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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 8: The Savage Society of Thorstein Veblen

Robber Barons Unscrupulous titans of U.S. finance and industry, including Jay Gould, Jim Fisk, and Cornelius Vanderbilt. The term was derived from the title of a book by Matthew Josephson.

Conspicuous Consumption The use of material goods to flaunt a person's belonging to a moneyed or privileged class.

Technocracy Government run by technical experts, with money replaced by work units of currency.

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