The Worldly Philosophers Heilbroner

The Worldly Philosophers is a book written by Robert Heilbroner. It introduces the thoughts of several known economists. Heilbroner puts economic problems in social and political backgrounds and makes reasonable analysis.
In Chapter Three, The Wonderful World of Adam Smith, Heilbroner mainly talks about Adam Smith and his masterpiece Wealth of Nations. Adam Smith is a genius young professor in Oxford University and then in Glasgow University, one of the greatest philosophers and economists of all time and the author of An Inquiry into the Nature and Causes of the Wealth of Nations and The Theory of Moral Sentiments. Wealth of Nations, an epic in economic world, is a “philosophy of wealth” according to Heilbroner. First, he introduces Adam Smith’s laws of market, which is the “invisible hand”. People are self-interest, which “acts as a driving power to guide men to whatever work society is willing to pay for” (55). Self-interest impulses people to do something to bring benefits. Another regulator of market is competition, which makes self-interest people able to make contributions to earn profit for the whole society. “The selfish motives of men are transmuted by interaction to
Although the government is raising the minimum wage, the wage is still very low. Many companies are trying their best to give the employees the lowest wage as they can get in order to maximize the profit. The labor forces can only survive just right with the slender income. The existence of minimum wage actually legalizes the low wage. What Marx wish to unite all the proletariat to overthrow the capitalism and create a society with no classes. Just like Marx said: "It is high time that Communists should openly, in the face of the whole world, publish their views, their aims, their tendencies, and meet this nursery tale of the spectra of communism with a manifesto of the party