100 books like An Economic Theory of Democracy

By Anthony Downs,

Here are 100 books that An Economic Theory of Democracy fans have personally recommended if you like An Economic Theory of Democracy. Shepherd is a community of 12,000+ authors and super readers sharing their favorite books with the world.

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Book cover of The Narrow Corridor: States, Societies, and the Fate of Liberty

Joseph P. Forgas Author Of The Psychology of Populism: The Tribal Challenge to Liberal Democracy

From my list on why populism threatens liberal democratic societies.

Why am I passionate about this?

I'm an experimental social psychologist and Scientia Professor at the University of New South Wales, Sydney. I grew up in Hungary, and after an adventurous escape I ended up in Sydney. I received my DPhil and DSc degrees from the University of Oxford, and I spent various periods working at Oxford, Stanford, Heidelberg, and Giessen. For my work I received the Order of Australia, as well as the Distinguished Scientific Contribution Award, the Alexander von Humboldt Prize, and a Rockefeller Fellowship. As somebody who experienced totalitarian communism firsthand, I am very interested in the reasons for the recent spread of totalitarian, tribal ideologies, potentially undermining Western liberalism, undoubtedly the most successful civilization in human history.

Joseph's book list on why populism threatens liberal democratic societies

Joseph P. Forgas Why did Joseph love this book?

This is one of the best books I have read that helps to understand the reasons behind the fascinating and unpredictable rise of Western liberal civilization.

Humans lived in abysmal conditions for tens of thousands of years, poor, wretched, exposed to violence, war, illness, and untimely death for most of our evolutionary history. The emergence of Western liberal civilization is truly an amazing break with our miserable past. How did this happen?

The authors argue that there is a very precarious path to be followed between totalitarian and imposed order, and chaotic individualism, and Western civilization happened to find almost by chance that delicate balance as a result of a combination of historical, ideological, and other circumstances. 

By Daron Acemoglu, James A. Robinson,

Why should I read it?

5 authors picked The Narrow Corridor as one of their favorite books, and they share why you should read it.

What is this book about?

"Why is it so difficult to develop and sustain liberal democracy? The best recent work on this subject comes from a remarkable pair of scholars, Daron Acemoglu and James A. Robinson. In their latest book, The Narrow Corridor, they have answered this question with great insight." -Fareed Zakaria, The Washington Post

From the authors of the international bestseller Why Nations Fail, a crucial new big-picture framework that answers the question of how liberty flourishes in some states but falls to authoritarianism or anarchy in others--and explains how it can continue to thrive despite new threats.

In Why Nations Fail, Daron…


Book cover of The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities

Randall Holcombe Author Of Following Their Leaders: Political Preferences and Public Policy

From my list on voter preferences and democratic decision-making.

Why am I passionate about this?

I am an economics professor and have been interested in applying economic methods to study political decision-making since my days as a graduate student. Too often, we think about government in terms of what we would like government to do rather than what government actually is capable of doing. In many cases, political decision-makers would be unable to obtain sufficient information to actually carry out the policies we think would be ideal, and even if they have the information, often they don’t have the incentive to do so. An economic approach to politics offers a more realistic way to understand political decision-making.

Randall's book list on voter preferences and democratic decision-making

Randall Holcombe Why did Randall love this book?

Olson focuses on the impact of interest groups on public policy. He emphasizes the way that economic interests lobby governments to produce policies favorable to them, but at the expense of the general public. Interests lobby for subsidies, tax breaks, trade barriers to protect them from foreign competition, regulatory barriers to inhibit domestic competitors, and more. Over time, the connection between interest groups and policymakers strengthens, so that increasingly, profits are the result of political connections rather than producing value for consumers. The growth of interest group influence over time leads to the decline of nations.

By Mancur Olson,

Why should I read it?

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

What is this book about?

