The Worldly Philosophers - The Lives, Times, And Ideas Of The Great Economic Thinkers, Fifth Edition, Completely Revised

Readers widely praise this book as an engaging and entertaining introduction to the history and philosophy of economic thought. Many found its lucid prose and narrative style made a traditionally dry subject accessible and interesting, offering a solid foundation for those new to economics or previously intimidated by it. The book is commended for effectively tracing the development of economic ideas through the lives and times of influential thinkers such as Adam Smith, Karl Marx, John Maynard Keynes, and Joseph Schumpeter. Reviewers appreciated the historical context provided for each economist, explaining how their theories emerged from or reacted to prior thought, often interwoven with fascinating biographical anecdotes and a touch of wit. Its enduring relevance and status as a classic are frequently noted, making it a valuable resource for students and general readers alike.

However, some reviewers expressed reservations regarding the book's balance, suggesting it sometimes prioritized biographical details over a deeper exploration of complex economic theories. A recurring criticism points to the book's perceived ideological leaning, with some identifying a leftist or socialist bias that influences the presentation of various economists and schools of thought, and an alleged downplaying or exclusion of free-market perspectives like the Chicago or Austrian Schools. This perceived partiality, combined with the book's publication history, led some to view it as somewhat outdated in its coverage of more recent economic developments. Additionally, a few readers felt certain complex theories, particularly those of Marx, were either oversimplified or misrepresented without sufficient explanation of their disproofs, leading to a less comprehensive understanding.

Overall, this book is highly recommended as a compelling and informative overview of the major economic thinkers and their ideas throughout history. It is particularly well-suited for readers with a modest interest in the historical and philosophical dimensions of economics, including beginners, students seeking foundational knowledge, or anyone looking for a humanistic narrative rather than a technical, mathematically intensive analysis. While its scope may not fully encompass contemporary economic thought and its perspective has been noted by some as leaning left, its engaging style, clear explanations, and rich historical context make it a valuable and enjoyable read for understanding how economic ideas have shaped our world.