100 books like Classical Political Economy and Rise to Dominance of Supply and Demand Theories

By Krishna Bharadwaj,

Here are 100 books that Classical Political Economy and Rise to Dominance of Supply and Demand Theories fans have personally recommended if you like Classical Political Economy and Rise to Dominance of Supply and Demand Theories. Shepherd is a community of 11,000+ authors and super readers sharing their favorite books with the world.

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Book cover of Against Method: Outline of an Anarchist Theory of Knowledge

Alex M. Thomas Author Of Macroeconomics: An Introduction

From my list on becoming a critical economist.

Why am I passionate about this?

I am passionate about the dissemination of economic ideas both inside and outside university spaces. In addition to classroom lectures at my university, I give a lot of public lectures on economics. Through these talks, I introduce the audience to the tradition of doing economics using a critical perspective. I have an MA and MPhil in Economics from the University of Hyderabad and a PhD in Economics from the University of Sydney.

Alex's book list on becoming a critical economist

Alex M. Thomas Why did Alex love this book?

Feyerabend argues against monism in science.

Drawing on the history of science, he demonstrates that science has progressed from pluralism. In other words, there is no the scientific method. 

Currently, mainstream economics education does not include history or philosophy in its curriculum. And economists are enthusiastically adopting a monist approach to knowledge production.

Feyerabend’s book tells us why such a naïve and narrow approach to knowledge dissemination (and production) is problematic. I feel extremely lucky to have been exposed to his work along with other philosophers of science during my master’s.

By Paul Feyerabend,

Why should I read it?

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

What is this book about?

Contemporary philosophy of science has paid close attention to the understanding of scientific practice, in contrast to the previous focus on scientific method. Paul Feyerabend's acclaimed work, which sparked controversy and continues to fuel fierce debate, shows the deficiencies of many widespread ideas about the nature of knowledge. He argues that the only feasible explanation of any scientific success is a historical account, and that anarchism must now replace rationalism in the theory of knowledge. This updated edition of this classic text contains a new foreword by Ian Hacking, a leading contemporary philosopher of science, who reflects on Feyerabend's life…


Book cover of Teaching to Transgress: Education as the Practice of Freedom

Alex M. Thomas Author Of Macroeconomics: An Introduction

From my list on becoming a critical economist.

Why am I passionate about this?

I am passionate about the dissemination of economic ideas both inside and outside university spaces. In addition to classroom lectures at my university, I give a lot of public lectures on economics. Through these talks, I introduce the audience to the tradition of doing economics using a critical perspective. I have an MA and MPhil in Economics from the University of Hyderabad and a PhD in Economics from the University of Sydney.

Alex's book list on becoming a critical economist

Alex M. Thomas Why did Alex love this book?

I was introduced to bell hooks only later in my teaching career—after I had taught for 10 years.

And I read hooks immediately after reading Paulo Freire’s The Pedagogy of the Oppressed

This is a book on pedagogy, especially within a classroom with students from diverse social backgrounds. This is the book on critical pedagogy, I would say.

The training of economists will significantly benefit from engaging with the work of hooks.

By bell hooks,

Why should I read it?

3 authors picked Teaching to Transgress as one of their favorite books, and they share why you should read it.

What is this book about?

"After reading Teaching to Transgress I am once again struck by bell hooks's never-ending, unquiet intellectual energy, an energy that makes her radical and loving." -- Paulo Freire

In Teaching to Transgress,bell hooks--writer, teacher, and insurgent black intellectual--writes about a new kind of education, education as the practice of freedom. Teaching students to "transgress" against racial, sexual, and class boundaries in order to achieve the gift of freedom is, for hooks, the teacher's most important goal.

bell hooks speaks to the heart of education today: how can we rethink teaching practices in the age of multiculturalism? What do we do…


Book cover of The Science of Wealth: Adam Smith and the Framing of Political Economy

Alex M. Thomas Author Of Macroeconomics: An Introduction

From my list on becoming a critical economist.

Why am I passionate about this?

I am passionate about the dissemination of economic ideas both inside and outside university spaces. In addition to classroom lectures at my university, I give a lot of public lectures on economics. Through these talks, I introduce the audience to the tradition of doing economics using a critical perspective. I have an MA and MPhil in Economics from the University of Hyderabad and a PhD in Economics from the University of Sydney.

Alex's book list on becoming a critical economist

Alex M. Thomas Why did Alex love this book?

I first read Aspromourgos’s book on Adam Smith in 2010 or thereabouts.

I was immediately hooked because of the attention to detail visible in his interpretation of Smith’s economics. And the rigour and depth of his writing. 

