The ideas of economists and social philosophers shape actions and events even when we are unaware of their sources. They have a decisive influence on the great rush of revolution and change through which the world has passed in the last two hundred years. Professor John Kenneth Galbraith traces these ideas and their consequences from Adam Smith, through Marx and Lenin, to Keynes and to the thinking that gave shape to the concepts of the Cold War, the corporation and, now, the conflicts and concerns of the Third World.
1 - The Prophets and Promise of Classical Capitalism
The ideological development of classical capitalism in Britain and France and its flowering into an accepted certainty in the United States in the late 19th century. It discusses the contributions of Adam Smith, David Ricardo and Thomas Malthus.