Fans pick 100 books like The Great Economists

By Phil Thornton,

Here are 100 books that The Great Economists fans have personally recommended if you like The Great Economists. Shepherd is a community of 12,000+ authors and super readers sharing their favorite books with the world.

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Book cover of The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers

Panayotis G. Michaelides Author Of History of Economic Ideas: From Adam Smith to Paul Krugman

From my list on the evolution of economics.

Why am I passionate about this?

I am a Full Professor and Lab Director in Economics. My interest in this field began when I traveled abroad and observed the differences in prices, goods, and quality of life. In order to gain a deeper understanding, I decided to switch from my previous academic background in Engineering, Mathematics & Physics to Economics, Finance & Data Science. Today, I am dedicated to expanding my knowledge and sharing my insights through teaching, academic publications, and LinkedIn posts. According to the latest rankings, I am humbled to be among the top 3% most productive economists worldwide (IDEAS-RePec, 2023), as well as being ranked among the top 4% researchers in Financial Economics, and the top 5% in Econometrics (Researchgate, 2023).

Panayotis' book list on the evolution of economics

Panayotis G. Michaelides Why did Panayotis love this book?

Are you looking for a good introduction to Economics?

Then, as I did, start with a brilliant survey of the main thinkers, who have shaped our understanding of the economic system. These economists’ thoughts ranged from addressing how to improve the quality of life for all, to understanding the source of value and the functioning of the economy.

Although they were not always accurate, their influence on contemporary Economics is tremendous, and Heilbroner's writing style will captivate you. I recommend this book to all of my students and colleagues.

In fact, after reading this book during my University studies, I became inspired to study Economics in depth and engage in scholarly research. Even switched from Engineering, Mathematics, and Physics to Economics, Finance, and Data Science.

Book cover of History of Economic Analysis

Panayotis G. Michaelides Author Of History of Economic Ideas: From Adam Smith to Paul Krugman

From my list on the evolution of economics.

Why am I passionate about this?

I am a Full Professor and Lab Director in Economics. My interest in this field began when I traveled abroad and observed the differences in prices, goods, and quality of life. In order to gain a deeper understanding, I decided to switch from my previous academic background in Engineering, Mathematics & Physics to Economics, Finance & Data Science. Today, I am dedicated to expanding my knowledge and sharing my insights through teaching, academic publications, and LinkedIn posts. According to the latest rankings, I am humbled to be among the top 3% most productive economists worldwide (IDEAS-RePec, 2023), as well as being ranked among the top 4% researchers in Financial Economics, and the top 5% in Econometrics (Researchgate, 2023).

Panayotis' book list on the evolution of economics

Panayotis G. Michaelides Why did Panayotis love this book?

Since my PhD was based on Schumpeter's work, I can confidently state that it is well worth exploring the fascinating world of Economics through one of history's greatest economists.

This masterpiece takes the reader on a journey through every corner of the subject, paying particular attention to even the smallest details. A unique and thought-provoking view of Economics is offered by Schumpeter in his over 1000 pages of brilliant insights.

This book distinguishes itself from others through its deep and unconventional interpretation of Economics. It is a must-read for anyone seeking a thorough understanding of Economics as Schumpeter provides fresh insights on various topics.

However, it would be much better if it covered more recent developments. Enjoy this tour of Economics with Schumpeter and you will never get bored!

By Joseph A Schumpeter, Elizabeth Boody Schumpeter (editor),

Why should I read it?

2 authors picked History of Economic Analysis as one of their favorite books, and they share why you should read it.

What is this book about?

At the time of his death in 1950, Joseph Schumpeter--one of the great economists of the first half of the 20th century--was working on his monumental History of Economic Analysis. A complete history of efforts to understand the subject of economics from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. Although never fully completed, it has gained recognition as a modern classic due to its broad scope and original examination of significant historical events. Complete with a new introduction by Mark Perlman, who outlines the structure of…


Book cover of The Ordinary Business of Life: A History of Economics from the Ancient World to the Twenty-First Century

Panayotis G. Michaelides Author Of History of Economic Ideas: From Adam Smith to Paul Krugman

From my list on the evolution of economics.

Why am I passionate about this?

