Fans pick 100 books like Institutions, Institutional Change and Economic Performance

I was initially drawn to economics as a way to understand and address global problems of poverty and hunger, like those I saw in Africa with the Peace Corps and later as a researcher. As my interests broadened toward environmental and other social problems, again I found that economics provides valuable insights about their causes and possible solutions. Economics is unfortunately often misunderstood and defined too narrowly: but as a social science, it encompasses a broad framework to comprehend individuals, families, cities, nations. It encompasses philosophical thought, normative questions, and intangibles like humans’ desire for respect. After decades as an economics professor I still find its insights fascinating and powerful.  

I was initially drawn to economics as a way to understand and address global problems of poverty and hunger, like those I saw in Africa with the Peace Corps and later as a researcher. As my interests broadened toward environmental and other social problems, again I found that economics provides valuable insights about their causes and possible solutions. Economics is unfortunately often misunderstood and defined too narrowly: but as a social science, it encompasses a broad framework to comprehend individuals, families, cities, nations. It encompasses philosophical thought, normative questions, and intangibles like humans’ desire for respect. After decades as an economics professor I still find its insights fascinating and powerful.  

Currently a Professor of Leadership and Strategy at Hult, I’ve been on the faculties of other top business schools, and an executive officer of a NASDAQ company. I’ve led “new to the world” technology projects and advised CXOs of global companies. These experiences convinced me that poor leadership is the biggest reason organizational initiatives fail. Two decades ago, I switched from being a technology scholar; I began researching leadership and writing for practitioners, not academics. My first book was on a 2009 “best business books” list. This one is in Sloan Management Review’s Management on the Cutting Edge series—books that its editors believe will influence executive behavior.

I was initially drawn to economics as a way to understand and address global problems of poverty and hunger, like those I saw in Africa with the Peace Corps and later as a researcher. As my interests broadened toward environmental and other social problems, again I found that economics provides valuable insights about their causes and possible solutions. Economics is unfortunately often misunderstood and defined too narrowly: but as a social science, it encompasses a broad framework to comprehend individuals, families, cities, nations. It encompasses philosophical thought, normative questions, and intangibles like humans’ desire for respect. After decades as an economics professor I still find its insights fascinating and powerful.  

Since 2008, I have conducted research on themes related to International Political Economy. I am currently the co-chair of the research committee on this topic at the International Political Science Association (IPSA) and am passionate about making sense of the interplay between material and symbolic factors that shape capitalism and globalisation. Being based in Brazil, I was stuck when the country—which did not have salient identity cleavages in politics—came to be, after 2008, a hotspot of religious-based right-wing populism associated with the defence of trade liberalisation as globalisation started to face meaningful backlash from White-majority constituencies who are relatively losers of the post-Cold War order in the advanced industrialised democracies.

I have been studying, writing, and teaching economic history for nearly four decades. I was drawn to the field because it let me combine my passion for understanding how the past and present are connected with my fascination with the insights derived from the natural sciences. When I started studying economic history, the discipline was still relatively new, having grown out of pioneering research in the 1950s and 1960s by a small band of innovative scholars. During my career, I have met many of these intellectual giants personally, and I have watched the discipline of economic history mature and grow in both its methods and intellectual scope.

I grew up in Brooklyn in a family that often faced financial difficulties and started working in my early teens in my father’s grocery store. These experiences made me painfully aware of the great disparities in education, security, material well-being, and opportunity in our society.  I saw how these inequalities caused some people to become cynical, resigned, or indifferent—while others became determined to overcome them. I became fascinated by them.  I felt that if I wanted to live in a more just and productive society, I first had to understand how it worked. My recommended books inspired me further and helped me to gain that understanding.

Economic history is, quite simply, my job: I write about it, I research it, and I’ve been teaching it for ten years at a small liberal arts college in New England. I’ve always felt that the best way to make sense of economic change is not by studying formal laws but by reading what past actors have left behind. Numbers and statistics are indispensable, but they acquire meaning only in relation to ideas and power. In any case, that’s what I take the books on this list to suggest. I think of these books—and others like them—as trusty companions. Perhaps you will, too.

I research, write and speak about the global environmental emergency and the policies and politics we need to adequately respond. Drawing on a decade of experience in academia, activism, and policymaking, my work explores the leadership needed to transition to more sustainable and equitable societies while contending with the growing destabilisation resulting from the worsening environmental crisis. I’ve worked at a range of leading policy research organisations and universities and have won awards for my work. I’ve got a BSc in physics and an MPhil in economies from the University of Oxford. 

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.