Here are 100 books that ABCs of Economics fans have personally recommended if you like
ABCs of Economics.
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Having grown up under a repressive dictatorship in Iran, I always wondered about how humans could come together to bring about change. Years of living in different countries have only prolonged that quest. I had identified as a socialist since my teen years in the 2000s (when this political identity wasn’t so popular) and have continuously studied the history of the Left and the pathways it offers to make a better world. I don’t believe in exhaustive favorite lists, so these are just five books that, I think, will help us better appreciate this long history of a quest for progress.
I still vividly remember the first time I read this book in my teenage years in Tehran. Its powerful rhythm, its vivid political imagery, and its sweeping vision shook me. It caught me right then and has never quite let go.
Not only has it remained relevant throughout the years, but it still reads like the literary masterpiece that it is.
'The proletarians have nothing to lose but their chains.'
Marx and Engels's revolutionary summons to the working classes - one of the most important and influential political theories ever formulated.
Introducing Little Black Classics: 80 books for Penguin's 80th birthday. Little Black Classics celebrate the huge range and diversity of Penguin Classics, with books from around the world and across many centuries. They take us from a balloon ride over Victorian London to a garden of blossom in Japan, from Tierra del Fuego to 16th-century California and the Russian steppe. Here are stories lyrical and savage; poems epic and intimate;…
I'm addicted to discovering what lies within the unknown. The biggest mystery, I believe, that baffles us today is not necessarily what lies at the edge of the universe but what lives within this one here. I enjoy attempting to solve large problems and if I can’t compute a result at least understand what the problem suggests. In the realm of the unknown, I'm an expert of nothing. In hours of research and reading and writing, one comes to a point in their process of learning with the realization that it does not matter how much one learns, there will always be that much more, logarithmically multiplied exponentially by the rate of acceleration, to learn.
Ultimately, I am recommending this book to you because Milton Friedman is one of the founders of Capitalism and winner of the Nobel. I enjoyed reading this book in college for the significant impact it holds. Truly, in a free market society based on survival of the fittest, one is forced to outlive the other. However, a great author will combine the two polar dynamic ideologies into one. While Milton Friedman’s work has historical implications on modern society, it is out of date.
Upon his death in the autumn of 2006, Milton Friedman was lauded as "the grandmaster of free-market economic theory in the postwar era" by the "New York Times" and "the most influential economist of the second half of the twentieth century" by the "Economist". Winner of the Nobel Prize in Economics in 1976, Friedman was both a highly respected economist and a prominent public intellectual, the leader of a revolution in economic and political thought that argued robustly in favor of the virtues of free markets and laissez-faire policies. "Milton Friedman on Economics" collects a variety of Friedman's papers on…
I'm addicted to discovering what lies within the unknown. The biggest mystery, I believe, that baffles us today is not necessarily what lies at the edge of the universe but what lives within this one here. I enjoy attempting to solve large problems and if I can’t compute a result at least understand what the problem suggests. In the realm of the unknown, I'm an expert of nothing. In hours of research and reading and writing, one comes to a point in their process of learning with the realization that it does not matter how much one learns, there will always be that much more, logarithmically multiplied exponentially by the rate of acceleration, to learn.
Moneyless Society, conceptually, is a curious read. Tracking how money affects us all and its presence as a centralized decay against society is another curious concept. I enjoyed reading Moneyless Society for the context of why change needs to be made. Surrounded by the author’s intent in publication is a group of individuals committed to making change. I may quote in my own volumes that money is necessary as a tool but that does not mean you can’t argue otherwise. Moneyless Society is a great feel-good economic story through history into potential change.
IT'S TIME FOR AN ECONOMIC EVOLUTION.The evidence is all around us: Humans are squandering natural resources and destroying the environment. There is no real debate about climate change. And with an ever-widening wealth gap, inequality is destabilizing many regions and worsening famine, disease, and civil unrest.
We must change, fast - and yet we hesitate.
Moneyless Society: The Next Economic Evolution explores how capitalism throttles Earth's capacity to sustain life and undermines our deep longing to live in peace and prosperity. Fortunately, it also provides a blueprint to innovative thinking and new structures to replace our outmoded monetary system. In…
I'm addicted to discovering what lies within the unknown. The biggest mystery, I believe, that baffles us today is not necessarily what lies at the edge of the universe but what lives within this one here. I enjoy attempting to solve large problems and if I can’t compute a result at least understand what the problem suggests. In the realm of the unknown, I'm an expert of nothing. In hours of research and reading and writing, one comes to a point in their process of learning with the realization that it does not matter how much one learns, there will always be that much more, logarithmically multiplied exponentially by the rate of acceleration, to learn.
