'Outstanding ...Fun to read' - "Wall Street Journal". Would Karl Marx have to revise his theories since the collapse of the Soviet Union? What would Adam Smith make of the Japanese economic miracle turning into an economic morass? The great economists of the past 200 years may no longer be with us, but their ideas are very much alive - and they have vital relevance to today's increasingly complex economic picture. In this witty book, Buchholz takes age-old economic theories and applies them to contemporary issues. Featuring material on the latest shifts in the world economy, this is a fascinating, balanced guide to understanding the economy, past and present.