"A convincing book that could make a big difference in the way we think about modern economic problems."-Peter Passell, New York Times Book Review

"Clearly, this is no ordinary theory. Equally clearly, it sprang from the mind of no ordinary economist."-James Lardner, Washington Post

The years since World War II have seen rapid shifts in the relative positions of different countries and regions. Leading political economist Mancur Olson offers a new and compelling theory to explain these shifts in fortune and then tests his theory against evidence from many periods of history and many parts of the world.

"Schumpeter and…


Book cover of Democracy and Decision: The Pure Theory of Electoral Preference

Randall Holcombe Author Of Following Their Leaders: Political Preferences and Public Policy

From my list on voter preferences and democratic decision-making.

Why am I passionate about this?

I am an economics professor and have been interested in applying economic methods to study political decision-making since my days as a graduate student. Too often, we think about government in terms of what we would like government to do rather than what government actually is capable of doing. In many cases, political decision-makers would be unable to obtain sufficient information to actually carry out the policies we think would be ideal, and even if they have the information, often they don’t have the incentive to do so. An economic approach to politics offers a more realistic way to understand political decision-making.

Randall's book list on voter preferences and democratic decision-making

Randall Holcombe Why did Randall love this book?

Brennan and Lomasky build on the idea that voters know their one vote will not affect an election outcome, and conclude that therefore the utility people get from voting comes solely from the value they get from expressing their opinion. Because of this, they explain why voters may vote for alternatives they would not choose if the choice were theirs alone. They vote for options that make them feel good about casting their vote, so tend to vote more based on emotional reasons than based on what is best for themselves, or what is in the public interest. 

By Geoffrey Brennan, Loren Lomasky,

Why should I read it?

1 author picked Democracy and Decision as one of their favorite books, and they share why you should read it.

What is this book about?

Do voters in large scale democracies reliably vote for the electoral outcomes most in their interest? Much of the literature on voting predicts that they do, but this book argues that fully rational voters will not, in fact, consistently vote for the political outcomes they prefer. The authors offer a theory of voting which they term an 'expressive' theory of electoral politics. This theory is shown to be more coherent and more consistent with actual observed voting behaviour. This important book offers a compelling challenge to the central premises of the prevailing theories of voting behaviour.


Book cover of The Myth of the Rational Voter: Why Democracies Choose Bad Policies

Jason Brennan Author Of Democracy: A Guided Tour

From my list on democracy, its promises and perils.

Why am I passionate about this?

I’m a philosopher by training and professor of economics, ethics, and public policy at Georgetown University’s business school. My work often begins by noting that philosophy debates often take certain empirical claims for granted, claims which turn out to be false or mistaken. Once we realize this mistake, this clears the ground and helps us do better work. I focus on issues in immigration, resistance to state injustice, taboo markets, theories of ideal justice, and democratic theory. I’m also a native New Englander now living near DC, a husband and father, and the guitarist and vocalist in a 70s-80s hard rock cover band.

Jason's book list on democracy, its promises and perils

Jason Brennan Why did Jason love this book?

Political scientists and economists have long argued that voters are rationally ignorant.

On this theory, people tend to acquire and retain information only if the expected benefits exceed the expected costs. This explains why students cram material to pass a test but let themselves forget it afterward, why Americans who speak English at home don’t usually bother to learn a foreign language but so many people learn English, or why you don’t bother attempt to memorize your local phonebook.

It also explains why voters know so little. Since individual votes make so little difference, individual voters can afford to remain ignorant. Political information is a collective action problem: what we know matters, but what any one of us knows does not. 

Caplan adds an innovation. This point also applies to how we think, not just what we know. Political psychologists have long found that voters process what little information they…

By Bryan Caplan,

Why should I read it?

2 authors picked The Myth of the Rational Voter as one of their favorite books, and they share why you should read it.

What is this book about?

