100 books like The Role of Measurement in Economics

By Richard Stone,

Here are 100 books that The Role of Measurement in Economics fans have personally recommended if you like The Role of Measurement in Economics. 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 Against Method: Outline of an Anarchist Theory of Knowledge

Martín López Corredoira Author Of Against the Tide: A Critical Review by Scientists of How Physics and Astronomy Get Done

From my list on mainstream science as monopoly of truth.

Why am I passionate about this?

As a professional, scientific researcher in astrophysics and philosopher, I have been observing many unfair situations in science: hard-working, talented scientists with bright and challenging ideas who get no attention and bureaucrats or administrators of science (I call them “astropolitics” within my field of research) who have no talent, have neither time nor interest to think about science, and however are visible as the most eminent scientists of our time.

Martín's book list on mainstream science as monopoly of truth

Martín López Corredoira Why did Martín love this book?

A classical book on anarchy within science. I find the proposed pluralist approach as the right way to avoid the monopolies of truth in present-day science. Feyerabend identified science as an ideology, which I might have found exaggerated and difficult to understand when I started to study science, but I understand it much better now, after 30 years of working as a researcher.

Forgetting about the relativism implicit in his proposal, focusing on the sociological aspect, I think there are many good and brave observations there that can enlighten us.

By Paul Feyerabend,

Why should I read it?

3 authors picked Against Method as one of their favorite books, and they share why you should read it.

What is this book about?

Contemporary philosophy of science has paid close attention to the understanding of scientific practice, in contrast to the previous focus on scientific method. Paul Feyerabend's acclaimed work, which sparked controversy and continues to fuel fierce debate, shows the deficiencies of many widespread ideas about the nature of knowledge. He argues that the only feasible explanation of any scientific success is a historical account, and that anarchism must now replace rationalism in the theory of knowledge. This updated edition of this classic text contains a new foreword by Ian Hacking, a leading contemporary philosopher of science, who reflects on Feyerabend's life…


Book cover of Teaching to Transgress: Education as the Practice of Freedom

Alex M. Thomas Author Of Macroeconomics: An Introduction

From my list on becoming a critical economist.

Why am I passionate about this?

I am passionate about the dissemination of economic ideas both inside and outside university spaces. In addition to classroom lectures at my university, I give a lot of public lectures on economics. Through these talks, I introduce the audience to the tradition of doing economics using a critical perspective. I have an MA and MPhil in Economics from the University of Hyderabad and a PhD in Economics from the University of Sydney.

Alex's book list on becoming a critical economist

Alex M. Thomas Why did Alex love this book?

I was introduced to bell hooks only later in my teaching career—after I had taught for 10 years.

And I read hooks immediately after reading Paulo Freire’s The Pedagogy of the Oppressed

This is a book on pedagogy, especially within a classroom with students from diverse social backgrounds. This is the book on critical pedagogy, I would say.

The training of economists will significantly benefit from engaging with the work of hooks.

By bell hooks,

Why should I read it?

3 authors picked Teaching to Transgress as one of their favorite books, and they share why you should read it.

What is this book about?

"After reading Teaching to Transgress I am once again struck by bell hooks's never-ending, unquiet intellectual energy, an energy that makes her radical and loving." -- Paulo Freire

In Teaching to Transgress,bell hooks--writer, teacher, and insurgent black intellectual--writes about a new kind of education, education as the practice of freedom. Teaching students to "transgress" against racial, sexual, and class boundaries in order to achieve the gift of freedom is, for hooks, the teacher's most important goal.

bell hooks speaks to the heart of education today: how can we rethink teaching practices in the age of multiculturalism? What do we do…


Book cover of Classical Political Economy and Rise to Dominance of Supply and Demand Theories

Alex M. Thomas Author Of Macroeconomics: An Introduction

From my list on becoming a critical economist.

Why am I passionate about this?

I am passionate about the dissemination of economic ideas both inside and outside university spaces. In addition to classroom lectures at my university, I give a lot of public lectures on economics. Through these talks, I introduce the audience to the tradition of doing economics using a critical perspective. I have an MA and MPhil in Economics from the University of Hyderabad and a PhD in Economics from the University of Sydney.

Alex's book list on becoming a critical economist

Alex M. Thomas Why did Alex love this book?

I first purchased and read this book as a senior undergraduate student not knowing anything about the author.

