Fortune Encyclopedia of Economics in Alexandria
By David Henderson
The predecessor to The Concise Encyclopedia of Economics was The Fortune Encyclopedia of Economics. I received the following e-mail from Mark Skousen, just back from a trip to Greece, Turkey, Israel, Egypt, and Italy (edited for space):
I lasted visited this region in 2001, and since then, there’s been incredible growth in every country except Egypt (which is still dirty and poor).
While in Alexandria, we visited the brand new magnificent Library of Alexandria, reputed to be the third largest in the world, and I checked to see what books they carried. The bias was apparent–they had 35 books by Karl Marx, 19 by Lenin, 14 by Keynes, 13 by Adam Smith, 12 by Hayek, 8 by Schumpeter, and 2 by Mises……And only one by Milton Friedman (“Capitalism and Freedom”). No books by Murray Rothbard, Art Laffer, Tyler Cowen, Walter Williams, Pete Boettke, or James Buchanan!
But they did carry Henry Hazlitt’s “Economics in One Lesson.”
Plus your “Fortune Encyclopedia of Economics”!
Amazingly, they carried two of mine, “Puzzles and Paradoxes in Economics” (Edward Elgar, 1997), and “The Big Three in Economics” (ME Sharpe, 2007). No doubt they chose to carry the latter because Karl Marx is listed in the subtitle.
No wonder Egypt is still a Third World country……