The greatest obstacle to sound economic policy is not entrenched special interests or rampant lobbying, but the popular misconceptions, irrational beliefs, and personal biases held by ordinary voters. This is economist Bryan Caplan's sobering assessment in this provocative and eye-opening book. Caplan argues that voters continually elect politicians who either share their biases or else pretend to, resulting in bad policies winning again and again by popular demand. Boldly calling into question our most basic assumptions about American politics, Caplan contends that democracy fails precisely because it does what voters want. Through an analysis of Americans' voting behavior and opinions…


Book cover of Democracy in America

Peter Laufer Author Of Up Against the Wall: The Case for Opening the Mexican-American Border

From my list on the middle of america from New Jersey to Oakland.

Why am I passionate about this?

As a child, I moved with my family. I've moved for school. And I am not sure I could resurrect how many times my family moved for my journalism work. These books help me try to understand my wanderlust. Peter Laufer is an independent journalist, broadcaster, and documentary filmmaker working in traditional and new media. He is the James Wallace Chair in Journalism at the University of Oregon School of Journalism and Communication.

Peter's book list on the middle of america from New Jersey to Oakland

Peter Laufer Why did Peter love this book?

And no such list is complete without Alexis de Tocqueville's classic from the 19th century, Democracy in America. Weighing in just two pages short of Don Quixote's 937 (paperback both, the ECCO Grossman Quixote translation and the Penguin Gerald Bevan de Tocqueville edition), Tocqueville ponders a question most of us contemplate and plenty of us act on: "Why Americans are so restless in the midst of their prosperity..."

By Alexis de Tocqueville,

Why should I read it?

1 author picked Democracy in America as one of their favorite books, and they share why you should read it.

What is this book about?

French nobleman Alexis de Tocqueville's classic treatise on the American way of life.

Over 175 years ago, Alexis de Tocqueville, an astute political scientist, came to the United States to evaluate the meaning and actual functioning of democracy. Here, Tocqueville discusses the advantages and dangers of majority rule—which he thought could be as tyrannical as the rule of a monarchy. He analyzes the influence of political parties and the press on the government and the effect of equality on the social, political, and economic life of the American people. He also offers some startling predictions about world politics, which history…


Book cover of Enough

Carolyn Banks Author Of The Importance of Being Erica

From my list on that have a beating heart.

Why am I passionate about this?

Because both of my parents worked, I had to go somewhere after school. The public library was selected, thank the stars! A librarian watched me gobbling up all the young adult books and suggested maybe I’d like to tackle some from the grown-up room. Wow! I was only 11 years old, but that woman steered me into what has become my career, a reader and reviewer and, best of all, a writer! My first grown-up book? A Portrait of Jenny by Robert Nathan. 

Carolyn's book list on that have a beating heart

Carolyn Banks Why did Carolyn love this book?

This is nonfiction, a memoir by the truth-telling aide who cast her Trump-appointed lawyer aside and found one who would support her account of January 6 and all that came before and after.

What hooked me was Hutchinson's honesty. She’s in her early 20s and on a first-name basis with all the movers and shakers. She knows the former President well enough for him to suggest blonde highlights for her dark hair.

If you are at all like me, you just can't help liking her more as she fends off Matt Gaetz’s advances and rolls her eyes at interactions with Mike Lindell, the pillow guy. The book is determined and real, as is Cassidy Hutchinson herself.

By Cassidy Hutchinson,

Why should I read it?

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

What is this book about?

Cassidy Hutchinson's desk was mere steps from the most controversial president in recent American history. Now, she provides a riveting account of her extraordinary experiences as an idealistic young woman thrust into the middle of a national crisis, where she risked everything to tell the truth about some of the most powerful people in Washington.

Ever since a childhood visit to Washington, DC, Cassidy Hutchinson aspired to serve her country in government. Raised in a working-class family with a military background, she was the first in her immediate family to graduate from college. Despite having no ties to Washington, Hutchinson…


Book cover of Immigration and Democracy

Michael Blake Author Of Justice, Migration, and Mercy

From my list on understanding what’s happening at the border.

