100 books like IQ and the Wealth of Nations

I'm not sure when I have learned more about humanity than with the books of Yuval Harari.

I recommend this book as it is the first of the series, and I could read it over and over and still not have captured everything that Yuval Harari explores and teaches us.

A great historian who uses history to explore our future, Yuval Harari is one whose books I read every chance I have.

Angus Deaton presents his own work and summarizes the work of others to describe the beginning of sustained economic growth, what is sometimes called the industrial revolution.

Not only does this sustained economic growth result in much greater health and wealth, but also in inequality.

Before, only a very small number of people enjoyed leisure and what were the luxuries of the time. After, increasing percentages of people escaped the so-called iron law of wages.

This recommendation is more technical than my previous recommendations.

The authors reconstruct many measures of income and income inequality to show that the widening gap indicated by official statistics is an artifact of certain assumptions underlying these statistics.

First, and most importantly, regarding those who are dependent on the social safety net, "income" includes only cash benefits dispensed by the government, not the cash value of non-cash benefits; and, for those who are taxpayers, "income" is defined as before-tax income, not after-tax income.

Second, monetary values are incorrectly corrected by the CPI (the authors propose using the chained-linked CPI).

The book might be considered to present an agenda for further research on the specifics it addresses and similar concerns.

Maddison weaves varied measures into a history of GDP, population, and perforce GDP per capita of the world and its regions and of countries as the data allow, going back to ‘year 0’ (the year that’s not between 1 BC and 1 AD).

His effort is continued by the Maddison Project.

Careful measurement could be said to differentiate the scientific from the discursive disciplines.

Szuchman and Anderson use the framework of economics principles to look at marital relationships. Though the book was written as more of a self-help marriage guide, it’s an excellent introductory primer to many economic theories. 

Every chapter introduces and defines an economic theory–including moral hazard, comparative advantage, loss aversion, supply and demand, and incentives. Then the authors profile a married couple in crisis and describe how the economic theory fits the marital problem.

It’s a fascinating way of narrowing the larger issues of how to allocate scarce resources into the domestic sphere. I found applying economic theories to married couple fights helped me better understand economics as a whole, and the ways I make decisions in every part of my life.

Additionally, this book can be laugh-out-loud funny.

Viviana Zelizer’s book told me the fascinating story of the cultural transition from a time when children provide to parents mostly financial well-being to a time when children provide only life well-being.

In the 18th century, in America, parents welcomed the arrival of their children mostly as workers when children were young and as security when parents were old. By the mid-19th century, however, parents of the urban elite welcomed their children mostly for their life well-being benefits in love, smiles, and successes that make parents proud.

Children, in Zelizer’s language, became ‘sacralized,’ economically worthless but emotionally priceless. By the early 20th century, working-class and poor parents joined elite parents in sacralizing their children. 

Mainstream economic accounts of culture are prone to treat culture as a set of norms or informal institutions which constrain economic behavior: ‘don’t charge interest,’ ‘don’t sell kidneys,’ or ‘always tip at a bar’. Storr presents an alternative account of culture as the animating spirit of an economy, which he illustrates through various entrepreneurial spirits which shape the direction of an economy. This book is the perfect combination of serious anthropological theory (Geertz) and an appreciation of the market process. Culture is not that which obstructs market, but that what brings economies to life. 

Steven Levitt, Professor of Economics at the University of Chicago, has written a thoughtful book at the layperson level to help one understand how mathematical and economic tools provide insights into sensitive social issues from racism to abortion.

He delves into predicting the long-term consequences of short-term decisions. This book is not intended for the college classroom, and it is controversial, but I found it to be a fascinating read.

We all loved Freakonomics. The incredible Stephen J. Dubner and Steven Levitt did it again in their second book Super Freakonomics.

Thinking like an economist is a powerful tool. What might surprise you are the motley assortment of questions that you can think about from the perspective of an economist.

This book is bold, funny, and insightful. And what’s the underlying theme? Well, it’s one thing all economists can agree on – incentives matter. Dubner and Levitt are masterful storytellers and teachers.

Even if you aren’t interested in thinking like an economist, their perspective on topics covered is worth the read. 

One of the world’s leading microeconomic scholars presents in this fascinating book brilliant insights about economic theory and its role in public policy.

Rubinstein challenges several central tenets of game theory, and sheds light on the role economics can and should play in society at large. The book presents economic theory through a series of fables.

The stories provide the basic insights of economics, but also enables us to critically evaluate the effect of implicit assumptions on the predictive power of economic theory and its moral implications.