100 books like Development as Freedom

In this slim book, Ken Arrow – Nobel laureate and “one of the transcendent minds in the history of economics” – reveals with extraordinary clarity many essential truths about how the world works and why.

The first of these four essays is among the most eloquent and succinct statement about the core conflicts humanity faces: between the individual and society, between freedoms and collective obligation, between compromise and commitment.

Given that context, Arrow builds a framework for understanding the nature of organizations: their purposes, processes, and the central role of information. The clarity with which Arrow has developed this economics of information – an asset intangible and unmeasurable – reveals his genius.

The inquiry closes by considering the role of authority and responsibility; but throughout there are gems of insights in nearly every paragraph. 

Private property or the commons? Free enterprise or public ownership?

Arguably the most substantive contribution to such debates in the past 50 years has come from Elinor Ostrom for her decades of study of common-pool resource management.

From case studies around the world and from centuries past, she proves that collective ownership need not end in a “tragedy of the commons,” but can succeed.

In work that won her the Nobel Prize in Economics (she is a political scientist) studying community-managed fisheries, forests, grazing lands, and watersheds, Ostrom describes and evaluates successes and failures in great detail and with attention to the role of rules, monitoring, and enforcement, and leadership, in determining the kinds of governance that are most likely to succeed.  

Read this book if you say, “Let’s find a win-win solution.”

Sadly, most aspiring leaders misuse and abuse the term “win-win.” Instead of considering it a strategic option that should be thoughtfully applied, they treat it as a moral virtue. They then espouse win-win while striving for what I call “win-no-lose”—the hope that “we” win but “they” don’t realize they lost.

This makes building coalitions and collaborating terribly difficult precisely at the time in history when we desperately need to do these well. The book is full of surprising insights (like why turning the other cheek—advocated by most religions—doesn’t work).

It also teaches (aspiring) leaders how a critical mass of people who believe in cooperation can transform their organizations even if their peers don’t agree with them.

“Institutions are the rules of the game,” according to Douglas North, economic historian and Nobel Laureate.

Once created, institutions may be changed, but their legacy can be powerful. Economic history is a consequence of a dynamic, sometimes disruptive, process of institutional change, one for which a path to better institutions is not assured.

Exchange involves risks and uncertainty. In centuries past, kinship ties helped reduce uncertainty for exchange in insular communities. As exchange across larger distances expanded to engage with more distant communities, alternatives institutions were needed, such as contracts, laws, courts.

Whether one’s interest is promoting welfare, equity, sustainability, or economic growth (emphasized by North), this conceptual framework of institutional change offers powerful insights about how the world works and why it is organized the way that it is.

No one has wrestled more deeply with globalization than the Nobel laureate economist Joseph Stiglitz.

Here, he reveals how the shape of our modern world is colored by a mutant form of freedom that has captured society and the levers of power—the notion that individuals and businesses left to their own devices somehow maximize social good.

You don’t need a Nobel of your own to recognize how this fantasy has fallen short.

Italian philosopher and historian Domenico Losurdo’s book Liberalism: A Counter-History represents one of the most ambitious attempts to conceptually and historically tie the liberal tradition to the politics of slavery, empire, and genocide. What I find to be most evocative about Losurdo’s “counter-history” is both his sweeping narrative of the liberal tradition balanced against a close reading of key figures in that tradition. Losurdo provides an important critique of liberalism, and provides us with the analytic and methodological tools to interrogate its legacy, its past, its future.

This is the best contemporary introduction to the way in which laws that facilitate market transactions promote peace and prosperity. When philosophy students are introduced to libertarianism, they typically read Robert Nozick’s Anarchy, State, and Utopia, but Epstein’s book is more illuminating and more carefully argued. As with Hayek, I didn’t read this in a friendly spirit, but I was persuaded by the big picture. We disagree about details – a lot of details – but the basic story is sound.

I have met Orlando only once, alas, at the university where he has taught for many years (Harvard), he is both a novelist and historical sociologist. For a Black scholar originating from Kingston, Jamaica, to write approvingly of forms of freedom that he believes ‘made’ Western culture, when that culture arguably in both its ancient Greek and its modern Euro-American modes was also based on slavery, is in itself very remarkable. This is the first of a two-volume study.

Political scientists don’t always write with verve and insight, but the late Glenn Tinder did. This book takes the ever-challenging theme of liberty and shows me how to understand it as more than an Independence Day slogan.

Tinder provoked me to consider how my freedom should be about more than me but used instead to assist others less resourced than I am. I found this book a refreshing change from the selfish agenda of so many authors writing about liberty and freedom without also considering responsibility and community.

This is the most obvious book on this list. If you do read one book about climate change, make it this one.

It’s mainly not about climate change at all, but about the difficult balance between protecting people and freedom of expression. If we want a society that makes life better for all, and I do want that, we need to get this balance right.

It’s hard, as Nelson shows, but also incredibly exciting to identify freedom, in art, in sex, in drugs and in climate. This list isn’t an accident.