The power of economic thinking can be explained by seven core principles, which are accountability, investments, economy, incentive, freedom of choice, nondiscrimination, and one price. By understanding and incorporating these principles, better decisions will be made on individual, corporate, and government levels.
To explain this thesis, the author offers analyses of key economists who have changed their views over time, an examination of major domestic and international issues, and an explanation of how economists can predict which politicians will be successful.
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"Very interesting - a little too technical at times for me."
— Cindy (4 out of 5 stars)
“Mark Skousen is an able, imaginative, and energetic economist.”
— Milton Friedman, Nobel Laureate in Economics“Skousen’s breakthrough book bring us up to date on this fascinating development. Visionary economists are showing us creative ways to reduce world poverty, eliminate traffic jams, solve the health care crisis, save more and invest better, make business and labor more productive, improve education, cut crime, and even reduce tensions and establish peace in war-torn regions of the world. Read this book and discover a new brand of economics!”
— John Mackey, CEO, Whole Foods Market“Skousen does a wonderful job explaining how a new generation of economists is making a difference.”
— Arthur B. Laffer, president, Laffer Associates" The book was okay but the author didn't always support his views with as much evidence as I would like. The Notes section at the end was great though, because it included a bibliography of all the books and articles he'd referenced throughout. I've added several of those to my reading list. "
— Jacqui, 6/26/2011" I found the first few chapters of this book to be informative. Once you reached the case studies it became apparent that the author leans quite far to the right and his writing style was pompous. Personally, I did not much care for the book. "
— Megan, 6/5/2009
JoAnn Skousen is the associate editor of Forecasts & Strategies. She is the coauthor of a number of books on investing, including the bestseller High Finance on a Low Budget. The former editor of Money Letter for Women, she currently teaches English at Mercy College in Dobbs Ferry.
Jeff Riggenbach (1947-2021) narrated numerous titles for Blackstone Audio and won an AudioFile Earphones Award. An author, contributing editor, and producer, he worked in radio in San Francisco for more than thirty years, earning a Golden Mike Award for journalistic excellence.