20 books like The Deficit Myth

By Stephanie Kelton,

Here are 20 books that The Deficit Myth fans have personally recommended if you like The Deficit Myth. Shepherd is a community of 11,000+ authors and super readers sharing their favorite books with the world.

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Book cover of Half-Earth

Dave Goulson Author Of The Garden Jungle

From my list on rewilding and the biodiversity crisis.

Why am I passionate about this?

I have loved insects and other wildlife for all of my life. I am now a professor of Biology at the University of Sussex, UK, specializing in bee ecology. I have published more than 400 scientific articles on the ecology and conservation of bumblebees and other insects, plus seven books, including the Sunday Times bestsellers A Sting in the Tale (2013), The Garden Jungle (2019), and Silent Earth (2021). They’ve been translated into 20 languages and sold over half a million copies. I also founded the Bumblebee Conservation Trust in 2006, a charity that has grown to 12,000 members. 

Dave's book list on rewilding and the biodiversity crisis

Dave Goulson Why did Dave love this book?

EO Wilson died just a few weeks ago, at the age of 92. It was a sad day for me, as he has always been one of my great heroes. “E.O.” was a fantastic scientist, a world authority on ants, and sometimes known as the “father of biodiversity”. In this book, he argues that we have no right to drive millions of species extinct and that our own future depends upon setting aside half the Earth for nature.    

By Edward O. Wilson,

Why should I read it?

3 authors picked Half-Earth as one of their favorite books, and they share why you should read it.

What is this book about?

History is not a prerogative of the human species, Edward O. Wilson declares in Half-Earth. Demonstrating that we blindly ignore the histories of millions of other species, Wilson warns us that a point of no return is imminent. Refusing to believe that our extinction is predetermined, Wilson has written Half-Earth as a cri de coeur, proposing that the only solution to our impending "Sixth Extinction" is to increase the area of natural reserves to half the surface of the earth. Half-Earth is a resounding conclusion to the best-selling trilogy begun by the "splendid" (Financial Times) The Social Conquest of Earth…


Book cover of Less Is More: How Degrowth Will Save the World

Paul Chatterton Author Of How to Save the City: A Guide for Emergency Action

From my list on helping us save the city.

Why am I passionate about this?

I've been fascinated by city life since I studied Geography at high school. After twenty five years of teaching and researching urban geography, I am Professor of Urban Futures at a UK university. I now have a better sense of the challenges we face and what we can do about them. I spend my time supporting activists, campaigners, students, policymakers, and politicians about the urgency for change and what kind of ideas and examples they can use to tackle what I call the triple emergencies of climate breakdown, social inequality, and nature loss.

Paul's book list on helping us save the city

Paul Chatterton Why did Paul love this book?

There is one current zeitgeist at the moment that everyone needs to know about - degrowth.

Jason Hickel’s book is one of the best accounts of how the whole world got tangled up in a ceaselessly growing economy and what we can do to reverse out of it.

This book has really helped me make the case with students, urban policymakers, and politicians that we need a new kind of economy that doesn’t just value growth or getting bigger, but one that respects the health of people and planet, and undoes some of the big injustices that have emerged from the long history of colonialism.

By Jason Hickel,

Why should I read it?

3 authors picked Less Is More as one of their favorite books, and they share why you should read it.

What is this book about?

'A powerfully disruptive book for disrupted times ... If you're looking for transformative ideas, this book is for you.' KATE RAWORTH, economist and author of Doughnut Economics

A Financial Times Book of the Year
______________________________________
Our planet is in trouble. But how can we reverse the current crisis and create a sustainable future? The answer is: DEGROWTH.

Less is More is the wake-up call we need. By shining a light on ecological breakdown and the system that's causing it, Hickel shows how we can bring our economy back into balance with the living world and build a thriving society for…


Book cover of Resilient Cities: Overcoming Fossil Fuel Dependence

Mark Diesendorf Author Of Sustainable Energy Solutions for Climate Change

From my list on for transitioning to a sustainable society.

Why am I passionate about this?

I was originally trained as a physicist, but the shock of discovering that my PhD thesis, on physical conditions in the solar interior, was being used to improve the design of hydrogen bombs, changed the direction of my research. I decided to do science in the public interest, instead of for the military and big business, and broadened into interdisciplinary research. Eventually, I became Professor of Environmental Science and Founding Director of the Institute for Sustainable Futures at University of Technology Sydney, Australia. Nowadays, I’m an honorary Associate Professor at UNSW Sydney, researching the energy transition, ecological economics and sustainable development. 

Mark's book list on for transitioning to a sustainable society

Mark Diesendorf Why did Mark love this book?

