know your power.

The Portable Karl Marx (Viking Portable Library)

Karl Marx

The Portable Karl Marx (Viking Portable Library) Karl Marx Amazon Price: $16.20
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Total reviews: 4 Average rating: 4.5 of 5

good intro to Marx's thought 4 out of 5 stars.
17 of 18 people found this review helpful.

In addition to Marx's writings, this book consists of introductions to various sections of Marx's writings by Prof Kamenka, a chronology of events in Marx's life, letters and other documents by and about him and a glossary of Marxian terms. The writings can be tedious, windy full of run-on sentences, sometimes unreadable. I skipped some of them, including his speech "Value, price and profit," which Kamenka claims was a good laymen's introduction to the ideas of "Capital," but I gave it up after a few pages. The first section of writings is from before 1844. In the tradition of the enlightenment, he discusses the concept of "alienation," how human nature is based on the need to maximize one's creative potential. Yet under capitalism, the worker is turned into a machine; the product he makes, or help makes under the division of labor, does not give him any value, but the wealth from it goes to his boss. The workers intellectual capabilities and self-esteem are stunted. Thus, a truly just society would give the worker the freedom to pursue his dreams, not having to worry about renting himself out to capitalists to survive. Workers, those who actually produce wealth, would directly manage businesses (not state bureaucrats).

As we progress along the years with Marx, he begins to develop his redoubtable historical materialist conception of history. This is a "scientific" thesis that all societies pass through slavery, feudalism, and capitalism and then capitalism starts to break down because of its own "contradictions." In unrestrained capitalism, capitalists try to maximize profit anyway they can. They build up excess capacity of factories and other facilities to try to compete but unfortunately in unregulated competition, all but a select few are destroyed. The petit bourgeoisie i.e. peasants and small business owners are also wiped out by big business. The capitalists in order to keep up their rate of profit, increase the hours of their slaves and try to reduce their wages and getting out of doing anything for them to make their conditions better. The capitalist system will eventually collapse from all of this and the urban wage slaves, the proletariat will take over the means of production, eventually instituting democratic workers control over these means. As Prof. Kamenka notes later, it is rather vague if Marx conceived of various measures to forestall capitalism's, destabilization. ...

His writings from the Eighteenth Brumaire of Louis Bonaparte are certainly interesting, though his efforts to apply his theories to the situation in France somewhat take away from his analysis of the events. He conceives the France under Louis Philippe (1830-48) to be under the control one of section of the bourgeoisie, basically stock market swindlers. The rest of the proprietered classes revolted against this one faction in 1848. The ruling classes promised the proletariat radical democratic reforms to get their support for the overthrow but once they had consolidated their power, they massacred them into submission. The peasants were the majority of France at that time, and they, of course, valued stability above all else to maintain their meager property. The Bourgeois republic that was consolidated in 1848 could not provide the requisite stablity for capitalist operations, so up rose Louis Bonaparte, nephew of Napoleon to establish a dictatorship.

In his article,"The Indian revolt" from 1857 he breaks free from the vague theorizing and comes out with first rate journalism pure and simple. He reminds his readers that with all the hocus pocus of holy horror in England of the atrocities of the Indian sepoys , British troops were raping and burning down villages in China not that long ago. He quotes the proud numerous proud accounts from British soldiers of routine racist massacre and torture. Such as "not a day passes but we string up ten to fifteen of them(noncombatants)" and "every nigger we meet we either string up or shoot."

Another first rate piece of journalism, is his inagural address to the international working of 1864. Again, no tedious theorizing but a straightforward report on the condition of the British working classes. This was in a period, he notes, which the Chancellor of the Excheqeur slobbered over as a period of unprecedented expansion of wealth for all Britons. He contrasts this with a quote from William Gladstone that this increase in wealth was actually exclusvely confined to the property-owning minority. He quotes extensively from house of lords reports that worry about the severe malnourishment among agricultural laborers and which also noteed that the worst conditions of these laborers was better than the average amongst urban laborers.

The best writing by far is his stuff on the Paris commune of 1871, after France's defeat by Bismark's Prussia. Prussia and the French elite combined to crush these communes. These communes were set up as local, regional and national bodies. However, the local communes had the predominant power. Each body selected delegates to the higher bodies. Each body had reprehensive from the working class paid at workingperson's wages. Any government official could be removed from power at anytime by a recall type action. This is clearly what Marx had in mind as a system to govern the "transition to communism," instead of the dictatorship over the proletariat that was set up in the so-called "communist states" under his name.

