The book “Philosophers of the World” is an analysis of the contributions of great minds to the field of economics with a broader view of crucial economic aspects that include political and social factors. In this regard, this analysis summarizes the author's views on what comprises economics in light of their analysis of the contributions of several economists. Furthermore, the analysis explains the author's point of view on the topic of comparative advantage by citing the strengths and weaknesses of the book, as well as the author's position on the topic. Finally, the analysis provides reasons to agree or disagree with the authors' position.Discussion1. Summary of the authors' views on what economics comprises According to HeilBroner in his review of Adam Smith's contribution, economics is all about the concepts of production, exchange, distribution and consumption of wealth. In this regard, these are the concepts that appear in his review of Smith's wide range of literary works on the subject, with the best summary of the concepts found in his analysis of the book “The Wealth of Nations.” In that book, Smith's definition of economics is a science concerned with wealth comprising traded goods and services, while his view of production revolves around its determinants which he defines as capital, land, and labor. On the other hand, Smith sees exchange as an economic concept since the goods and services produced must be exchanged between economic units in order to achieve an equilibrium between surplus producers and consumers. As for distribution, according to Smith the concept concerns the allocation of goods and services exchanged between units of a society. Finally, Smith's view on consumption is that it covers a... middle of the paper... he sees economics as a field that focuses on and includes the study of wealth in its relationship to production, exchange, distribution and wealth. consumption. Furthermore, the discussion demonstrated the need to consider the progress of systems and markets in the analysis of the concept of comparative advantage since the modern economy and its systems have different aspects which include an advanced capitalism which has different effects from those they had in precedence. Works Cited Barron, John and Lynch Gerald. Economy. Boston: Richard D. Irwin Inc, 1989. PrintFrank, Robert and Bernanke, Ben. Principles of microeconomics. New York: McGraw-Hill/Irwin, 2001. Print.HeilBroner, Robert. Worldly Philosophers: The Lives, Times, and Ideas of Great Economic Thinkers. 7th ed. New York: Touchstone, 1999. Print.Riesman, George. Capitalism: a treatise on economics. New York: TJS Books, 1996. Print.