Here are 100 books that Poor Economics fans have personally recommended if you like
Poor Economics.
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I am a professor at Georgetown University, and I have long been interested in the promise and peril of global markets and the fundamental question of why some countries are rich and others poor. I've always loved looking at globalization at ground level: My travels to Chinese factories, Washington trade negotiations, and African cocoa farms have been great adventures of both mind and spirit, and I always leave with a new friend who has illuminated my understanding of this complex world. But in a late-life shift (that is not as random as it sounds) my current work revolves around criminal justice in the US. I currently direct the Pivot Program at Georgetown.
Zingales is a brilliant academic economist, but this book leads the reader with both head and heart. Zingales is concerned that the US is on a path to similarities with his native Italy, where markets and politics are both corrupted by cronyism and nepotism. The book’s appeal is that Zingales's compelling argument cannot be put in a left or right box. He lays out evidence to suggest that more open competition will address both the inequality concerns of liberals, as well as the free market priorities of conservatives. Today, Zingales seems to suggest, we have the worst of both worlds.
Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment--paired with rampant nepotism and cronyism--on a country's economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better. In A Capitalism for the People, Zingales makes a forceful, philosophical, and at times personal argument that the roots of American capitalism are dying, and that the result is a drift toward the more corrupt…
I'm an experimental social psychologist and Scientia Professor at the University of New South Wales, Sydney. I grew up in Hungary, and after an adventurous escape I ended up in Sydney. I received my DPhil and DSc degrees from the University of Oxford, and I spent various periods working at Oxford, Stanford, Heidelberg, and Giessen. For my work I received the Order of Australia, as well as the Distinguished Scientific Contribution Award, the Alexander von Humboldt Prize, and a Rockefeller Fellowship. As somebody who experienced totalitarian communism firsthand, I am very interested in the reasons for the recent spread of totalitarian, tribal ideologies, potentially undermining Western liberalism, undoubtedly the most successful civilization in human history.
This is one of the best books I have read that helps to understand the reasons behind the fascinating and unpredictable rise of Western liberal civilization.
Humans lived in abysmal conditions for tens of thousands of years, poor, wretched, exposed to violence, war, illness, and untimely death for most of our evolutionary history. The emergence of Western liberal civilization is truly an amazing break with our miserable past. How did this happen?
The authors argue that there is a very precarious path to be followed between totalitarian and imposed order, and chaotic individualism, and Western civilization happened to find almost by chance that delicate balance as a result of a combination of historical, ideological, and other circumstances.
"Why is it so difficult to develop and sustain liberal democracy? The best recent work on this subject comes from a remarkable pair of scholars, Daron Acemoglu and James A. Robinson. In their latest book, The Narrow Corridor, they have answered this question with great insight." -Fareed Zakaria, The Washington Post
From the authors of the international bestseller Why Nations Fail, a crucial new big-picture framework that answers the question of how liberty flourishes in some states but falls to authoritarianism or anarchy in others--and explains how it can continue to thrive despite new threats.
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.
I have written all my life. This includes freelance writing as well as reporter jobs at small, weekly newspapers in the DC/VA area. I have also taught writing (creative and technical writing) to students as diverse as jail inmates, residents of homeless shelters, military officers at the Pentagon, CIA employees, and firefighters at Ronald Reagan National Airport. Both of my published novels are works of historical fiction set in my native Iceland: Seal Woman and Sigga of Reykjavik. These novels cover the time 1908 to 1955, a period when Iceland was a little-known island. I have always been drawn to novels about isolated, cold-weather places where unusual characters and mannerisms flourish.
Hata, a Korean, adopted by a Japanese couple, serves the Japanese Army as a medic in World War II. His job is to care for enslaved Koreans who serve as “comfort women” to Japanese soldiers. His experiences are the material of nightmares. Years later he leads a deceptively quiet life in a small town in New Jersey with his Korean adoptive daughter. It is deceptively quiet because his unresolved war experiences, presented in flashbacks, haunt him. I admired the abrupt manner in which Chang-Rae Lee interrupted Hata’s uneventful life with horrific memories.
The author’s method felt like the triggering of those who have suffered trauma and continue to relive events as PTSD. This approach of interweaving past with present inspired my depiction of a young German woman living a quiet life on a primitive Icelandic farm, milking the cows and raking the hay, while being repeatedly interrupted by memories of…
Franklin Hata, Korean by birth but raised in Japan, is an outsider in American society, but he embodies the values of the town he calls his own - he is polite and keeps himself to himself. Franklin deflects everyone with courtesy and impenetrable decorum, and becomes a respected elder of his small, prosperous American town. 'You make a whole life out of gestures and politeness,' Sunny tells her adoptive father. But as Sunny tries to unpick her father's scrupulous self-control, the story he has repressed emerges: his life as a medic in the Japanese Army and his love for a…
As Nobel prize-winning economist Robert Lucas put it, "Once you start thinking about economic growth, it's hard to think about anything else." That's why I am eager to share the best books on economic development with you! I am a Senior Economist at the World Bank, the world's premier development institution. Over the years, I have developed a deep interest in what makes countries prosper, have published extensively on the topic in academic journals, and earned a PhD in Economics along the way. As a development practitioner, I have been supporting sustainable growth across the globe, with working experience in the Caribbean, Africa, and the Pacific.
Stefan Dercon argues that the answer lies not in specific policies but rather in a key ‘development bargain,’ whereby a country’s leaders shift from protecting their own interests to gambling on a growth-based future. Despite its imperfections, China is among the most striking recent success stories, along with Indonesia and Ethiopia.