Why am I passionate about this?

I’m a political philosopher who lives in Seattle. I teach and write about political ethics, and the ways in which moral concepts change when they get applied to the relationships between states—and to the complicated borders that define where states end. I tend to write about what puzzles me, and many of these puzzles come from my personal life; I’m a migrant myself, and the experience of migrating to the United States led me to write about what sorts of values a country can rightly pursue through migration policyand what sorts of things, more generally, it can and can’t do to migrants themselves.  

Michael's book list on understanding what’s happening at the border

Michael Blake Why did Michael love this book?

Sarah Song is a lawyer and political scientist, and her book traces the history of American migration lawwith a particular focus on how that history reflects both anxiety about foreign influence, and fear that migrants will disrupt the domestic labor market. It’s a fascinating story, and it’s instructive to see how modern conversations about the border mirrorfor better or for worse - the conversations that happened over a century ago.

By Sarah Song,

Why should I read it?

2 authors picked Immigration and Democracy as one of their favorite books, and they share why you should read it.

What is this book about?

How should we think about immigration and what policies should democratic societies pursue? Sarah Song offers a political theory of immigration that takes seriously both the claims of receiving countries and the claims of prospective migrants.

Immigration is one of the most polarizing issues in contemporary politics. It raises questions about identity, economic well-being, the legitimacy of state power, and the boundaries of membership and justice. How should we think about immigration and what policies should democratic societies pursue?

Some contend that borders should generally be open and people should be free to migrate in search of better lives. Others…


Book cover of Civic Fusion: Mediating Polarized Public Disputes

Lawrence E. Susskind Author Of Good for You, Great for Me: Finding the Trading Zone and Winning at Win-Win Negotiation

From my list on negotiating for mutual advantage.

Why am I passionate about this?

I am a Professor at MIT and co-founder of both the inter-university Program on Negotiation at Harvard Law School and the not-for-profit Consensus Building Institute that provides help in resolving some of the most complex resource management disputes around the world. I have been teaching negotiation and dispute resolution, doing research about the circumstances under which various negotiation strategies do and don’t work, and offering online training for more than four decades. Given the many negotiations I've observed, I’m convinced that negotiating for mutual advantage is the way to go -- avoid unnecessary conflict, get what you want in all kinds of negotiating situations, and walk away with good working relationships and a solid reputation.

Lawrence's book list on negotiating for mutual advantage

Lawrence E. Susskind Why did Lawrence love this book?

Susan has helped a lot of people come together to work out their differences and achieve a common goal, even in the face of deeply-held conflicting values. She calls the kinds of processes she helps to design: civic fusion. Because she is a skilled mediator who has worked in all kinds of situations in many places, she is able to explain and illustrate how adding a “neutral” facilitator can overcome fundamental obstacles to agreement. The cases that she talks about, like a city that has gone bankrupt, thrown out its elected leaders and had to write a new charter to redefine the kind of democracy it wanted to be, actually pulled that off. 

She played a role in bringing together pro-life and pro-choice leaders for a private dialogue in which they were able to find common ground. Passion, power and conflict generate energy; Susan describes ways of channeling that energy…

By Susan L. Podziba,

Why should I read it?

1 author picked Civic Fusion as one of their favorite books, and they share why you should read it.

What is this book about?

Civic fusion occurs when people bond to achieve a common public goal, even as they sustain deep value differences. This book offers proven strategies for moving polarized parties to consensus solutions based on the author's 25 years of mediation and negotiation experience, including working with pro-life and pro-choice leaders after fatal shootings at women's health clinics, crane industry and union representatives to develop federal worker safety regulations, and citizens of a failed city that reclaimed their democracy by writing a consensus charter.

Using these and other real-world examples, Civic Fusion guides readers through a provocative discussion about what mediators aspire…


Book cover of The Rise of American Democracy: Jefferson to Lincoln

John G. Matsusaka Author Of Let the People Rule: How Direct Democracy Can Meet the Populist Challenge

From my list on understanding why American democracy is struggling.

