Showing posts with the label The Worldly Philosophers

Book Review: The Worldly Philosophers by Robert Heilbroner

Have you ever wondered how the world's economic system developed? If you have then you are not alone. Between the covers of The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers you can quench your thirst for the knowledge of how both society and the economy developed hand-in-hand. Today's economic decisions rest on ideas of the economic thinkers like Adam Smith, Parson Malthus, John Maynard Keynes, Carl Marx, Joseph Schumpter and J.S. Mills. The book moves through the historical development of society and the economic system. Each concept provides further understanding of the nature of society and the development of modern commerce. The economists chosen as subjects have created larger influences on world development and understanding. It is through this understanding that we can see why the U.S., the European Union, and China have different currencies and different spheres of economic influence. Business owners, investors, and decision mak