With over two million copies sold worldwide, The Worldly Philosophers is one of the most widely read texts on the history of economics ever written. It defines the common thread linking the world's greatest economic thinkers from Adam Smith to Malthus, from Marx to John Maynard Keynes, and explores the philosophies that motivated them. This not only enables us to see more deeply into our history, but, through understanding how a capitalist society works, also helps us to better understand our own times.
In a bold new last chapter entitled 'The End of the Worldly Philosophers?', Heilbroner reminds us that the word 'end' refers both to the purpose and the limits of economics. He argues that today's increasingly 'scientific' economics may overlook fundamental social and political issues that are central to economics. Thus, unlike its predecessors, this new (seventh) edition provides not just an indispensable illumination of our past, but also a call to action for our future.
About the Author
Robert L Heilbroner is the Norman Thomas Professor of Economics, Emeritus at the New School For Social Research, New York. He is author of more than 20 books, and has contributed to the New Yorker. He lives in New York City.
I. Introduction - 13
II. The Economic Revolution - 18
III. The Wonderful World of Adam Smith - 42
IV. The Gloomy Presentiments of Parson Malthus and David Ricardo - 75
V. The Dreams of the Utopian Socialists - 105
VI. The Inexorable System of Karl Marx - 136
VII. The Victorian World and the Underworld of Economics - 170
VIII. The Savage Society of Thorstein Veblen - 213
IX. The Heresies of John Maynard Keynes - 248
X. The Contradictions of Joseph Schumpeter - 288
XI. The End of the Worldly Philosophy? - 311
A Guide to Further Reading - 323
Notes - 331
Index - 345