Here are 100 books that One Economics, Many Recipes fans have personally recommended if you like
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I am an academic at the University of Oxford who specializes in international political economy, so I study this topic for a living! I am particularly interested in the politics of international cooperation and economic development. Growing up, I traveled extensively in developing countries across Asia and Africa, which inspired in me a deep curiosity about the determinants of sustained economic growth. I also spent much time in Geneva, where my father frequently worked with United Nations agencies. His anecdotes about these institutions each evening made me wonder what caused some of them to perform effectively and others to perform poorly—and how they could be improved.
I have long believed that development economists rely too heavily on reductive formal models that ignore on-the-ground realities and are backed by scant empirical evidence. This book makes a compelling case for observation—particularly in the form of randomized controlled trials that approximate scientific experiments “in the field.”
I admire its rigorous use of the scientific method to critique theoretical approaches that draw much of their legitimacy and influence from technical sophistication and abstraction.
Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics , Abhijit V. Banerjee and Esther Duflo, two practical visionaries working toward ending world poverty, answer these questions from the ground. In a book the Wall Street Journal called marvellous, rewarding," the authors tell how the stress of living on less than 99 cents per day encourages the poor to make questionable decisions that feed,not fight,poverty. The result is a radical rethinking of the economics of poverty that offers a ringside view of the lives of…
I am an academic at the University of Oxford who specializes in international political economy, so I study this topic for a living! I am particularly interested in the politics of international cooperation and economic development. Growing up, I traveled extensively in developing countries across Asia and Africa, which inspired in me a deep curiosity about the determinants of sustained economic growth. I also spent much time in Geneva, where my father frequently worked with United Nations agencies. His anecdotes about these institutions each evening made me wonder what caused some of them to perform effectively and others to perform poorly—and how they could be improved.
Who writes the rules of the global economy? This book pulls back the curtain on what I consider one of the most profound transformations in global governance in recent decades: the delegation of regulatory authority by governments to international private-sector organizations, such as the International Organization for Standardization (ISO) and the International Accountability Standards Board (IASB).
I was only dimly aware of this shift before I read the book, and I had wondered who its “winners and losers” were across sectors and countries. The authors provide surprising and nuanced answers based on wide-ranging data collection as well as interviews with key stakeholders.
Over the past two decades, governments have delegated extensive regulatory authority to international private-sector organizations. This internationalization and privatization of rule making has been motivated not only by the economic benefits of common rules for global markets, but also by the realization that government regulators often lack the expertise and resources to deal with increasingly complex and urgent regulatory tasks. The New Global Rulers examines who writes the rules in international private organizations, as well as who wins, who loses--and why. Tim Buthe and Walter Mattli examine three powerful global private regulators: the International Accounting Standards Board, which develops financial…
I am an academic at the University of Oxford who specializes in international political economy, so I study this topic for a living! I am particularly interested in the politics of international cooperation and economic development. Growing up, I traveled extensively in developing countries across Asia and Africa, which inspired in me a deep curiosity about the determinants of sustained economic growth. I also spent much time in Geneva, where my father frequently worked with United Nations agencies. His anecdotes about these institutions each evening made me wonder what caused some of them to perform effectively and others to perform poorly—and how they could be improved.
This book develops what I regard as the most important and insightful theory of why states pursue cooperation through international institutions.
The author’s argument, which innovatively brings insights from transaction cost economics to bear on the study of international cooperation, explains how such institutions deliver mutual benefits to states and why they are so enduring—even when the power structures that gave birth to them have crumbled.
This book is a comprehensive study of cooperation among the advanced capitalist countries. Can cooperation persist without the dominance of a single power, such as the United States after World War II? To answer this pressing question, Robert Keohane analyzes the institutions, or "international regimes," through which cooperation has taken place in the world political economy and describes the evolution of these regimes as American hegemony has eroded. Refuting the idea that the decline of hegemony makes cooperation impossible, he views international regimes not as weak substitutes for world government but as devices for facilitating decentralized cooperation among egoistic actors.…
I am an academic at the University of Oxford who specializes in international political economy, so I study this topic for a living! I am particularly interested in the politics of international cooperation and economic development. Growing up, I traveled extensively in developing countries across Asia and Africa, which inspired in me a deep curiosity about the determinants of sustained economic growth. I also spent much time in Geneva, where my father frequently worked with United Nations agencies. His anecdotes about these institutions each evening made me wonder what caused some of them to perform effectively and others to perform poorly—and how they could be improved.