What does it mean to be a resilient city in the age of a changing climate and growing inequity? As urban populations grow, how do we create efficient transportation systems, access to healthy green space, and lower-carbon buildings for all citizens? Resilient Cities responds to these questions, revealing how resilient city characteristics have been achieved in communities around the world. A resilient city is one that uses renewable and distributed energy; has an efficient and regenerative metabolism; offers inclusive and healthy places; fosters biophilic and naturally adaptive systems; is invested in disaster preparedness; and is designed around efficient urban fabrics that allow for sustainable mobility. 

By Peter Newman, Timothy Beatley, Heather Boyer

Why should I read it?

1 author picked Resilient Cities as one of their favorite books, and they share why you should read it.

What is this book about?

What does it mean to be a resilient city in the age of a changing climate and growing inequity? As urban populations grow, how do we create efficient transportation systems, access to healthy green space, and lower-carbon buildings for all citizens? Peter Newman, Timothy Beatley, and Heather Boyer respond to these questions in the revised and updated edition of Resilient Cities. Since the first edition was published in 2009, interest in resilience has surged, in part due to increasingly frequent and deadly natural disasters, and in part due to the contribution of our cities to climate change. The number of…


Book cover of Energy Democracy: Germany's Energiewende to Renewables

Mark Diesendorf Author Of Sustainable Energy Solutions for Climate Change

From my list on for transitioning to a sustainable society.

Why am I passionate about this?

I was originally trained as a physicist, but the shock of discovering that my PhD thesis, on physical conditions in the solar interior, was being used to improve the design of hydrogen bombs, changed the direction of my research. I decided to do science in the public interest, instead of for the military and big business, and broadened into interdisciplinary research. Eventually, I became Professor of Environmental Science and Founding Director of the Institute for Sustainable Futures at University of Technology Sydney, Australia. Nowadays, I’m an honorary Associate Professor at UNSW Sydney, researching the energy transition, ecological economics and sustainable development. 

Mark's book list on for transitioning to a sustainable society

Mark Diesendorf Why did Mark love this book?

Energy Democracy is a history of Germany’s continuing energy transition, its Energiewende. It’s an inspiring case study of how German citizens got their government to support a policy that the public wanted: to transition from fossil fuels and nuclear power to renewable energy. Energy Democracy gives me hope while faced with the situation in my own country, Australia, where the national government is working hand in glove with the fossil fuel industry to slow the transition, against the public wishes as expressed in numerous opinion polls. 

By Craig Morris, Arne Jungjohann,

Why should I read it?

1 author picked Energy Democracy as one of their favorite books, and they share why you should read it.

What is this book about?

This book outlines how Germans convinced their politicians to pass laws allowing citizens to make their own energy, even when it hurt utility companies to do so. It traces the origins of the Energiewende movement in Germany from the Power Rebels of Schoenau to German Chancellor Angela Merkel's shutdown of eight nuclear power plants following the 2011 Fukushima nuclear accident. The authors explore how, by taking ownership of energy efficiency at a local level, community groups are key actors in the bottom-up fight against climate change. Individually, citizens might install solar panels on their roofs, but citizen groups can do…


Book cover of The Entrepreneurial State: Debunking Public vs. Private Sector Myths

Vinícius Guilherme Rodrigues Vieira Author Of Shaping Nations and Markets: Identity Capital, Trade, and the Populist Rage

From my list on understanding the transformation of capitalism and globalisation.

Why am I passionate about this?

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.

Vinícius' book list on understanding the transformation of capitalism and globalisation

Vinícius Guilherme Rodrigues Vieira Why did Vinícius love this book?

In a time when industrial policy is no longer taboo, even in the West, I would recommend this book to remember the pivotal role that state policies play in promoting development.

More than being the result of self-made people, crucial innovations like the smartphone result from the research backbone that the state provides.

The book is, therefore, thought-provoking as it debunks myths of state decline during the so-called neoliberal age, although recognises that private firms have acquired excessive power.

By Mariana Mazzucato,

Why should I read it?

8 authors picked The Entrepreneurial State as one of their favorite books, and they share why you should read it.

What is this book about?

In this sharp and controversial expose, Mariana Mazzucato debunks the pervasive myth that the state is a laggard, bureaucratic apparatus at odds with a dynamic private sector. She reveals in detailed case studies, including a riveting chapter on the iPhone, that the opposite is true: the state is, and has been, our boldest and most valuable innovator. Denying this history is leading us down the wrong path. A select few get credit for what is an intensely collective effort, and the US government has started disinvesting from innovation. The repercussions could stunt economic growth and increase inequality. Mazzucato teaches us…


Book cover of Creating Public Value: Strategic Management in Government

Gary Bandy Author Of Financial Management and Accounting in the Public Sector

From my list on how governments collect and spend your taxes.

Why am I passionate about this?

