13 books like The World Economy

I'm not sure when I have learned more about humanity than with the books of Yuval Harari.

I recommend this book as it is the first of the series, and I could read it over and over and still not have captured everything that Yuval Harari explores and teaches us.

A great historian who uses history to explore our future, Yuval Harari is one whose books I read every chance I have.

Angus Deaton presents his own work and summarizes the work of others to describe the beginning of sustained economic growth, what is sometimes called the industrial revolution.

Not only does this sustained economic growth result in much greater health and wealth, but also in inequality.

Before, only a very small number of people enjoyed leisure and what were the luxuries of the time. After, increasing percentages of people escaped the so-called iron law of wages.

This recommendation is more technical than my previous recommendations.

The authors reconstruct many measures of income and income inequality to show that the widening gap indicated by official statistics is an artifact of certain assumptions underlying these statistics.

First, and most importantly, regarding those who are dependent on the social safety net, "income" includes only cash benefits dispensed by the government, not the cash value of non-cash benefits; and, for those who are taxpayers, "income" is defined as before-tax income, not after-tax income.

Second, monetary values are incorrectly corrected by the CPI (the authors propose using the chained-linked CPI).

The book might be considered to present an agenda for further research on the specifics it addresses and similar concerns.

This is a frustrating book.

It is a path-breaking effort to gather national IQ data from as many countries as possible, and to correlate the same with GDP per capita and other measures of national success.

There are several major shortcomings to the original effort including: (1) that averages of "similar" countries were used where local estimates of national IQ weren't available, and (2) national IQs of many countries were drawn from small convenience samples.

These shortcomings might have been justified as the best that could be done given the costliness of collecting scientifically-valid samples, along with a call to address these shortcomings.

Since the publication of the book, numerous additional IQ data have been developed in, for example, the norming of IQ tests for various populations. Also, much near kin achievement data have been developed in the administration of internationally-standardized scholastic examinations.

And, even for tiny countries, we have… show more.

Big data can be beautiful and visualisations make for a wonderful coffee-table book. In Information is Beautiful, David McCandless turns dry-as-dust data into pop art to show the kind of world we live in, linking politics to life expectancy, women’s education to GDP growth, and more. Through colourful graphics, we get vivid and novel perspectives on current obsessions, from maps of cliches to the most fashionable colours. A testament to how the power of big data comes from being able to distill information to reveal hidden patterns and discern trends. 

This is a sequel to the author’s famous The Robber Barons. His detailed primary research into campaigns and negotiations between politicians and their backers illuminates many subjects that later historians have too quickly passed over. Because he knew so much about the economy, Josephson also zeros in again and again on the driving forces that later work often dissolves into bromides about “concentrated wealth” and such. Josephson shows you the people and the institutions actually at work.

I love this book because it shows how we can save our lovely planet.

Each story has climate solutions at its heart. Some are nature-based like planting sea grass. Some are technical, such as bringing water to the desert and carbon capture. Audacious solutions include refreezing the Arctic.

Several focus on our political economy like switching from the GDP to a wellbeing index or citizen assemblies to ensure climate-friendly decision-making. Some are incredibly innovative such as giving the Ocean nation-status.

Genres range from romance to action, family drama to whodunit. There are 24 stories so something for everyone and each story links to a webpage where you can find out how to make them happen. It’s also great value.  

Mimi doesn’t want to spend her summer in Pakistan with grandparents she has never met. Instead, she wishes to fill her journal with her letters to her long-absent father. Things brighten when she meets Sakina, who hopes to improve her English so she can get into school. As summer continues, they become united by their many questions. This wonderful novel provides a bridge into how people from different cultures might understand each other.

What is human development to have real economic and social progress?

Creating Capabilities written by the philosopher Martha Nussbaum is perhaps the book that best explains what human development is according to the Capability Approach, originally conceived by the Nobel Prize–winning economist Amartya Sen.

The explanation distinguishes between internal individual capabilities and environmental opportunities that give the freedom to exercise them. In this way, the author links the psychological aspect with the socio-economic aspect of capabilities.

The main purpose of the book is normative, that is, to recommend what government should do.

But it leaves open the question of why economic growth does not automatically lead to human development.

Waring, a former MP for New Zealand, wrote what I consider the foundational book in feminist political economy. Removing the scales from our eyes in this book, she questions how it is that when an oil tanker spills, that event adds to the GDP of a nation, but when a woman gives birth to a baby, that event adds nothing to the GDP. She was the first to note that the “production boundary” stipulated by the male-created GDP indicator completely invisibilizes—even erases—the enormous contribution of women, simply because it is unpaid and performed for members of the same household. Waring then goes further and asks how this gendered approach to understanding economic success actually destroys our goal of sustainable, functional societies.