Synopses & Reviews
A clash of economic theories continues to dominate into the twenty-first century. The battle lines are drawn between the Keynesian model of aggregate demand and consumer spending, and the supply-side model of capital investment and saving. Which best reflects the dynamics of the booming global economy? Does aggregate demand determine business activity, new technology, and job creation? Or is economic growth driven by the agents of supply-entrepreneurs, capitalists, and savers? Since its release in 1990,
The Structure of Production has been the underground bible for supply-side economics and Austrian macroeconomics, and an analytical tool to explain asset bubbles, commodity inflation, and financial instability.
Mark Skousen provides a new introduction that updates his four-stage model with new statistical evidence, applications to textbooks, and historical interpretation. He broadens his industrial model into a universal goods-and-services model; updates his “total spending” statistic (now GRE); and applies his time-structural model to recent financial events and government policies. Skousen also introduces new diagrams and models to improve pedagogy in the classroom: the “natural” rate of interest hypothesis; a new micro model using the P&L income statement that explains downsizing, upsizing, and creative destruction dynamics in the global economy; and a pro-saving diagram as an alternative to Keynesian “paradox of thrift.”
Review
“The first edition of this book was a truly path-breaking venture in the history of sociology textbooks. This second edition retains all the qualities of the first and is an even more impressive, stimulating, and not least, very readable work.”
-Roland Robertson,author of Globalization: Social Theory and Global Culture
Review
“The next economics will have to be centered on supply and the factors of production rather than being functions of demand. I've read Mark Skousens book twice, and it comes the closest to achieving this goal.”
-Peter F. Drucker,Claremont Graduate University
Review
“Skousens Structure of Production should be a required text at our leading universities. The book masterfully juxtaposes the ideas of the 'Austrians' against mainstream economics yet it is balanced, fair, well written and clearly illustrated. It is an important book for students of economics and a treasure for academics.”
-John O. Whitney,Emeritus Professor in Management Practice at Columbia University
Synopsis
Offering an innovative new approach to sociology that takes the global dimensions of the contemporary world as its overarching framework, Global Sociologyis written in a style that is relevant and fresh for the undergraduate reader whether they have studied sociology before or approaching the subject for the first time.Carefully balancing contemporary sociological theory and concepts with arguments and concrete examples drawn from around the globe, Global Sociologyhighlights the scope and the importance of sociology for understanding the complex and fast-changing world in which we live. In twenty chapters, the authors consider an immensely rich and diverse range of material, from the emergence of global society and debates surrounding its social, political and economic structure, to topics such as migration, tourism, crime, drugs, famine, mass media, feminism and the environmental movement. The text includes an extensive glossary, boxed case studies, suggestions for classroom projects and seminar activities, and numerous graphs and illustrations. Accessibly written and jargon-free, Global Sociologyis the ideal introduction to the topic for students.
Synopsis
The second edition of this pioneering text,
Global Sociology, offers an innovative approach to sociology that takes the global dimensions of the contemporary world as its overarching framework. Fully revised and updated with a new Introduction and three new chapters,
Global Sociology is written in a fresh and relevant style for undergraduate readers whether they have studied sociology before or are approaching the subject for the first time.
Carefully balancing contemporary sociological theory and concepts with arguments and concrete examples drawn from around the globe, Global Sociology highlights the scope and the importance of sociology for understanding the complex and ever-changing world around us. This new edition reflects current world events and debates in the discipline, importantly covering the aftermath of September 11, the new terrorist threat, and the impact of globalization.
Synopsis
The second edition of this pioneering text, Global Sociology, offers an innovative approach to sociology that takes the global dimensions of the contemporary world as its overarching framework. Fully revised and updated with a new Introduction and three new chapters, Global Sociology is written in a fresh and relevant style for undergraduate readers whether they have studied sociology before or are approaching the subject for the first time.
Carefully balancing contemporary sociological theory and concepts with arguments and concrete examples drawn from around the globe, Global Sociology highlights the scope and the importance of sociology for understanding the complex and ever-changing world around us. This new edition reflects current world events and debates in the discipline, importantly covering the aftermath of September 11, the new terrorist threat, and the impact of globalization.
About the Author
Mark Skousen is Benjamin Franklin Chair of Management at Grantham University. In 2004-05, he taught economics and finance at Columbia Business School and Columbia University. He is the editor-in-chief of the investment newsletter Forecasts and Strategies, and the author of several books, including The Making of Modern Economics and The Power of Economic Thinking.