I trained as a chartered public finance accountant because I have a mathematics degree and I wanted to work in public service. After 20 years of that I became a freelance consultant and got into teaching public financial management after volunteering for a project in South Sudan. I have taught here in the UK and in other countries, including Kazakhstan, South Sudan, Uganda, and Sri Lanka. The lack of a good textbook about managing public money that was not aimed at accountants led me to write one in 2010. The third edition of it will be published in 2023. (I am still waiting for my novel to find a publisher.)

Gary's book list on how governments collect and spend your taxes

Gary Bandy Why did Gary love this book?

Creating Public Value was published in the 1990s but it is, I think, still the best text for explaining what governments (should) do. 

The overarching goal of managers of businesses is to create shareholder value. This is more important even than making profits. As many tech firms have shown, it is possible businesses that have not made a profit for ten years or more to have enormous share valuations.

Moore’s theory is that public sector managers do something similar. They have to take the scarce resources available to them and create services that are valued by the public. The aim is for the value enjoyed by the public using a service to exceed the total cost of all the resources used to create it. If it does not, the public manager is destroying value rather than creating it.

By Mark H. Moore,

Why should I read it?

1 author picked Creating Public Value as one of their favorite books, and they share why you should read it.

What is this book about?

A seminal figure in the field of public management, Mark Moore presents his summation of fifteen years of research, observation, and teaching about what public sector executives should do to improve the performance of public enterprises. Useful for both practicing public executives and those who teach them, this book explicates some of the richest of several hundred cases used at Harvard's Kennedy School of Government and illuminates their broader lessons for government managers. Moore addresses four questions that have long bedeviled public administration: What should citizens and their representatives expect and demand from public executives? What sources can public managers…


Book cover of Rebellion, Rascals, and Revenue: Tax Follies and Wisdom through the Ages

Gary Bandy Author Of Financial Management and Accounting in the Public Sector

From my list on how governments collect and spend your taxes.

Why am I passionate about this?

I trained as a chartered public finance accountant because I have a mathematics degree and I wanted to work in public service. After 20 years of that I became a freelance consultant and got into teaching public financial management after volunteering for a project in South Sudan. I have taught here in the UK and in other countries, including Kazakhstan, South Sudan, Uganda, and Sri Lanka. The lack of a good textbook about managing public money that was not aimed at accountants led me to write one in 2010. The third edition of it will be published in 2023. (I am still waiting for my novel to find a publisher.)

Gary's book list on how governments collect and spend your taxes

Gary Bandy Why did Gary love this book?

This is a good-humoured look at the serious business of taxation. For thousands of years governments, whether democracies, monarchies, or empires, have imposed taxes on all kinds of things, including salt, windows, tea, and beards. 

In this book the authors share all kinds of stories about taxes, partly for entertainment and partly to illustrate the challenges inherent in collecting taxes that modern governments have to grapple with.

By Michael Keen, Joel Slemrod,

Why should I read it?

1 author picked Rebellion, Rascals, and Revenue as one of their favorite books, and they share why you should read it.

What is this book about?

An engaging and enlightening account of taxation told through lively, dramatic, and sometimes ludicrous stories drawn from around the world and across the ages

Governments have always struggled to tax in ways that are effective and tolerably fair. Sometimes they fail grotesquely, as when, in 1898, the British ignited a rebellion in Sierra Leone by imposing a tax on huts-and, in repressing it, ended up burning the very huts they intended to tax. Sometimes they succeed astonishingly, as when, in eighteenth-century Britain, a cut in the tax on tea massively increased revenue. In this entertaining book, two leading authorities on…


Book cover of The Three Dimensions of Freedom

Gary Bandy Author Of Financial Management and Accounting in the Public Sector

From my list on how governments collect and spend your taxes.

Why am I passionate about this?

I trained as a chartered public finance accountant because I have a mathematics degree and I wanted to work in public service. After 20 years of that I became a freelance consultant and got into teaching public financial management after volunteering for a project in South Sudan. I have taught here in the UK and in other countries, including Kazakhstan, South Sudan, Uganda, and Sri Lanka. The lack of a good textbook about managing public money that was not aimed at accountants led me to write one in 2010. The third edition of it will be published in 2023. (I am still waiting for my novel to find a publisher.)

Gary's book list on how governments collect and spend your taxes

Gary Bandy Why did Gary love this book?

Billy Bragg has long been my favourite musician. I have all his albums including his 1986 offering, Talking With the Taxman About Poetry.

I included this book because it is about the importance of accountability. This is an important concept for managing public money. The wish for our governments to operate in an honest and fair way requires there being a way to judge their performance. This means that the politicians, civil servants, and everyone else who is involved in government must be willing to be accountable for what they do, and also for what they omit to do. When I teach public financial management I say to my students that if they do not want to be accountable for their actions they should not work in public service.

By Billy Bragg,

Why should I read it?

1 author picked The Three Dimensions of Freedom as one of their favorite books, and they share why you should read it.