The Critique of the Gotha program for 1875 consists of Marx attacking the German workers party somewhat pedantically but it consists of interesting comments. He denounces the party for its advocacy of state power to achieve its ends. He even denounces them for calling for government control of the schools.

Karl Marx: A Life

Francis Wheen

Karl Marx: A Life Francis Wheen Amazon Price: $11.53
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Total reviews: 19 Average rating: 4.0 of 5

Editorial Review:

Karl Marx, whose influence on modern times has been compared to that of Jesus Christ, spent most of his lifetime in obscurity. Penniless, exiled in London, estranged from relations, and on the run from most of the police forces of Europe, his ambitions as a revolutionary were frequently thwarted, and his major writings on politics and economics remained unpublished (in some cases until after the Second World War). He has not lacked biographers, but even the most distinguished have been more interested in the evolution of his ideas than any other aspect of his life. Francis Wheen's fresh, lively, and moving biography of Marx considers the whole man--brain, beard, and the rest of his body. Unencumbered by ideological point scoring, this is a very readable, humorous, and sympathetic account. Wheen has an ear for juicy gossip and an eye for original detail. Marx comes across as a hell-raising bohemian, an intellectual bully, and a perceptive critic of capitalist chaos, but also a family man of Victorian conformity (personally vetting his daughters' suitors), Victorian ailments (carbuncles above all), and Victorian weaknesses (notably alcohol, tobacco, and, on occasion, his housekeeper). But there is great pathos, too, as Marx witnessed the deaths of four of his six children. For those readers who feel Marxism has given Marx a bad name, this is a rewarding and enlightening book. --Miles Taylor, Amazon.co.uk

Left of Karl Marx: The Political Life of Black Communist Claudia Jones

Carole Davies

Left of Karl Marx: The Political Life of Black Communist Claudia Jones Carole Davies Amazon Price: $20.65
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Total reviews: 2 Average rating: 5.0 of 5

Editorial Review:

In Left of Karl Marx, Carole Boyce Davies assesses the activism, writing, and legacy of Claudia Jones (1915–1964), a pioneering Afro-Caribbean radical intellectual, dedicated communist, and feminist. Jones is buried in London’s Highgate Cemetery, to the left of Karl Marx—a location that Boyce Davies finds fitting given how Jones expanded Marxism-Leninism to incorporate gender and race in her political critique and activism.

Claudia Cumberbatch Jones was born in Trinidad. In 1924, she moved to New York, where she lived for the next thirty years. She was active in the Communist Party from her early twenties onward. A talented writer and speaker, she traveled throughout the United States lecturing and organizing. In the early 1950s, she wrote a well-known column, “Half the World,” for the Daily Worker. As the U.S. government intensified its efforts to prosecute communists, Jones was arrested several times. She served nearly a year in a U.S. prison before being deported and given asylum by Great Britain in 1955. There she founded The West Indian Gazette and Afro-Asian Caribbean News and the Caribbean Carnival, an annual London festival that continues today as the Notting Hill Carnival. Boyce Davies examines Jones’s thought and journalism, her political and community organizing, and poetry that the activist wrote while she was imprisoned. Looking at the contents of the FBI file on Jones, Boyce Davies contrasts Jones’s own narration of her life with the federal government’s. Left of Karl Marx establishes Jones as a significant figure within Caribbean intellectual traditions, black U.S. feminism, and the history of communism.

The 18th Brumaire of Louis Bonaparte

Karl Marx

The 18th Brumaire of Louis Bonaparte Karl Marx Amazon Price: $14.03
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Total reviews: 1 Average rating: 5.0 of 5

The Most Accessible of Marx's Work 5 out of 5 stars.
6 of 6 people found this review helpful.

This fascinating extended essay was originally prepared as a series of newspaper articles. It is Marx's careful analysis of the hijacking of the 1848 revolution in France by Louis Bonaparte, the nephew and self styled successor of the great Napoleon. Many readers are dimly aware of this work because it is the source of two of Marx's most quoted remarks; "history occurs as tragedy and recurs as farce," and "man makes his future, only not as he chooses." Marx discusses why the 18th Brumaire occurred, how it occurred, and why it succeeded. Marx deployed all his considerable intellectual tools to produce this analysis and the quality of writing is much more accessible than much of his more scholarly work, proof that he could write well. What is most impressive is Marx's use of class based social analysis combined with an incisive understanding of the intersections of class interests, ideology, and even personality. Individuals, both on the right and left, who have reduced Marx's thinking to sterile economic determinism have never encountered this brilliant work. A model of what can be done when Marxist concepts are used as a point of departure rather than a form of theology.

