The best books about economics and investment

Selwyn Parker Author Of The Great Crash: How the Stock Market Crash of 1929 Plunged the World into Depression
By Selwyn Parker

Who am I?

Selwyn Parker is an award-winning journalist, author, speaker and pianist. In journalism he focuses on transformational contemporary issues like the new era in energy, the upheaval in banking, the revolution in transportation and the fast-moving world of investment. However most of his dozen books – novels and non-fiction -- are rooted in landmark historical events whose effects still register today.


I wrote...

The Great Crash: How the Stock Market Crash of 1929 Plunged the World into Depression

By Selwyn Parker,

Book cover of The Great Crash: How the Stock Market Crash of 1929 Plunged the World into Depression

What is my book about?

The Great Crash explains how the implosion of Wall Street in 1929 triggered a series of catastrophic events that ran around the world and led to poverty and misery for millions, launched Roosevelt’s New Deal, helped bring the Nazis to power, set the scene for another world war, and ultimately ushered in a new global order.

The books I picked & why

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The Age of Turbulence: Adventures in a New World

By Alan Greenspan,

Book cover of The Age of Turbulence: Adventures in a New World

Why this book?

Apart from revealing and sometimes dismaying insights into the workings of the White House, this legendary chairman of the US Federal Reserve presents a tour d’horizon of the economic thought that underpins the creation of wealth. As such, it should be obligatory reading for anybody interested in how nations prosper (or don’t), how governments routinely make disastrous interventions even if they aim to act for the right reasons, why Adam Smith continues to influence our lives (even though we don’t know it), and why capitalism is so foolishly demonised by banner-waving grandstanders.

The Age of Turbulence: Adventures in a New World

By Alan Greenspan,

Why should I read it?

1 author picked The Age of Turbulence as one of their favorite books, and they share why you should read it.

What is this book about?

Alan Greenspan's The Age of Turbulence is the essential guide to what is happening in the world, and where we're heading, from the ultimate expert.

Alan Greenspan wielded more power than the presidents he worked for, from Ronald Reagan and Bill Clinton to George Bush and his son. He was in the command room of the world economy for longer than any other single figure. One word from him could send markets into freefall.

Now Alan Greenspan, the legendary former chairman of the Federal Reserve, gives us a unique insider's view of the world over his lifetime, from stock market…


The Ascent of Money: A Financial History of the World

By Niall Ferguson,

Book cover of The Ascent of Money: A Financial History of the World

Why this book?

Money is not the root of all evil, as this book makes clear in a highly entertaining romp through the major events in the history of coin and their derivatives. The author, who made his name with Empire, covers everything that really matters including the rise of the loan sharks, historic bubbles, the development of currencies, the egregious behaviour of a few very greedy and/or crooked people, supposedly fool-proof money-making schemes that backfired, and much else. If you want to understand how money works, you can hardly do better.

The Ascent of Money: A Financial History of the World

By Niall Ferguson,

Why should I read it?

1 author picked The Ascent of Money as one of their favorite books, and they share why you should read it.

What is this book about?

Bread, cash, dosh, dough, loot: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labour. But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. What's more, he reveals financial history as the essential back-story behind all history.

The evolution of credit and debt was as important as any technological innovation in the rise of civilization, from ancient Babylon to the silver mines of Bolivia. Banks provided the material…


The Great Crash 1929

By John Kenneth Galbraith,

Book cover of The Great Crash 1929

Why this book?

A classic by the late great liberal economist, this book tells the American story of the greed, naivety and duplicity that laid the foundation for the implosion of Wall Street in 1929. It provides salutary reading for all investors. As Galbraith makes clear, bubbles always burst but few investors including professionals can summon the independence of mind to step aside before it’s too late. The author brings a sardonic rationality to this account of what was an avoidable disaster.

The Great Crash 1929

By John Kenneth Galbraith,

Why should I read it?

3 authors picked The Great Crash 1929 as one of their favorite books, and they share why you should read it.

What is this book about?

'One of the most engrossing books I have ever read' Daily Telegraph

John Kenneth Galbraith's now-classic account of the 1929 stock market collapse remains the definitive book on the most disastrous cycle of boom and bust in modern times.

Vividly depicting the causes, effects, aftermath and long-term consequences of financial meltdown, Galbraith also describes the people and the corporations who were affected by the catastrophe. With its depiction of the 'gold-rush fantasy' ingrained in America's psychology, The Great Crash 1929 remains a penetrating study of human greed and folly.


Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies

By Jeremy J. Siegel,

Book cover of Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies

Why this book?

Professional investors troop to Wharton School to sit at the feet of professor Siegel and learn about why stocks – or shares – should be the bedrock of any investment strategy for the very obvious reason that it’s the best way to capitalise on the steady growth of the American economy. And by implication, other growing economies. If you haven’t got skin in the game, you’re on the sidelines. A dry book unless you have an intellectual interest in investment, it is nevertheless extremely thought-provoking and enlightening. It’s been through several editions and is routinely updated to reflect the latest developments such as exchange-traded funds, the phenomenon of the millennium.

Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies

By Jeremy J. Siegel,

Why should I read it?

1 author picked Stocks for the Long Run as one of their favorite books, and they share why you should read it.

What is this book about?

"Stocks for the Long Run" offers solid strategies for long-term investment success, showing investors how to understand and interpret the movements of the market over time. The book provides a detailed description of market performance since 1802 and an examination of the economic, political and fiscal changes that affect the stock market. It also contains an analysis of long-term stock opportunities in foreign markets.


The Big Short: Inside the Doomsday Machine

By Michael Lewis,

Book cover of The Big Short: Inside the Doomsday Machine

Why this book?

A former investment banker, the author brings a sceptical view to books like Liar’s Poker, his first big success, but The Big Short is without a doubt the definitive account of the sub-prime debacle that led directly to the Great Financial Crisis of 2008 and put an abrupt and painful end to what had been called The Great Moderation. It took a decade to recover from the disaster of 2008, just in time for the economic devastation wrought by the pandemic. By dint of old-fashioned journalism, The Big Short exposes the herd-like mentality of much of Wall Street and, ultimately, the cupidity that underpinned it. On the New York Times’ best-seller list for 28 weeks, the book was made into a film.

The Big Short: Inside the Doomsday Machine

By Michael Lewis,

Why should I read it?

6 authors picked The Big Short as one of their favorite books, and they share why you should read it.

What is this book about?

The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking.

Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a…


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