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The Worldly Philosophers

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Robert Louis Heilbroner Biography

About The Worldly Philosophers

Summary and Analysis by Chapter

Chapter 1: Introduction
Chapter 2: The Economic Revolution
Chapter 3: The Wonderful World of Adam Smith
Chapter 4: The Gloomy Presentiments of Parson Malthus and David Ricardo
Chapter 5: The Visions of the Utopian Socialists
Chapter 6: The Inexorable System of Karl Marx
Chapter 7: The Victorian World and the Underworld of Economics
Chapter 8: The Savage Society of Thorstein Veblen
Chapter 9: The Heresies of John Maynard Keynes
Chapter 10: The Contradictions of Joseph Schumpeter
Chapter 11: Behind the Worldly Philosophy

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Summary and Analysis by Chapter

Chapter 4: The Gloomy Presentiments of Parson Malthus and David Ricardo

Iron Law of Wages Labor's wages must remain at the subsistence level, or natural price, because of the worker's tendency to produce more children. (David Ricardo)

Malthusian Doctrine Thomas Malthus' thesis that population, unless checked, grows at a greater rate than the means of subsistence and will result in starvation.

Neo-Malthusianism A name originally denoting birth control.

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