This classic work of political economy—one of the first books I read on the subject—begins with the striking observation that few countries follow the advice of economists in setting trade policy. Rather, this choice must be recognized as fundamentally political.
The author sets out an innovative formal framework that explains policy outcomes in terms of the transaction costs that arise in economic interactions (such as trade). This parsimonious yet powerful approach has significantly shaped my understanding of how economic policymaking works in practice.
The Making of Economic Policy begins by observing that most countries' trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of economic policy.
Avinash Dixit looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. Such costs of planning, implementing, and monitoring an exchange have proved critical to explaining many phenomena in industrial organization. Dixit discusses the variety of similar transaction costs encountered in the political process…
As a boomer and working-class kid, I experienced living conditions improving rapidly. This sparked my interest in studying international and development economics to explore how we can create a better and more equitable world. As professor of international economics, I have been researching and teaching for many years about what is now known as “globalization”. This taught me two things that inspired me to write my latest book: First, to understand the process and consequences of (de-)globalization, in-depth study is essential to avoid popular misconceptions about the global economy; and, second, globalization needs to be carefully managed to make it work for all people.
This is one of the most influential books on economic globalization written in the last decade, and it will certainly continue to be crucial to understand the future of globalization.
Rodrik’s Globalization Paradox pinpoints the key policy trade-offs in a globalized economy: If policymakers opt for “hyper-globalization” while insisting on national decision-making, they could find their societies in the “golden straitjacket” of global capitalism.
Alternatively, they could give up sovereignty to democratically legitimized “global governance”.
As the latter is difficult to achieve and often unacceptable to national policymakers, Rodrik argues for limiting hyper-globalization.
The existence of a globalization paradox as well as Rodrik’s conclusion, has been hotly discussed, but the ongoing debate only proves the importance of his book.
In this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik reminds us of the importance of the nation-state, arguing forcefully that when the social arrangements of democracies inevitably clash with the international demands of globalization, national priorities should take precedence. Combining history with insight, humor with good-natured critique, Rodrik's case for a customizable globalization supported by a light frame of international rules shows the way to a balanced prosperity as we confront today's global challenges in trade, finance, and labor markets.
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.
Quite simply the best survey of 20th-century international political economy out there. I assign it to my students and turn to it whenever I need a brief refresher on things.
How exactly did the classic gold standard collapse? Why again did Latin American countries turn autarkic after World War II? What was the role of foreign direct investment under Bretton Woods? Why did labor suffer in the 1970s, and why did finance boom in the 1980s?
Frieden has the answers, and he presents them in a supple narrative and with a commendably sharp sense of politics.
A wonderful blend of "politics and economics, micro and macro, past and present in an accessible narrative" (The Washington Post), Global Capitalism presents an authoritative history of the twentieth-century global economy. Jeffry A. Frieden's discussion of the financial crisis of 2008 explores its causes, the many warning signals for policymakers and its repercussions: a protracted recovery with accumulating levels of inequality and political turmoil in the European Union and the United States. Frieden also highlights China's dramatic rise as the world's largest manufacturer and trading nation, perhaps the most far-reaching development of the new millennium. Drawing parallels between the current…
I am a Chicago-based artist, author, veteran, and teacher. I studied at the American Academy of Art in Chicago before enlisting in the United States Air Force in 1968 during the bloody Tet Offensive during the Vietnam era. Upon my discharge I got my BFA in 1994. I got convicted for a crime I did not commit, and I became a homeless-existential artist on Chicago’s mean streets for six months. I got hired by an Acoustic company, and I married and worked for twenty-seven years while raising a family. I now work as an art teacher. All my nonfiction books chronicle different episodes in my life.
When I was a homeless artist, I stumbled across this brilliant book, and it validated my belief that contrary to what global capitalists believe, free markets outside the West do not spread wealth in the hands of an ‘outsider’ minority but instead generate ethnic envy and hatred among the frustrated, impoverished majorities.
Amy Chua states that billions of poor, exploited, and powerful people around the world (homeless and displaced) watch as the wealthy minority in the United States continues to amass more control, prestige, and tax breaks.
Ironically, Chua points out, although America is viewed “as arrogant, hegemonic and vapidly materialistic, most of the downtrodden would rather be in the U. S. than anywhere else. In 2023, close to 10 million illegal migrants have entered the U.S. via the porous Texas border.
The reigning consensus holds that the combination of free markets and democracy would transform the third world and sweep away the ethnic hatred and religious zealotry associated with underdevelopment. In this revelatory investigation of the true impact of globalization, Yale Law School professor Amy Chua explains why many developing countries are in fact consumed by ethnic violence after adopting free market democracy.