The book places Smith’s economics within a rich historical context by paying close attention to his economic vocabulary.

Aspromourgos diligently provides us with a persuasive account of Smith’s economic theory in the tradition of classical political economy and rightly argues that it cannot be viewed as an inferior version of marginalist economics. 

In this book, you will find not just Smith’s economics and its history but also insights from philosophy and politics, both essential, I think, to become a critical economist.

By Tony Aspromourgos,

Why should I read it?

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

What is this book about?

This study clarifies the character of 'political economy' as a distinct and separable intellectual discipline in the generic sense, in the texts of Adam Smith. It focuses upon the scope and fundamental conceptualizations of the new science. Smith's conceptualization of economic analysis is shown to constitute a unified intellectual piece for understanding economic society and its dynamics. Smith's fundamental economic language is exhaustively examined, in all his texts, with a view to clarifying the meaning of the basic concepts of his system. As well, the 'prehistories' of those concepts, in literature prior to Smith, back to the earliest times, are…


Book cover of The Role of Measurement in Economics

Alex M. Thomas Author Of Macroeconomics: An Introduction

From my list on becoming a critical economist.

Why am I passionate about this?

I am passionate about the dissemination of economic ideas both inside and outside university spaces. In addition to classroom lectures at my university, I give a lot of public lectures on economics. Through these talks, I introduce the audience to the tradition of doing economics using a critical perspective. I have an MA and MPhil in Economics from the University of Hyderabad and a PhD in Economics from the University of Sydney.

Alex's book list on becoming a critical economist

Alex M. Thomas Why did Alex love this book?

Today, economics is synonymous with measurement.

This book on measurement in economics was published in 1951. Stone discusses the link between theory and empirics in this book.

I like this slim book of Stone’s because it shows the strengths and weakness of empirical exercises in economics. It also raises foundational questions regarding empirical constructs.

Books like this allow us to ask foundational questions regarding the links between theory and empirics in economics as well as theory and applications in statistics.

By Richard Stone,

Why should I read it?

1 author picked The Role of Measurement in Economics as one of their favorite books, and they share why you should read it.

What is this book about?

First published in 1951, and originally delivered as the Newmarch Lectures for 1948-9, this book examines the role of measurement in obtaining and applying economic knowledge. Esteemed economist Richard Stone, who went on to win the Nobel Prize in Economics, divides his topic into four sections: questions of fact and empirical constructs; the truth or falsity of a hypothesis; the estimation of parameters; and questions of prediction. This book will be of value to anyone with an interest in economics and the development of the discipline.


Book cover of Milton Friedman: Contributions to Economics and Public Policy

Richard Burdekin Author Of China's Monetary Challenges: Past Experiences and Future Prospects

From my list on if you didn’t think money matters.

Why am I passionate about this?

Long before I studied economics, I remember being told in church that “money is the root of all evil.” Much later, when I was interviewing for my first professor-level position, I remember one of the interviewers saying, “I suppose everyone is interested in money.” We are not talking here about a fixation on accumulating money, but rather understanding the profound impact monetary policy has upon everyone in society. These readings show how pervasive the effects of bad monetary policy can be and how important it is to keep track of what is going on. Start with the first two chapters of Friedman’s Money Mischief and see if you can stop! 

Richard's book list on if you didn’t think money matters

Richard Burdekin Why did Richard love this book?

The enduring impact of Milton Friedman and his writings is ably captured in this volume.

Part II focuses on his monetary contributions and relates his writings to the policy actions of the Federal Reserve and many other recent and older episodes. Among these chapters, James Lothian offers a particularly compelling account of not only the evolution of Friedman’s work but also its impact on those around him. Eugene Lerner connects his Friedman-inspired early Civil War research to monetary developments after the global financial crisis in 2008. 

Nobel Prize winner Robert Lucas makes a particularly revealing personal observation: “Friedman has no interest at all in what side you are on. You are expected to articulate a view of the effects of policies. How will it work? Who gains? Who loses?”

By Robert A. Cord (editor), J. Daniel Hammond (editor),

Why should I read it?

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

What is this book about?

Milton Friedman is widely regarded as one of the most influential economists of the twentieth century. Although he made many important contributions to both economic theory and policy - most clearly demonstrated by his development of and support for monetarism - he was also active in various spheres of public policy, where he more often than not pursued his championing of the free market and liberty.