Why am I passionate about this?

I am an economist by training, who has researched and taught classes related to business, governance, and democracy for more than 30 years at the University of Southern California. My work is multidisciplinary, spanning economics, finance, law, and political science, with a grounding in empirical analysis. In addition to two books and numerous scholarly articles, I am a frequent op-ed contributor and media commentator on topics related to democracy. I also direct the Initiative and Referendum Institute, a nonpartisan education organization focused on direct democracy.

John's book list on understanding why American democracy is struggling

John G. Matsusaka Why did John love this book?

Although established in the late 1700s, the United States didn’t really become a recognizably modern democracy until the middle of the 1800s. This classic history book describes in detail how this happened in response to public pressures that were populist in nature. The story of this transformation over the 19th century reveals that populism is a recurring feature of American politics, and it has often led the country to improve its democratic practices. This is not an easy read, but offers significant rewards to the persistent reader.

By Sean Wilentz,

Why should I read it?

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

What is this book about?

Acclaimed as the definitive study of the period by one of the greatest American historians, The Rise of American Democracy traces a historical arc from the earliest days of the republic to the opening shots of the Civil War. Ferocious clashes among the Founders over the role of ordinary citizens in a government of "we, the people" were eventually resolved in the triumph of Andrew Jackson. Thereafter, Sean Wilentz shows, a fateful division arose between two starkly opposed democracies-a division contained until the election of Abraham Lincoln sparked its bloody resolution. Winner of the Bancroft Award, shortlisted for the Pulitzer…


Book cover of Red Saxony: Election Battles and the Spectre of Democracy in Germany, 1860-1918

Matthew Jefferies Author Of Contesting the German Empire, 1871 - 1918

From my list on Bismarck and Imperial Germany.

Why am I passionate about this?

I have been studying this period of German history for more than 40 years and teaching it at Manchester since 1991. I have no family connections to Germany, but I went on a school exchange to Hannover when I was 14 and became fascinated by the country and its history. I chose to do my PhD on this period because it seemed less researched than the Weimar and Nazi eras which followed. Contesting the German Empire was an attempt to show how historians’ views of Imperial Germany have changed over time, and to give a flavor of their arguments. Reading it will save you from having to digest 500 books yourself! 

Matthew's book list on Bismarck and Imperial Germany

Matthew Jefferies Why did Matthew love this book?

When historians write about Imperial Germany, they tend to focus on the largest of its 25 states, Prussia. One of the many merits of Retallack’s work is its focus on the less-studied Kingdom of Saxony, which sought to stem the rise of socialism by introducing a series of restrictive electoral laws. Here the prime movers behind attempts to limit democracy were not reactionary Junkers with vast country estates, or army officers in spiked helmets, but urban liberals, whose fear of socialism often outweighed any egalitarian impulses. The story of electoral politics in the German Empire is complex and controversial, but Retallack—from the University of Toronto—shines new light on the bourgeois face of German authoritarianism.

By James Retallack,

Why should I read it?

2 authors picked Red Saxony as one of their favorite books, and they share why you should read it.

What is this book about?

Red Saxony throws new light on the reciprocal relationship between political modernization and authoritarianism in Germany over the span of six decades.

Election battles were fought so fiercely in Imperial Germany because they reflected two kinds of democratization. Social democratization could not be stopped, but political democratization was opposed by many members of the German bourgeoisie. Frightened by the electoral success of the Social Democrats after 1871, anti-democrats deployed many strategies that flew in the face of electoral fairness. They battled socialists, liberals, and Jews at election time, but they also strove to rewrite the
electoral rules of the game.…


Book cover of The Narrow Corridor: States, Societies, and the Fate of Liberty
Book cover of The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities
Book cover of Democracy and Decision: The Pure Theory of Electoral Preference

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