Since the days of Ronald Regan, trickle-down economic theory has been a pipe dream of the uneducated and I don’t even have a degree. Mark Mattern does a great job inverting the theory of trickle-down in explaining that indeed wealth piles from the bottom up not drip down from the top. I recommend reading this book before you read mine for the simple fact that instead of inverted trickle-down theory, I describe how water moves like a stream through an ecosystem. If it is not properly pitched from the mountaintop to the valley, with proper displacement of creatures below, and flow rate through the foothills, we are inevitably left dependent on drinking from a wasteland.
One of the most durable myths of US political economy is that we take from the rich and give to the poor - penalising the rich for their hard work and rewarding the undeserving. Mark Mattern turns that story on its head. Documenting the everyday, institutionalised ways that income and wealth are transferred upward in the United States, Mattern shows how in fact the bottom subsidises the top.
His provocative analysis, describing in detail the processes and policy choices that systematically favour the rich, is both a tale of "Robin Hood in reverse" and a call for a more equitable,…
In high school I became interested in politics and economics. Soon I found the Austrian school and decided to make it my profession. I went to the US to study Austrian economics and later to Spain to study with Prof. Huerta de Soto. Finally, I became a Professor of Economics myself, teaching and writing in the tradition of the Austrian School.
Those who want to understand the origins of business cycles and how to prevent them should read this book.
One of the most pressing, if not the most pressing, problem of our societies today is our monetary and financial system. This book explains why and offers a solution.
I believe that it is the most complete Austrian treatise on money and banking. It is interdisciplinary looking at law and history as well. I have used it as a textbook for years in class and I have translated it into German. Every serious student of money and banking has to have mastered this book.
Can the market fully manage the money and banking sector?
Jesús Huerta de Soto, professor of economics at the Universidad Rey Juan Carlos, Madrid, has made history with this mammoth and exciting treatise that it has and can again, without inflation, without business cycles, and without the economic instability that has characterized the age of government control.
Such a book as this comes along only once every several generations: a complete comprehensive treatise on economic theory. It is sweeping, revolutionary, and devastating--not only the most extended elucidation of Austrian business cycle theory to ever appear in print but also a…
I grew up listening to my grandfathers tell stories about the Great Depression (1930s). My cousins would want me to go out and play, but I wanted to stay indoors and listen to the stories. The Depression proved my grandfathers were not the best cotton farmers, but they were good storytellers, and I ended up an economics professor. Along the way, I ran across a thought from renowned British philosopher Francis Bacon: “Histories make men wise, poets, witty, mathematics, subtle;” Modern economics has gone in for subtlety, and maybe is a little too careless of wisdom. This thought sent me delving deeper into economic history, and I ended up writing five books in economics history.
This book treats a rich variety of weighty topics, global in scope. It lays bare the real insights that bubble up when economic history is subpoenaed to the bar of economic thinking. The famous British Disraeli said he only read biographies because biographies were life without theory. It helps to take a break from scholars whose thoughts are pinned down by the most recent theories. To study economics without theory, it is necessary to study economic history. Economic forecasters too often have a bias toward predicting a continuation of existing trends with small adjustments. Rostov’s long sweep of history shows that these forecasts may be overridden by long-term trends. This book contains a lot of meat—a great abundance of instructive explanations, intelligent comments, and practical conclusions.
This monumental study is an account of the world economy from the eighteenth century to the twentieth, an analysis and prescription for the future, and a challenge to the neo-Keynesian theories of income determination and growth. It is based on some forty years of research and teaching.
Originally published in 1978, the volume looks back over the nineteenth and twentieth centuries. It includes an analysis of how the world's population expanded from about 1 billion in 1800 to 4 billion in 1976, with some 6.5 billion in sight for the year 2000; an account of the expansion and distribution of…
I’m a New Zealand philosopher who’s written a lot about the human enhancement debate. Philosophers are well known for their willingness to defend unpopular conclusions against all critics. Sometimes they engage in what I call “philosophical shit-stirring". You may think that’s a profanity but it’s actually a technical term. I’ve advocated some deliberately unpopular shit-stirring conclusions in the past. One of these is liberal eugenics - the idea that you can turn an evil like eugenics into something good by prefacing it with the feel-good term “liberal”. These dialogues are the beginning of a philosophical stock-take on what we should or might become.
Schneier’s book taught me that hacking isn’t just something that occasionally happens to your laptop. The powerful hack the laws that govern our society too.