I am a Full Professor and Lab Director in Economics. My interest in this field began when I traveled abroad and observed the differences in prices, goods, and quality of life. In order to gain a deeper understanding, I decided to switch from my previous academic background in Engineering, Mathematics & Physics to Economics, Finance & Data Science. Today, I am dedicated to expanding my knowledge and sharing my insights through teaching, academic publications, and LinkedIn posts. According to the latest rankings, I am humbled to be among the top 3% most productive economists worldwide (IDEAS-RePec, 2023), as well as being ranked among the top 4% researchers in Financial Economics, and the top 5% in Econometrics (Researchgate, 2023).

Panayotis' book list on the evolution of economics

Panayotis G. Michaelides Why did Panayotis love this book?

I became well acquainted with Economics after my undergraduate studies, and found this book to be an excellent resource.

It begins with the ancient Greeks and culminates in the modern era. It elaborates upon crucial issues such as money, markets, prices, and production. What sets it apart from others is its focus on the evolution of economic ideas, rather than the economists themselves.

Backhouse's writing style is clear and accessible, and makes even complex concepts understandable. One thing I appreciate is that Backhouse demonstrates that no economic theory emerges "out of nowhere" as is often implied, rather it builds on its predecessors.

This book offers insights that have stayed with me long after reading, and I still refer to it for its depth of knowledge.

By Roger E. Backhouse,

Why should I read it?

1 author picked The Ordinary Business of Life as one of their favorite books, and they share why you should read it.

What is this book about?

A very clear, reliable and readable history of economic thought from the ancient world to the present day. From Homer to Marx to John Stuart Mill, Backhouse shows how to keep your Keynsians from your post-Keynsians and New Keynsians. A core book.


Book cover of An Outline of the History of Economic Thought

Panayotis G. Michaelides Author Of History of Economic Ideas: From Adam Smith to Paul Krugman

From my list on the evolution of economics.

Why am I passionate about this?

I am a Full Professor and Lab Director in Economics. My interest in this field began when I traveled abroad and observed the differences in prices, goods, and quality of life. In order to gain a deeper understanding, I decided to switch from my previous academic background in Engineering, Mathematics & Physics to Economics, Finance & Data Science. Today, I am dedicated to expanding my knowledge and sharing my insights through teaching, academic publications, and LinkedIn posts. According to the latest rankings, I am humbled to be among the top 3% most productive economists worldwide (IDEAS-RePec, 2023), as well as being ranked among the top 4% researchers in Financial Economics, and the top 5% in Econometrics (Researchgate, 2023).

Panayotis' book list on the evolution of economics

Panayotis G. Michaelides Why did Panayotis love this book?

I enjoyed reading this book as it provided a deep, and engaging overview of economic theory.

The authors manage to strike a balance between providing a high-level theoretical discussion and making the content accessible to a wider audience. One thing that stood out to me was the authors' emphasis on the diversity of the various schools of economic thought.

In their work, they avoid the common pitfall of suggesting that the history of Economics has “ended”, and instead observe the evolution of economic theory over time. Also, I appreciate the fact that they do not believe that theories in fashion today necessarily provide an adequate explanation for the functioning of the economy.

Overall, I recommend this book to anyone interested in gaining insight into Economics’ controversial development.

By Ernesto Screpanti, Stefano Zamagni,

Why should I read it?

1 author picked An Outline of the History of Economic Thought as one of their favorite books, and they share why you should read it.

What is this book about?

This book provides a comprehensive and analytical overview of the development of economic theory from its beginnings, at the end of the Middle Ages, up to contemporary contributions. Traditional theories are presented as living matter, and modern theories are presented as part of a historical process and not as established truths. In this way, the book avoids the dangerous dichotomy between pure historians of thought who dedicate themselves exclusively to studying
facts, and pure theorists who are interested in the evolution of the logical structure of theories.

The second edition contains several changes and additions. The authors give due consideration…


Book cover of Clash of Extremes

Dennis L. Peterson Author Of Christ in Camp and Combat: Religious Work in the Confederate Armies

From my list on little-known aspects of the Confederate era.

Why am I passionate about this?

I am an author, editor, and former history teacher and curriculum writer with a special interest in Southern history, particularly the Confederate era. I have written and published two books on lesser-known aspects of the Confederacy, the civilian government (Confederate Cabinet Departments and Secretaries), and religious work in the Confederate armies (Christ in Camp and Combat: Religious Work in the Confederate Armies). I taught on various levels, from junior high through college, and have B.S. and M.S. degrees with post-graduate work in Southern history and religion.

Dennis' book list on little-known aspects of the Confederate era

Dennis L. Peterson Why did Dennis love this book?

