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The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers, Seventh Edition, by Robert L. Heilbroner
Download The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers, Seventh Edition, by Robert L. Heilbroner
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Review
“A brilliant achievement.” —John Kenneth Galbraith“If ever a book answered a crying need, this one does. Here is all the economic lore most general readers conceivably could want to know, served up with a flourish by a man who writes with immense vigor and skill, who has a rare gift for simplifying complexities.” —The New York Times“Robert Heilbroner's The Worldly Philosophers is a living classic, both because he makes us see that the ideas of the great economists remain fresh and important for our times and because his own brilliant writing forces us to reach out into the future.” —Leonard Silk“The Worldly Philosophers, quite simply put, is a classic....None of us can know where we are coming from unless we know the sources of the great ideas that permeate our thinking. The Worldly Philosophers gives us a clear understanding of the economic ideas that influence us whether or not we have read the great economic thinkers.” —Lester Thurow“Sinclair Lewis's Arrowsmith inspired several readers to become Nobel laureates in biology. Robert Heilbroner's new edition of The Worldly Philosophers will inspire a new generation of economists.” —Paul Samuelson
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From the Back Cover
The Worldly Philosophers is a bestselling classic that 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.
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Product details
Paperback: 368 pages
Publisher: Touchstone; 7th Revised edition (August 10, 1999)
Language: English
ISBN-10: 9780684862149
ISBN-13: 978-0684862149
ASIN: 068486214X
Product Dimensions:
5.5 x 0.9 x 8.4 inches
Shipping Weight: 12 ounces (View shipping rates and policies)
Average Customer Review:
4.5 out of 5 stars
227 customer reviews
Amazon Best Sellers Rank:
#20,053 in Books (See Top 100 in Books)
I read this book 25 years ago, and recently reread parts of it. What a great book! Many of the most prominent living economists have justly heaped praise on Heilbroner's masterpiece. I can only add my hearty agreement.
From time we find books like this. A book full of insight, information and lessons about the world. Yes, from time to time you read a book that is more than its subject because the scope is so wide and open. In cases like this, everything seems to make sense and get connected, from an equation in mathematical terms to a rainy day in London. Yes, I loved the reading because it teaches something new about something that seems quiet obvious or trivial. Everyone has a theory and a solution to the inequality or the famine in the world, but more often than not, they are all wrong. As M. Gladwell once said, people lacks theories and --usually-- they act ignoring this tiny detail. Theories, explanations, this is what our curious philosophers gives us to see the world the other way round, i.e., as it really is.Now the book: With an exquisite, elegant and appealing style, Robert Heilbroner goes along three centuries or so in which economics has lived with us in the modern sense of the word. To make the difference he explains the emergence of the politics, markets and the capital as connected phenomenons. Never before the world had seen something like this. That's why Adam Smith wrote "An inquiry into the nature and causes of the wealth of nations" on 1776 and not before. I would say that this is the first important lesson that Mr. Heilbroner gave me, a very layperson in this topic.The book is organized in ten chapters that covers from mid eighteenth century to mid twentieth century. Every chapter transmit the context and the predominating ideas of some worldly philosopher about the changes and disruptions that economics has undergone. The underlying idea of the book is to tell the tale through the heroes of the story rather than the processes. In this sense every reader could disagree with the selection that the author made to tell the story. Why not this or that economist, but in this sense I would remain the sentence that J. L. Borges used to settle the point: there is no anthology that doesn't begin well and doesn't end bad. And this selection --like any other-- is not an exception.Every economist is presented with his history together with his legend. All of them were really strange and freaky guys. All of them were smart and clever enough to grasp the contents of a world --our world-- which is very introspective and it doesn't speak so much about itself. So they explain the world and then they say what would happen to it in the next future if it follows the same path.I would say that every philosopher had an explanation to show how the machinery of economics worked. And I would add that all of them --even Adam Smith-- had a prophecy about the future of that machinery. This is what the book does. It gives you the character, then the ideas and, finally, the prophecies of this heroes. In a sense, all of them were right and all were wrong. The thing is that philosophy is neither a science nor a discipline that gives you a recipe for not committing mistakes. Philosophy is a discipline that gives you the tools for explaining the world showing --at the same time-- the underlying foundations that makes you feel sure about what you say. That's why our worldly philosophers could attack and criticize each other with very dangerous and lethal (i.e., intellectual) weapons.What do we find at last? We find an unforgettable last chapter that speaks about the future, as did the philosophers, of economics. The title of the chapter is "The end of the worldly philosophy?" so you you have to notice the subtle pun between philosophers and philosophy that hides with a hussy smile the last and important message of Heilbroner. I'm not going to talk about that because it would be like revealing the name of the murderer in a detective story so this will be your task as a reader if you make the decision of reading the book.This book!One with highly deserved five stars.
This is a very important text for any student of philosophy, economics, history or sociology. It was first written in 1953, but I purchased the revised 7th ed. which was published in 1999. Its one of only a few economic texts which makes a specific mention of a permanently advancing economic paradigm. The proper, technical name for this type of economic paradigm is Permagrowth - a steady, annual, compounding increase in aggregate econominc activity. The more familiar name is Capitalism, but you could easily use the terms Communism or Socialism - depending on ones particular political ideology. Heilbroner begins with Adam Smith, and leads you through the worlds of Malthus, Ricardo, Marx, Marshall, Veblen, Keynes, Schumpeter - and a few others, so as to explain the manner in which different economic ideas influenced the rise and rise of Capitalism as a major economic way of life. Its well written, easy to follow and understand, but leaves one with a very uneasy feeling: Capitalism cannot be sustained and will stagnate, falter then decline. Again its one for your personal library. There is no bibliography - the author explains why, but there are set of numbered notes accompanying each of the eleven chapters. A lay person would certainly be able to follow and understand this book, though some of the areas covered by the author do need a knowledge of economics.
“The Worldly Philosophers†fills a niche and for that reason alone it is a must-read. It covers the ideas of some major economists and situates these ideas in the context of their biographies and the historical events that influenced them (Adam Smith, Malthus, Ricardo, Saint-Simon, Robert Owen, J.S. Mill, Marx, Alfred Marshall just barely, Henry George, Veblen, Keynes and Schumpeter). Moreover, it is written in a non-academic, non-technical style suited to the general reader who is looking for an accessible introduction to the history of economic thought. Some chapters are better than others: Heilbronner is at his best when discussing Marx and Keynes, and he offers a very balanced discussion of Marx, both what he got wrong and what he got right.However, the book has many problems, beginning with the title, which is a misnomer. Although Smith, Mill and Marx happened also to be philosophers, what all the men in this book have in common is that they were economists. But Heilbronner realized that the title “The Great Economists†that his publisher suggested would not sell books. The book is outdated, having been originally written in 1953, and even the seventh and final edition dates back to 1999; Heilbronner died in 2005, so no further updates will be made available. It omits a number of important economists such as Ludwig von Mises, Friedrich Hayek and Milton Friedman; and of course it makes no mention of more recent economists and their works, such as Krugman and Piketty. Only about one page is dedicated to the Physiocrats, who preceded Adam Smith. The “Guide to Further Reading†in the back is outdated. At times the writing style is somewhat rambling.Although this book is a bit of a classic, there are better books on this topic. I would recommend “Economics Evolving: A History of Economic Thought†or Jerry Muller’s “The Mind and the Market†for those interested in learning about the history of economic thought.
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