I wondered how the hacking mindset could apply to enhancement techs. Which enhancement techs will the elite reserve for themselves and which might they impose on the gig workers of the future? Suppose Neuralink does manage to get its tech into our heads. Imagine Musk finds himself just short of the funds needed to found his planned Martian city. Might beneficiaries of his brain-computer interfaces find themselves abruptly subject to overpowering urges to immediately own ten Teslas? This sounds absurd.
Perhaps the right question to ask is how crazy it is relative to cities of a million on Mars by 2050. Is it beyond the reach of Musk’s rule-breaking, can-do imagination?
A hack is any means of subverting a system's rules in unintended ways. The tax code isn't computer code, but a series of complex formulas. It has vulnerabilities; we call them "loopholes." We call exploits "tax avoidance strategies." And there is an entire industry of "black hat" hackers intent on finding exploitable loopholes in the tax code. We call them accountants and tax attorneys.
In A Hacker's Mind, Bruce Schneier takes hacking out of the world of computing and uses it to analyse the systems that underpin our society: from tax laws to financial markets to politics. He reveals an…
We raised three children who loved athletics, but as we parented them through what we came to term the youth sports industry, we gradually realized how dramatically and for the worse, youth sports had changed since we were kids. The present profit-based model treats children as commodities, and we feel strongly that this is the worst way to approach youth sports. So, yes, we feel passionately about this topic, especially about the need for reform.
We were impressed by how Hyman digs deep into the ethical dilemmas and the staggering amount of money generated by the industry, which now requires families to spend large sums of money annually to have their children participate in youth sports.
He clearly demonstrates how hugely profitable businesses have very little concern about whether the products they use in the youth sports industry actually serve their youth target audience well.
A look at how commercialization has transformed youth sports from fun into a heavily commercialized and profitable venture
Examining the youth sports economy from many sides—the major corporations, the small entrepreneurs, the coaches, the parents, and, of course, the kids—Hyman probes the reasons for rapid changes in what gets bought and sold in this lucrative marketplace. He reveals the effects on kids and profiles the individuals and communities bucking this destructive trend of commercialization.
My entire career has been spent in finance. From life insurance to central banks, from stock exchanges to post-trade clearing and settlement, this is all I’ve ever done. My college degrees include BSBA in Business/Marketing, MBA in Management, and PhD in Economics. In addition to knowing what a lot of people know about finance, I also worked inside the “black box” of the Federal Reserve System and depository trust and clearing corporations (in 4 cities, on 2 continents). Therefore, I know more about the plumbing of stock market infrastructure than most people who have careers (and education) as long as mine.
This was required reading in my MBA program at Golden Gate University. In fact, the economics teacher, Joe Fuhrig, inspired me to go on for my PhD in Economics at New York University. The book explains how economics isn’t just about mathematical models: it is about how people think and behave. Once you learn to think like an economist, you will find investing (and even grocery shopping!) a completely different experience.
Intended primarily for one semester survey courses in general economics, this text also provides practical content to current and aspiring industry professionals.
Learn how to think like an economist.
The Economic Way of Thinking goes beyond explaining the basic principles of micro- and macroeconomic analysis by showing readers a method of reasoning that teaches them how to apply these principles as tools. The authors expose readers to a method of reasoning that makes them think like an economist through example and application and also shows them how not to think, by exposing errors in popular economic reasoning.
I am a Full Professor and Lab Director in Economics. My interest in this field began when I traveled abroad and observed the differences in prices, goods, and quality of life. In order to gain a deeper understanding, I decided to switch from my previous academic background in Engineering, Mathematics & Physics to Economics, Finance & Data Science. Today, I am dedicated to expanding my knowledge and sharing my insights through teaching, academic publications, and LinkedIn posts. According to the latest rankings, I am humbled to be among the top 3% most productive economists worldwide (IDEAS-RePec, 2023), as well as being ranked among the top 4% researchers in Financial Economics, and the top 5% in Econometrics (Researchgate, 2023).
I became well acquainted with Economics after my undergraduate studies, and found this book to be an excellent resource.
It begins with the ancient Greeks and culminates in the modern era. It elaborates upon crucial issues such as money, markets, prices, and production. What sets it apart from others is its focus on the evolution of economic ideas, rather than the economists themselves.
Backhouse's writing style is clear and accessible, and makes even complex concepts understandable. One thing I appreciate is that Backhouse demonstrates that no economic theory emerges "out of nowhere" as is often implied, rather it builds on its predecessors.
This book offers insights that have stayed with me long after reading, and I still refer to it for its depth of knowledge.
A very clear, reliable and readable history of economic thought from the ancient world to the present day. From Homer to Marx to John Stuart Mill, Backhouse shows how to keep your Keynsians from your post-Keynsians and New Keynsians. A core book.