Little did I know that this book would later play an important role in not only understanding the limitations of mainstream economics but also in providing me with an alternative approach to make sense of our economic surroundings. 

Bharadwaj’s book is truly a classic and one that I always recommend to my students. 

Her book continues to inspire and educate me.

Book cover of The Science of Wealth: Adam Smith and the Framing of Political Economy

Alex M. Thomas Author Of Macroeconomics: An Introduction

From my list on becoming a critical economist.

Why am I passionate about this?

I am passionate about the dissemination of economic ideas both inside and outside university spaces. In addition to classroom lectures at my university, I give a lot of public lectures on economics. Through these talks, I introduce the audience to the tradition of doing economics using a critical perspective. I have an MA and MPhil in Economics from the University of Hyderabad and a PhD in Economics from the University of Sydney.

Alex's book list on becoming a critical economist

Alex M. Thomas Why did Alex love this book?

I first read Aspromourgos’s book on Adam Smith in 2010 or thereabouts.

I was immediately hooked because of the attention to detail visible in his interpretation of Smith’s economics. And the rigour and depth of his writing. 

The book places Smith’s economics within a rich historical context by paying close attention to his economic vocabulary.

Aspromourgos diligently provides us with a persuasive account of Smith’s economic theory in the tradition of classical political economy and rightly argues that it cannot be viewed as an inferior version of marginalist economics. 

In this book, you will find not just Smith’s economics and its history but also insights from philosophy and politics, both essential, I think, to become a critical economist.

By Tony Aspromourgos,

Why should I read it?

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

What is this book about?

This study clarifies the character of 'political economy' as a distinct and separable intellectual discipline in the generic sense, in the texts of Adam Smith. It focuses upon the scope and fundamental conceptualizations of the new science. Smith's conceptualization of economic analysis is shown to constitute a unified intellectual piece for understanding economic society and its dynamics. Smith's fundamental economic language is exhaustively examined, in all his texts, with a view to clarifying the meaning of the basic concepts of his system. As well, the 'prehistories' of those concepts, in literature prior to Smith, back to the earliest times, are…


Book cover of The Economic Way of Thinking

Susanne Trimbath Author Of Lessons Not Learned: 10 Steps to Stable Financial Markets

From my list on stock market plumbing.

Why am I passionate about this?

My entire career has been spent in finance. From life insurance to central banks, from stock exchanges to post-trade clearing and settlement, this is all I’ve ever done. My college degrees include BSBA in Business/Marketing, MBA in Management, and PhD in Economics. In addition to knowing what a lot of people know about finance, I also worked inside the “black box” of the Federal Reserve System and depository trust and clearing corporations (in 4 cities, on 2 continents). Therefore, I know more about the plumbing of stock market infrastructure than most people who have careers (and education) as long as mine.

Susanne's book list on stock market plumbing

Susanne Trimbath Why did Susanne love this book?

This was required reading in my MBA program at Golden Gate University. In fact, the economics teacher, Joe Fuhrig, inspired me to go on for my PhD in Economics at New York University. The book explains how economics isn’t just about mathematical models: it is about how people think and behave. Once you learn to think like an economist, you will find investing (and even grocery shopping!) a completely different experience.

By Paul Heyne, Peter Boettke, David Prychitko

Why should I read it?

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

What is this book about?

Intended primarily for one semester survey courses in general economics, this text also provides practical content to current and aspiring industry professionals.

Learn how to think like an economist.

The Economic Way of Thinking goes beyond explaining the basic principles of micro- and macroeconomic analysis by showing readers a method of reasoning that teaches them how to apply these principles as tools. The authors expose readers to a method of reasoning that makes them think like an economist through example and application and also shows them how not to think, by exposing errors in popular economic reasoning.

The latest edition…


Book cover of Who Shall Live? Health, Economics And Social Choice

Joseph P. Newhouse Author Of Pricing the Priceless: A Health Care Conundrum

From my list on the economics and history of American health insurance.

Why am I passionate about this?

My mother wanted me to be a physician, but as a child I was very squeamish about human biology and knew that wasn't for me. In college I was exposed to economics and found it, and the policy debates about national health insurance, fascinating. So, maybe with my mother’s wishes in the back of my mind, I became a health economist. I was privileged to direct a large randomized trial called the RAND Health Insurance Experiment, which varied the cost of medical care to families. This project lasted more than a decade and got me so deep into the economics of health and medical care that I became a professor of health policy and management.


