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Economic Logic Fourth Edition

Economic Logic Fourth Edition is a textbook designed for students and professionals seeking a deeper understanding of economic concepts. It covers a wide range of topics, including microeconomics, macroeconomics, and the application of logic in economic decision-making. The book emphasizes the importance of critical thinking and analytical skills in economics, and provides numerous examples and exercises to reinforce learning. This updated edition features contemporary case studies and discussions on recent economic events, making it an essential resource for those interested in the field. more

Author

Mark Skousen
Mark Skousen

Mark Skousen is an American economist born in 1947. He is known for his extensive research and teaching in the field of economics, particularly in macroeconomics and investment theory. Professor Skousen has held teaching positions at several renowned universities and has authored numerous economics textbooks. more

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“Most of Marx's predictions have failed to materialize, and his labor theory of value and other ideas have been proven wrong. Marx failed to recognize the incentive system built into the capitalist model - consumer choice and the profit motive of the entrepreneur. The irony is that capitalism, not socialism or Marxism, that has liberated the worker from the chains of poverty, monopoly, war, and oppression, and has better achieved Marx's vision of a millennium of hope, peace, abundance, leisure, and aesthetic expression for the 'full' human being.”