This book is about these choices, in contrast to countries stuck in a bad equilibrium. I loved the global experience Dercon drew on, ranging from Ebola in Sierra Leone, scandals in Malawi, beer factories in the Congo, mobile phone licenses in Mozambique, and humanitarian aid in Sudan.
In the last thirty years, the developing world has undergone tremendous changes. Overall, poverty has fallen, people live longer and healthier lives, and economies have been transformed. And yet many countries have simply missed the boat. Why have some countries prospered, while others have failed? Stefan Dercon argues that the answer lies not in a specific set of policies, but rather in a key 'development bargain', whereby a country's elites shift from protecting their own positions to gambling on a growth-based future. Despite the imperfections of such bargains, China is among the most striking recent success stories, along with Indonesia…
As Nobel prize-winning economist Robert Lucas put it, "Once you start thinking about economic growth, it's hard to think about anything else." That's why I am eager to share the best books on economic development with you! I am a Senior Economist at the World Bank, the world's premier development institution. Over the years, I have developed a deep interest in what makes countries prosper, have published extensively on the topic in academic journals, and earned a PhD in Economics along the way. As a development practitioner, I have been supporting sustainable growth across the globe, with working experience in the Caribbean, Africa, and the Pacific.
After the fall of the Berlin Wall and the collapse of the Soviet Union, the 1990s saw the model of democratic capitalism prevail. Thirty years later, democracy is being questioned, and capitalism has been threatened by growing inequality.
Martin Wolf’s book provides a deep study of the underlying causes of this worrying development, something I very much appreciate. For all its flaws, Wolf argues that democratic capitalism remains the most promising economic model to provide individual freedom and shared prosperity, but it will require a revisiting of the concept of citizenship to foster a shared belief in the common good.
From the chief economics commentator of the Financial Times, a magnificent reckoning with how and why the marriage between democracy and capitalism is coming undone, and what can be done to reverse this terrifying dynamic
Martin Wolf has long been one of the wisest voices on global economic issues. He has rarely been called an optimist, yet he has never been as worried as he is today. Liberal democracy is in recession, and authoritarianism is on the rise. The ties that ought to bind open markets to free and fair elections are threatened, even in democracy’s heartlands, the United States…
As Nobel prize-winning economist Robert Lucas put it, "Once you start thinking about economic growth, it's hard to think about anything else." That's why I am eager to share the best books on economic development with you! I am a Senior Economist at the World Bank, the world's premier development institution. Over the years, I have developed a deep interest in what makes countries prosper, have published extensively on the topic in academic journals, and earned a PhD in Economics along the way. As a development practitioner, I have been supporting sustainable growth across the globe, with working experience in the Caribbean, Africa, and the Pacific.
In a captivating journey from the dawn of human existence to the present, Oded Galor offers a fascinating tale of why some nations have developed while others haven't.
The book explains how technology, family size, and adaptation led to a profound change in human history, with the Industrial Revolution as the turning point. The fundamental forces driving the explosion of per capita prosperity (in some nations) can be traced back to sound political institutions, conducive cultural traits, and an 'optimal' ethnic diversity that followed from the dispersal of modern humans out of Africa some 70,000 years ago.
I was struck by how the author brought together a wide variety of research on growth and development in a coherent framework.
This breakthrough scientific masterwork - and INTERNATIONAL BESTSELLER - reveals the underlying forces that have shaped human history and will secure our future...
'Masterful. Galor answers the ultimate mystery' Lewis Dartnell
The stunning advances that have transformed human experience in recent centuries are no accident of history - they are the result of universal and timeless forces, operating since the dawn of our species. Drawing on a lifetime's scientific investigation, Oded Galor's ground-breaking new vision overturns a host of long-held assumptions to reveal the deeper causes that have shaped the journey of humanity:
Education rather than industrialisation Family size and…
As Nobel prize-winning economist Robert Lucas put it, "Once you start thinking about economic growth, it's hard to think about anything else." That's why I am eager to share the best books on economic development with you! I am a Senior Economist at the World Bank, the world's premier development institution. Over the years, I have developed a deep interest in what makes countries prosper, have published extensively on the topic in academic journals, and earned a PhD in Economics along the way. As a development practitioner, I have been supporting sustainable growth across the globe, with working experience in the Caribbean, Africa, and the Pacific.
I found this book to be a brilliant analysis of how nations can achieve peace and development, stressing the importance of political institutions.
With mathematical precision, quite literally, the book nicely illustrates the fundamental drivers of development: inclusive political institutions and a shared belief in the common good. The absence of those elements can explain the existence of very different development clusters in fragile states that are troubled by poverty, violence, and weak state capacity.
I feel the book does an excellent job of disentangling deeper causes from symptoms of underdevelopment.
"Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters - places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes.…
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 presents one of the most thoughtful and—to me—convincing accounts of the relationship between globalization and economic growth.
The author rejects the simple dichotomies offered up by “pro-globalizers” and “anti-globalizers,” arguing that successful development tends to require experimentation, pragmatism, and the adaptation of policy tools to local contexts.
This empirically grounded perspective not only explains a great deal of variation in the fortunes of developing countries but also complements and extends key principles of economics.
In One Economics, Many Recipes, leading economist Dani Rodrik argues that neither globalizers nor antiglobalizers have got it right. While economic globalization can be a boon for countries that are trying to dig out of poverty, success usually requires following policies that are tailored to local economic and political realities rather than obeying the dictates of the international globalization establishment. A definitive statement of Rodrik's original and influential perspective on economic growth and globalization, One Economics, Many Recipes shows how successful countries craft their own unique strategies--and what other countries can learn from them. To most proglobalizers, globalization is a…