Egnal shows that the causes of the war were indeed complex and multifaceted rather than resting on a single simplistic issue. His is a thorough treatment of the many economic factors involved in the war that resulted.

By Marc Egnal,

Why should I read it?

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

What is this book about?

"Clash of Extremes" takes on the reigning orthodoxy that the American Civil War was waged over high moral principles. Marc Egnal contends that economics, more than any other factor, moved the country to war in 1861. Drawing on a wealth of primary and secondary sources, Egnal shows that between 1820 and 1850, patterns of trade and production drew the North and South together and allowed sectional leaders to broker a series of compromises. After midcentury, however, all that changed as the rise of the Great Lakes economy reoriented Northern trade along east-west lines. Meanwhile, in the South, soil exhaustion, concerns…


Book cover of Introduction to Economics: Social Issues and Economic Thinking

Paul Grimes Author Of Economics of Social Issues

From my list on how economics shapes our world and your life.

Why am I passionate about this?

My passion for economics began during my first semester of college when I enrolled in a principles of macroeconomics course only because the professor was my father’s friend. The power of economic reasoning to explain the world around me has held my fascination every since. After graduate school, my interests turned to encourage others to use the economic way of thinking to better their lives. My life as an economic educator spans more than 40 years, having taught thousands of college students across several universities, from first-semester freshmen to matriculating doctoral candidates. My work has taken me around the world and back to my undergraduate alma mater in Pittsburg, Kansas.

Paul's book list on how economics shapes our world and your life

Paul Grimes Why did Paul love this book?

This book provides a thorough treatment of all the basic economic tools that everyone needs to survive and thrive in today’s world. 

Stock is a natural teacher who uses her gift for taking the complex and making it simple. The topics are wide-ranging and the analysis is clear and convincing. Even those who think they are not interested in economics will find something to take with them after pursuing this well-written volume.

By Wendy A. Stock,

Why should I read it?

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

What is this book about?

This book presents a realistic picture of current economic thought through an understanding of theory and the application of issues. It discusses concepts in economics and how they relate to real issues in life. It delves into economics by looking at Crime, Labor Markets, Drug Use, Population etc, using the "tools" of economics.


Book cover of The Economic Point of View: An Essay in the History of Economic Thought

Caleb S. Fuller Author Of No Free Lunch: Six Economic Lies You've Been Taught And Probably Believe

From my list on the economic point of view.

Why am I passionate about this?

I’m an associate professor of economics at Grove City College, where I love introducing students to the economic point of view. My first book, listed below, pursues the relentless logic of tradeoffs. My second book (co-authored with Art Carden), Mere Economics: Lessons for and from the Ordinary Business of Life, is due out in early 2025. It examines how human beings expand their options through cooperation. For me, internalizing the economic point of view is a lifelong project. I think it will become yours, too, if you try these books! 

Caleb's book list on the economic point of view

Caleb S. Fuller Why did Caleb love this book?

Ask ten different people to define economics, and you’ll get ten different answers. Does it have something to do with money, finance, the “economy”? Is it about wealth creation? Worse, does it assume people are self-centered greed monsters who care only about maximizing their own happiness, which is assumed to be achievable solely through material acquisition? Worse still, does economics justify or condone such behavior?

Kirzner’s book, which was his dissertation written under the guidance of Ludwig von Mises, shows us the way out of this mess. Read this book to learn why economics is the best tool we have for making sense of the social world. Plus, no unrealistic assumptions about humans are needed! 

By Israel M. Kirzner,

Why should I read it?

1 author picked The Economic Point of View as one of their favorite books, and they share why you should read it.

What is this book about?

The inaugural volume in Liberty Fund's new Collected Works of Israel M Kirzner series, "The Economic Point of View" contains Kirzner's 1960 doctoral dissertation under Ludwig von Mises, a work that established Kirzner as a careful and meticulous scholar of economics.


Book cover of The Invisible Heart: An Economic Romance

Why am I passionate about this?

I am an economics professor who believes my profession has important things to contribute to society but has done a poor job. My colleagues spend much of their time writing esoteric articles that 6 other academics will read, and one in a million will actually improve the lives of people. I consider myself a “blue-collar academic”; I am basically a farm kid (still live on a small farm) with a bunch of degrees attempting to bring good economic insights to more people so those ideas can be applied and used by real people living real lives so I am always on the search for others who are doing just that. 

