karl marx, an intellectual? >> guest: oh, yes. these were all intellectuals. the way i define an intellectual is someone who thinks that ideas matter more than people. i don't agree with that, of course. i think people matter much more than ideas. but most intellectuals do fall into that category. and certainly, karl marx did because he didn't think people mattered at all. what he thought mattered were ideas, particularly his own. so i'm rather proud of that book because i managed not merely to identify this great weakness in intellectuals, their concern for ideas rather than people, but i managed to get in quite a lot of jokes, particularly when dealing with people, sound rells like -- scoundrels like russo and percy shelley and marx himself, i got some good jokes in there. so i often get postcards from readers saying thanks for the all the jokes you put in "intellectuals." and that gratifies me, because one of the things i think that there is not enough humor in books. particularly important, solid historical and formidable books. they tend to be written in

. >> i was sure that this was a sentence written by karl marx. but they say this in light of love and war happened to be a specialist in the works of carl marks and he told me that he couldn't find this sentence and -- [speaking spanish] so i began looking at myself in my books and i couldn't find it but i was absolutely sure that i had read that and that it was a sentence. so i answered to my translator don't worry. the sentence is a sentence but he forgot to write a. [laughter] [applause] >> i like especially what eduardo said that each of us contains a little heaven and a little hell. it's a wonderful concept. and -- >> some people think it is much bigger than this. [laughter] >> and it is a small thing like the heavens. i want to thank edward you very much for being with us tonight [applause] >>> on book tv we want to introduce you to the director of the yale university press of john donavich. >> we are excited about a number of things. i would start by how the gardiner and katie davis. now, howard gardiner is probably one of the country's to

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that, in turn, strongly influenced the 19th century thinkers and a potential heir to the particular karl marx. if you read the early march, the 1840's marks, he was at that time it technology writer concerned precisely with this issue. i realized i was driving on alma listening to kate tsa, but that did not know. i thought it was kqed. it was someone going on about how ever going to lower barriers to market access and more going to a -- capital was going to flow. no, god. another one of these stupid silicon valley start-ups. it was an actual reading of marks. it was the strangest thing. oh, my god. i went back and reread it. if you forget about -- i'm not a marxist. i think his solution has been proven to fail, but if you read his descriptive work on what was going on with human life in the world of improving technology, he sells contemporary. it really is extraordinary stuff there are not that many songs from the 19th century that are immediately familiar to us, but the ballad of john henry is one about a guy who is in a race with the robot that lies railroad tracks and manages to win but di

that, in turn, strongly influenced the 19th century thinkers and a potential heir to the particular karl marx. if you read the early march, the 1840's marks, he was at that time it technology writer concerned precisely with this issue. i realized i was driving on alma listening to kate tsa, but that did not know. i thought it was kqed. it was someone going on about how ever going to lower barriers to market access and more going to a -- capital was going to flow. no, god. another one of these stupid silicon valley start-ups. it was an actual reading of marks. it was the strangest thing. oh, my god. i went back and reread it. if you forget about -- i'm not a marxist. i think his solution has been proven to fail, but if you read his descriptive work on what was going on with human life in the world of improving technology, he sells contemporary. it really is extraordinary stuff there are not that many songs from the 19th century that are immediately familiar to us, but the ballad of john henry is one about a guy who is in a race with the robot that lies railroad tracks and manages to win but di

adam smith, karl marx, are we anywhere in the same vicinity when we are talking about markets today?e we unique where what they were writing apart -- about? >> guest: some of their insights are still with us but economics has become a very powerful discipline is a very abstract discipline so when an economist writes an equation on the blood lord doesn't matter whether it's kidneys or apples that the equation is about. you are getting the properties. what adam smith wrote, he was very concerned about the effects of different kinds of markets. they didn't have equations. there are no equations in the wealth of nations. he worries a lot for some kinds of markets affect people's motivations in ways that might not be compatible with a democratic society so he worries that some markets shape people in one way to think about this is that it's very different if i pay you to hang out with me. it's very different when you hang out with me if we are friends. in fact if ihanging out with mee insulted. so there is a lot of ways in which engaging with people in markets while again has many fantast