Crain, Cynthia D. Adam Smith.

Crain, Cynthia D. Adam Smith.
Morgan Reynolds 2010 155p 28.95 978-1-59935-107-0 ms/hs
Profiles in Economics(MR)

An observer of human nature and a man of delicate health, Adam Smith dedicated his life to becoming a scholar and an economist. An intellectual who enjoyed reading more than he did his classes, he read books about philosophers and later established a written communication with Hume. A biography of Adam Smith, a scholar, philosopher and intellectual. An observer of human nature and a man of delicate health, Adam Smith dedicated his life to becoming a scholar and an Economist. His love of books led him to read scholarly book and enjoyed reading all sorts of book to taking classes. He read about the greatest philosophers from the past and corresponded with philosophers of his time. He became very good friends with David Hume, a historian more than philosopher and he was an excellent economist. A very religious and moral man, Adam Smith gave public lectures, became a professor at the university of Glasgow and in 1751 published The Theory of Moral Sentiments. His greatest piece is the book called “An Inquiry into the Nature and Causes of the Wealth of a Nation” also known as The Wealth of a Nation. An in depth look at a very complex man whose thoughts may have been before his time. Includes: Index, Web Sites, Bibliography and Time Line. Diaz, Magna

Crain, Cynthia. Milton Friedman.

Crain, Cynthia. Milton Friedman.
Morgan Reynolds 2010 144p 28.95 978-1-59935-108-7 ms/hs
Profiles in Economics(MR)

Presents the economic philosophy, professional and personal life of Milton Friedman, who shook up reigning political economic theory, preferring a free market economy. Colorful photographs, timeline, further reading, chapter notes and index complete the book. For grades 7-12. Crain and Lee provide an introduction to Friedman’s free market economic theory that diverged markedly from the prevailing Keynesian model of how government interaction affects a national economy. Friedman was an entrepreneur from his early school days at Rutgers throughout his life. His personality made him welcome in academic circles and his hard work and keen mathematical ability made him a force to be reckoned with as he turned the economic world on its head by disparaging Keynesian economic model in favor of a free market economic theory. Crain and Lee present the personal side of Friedman as he meets the love of his life. His wife Rose, a brilliant economic mind in her own right was able to debate with Friedman as well as present herself admirably at summits of the best economic minds of the time. The couple was welcome across the globe and made and kept friends whether heads of state or students. The reader is introduced to Friedman’s economic concepts in such a way as to gain a basic understanding of the effects of a free market system on the cycle of recession and economic depression. Color photographs enhance the text. Timeline, further reading, chapter notes and index complete the book. Strongly recommended for middle and high school students interested in economics. Lois McNicol