This volume assesses the importance of the full range of Friedman's ideas, from his work on methodology in economics, his highly innovative consumption theory, and his extensive research on monetary economics, to his views…


Book cover of Grand Pursuit: The Story of Economic Genius

Alan Bollard Author Of Economists at War: How a Handful of Economists Helped Win and Lose the World Wars

From my list on how economists agree and disagree amongst each other.

Why am I passionate about this?

I am an economics professor at Victoria University of Wellington. As a previous Secretary of the New Zealand Treasury and Governor of the Reserve Bank of New Zealand, I have had quite a bit of experience watching economists’ ideas succeed and fail in the real world. I have written a number of books about policy economists and their lives in peace and wartime. (And a couple of novels too!)

Alan's book list on how economists agree and disagree amongst each other

Alan Bollard Why did Alan love this book?

Under the headings of hope, fear, and confidence, Nasar takes us through the lives, the ideas, the failings, and arguments of several dozen economists, in a lively journalistic fashion. From the last chaotic days of Joseph Schumpeter’s failing post-war Vienna to Joan Robinson’s 1950s propaganda trip to Stalin’s Moscow, she gives us an illuminating view of history and what economists did to try to improve it.

By Sylvia Nasar,

Why should I read it?

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

What is this book about?

An instant New York Times bestseller, in a sweeping narrative the author of the esteemed A Beautiful Mind takes us on a journey through modern history with the men and women who changed the lives of every single person on the planet. Grand Pursuit is the epic story of the making of modern economics, of how economics rescued mankind from squalor and deprivation by placing its material fate in its own hands.

A New York Times bestseller, this sweeping narrative from the author of A Beautiful Mind takes us on a journey through modern history with the men and women…


Book cover of Worldly Philosopher: The Odyssey of Albert O. Hirschman

Roger E. Backhouse Author Of Founder of Modern Economics: Paul A. Samuelson: Volume 1: Becoming Samuelson, 1915-1948

From my list on 20th century economists.

Why am I passionate about this?

Roger E. Backhouse has been a Professor of Economics and the University of Birmingham (in the UK) for many years, specializing in the history of economic ideas, and has written several books on contemporary economics and where the ideas came from. Knowing that many people lose interest when economics gets technical, he has picked biographies of modern economists who have led interesting lives as well as contributing to the development of their discipline, defining “modern” economists as ones who were active during his own lifetime, a criterion that excludes John Maynard Keynes, on whom several outstanding biographies have been written.

Roger's book list on 20th century economists

Roger E. Backhouse Why did Roger love this book?

I have picked this book because it tells a story that should interest anyone even if they have no interest in technical economics. Albert Hirschman was born into a Jewish family in Berlin and in his teens became politically committed as a socialist, at a time when the rise of the Nazi party made this a dangerous activity. The book tells the story of his exploits in Germany and occupied Europe before he ended up in the United States, where he made his career as a specialist on economic development, spending a significant part of his life advising the government of Colombia.

Hopefully, the book gives an account of Hirschman’s economic ideas in a way that will make sense even to readers who don’t know any economics, but even without that, it is a sufficiently gripping story of the life of an exile from inter-war Germany who ended up as…

By Jeremy Adelman,

Why should I read it?

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

What is this book about?

Worldly Philosopher chronicles the times and writings of Albert O. Hirschman, one of the twentieth century's most original and provocative thinkers. In this gripping biography, Jeremy Adelman tells the story of a man shaped by modern horrors and hopes, a worldly intellectual who fought for and wrote in defense of the values of tolerance and change. This is the first major account of Hirschman's remarkable life, and a tale of the twentieth century as seen through the story of an astute and passionate observer. Adelman's riveting narrative traces how Hirschman's personal experiences shaped his unique intellectual perspective, and how his…


Book cover of The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes

Elizabeth Friesen Author Of Challenging Global Finance: Civil Society and Transnational Networks

From my list on why international finance fails to deliver.

Why am I passionate about this?

During my childhood I heard many stories of economic collapse, depression, and subsequent war. This created an early awareness of the power of financial forces to shape the welfare, security, and life chances of millions. Since then, I have worked to better understand how such things happen and what could be done about them. I have focused on the nature of power and studied the contingent and contested political processes that shape financial orders. This contestation opens up the possibility of change and makes me hope that future financial orders will, eventually, be based on a wiser, more encompassing understanding of welfare, security, and perhaps even justice, than has been the case so far. 

Elizabeth's book list on why international finance fails to deliver

Elizabeth Friesen Why did Elizabeth love this book?

I admire Keynes and I love this book. Not only is it beautifully written and fun to read but it is also important.

