Fans pick 100 books like Rethinking Economics

I recently attended the 10-year Reinventing Organizations anniversary party over Zoom, which attracted hundreds of people from around the world. Many quit their jobs after reading Frederic Laloux’s book to help build a new market for a radically different approach to management consulting.

The unassuming former McKinsey consultant became a household name in business circles when his surprise bestseller challenged conventional ways of working. His premise is bold: we are entering a new stage of human consciousness that demands a rethink of how we organize work. Moving away from traditional command-and-control hierarchies formed during the Industrial Revolution, Laloux showcases case studies of organizations where everyone is encouraged to operate like an entrepreneur and contribute meaningfully.

In this engaging read, Laloux distills complex ideas effortlessly, inspiring readers to reimagine what’s possible for themselves and their teams. Reinventing Organizations is not your typical business book. A decade later, its insights remain fresh,… show more.

I am such a fan of Theory U, which gives the practical road map to ‘Presencing’ described in this book: the path it unfolds around generating truly transformational change, shifting our leadership and organisational thinking, decision-making, and action away from the traditional notions of leadership–evidence-driven thinking and problem-solving–and into the realms of heightened awareness, intuition, and sustainable decision making. 

In my view, this book offers a clever combination of perspectives and insights from the worlds of science, business, and, courageously, spirituality. Its integration of big-picture vision–the change we could bring to the world–grounded in reality with real-life case studies and practical exercises makes it a valuable guidebook for leaders.

Wheatley took me into the world of interconnectedness and systems in leadership and organisations on a relational level long before systems became a hot topic in leadership and organisations. She described the world of work I could see but didn’t yet live in.

Though published more than 30 years ago, its strategies and practical advice for leaders are as powerful and relevant now as they were surprising and challenging in terms of the accepted wisdom of the leadership of that time.

Though science isn’t my thing, I love how Wheatley blends science–insights from chaos theory, quantum physics, and biology–to open up an understanding of organisational dynamics and emergence. I love the note of optimism running through the book that would surely stir all but the most ‘set in their ways’ leaders to different action.

For me, the idea of leading by serving others, of helping them grow to be their best, expresses one of the core principles of leadership–releasing the potential in others. Service was the background track of my early corporate career in an organisation striving to do this globally.

The principles of servant leadership–empowering others and ethical and sustainable leadership–sit well with my spiritual values. This book has played a significant part in my journey to leading and living more consciously. 

What also stood out for me was Greenleaf’s introduction of the concept of stewardship–we are, after all, just stewards of our organisation, and our world, tending and nurturing them for the next generation. This stewardship mentality is increasingly important given the climate and other crises of today.

Mary Furner’s book presents what is the common view of progressives as liberal reformers, but there is another side to progressive social science that is less liberal. 

The progressive era social science literature is replete with racism and with arguments about racial and other forms of inferiority derived from eugenics.

The vast amount of immigration from Southern and Eastern Europe gave rise to concerns about the undermining of American standards, both biological and economic, including theories of “race suicide.” 

Leonard’s book has generated a great deal of discussion, and while there is no doubt that many progressives displayed eugenic and racist ideas, it needs to be stressed that such views were not limited to progressives, but included many of those with conservative and even free-market views in other areas.     

Financial Times columnist Martin Sandbu laments “the end of belonging”, a decades-long but unwritten social contract in postwar Western-style social market democracies that promised boomers and their parents broadly shared prosperity.

Being a boomer myself, I know all too well what he is talking about. However, he argues that globalization is often used as a scapegoat, and posits that national policies to offset the negative side effects of (global) markets are feasible even in a globalized world.

He proposes a range of policies from wealth taxes to minimum wages, active labor market policies, and macroeconomic stimuli to create a high-pressure economy, but emphasizes that it is crucial to put together a comprehensive package of all suggested policies to make (global) markets work for everyone.

In an accessible language and with multiple real-life examples, Madrick systematically critically engages every humdrum idea of principle attributed to the presumed success of capitalism. Following to a great extent Karl Marx’s lead on the self-destruction of the economic system we call capitalism, Madrick updates the critique to the 21st century and shows, time and again, why capitalism is not only prone to recessions and depressions but will bring about its own demise.

This book is highly recommended for those who want to get an overview of the newest research on the Great Depression. Written by leading economic historians, the book explains what made the catastrophe possible, why it spread across the globe, and how it was ended. Most importantly, the authors manage to explain the scholarly literature in a language that can be understood by everyone interested in the period.

This book explains the unchecked power of the Federal Reserve.

Perfect for those who don't have the time to read the 608-page The Creature From Jekyll Island. In this book, Paul explains in very simple terms that the Federal Reserve has been given absolute power over the most essential element of our economy – the price and supply of money.

Formed by a small group of powerful bankers who argued a central bank would stabilize the currency, over the past century since its creation, the Fed has not only destabilized the currency but also created a series of wealth-destroying asset bubbles.

It has also led to a trenchant and destructive wealth gap between the rich and the poor. 

This may seem an unusual choice – and its title is entirely misleading – but what Sanders describes is what the U.S. might look like if it translated Biblical values into policy and law.

Sanders’s real subject is justice – social, economic, racial, and environmental. He describes a compassionate society in which all have access to life, liberty, and the pursuit of happiness, and in which no one is condemned to suffer because of the accidents of birth.

Significantly, Sanders backs up all his suggestions with explanations of how they could be translated into reality. Read this even if you didn’t vote for him!