The book looks at the ideas of Karl Marx, Adam Smith, John Stuart Mill, David Ricardo, Thorstein Veblen, Jevons, Malthus, Marshall and John Maynard Keynes. And reaches the idea that all economists sought to understand the same main idea: how humans behave in a society.
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The Worldly Philosophers is your hands-on guide to economics, how the world works overall but especially from a financial point of view, what are the social and economic systems that existed throughout history, and how certain people’s concepts got to shape the world we know today.
The Worldly Philosophers covers the lives and works of many of the most influential economists in history, providing detailed biographical information about each one and explaining what their contributions were.
It also provides an overview of how economic thought has developed over time a...
“As long as custom and command ruled the world, the problem of riches and poverty hardly struck the earlier philosophers at all, other than to be accepted with a sign or railed at as another sign of man’s inner worthlessness”
-Robert L. Heilbroner
Regardless of the theories they produced, every economist wanted to find out how to organize a society in the best way, economically and socially speaking.
The economists’ quest for this holy grail underlies their seemingly disparate approaches and theories. Yet their shared desire has led...
History proves once again to be the teller of our present and future. And the best metric to analyze our actions and their consequences today. Actions of the past show how rulers who enforce their visions upon citizens and interfere with the economy and deemed to fall.
The 5-year economic p...
Many consider Adam Smith as the father of modern economics. That’s because he popularized a highly relevant piece of writing in 1776 titled “The Wealth of Nations”. This paper created a theory that provides a simple answer for how markets are highly efficient. And they regulate themselves through...
The 30-year-old person who is passionate about economics and the biographies of major influential figures in the economy, the 22-year-old student who wants to study outside their curricula, or the 34-year-old stock market investor who wants to gain a deeper understanding of the field by studying ...
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The history of positive economics can be traced back to the 19th century from the ideas of John Neville Keynes and John Stuart Mill, who were early economists.
Keynes believed that logic and methodology were imperative in the study of economics while Mill was an economist who blended econo...
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