Brian's book list on Economics books that will not bore you like the students in Ferris Bueller’s Day Off

Brian Baugus Why did Brian love this book?

I do not read romance novels; they're not my thing, except this one. I found this book to be charming and an easy read. It delivers good ideas in a format that is so missing these days: earnest conversation between people who respect each other despite differences, a respect that grows into a romance.

I thought this was a fun read, I found myself rooting for the characters, hoping things worked out and the economics is delivered in easy chunks and not preachy or overbearing and a natural part of the story.

By Russell Roberts,

Why should I read it?

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

What is this book about?

A lively, unorthodox look at economics, business, and public policy told in the form of a novel.

A love story that embraces the business and economic issues of the day?

The Invisible Heart takes a provocative look at business, economics, and regulation through the eyes of Sam Gordon and Laura Silver, teachers at the exclusive Edwards School in Washington, D.C. Sam lives and breathes capitalism. He thinks that most government regulation is unnecessary or even harmful. He believes that success in business is a virtue. He believes that our humanity flourishes under economic freedom. Laura prefers Wordsworth to the Wall…


Book cover of Discover Your Inner Economist: Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Dentist

Why am I passionate about this?

I am an economics professor who believes my profession has important things to contribute to society but has done a poor job. My colleagues spend much of their time writing esoteric articles that 6 other academics will read, and one in a million will actually improve the lives of people. I consider myself a “blue-collar academic”; I am basically a farm kid (still live on a small farm) with a bunch of degrees attempting to bring good economic insights to more people so those ideas can be applied and used by real people living real lives so I am always on the search for others who are doing just that. 

Brian's book list on Economics books that will not bore you like the students in Ferris Bueller’s Day Off

Brian Baugus Why did Brian love this book?

So many people miss the fact that economics is a social science; it is about us as people, and I love this book because it does not forget that, indeed, it reminds me that everyone is an amateur practicing economist.

I like this book because it applies economics to every day and not-so-everyday situations and explains how people can use economic ideas to practically make their lives better. It is one of the few books I have read that has changed a common activity I do: what I order at a restaurant.

By Tyler Cowen,

Why should I read it?

1 author picked Discover Your Inner Economist as one of their favorite books, and they share why you should read it.

What is this book about?

Read Tyler Cowen's posts on the Penguin Blog.

In Discover Your Inner Economist one of America’s most respected economists presents a quirky, incisive romp through everyday life that reveals how you can turn economic reasoning to your advantage—often when you least expect it to be relevant.

Like no other economist, Tyler Cowen shows how economic notions--such as incentives, signals, and markets--apply far more widely than merely to the decisions of social planners, governments, and big business. What does economic theory say about ordering from a menu? Or attracting the right mate? Or controlling people who talk too much in meetings?…


Book cover of Parks and Recreation and Economics

Ana Espinola-Arredondo Author Of Intermediate Microeconomic Theory: Tools and Step-by-Step Examples

From my list on getting into microeconomics.

Why am I passionate about this?

When understanding the interactions in our economy, it is critical to recognize all participants in this complex system. I’m passionate about microeconomics because it provides me with a different perspective to examine the world around me. I use my microeconomic glasses and I enjoy rationalizing the daily interactions and predicting the potential outcomes.

Ana's book list on getting into microeconomics

Ana Espinola-Arredondo Why did Ana love this book?

This is a funny exploration of the popular TV series, showing how each episode is packed with microeconomics topics, including comparative advantage, demand and supply, costs, market imperfections, and government interventions.

It even includes several references to macroeconomics, including growth, labor markets, and inequality.

Readers can also consider other titles in this series, based on their taste of popular culture, including Superheroes and Economics, Seinfeld and Economics, and The Beatles and Economics, among others.

By Jadrian Wooten,

Why should I read it?

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

What is this book about?

This book provides an in-depth look at the primary foundations of economics explored through the lens of the Pawnee Department of Parks and Recreation. Each episode of the hit television series, Parks and Recreation, includes material to help an eager learner understand the basics of one of the most fascinating fields of study.

Whether you've wondered how economists determine specialization or why fast-food restaurants continue to pop up around your neighborhood, the same situations have occurred in Pawnee. Each chapter highlights key scenes or major episodes that demonstrate how the characters experience economics in exactly the same way the rest…


Book cover of The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers
Book cover of History of Economic Analysis
Book cover of The Ordinary Business of Life: A History of Economics from the Ancient World to the Twenty-First Century

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