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The bestselling classic that examines the history of economic thought from Adam Smith to Karl Marx—“all the economic lore most general readers conceivably could want to know, served up with a flourish” (The New York Times). The Worldly Philosophers not only enables us to see more deeply into our history but helps us better understand our own times. In this seventh edition, Robert L. Heilbroner provides a new theme that connects thinkers as diverse as Adam Smith and Karl Marx. The theme is the common focus of their highly varied ideas—namely, the search to understand how a capitalist society works. It is a focus never more needed than in this age of confusing economic headlines. In a bold new concluding chapter entitled “The End of the Worldly Philosophy?” Heilbroner reminds us that the word “end” refers to both the purpose and limits of economics. This chapter conveys a concern that today’s increasingly “scientific” economics may overlook fundamental social and political issues that are central to economics. Thus, unlike its predecessors, this new edition provides not just an indispensable illumination of our past but a call to action for our future.
Introduction.--The economic revolution.--The wonderful world of Adam Smith.--The gloomy world of Parson Malthus and David Ricardo.--The beautiful world of the Utopian socialists.--The inexorable world of Karl Marx.--The Victorian world and the underworld of economics.--The savage world of Thorstein Veblen.--The sick world of John Maynard Keynes.--The modern world.--Beyond the economic revolution.--A guide to further reading (p. 320-326).
Presents an overview of economic thought through the writings of twenty philosophers representative of the historical development of economic theory.
In The Worldly Philosophers, Robert Heilbroner set out to describe what the great economists thought would happen to the system of capitalism. In later books. Professor Heilbroner projected his own views about the future of the capitalist system. Now he asks a still more demanding question: What is capitalism? In search of an answer, The Nature and Logic of Capitalism takes us on a far-ranging exploration to the unconscious levels of the human psyche and the roots of domination and submission; to the organization of primitive society and the origins of wealth; to the sources of profit and the conception of a "regime" of capital; to the interplay of relatively slow-changing institutions and the powerful force of the accumulation of wealth. By the end of this tour we have grappled not only with ideas of Adam Smith and Karl Marx but with Freud and modern anthropologists as well. And we are far closer to understanding capitalism in our time, its possibilities and limits.
Two of America's most respected economists clarify the basics of economics for everyone who wants to understand the nature of the economic forces that seem to rule our lives. "Clarity triumphant, whether the topic is inflation or government, markets or Marx".--Newsday.
"Genuinely open-minded and inquiring. . . .it intelligently summarizes and shrewdly questions four central topics of Marxist thought—the dialectical approach to philosophy, the materialist interpretation of history, the socio-analysis of capitalism and the commitment to socialism." —Raymond Williams, Cambridge University In the lucid style and engaging manner that have become his trademark, Robert L. Heilbroner explains and explores the central elements of Marxist thought: the meaning of a "dialectical" philosophy, the usefulness and problems of a " materialist" interpretation" of history, the power of Marx's "socioanalytic" penetration of capitalism, and the hopes and disconcerting problems involved in a commitment to socialism. Scholarly without being academic, searching without assuming a prior knowledge of the subject, Dr. Heilbroner enables us to appreciate the greatness of Mark while avoiding an uncritical stance toward his work.
"Guide to further reading": pages 307-312.
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Gathers selections from Smith's economic writings, discusses his theories, and assesses their influence on modern economics.