Joseph's book list on the economics and history of American health insurance

Joseph P. Newhouse Why did Joseph love this book?

Eminently readable, this is a classic book by the doyen of American health economics that explains in non-technical terms the economics of health and medical care. It has been updated with several essays that Fuchs has published in the almost five decades since the book was first published.  

By Victor R Fuchs,

Why should I read it?

1 author picked Who Shall Live? Health, Economics And Social Choice as one of their favorite books, and they share why you should read it.

What is this book about?

Since the first edition of Who Shall Live? (1974), over 100,000 students, teachers, physicians, and general readers from more than a dozen fields have found this book to be a reader-friendly, authoritative introduction to economic concepts applied to health and medical care.Health care is by far the largest industry in the United States. It is three times larger than education and five times as large as national defense. In 2001, Americans spent over $12,500 per person for hospitals, physicians, drugs and other health care services and goods. Other high-income democracies spend one third less, enjoy three more years of life…


Book cover of Better Living Through Economics

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?

Even a professional economist is likely to find something surprising in this book. 

Editor John Siegfried has collected a dozen essays written by notable and award-winning economists explaining how economic research has improved our lives over the past two generations. Several of these essays do not focus on obvious examples but rather on those that are a step or two removed from what many laypersons would consider the domain of economics.

For example, Alvin Roth’s chapter on “deferred-acceptance theory” describes how economics improved the efficiency of educating doctors by better matching prospective medical residents with training hospitals. 

Other chapters explore how economic research helped eliminate the military draft and replace it with an all-volunteer armed service, how economists shaped the welfare-to-work reforms of the 1990s, and the impact of economic research on the allocation of the radio spectrum which was necessary to establish our modern cell phone networks.

By John J. Siegfried (editor),

Why should I read it?

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

What is this book about?

"Better Living Through Economics" consists of twelve case studies that demonstrate how economic research has improved economic and social conditions over the past half century by influencing public policy decisions. Economists were obviously instrumental in revising the consumer price index and in devising auctions for allocating spectrum rights to cell phone providers in the 1990s. But perhaps more surprisingly, economists built the foundation for eliminating the military draft in favor of an all-volunteer army in 1973, for passing the Earned Income Tax Credit in 1975, for deregulating airlines in 1978, for adopting the welfare-to-work reforms during the Clinton administration, and…


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 Moneyless Society: The Next Economic Evolution

Blaine Stewart Author Of Hourglass Socioeconomics: Vol. 1, Principles & Fundamentals

From my list on reads that are almost economics.

Why am I passionate about this?

I'm addicted to discovering what lies within the unknown. The biggest mystery, I believe, that baffles us today is not necessarily what lies at the edge of the universe but what lives within this one here. I enjoy attempting to solve large problems and if I can’t compute a result at least understand what the problem suggests. In the realm of the unknown, I'm an expert of nothing. In hours of research and reading and writing, one comes to a point in their process of learning with the realization that it does not matter how much one learns, there will always be that much more, logarithmically multiplied exponentially by the rate of acceleration, to learn.

Blaine's book list on reads that are almost economics

Blaine Stewart Why did Blaine love this book?

Moneyless Society, conceptually, is a curious read. Tracking how money affects us all and its presence as a centralized decay against society is another curious concept. I enjoyed reading Moneyless Society for the context of why change needs to be made. Surrounded by the author’s intent in publication is a group of individuals committed to making change. I may quote in my own volumes that money is necessary as a tool but that does not mean you can’t argue otherwise. Moneyless Society is a great feel-good economic story through history into potential change.

By Matthew Holten,

Why should I read it?

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

What is this book about?

IT'S TIME FOR AN ECONOMIC EVOLUTION.The evidence is all around us: Humans are squandering natural resources and destroying the environment. There is no real debate about climate change. And with an ever-widening wealth gap, inequality is destabilizing many regions and worsening famine, disease, and civil unrest.

We must change, fast - and yet we hesitate.

Moneyless Society: The Next Economic Evolution explores how capitalism throttles Earth's capacity to sustain life and undermines our deep longing to live in peace and prosperity. Fortunately, it also provides a blueprint to innovative thinking and new structures to replace our outmoded monetary system. In…


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 Against Method: Outline of an Anarchist Theory of Knowledge
Book cover of Teaching to Transgress: Education as the Practice of Freedom
Book cover of Classical Political Economy and Rise to Dominance of Supply and Demand Theories

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