What is this book about?

At a time when opinion trumps facts and truth is treated as nothing more than another perspective, free speech has become a battleground. While authoritarians and algorithms threaten democracy, we argue over who has the right to speak.

To protect ourselves from encroaching tyranny, we must look beyond this one-dimensional notion of what it means to be free and, by reconnecting liberty to equality and accountability, restore the individual agency engendered by the three dimensions of freedom.


Book cover of The General Theory of Employment, Interest, and Money

L. Randall Wray Author Of Making Money Work for Us: How MMT Can Save America

From my list on helping you understand how money really works.

Why am I passionate about this?

I’ve been studying money since the early 1980s, when my dissertation advisor—the late and great Hyman Minsky—warned me not to do “Genesis”, origins stories of money. But I couldn't resist. I'm one of the founders of Modern Money Theory (MMT), an approach developed over the past three decades that has garnered tens of thousands of followers and earned the hatred of the elite. And, yet, those who know how money really works—or who embrace public policy pursuing the public interest (Bernie Sanders, Alexandria Ocasio-Cortez), and even central bankers—have admitted that government cannot run out of money. I’ve written hundreds of academic papers, more blogs, many books, and given hundreds of interviews presenting the MMT alternative.

L.'s book list on helping you understand how money really works

L. Randall Wray Why did L. love this book?

This choice is obvious and tough.

The book is notoriously difficult. However, it ranks with Darwin’s Origins of the Species, and Einstein’s General Theory of Relativity as among the most important and revolutionary books ever.

It’s no exaggeration to say that Keynes changed everything in the same way that Darwin and Einstein had. It will change the way you see the world if you make the substantial effort. Keynes argues that it is the organization of our economy around money that causes unemployment—not high wages or lazy workers.

Here’s my one sentence summary: firms only hire the number of workers they need to produce the output they expect to sell at a profit. If they cannot make money from hiring you, you are unemployed.

By John Maynard Keynes,

Why should I read it?

2 authors picked The General Theory of Employment, Interest, and Money as one of their favorite books, and they share why you should read it.

What is this book about?

John Maynard Keynes's 1936 General Theory of Employment, Interest and Money is a perfect example of the global power of critical thinking. A radical reconsideration of some of the founding principles and accepted axioms of classical economics at the time, it provoked a revolution in economic thought and government economic policies across the world. Unsurprisingly, Keynes's closely argued refutation of the then accepted grounds of economics employs all the key critical thinking skills: analysing and evaluating the old theories and their weaknesses; interpreting and clarifying his own fundamental terms and ideas; problem solving; and using creative thinking to go beyond…


Book cover of Payback: Debt and the Shadow Side of Wealth

L. Randall Wray Author Of Making Money Work for Us: How MMT Can Save America

From my list on helping you understand how money really works.

Why am I passionate about this?

I’ve been studying money since the early 1980s, when my dissertation advisor—the late and great Hyman Minsky—warned me not to do “Genesis”, origins stories of money. But I couldn't resist. I'm one of the founders of Modern Money Theory (MMT), an approach developed over the past three decades that has garnered tens of thousands of followers and earned the hatred of the elite. And, yet, those who know how money really works—or who embrace public policy pursuing the public interest (Bernie Sanders, Alexandria Ocasio-Cortez), and even central bankers—have admitted that government cannot run out of money. I’ve written hundreds of academic papers, more blogs, many books, and given hundreds of interviews presenting the MMT alternative.

L.'s book list on helping you understand how money really works

L. Randall Wray Why did L. love this book?

Yes, that Margaret Atwood!

The one whose book, The Handmaids Tale is targeted by book banners. This one is more subversive, covering money from every angle—religious, historical, literary, ecological, and psychological—not limited to the economic perspective. She provides a fascinating dive into money’s nature in five short chapters that transcribe a series of entertaining lectures she gave on Canadian radio.

If you’ve ever wondered why so many words related to money (redemption, debt jubilee, balance) have religious overtones, she explains why. She’ll help you to understand the relationship between Saint Nick, patron saint of thieves and pawnshops, and that other red-suited (and sooted) Old Nick who also keeps track of who’s been naughty. As they say, “time compounds all debts” but “death pays all debts.”  

It is my favorite book on the nether side of money—debt.

By Margaret Atwood,

Why should I read it?

1 author picked Payback as one of their favorite books, and they share why you should read it.

What is this book about?

Payback is an intelligent, wide-ranging book that examines the metaphor of debt and the role it takes in our lives. "Debt" is like air - something we take for granted and never think about until things go wrong. This is not a book about debt management or high finance, but about debt as a very old, central motif in religion and literature and also in the structuring of human societies. She looks at the language of debt in the Old Testament - what was 'owed' to God, and why. She then turns to investigate debt as sin in medieval and…


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