Monday, February 20, 2012

The Worldly Philosophers

The worldly philosophers:  the lives, times, and ideas of the great economic thinkers/Robert Heilbroner 365 pgs.

This is an update of a classic book that I read years ago as an undergrad.  Heilbroner has a perfect way of mixing biographical information with the more technical and philosophical ideas of each of these great economic minds.  I had forgotten how much fun it is reading about the oddities of Thorstein Veblen and David Ricardo not to mention J. M. Keynes whose ideas were very well represented in my economics education many years ago.  It is great that Heilbroner did such a good job of updating this book and I wonder now that he has died if updates will continue.  Interesting in the final chapter when he states that economics does not lend itself to the huge philosophical undertakings of the past greats anymore.  Perhaps since so many of these theories exist, there isn't really room for it anymore but most often, modern economists focus on smaller issues and specialize. Still a good book for those interested in the subject.

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