Editorial Review:

Marx's study of the events leading to the coup d'etat of "Napolean the Little" on December 2, 1851, written within a few weeks of the coup, is one of the first works by Marx in which he states his theory of history. [Facsimile reprint edition.]

Early Writings (Penguin Classics)

Karl Marx

Early Writings (Penguin Classics) Karl Marx Amazon Price: $13.26
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Total reviews: 3 Average rating: 4.0 of 5

To Learn More About A Legend 4 out of 5 stars.
2 of 11 people found this review helpful.

This book gives the reading a kind of "before they were stars" approach. It provides a good spring board to seeing how Marx metamorphasized from Das Capitol into the Communist Manifesto. I recommend this book for anyone who is looking to get to the base of and learn more about this influential write and philosopher.

Editorial Review:

Written in 1833-4, when Marx was barely twenty-five, this astonishingly rich body of works formed the cornerstone for his later political philosophy. In the Critique of Hegel's "Doctrine of the State", he dissects Hegel's thought and develops his own views on civil society, while his Letters reveal a furious intellect struggling to develop the egalitarian theory of state. Equally challenging are his controversial essay, "On the Jewish Question and the Economic and Philosophical Manuscripts", where Marx first made clear his views on alienation, the state, democracy and human nature. Brilliantly insightful, Marx's "Early Writings" reveal a mind on the brink of one of the most revolutionary ideas in human history - the theory of Communism. This translation fully conveys the vigour of the original works. The introduction, by Lucio Colletti, considers the beliefs of the young Marx and explores these writings in the light of the later development of Marxism.

Karl Marx: His Life and Environment, Fourth Edition

Isaiah Berlin

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Total reviews: 10 Average rating: 4.5 of 5

Editorial Review:

First published over fifty years ago, Isaiah Berlin's compelling portrait of the father of modern Communism has long been considered a classic of modern scholarship and the best short account written of Marx's life and thought. It provides a penetrating, lucid, and comprehensive introduction to Marx as theorist of the socialist revolution, illuminating his personality and ideas, and concentrating on those which have historically formed the central core of Marxism as a theory and practice. In turn, Berlin presents an account of Marx's life as one of the most influential and incendiary social philosophers of the nineteenth century and depicts the social and political atmosphere in which Marx wrote.

This edition includes a new introduction by Alan Ryan which traces the place of Berlin's Marx from its pre-World War II publication to the present, and elucidates why Berlin's portrait, in the midst of voluminous writings about Marx, remains a classic account of the personal and political side of this monumental figure.

Max Weber and Karl Marx (Routledge Sociology Classics)

Karl Lowith

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Lowith's Argument Remains Important 5 out of 5 stars.
4 of 4 people found this review helpful.

Lowith's 1932 essay on Marx and Weber remains the definitive statement of the deep commonalities between these two thinkers. That is, it argues that Weber's central concern is to develop a fundamental theory of capitalism, as with Marx. For decades, it was "necessary" to attempt to parry Marx with Weber. Lowith's stood as an accusation of "bad faith" with regard to all such attempts, especially those who would evacuate Weber of all critique, even if only existential. Derek Sayer's "Capitalism and Modernity" is perhaps most in the spirit of this minor masterpiece.

Editorial Review:

Karl Lowith's study of Max Weber and Karl Marx is a key interpretation of both the theme of alienation in Marxist theory as well as the subject of rationalization in Weber's sociology. Lowith's philosophical approach, a product of Heidegger's existentialism, shows how both Marx and Weber work toward a common ``life-philosophy.'' Lowith's analysis of the philosophical anthropology of Marxist theory and sociology also demonstrates that much of the ideological dispute between these two branches of thought is the result of a mutual misunderstanding. Lowith's book remains the best short introduction to the differences and similarities between Weber and Marx. This edition also includes a preface from Professor Bryan S. Turner, who demonstrates the book's relevance to contemporary sociology.

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