Keynes’ thought remains relevant and Carter does an excellent job of connecting Keynes’ ideas to our present-day predicaments. I feel much of Keynes’ work was motivated by a desire to prevent a repeat of World War I. When this failed, he set about doing his best to make sure that World War II ended with a more durable peace.

Keynes brought a skeptical eye to economic orthodoxy. I regret he died relatively young and was unable to weigh in on the events of the 1970s. Indeed, I regret he is not able to comment on the events of the 2020s but at least this book is. Not to be missed.  

By Zachary Carter,

Why should I read it?

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

What is this book about?

NEW YORK TIMES BESTSELLER • An “outstanding new intellectual biography of John Maynard Keynes [that moves] swiftly along currents of lucidity and wit” (The New York Times), illuminating the world of the influential economist and his transformative ideas

“A timely, lucid and compelling portrait of a man whose enduring relevance is always heightened when crisis strikes.”—The Wall Street Journal

WINNER OF THE HILLMAN PRIZE FOR BOOK JOURNALISM • FINALIST FOR THE NATIONAL BOOK CRITICS CIRCLE AWARD AND THE SABEW BEST IN BUSINESS BOOK AWARD • NAMED ONE OF THE TEN BEST BOOKS OF THE YEAR BY PUBLISHERS WEEKLY AND ONE…


Book cover of The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas

Alan Bollard Author Of Economists at War: How a Handful of Economists Helped Win and Lose the World Wars

From my list on how economists agree and disagree amongst each other.

Why am I passionate about this?

I am an economics professor at Victoria University of Wellington. As a previous Secretary of the New Zealand Treasury and Governor of the Reserve Bank of New Zealand, I have had quite a bit of experience watching economists’ ideas succeed and fail in the real world. I have written a number of books about policy economists and their lives in peace and wartime. (And a couple of novels too!)

Alan's book list on how economists agree and disagree amongst each other

Alan Bollard Why did Alan love this book?

This is a heavier read taking us through a group history of the Austrian School of Economics from the coffee houses of Imperial Vienna to the modern-day Libertarians. Economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter originated ideas that have had a big impact on economics and politics, and have been much debated ever since.

By Janek Wasserman,

Why should I read it?

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

What is this book about?

A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party

The Austrian School of Economics-a movement that has had a vast impact on economics, politics, and society, especially among the American right-is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism-and deep antipathy toward socialism-ultimately won them a devoted audience among the upper echelons of business…


Book cover of John Kenneth Galbraith: His Life, His Politics, His Economics

Roger E. Backhouse Author Of Founder of Modern Economics: Paul A. Samuelson: Volume 1: Becoming Samuelson, 1915-1948

From my list on 20th century economists.

Why am I passionate about this?

Roger E. Backhouse has been a Professor of Economics and the University of Birmingham (in the UK) for many years, specializing in the history of economic ideas, and has written several books on contemporary economics and where the ideas came from. Knowing that many people lose interest when economics gets technical, he has picked biographies of modern economists who have led interesting lives as well as contributing to the development of their discipline, defining “modern” economists as ones who were active during his own lifetime, a criterion that excludes John Maynard Keynes, on whom several outstanding biographies have been written.

Roger's book list on 20th century economists

Roger E. Backhouse Why did Roger love this book?

In the 1950s and 1960s, J. K. Galbraith was probably America’s most famous economist. A Canadian, whose career began as an agricultural economist, Galbraith achieved notoriety in the United States as Director of the wartime Office of Price Administration, until he was forced to resign. He was one of the economists responsible for spreading Keynesian ideas in America, and became active in the Democratic Party, and a close friend and adviser to President John F. Kennedy. He was the author of a string of best-sellers: American Capitalism, The Great Crash:1929, The Affluent Society, and The New Industrial State, as well as a talented essayist and speech-writer, coining phrases that have become well known, including “the conventional wisdom” and “private wealth and public squalor.” Holding radical political views, he became an outsider to an economics profession that increasingly turned away from his non-technical literary style. Parker has…

By Richard Parker,

Why should I read it?

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

What is this book about?

Higher education is a strange beast. Teaching is a critical skill for scientists in academia, yet one that is barely touched upon in their professional training-despite being a substantial part of their career. This book is a practical guide for anyone teaching STEM-related academic disciplines at the college level, from graduate students teaching lab sections and newly appointed faculty to well-seasoned professors in want of fresh ideas. Terry McGlynn's straightforward, no-nonsense approach avoids off-putting pedagogical jargon and enables instructors to become true ambassadors for science.

For years, McGlynn has been addressing the need for practical and accessible advice for college…


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