Chua shows how in non-Western countries around the globe, free markets have concentrated starkly disproportionate wealth in the hands of a resented ethnic minority. These “market-dominant minorities” – Chinese in Southeast Asia, Croatians in the former Yugoslavia, whites…
I have studied the impact of economics on security for decades. In addition to co-authoring Globalization and the National Security State, I published books on economic interdependence and security, the efficacy of economic sanctions and incentives as tools of foreign and security policy, and the use of economic instruments to promote regional peacemaking. In general, I have always been fascinated by the economic underpinnings of security, from Napoleon’s observation that an army marches on its stomach to the utility of advanced financial sanctions to punish rogue actors in the contemporary era.
This is a good early analysis of globalization and the enormous transformations it is reputed to have brought about. Its contributions are many, including a conceptualization of globalization that goes beyond economic exchange to include cultural, social, and political dimensions of global interactions.
Overall, Mittelman sees the immense, unsettling tensions in globalization that are likely to give rise to contestation and conflict.
Here James Mittelman explains the systemic dynamics and myriad consequences of globalization, focusing on the interplay between globalizing market forces, in some instances guided by the state, and the needs of society. Mittelman finds that globalization is hardly a unified phenomenon but rather a syndrome of processes and activities: a set of ideas and a policy framework. More specifically, globalization is propelled by a changing division of labor and power, manifested in a new regionalism, and challenged by fledgling resistance movements. The author argues that a more complete understanding of globalization requires an appreciation of its cultural dimensions. From this…
My interest in global issues developed when I was a student. What was my conviction already then became more obvious every year since then. In order to solve our most urgent problems, we need to have a strong and legitimate global governance system. Global governance, therefore, became the core of my research. I am Michael Zürn, the Director of the Research Unit Global Governance at the Berlin Social Science Center (WZB) and a Professor of International Relations at Free University of Berlin. I have also been the co-spokesperson for the Cluster of Excellence "Contestations of the Liberal Script" (SCRIPTS) since 2019.
This book is a must-read for everyone who wants to attain a better understanding of global politics and how the current thinking about global governance has evolved.
Keohane and Nye teach us how to analyze interstate affairs through a theoretical lens that is reflective of both interstate competition and interdependence. States compete on their levels of welfare. At the same time, they can benefit from cooperation because the increasing number of cross-border transactions (e.g., flows of money, goods, or people) are often connected to reciprocal costs each state wants to reduce. Embedded in formalized sets of rules and norms, one could think of the GATS agreement supervised by the WTO; these interdependencies must be seen as a dominant structure in an increasingly globalized world.
Though written in the seventies, this book remains a seminal work in the field of international relations, and its relevance to the contemporary world still holds…
A landmark work of international relations theory, Power and Interdependence first published in 1977 and posited a radically comprehensive explanation of the mechanics driving world affairs-"power politics" on one hand and "complex interdependence" on the other hand.
This widely influential book reexamined the military and economic interests of state and non-state actors, and in an argument made before the end of the Cold War, the authors broadened the prevailing realist worldview of the time and anticipated many of the developments in our modern era of globalization. With a new preface by the authors and a foreword by Fareed Zakaria that…
I’m a nerd about all things museums and archives, which I teach and write about. I was trained as an anthropologist, and got really interested in using anthropology’s methods (namely ethnography) to do long-term, embedded, deep-dive fieldwork in bureaucratic settings, like big museums. I love reading books by journalists, economists, historians, and others who do ethnography and really embed themselves in different communities, places, and cultures.
This was the first book I read that was kind of an embedded object biography back when I was an undergraduate student in my second-ever anthropology class. I was totally hooked on the genre. This book follows t-shirts, from where cotton is picked, to where t-shirts are manufactured, printed, sold and distributed, to their disposal—including second lives on the used clothing market. “Who made your t-shirt?” as a great first starting question.
The keys to global business success, as taught by a T-shirt's journey
The Travels of a T-Shirt in the Global Economy is a critically-acclaimed narrative that illuminates the globalization debates and reveals the key factors to success in global business. Tracing a T-shirt's life story from a Texas cotton field to a Chinese factory and back to a U.S. storefront before arriving at the used clothing market in Africa, the book uncovers the political and economic forces at work in the global economy. Along the way, this fascinating exploration addresses a wealth of compelling questions about politics, trade, economics, ethics,…
