The most recommended economic development books

Who picked these books? Meet our 76 experts.

76 authors created a book list connected to economic development, and here are their favorite economic development books.
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Book cover of The Great Divergence: China, Europe, and the Making of the Modern World Economy

Yasuhiro Makimura Author Of Yokohama and the Silk Trade: How Eastern Japan Became the Primary Economic Region of Japan, 1843-1893

From my list on cities, their trades, and world trade.

Why am I passionate about this?

One of the oldest questions is: why are some countries rich and some countries poor? Adam Smith famously answered that it was the division of labor (specialization) and trade in his book The Wealth of Nations. The more you study trade, however, the more complicated the answer becomes. I have been grappling with this question since the 1990s, as a student, and I still do not have a simple answer like Adam Smith. However, I think I have come up with a framework to understand how the economic history of the world developed and I have been teaching that global history in college as a professor since the 2010s.

Yasuhiro's book list on cities, their trades, and world trade

Yasuhiro Makimura Why did Yasuhiro love this book?

Taking us away from cities, this book will set your eyes on how these cities and their trades fit within a global framework. Kenneth Pomeranz argues that the key was the Americas which allowed Europe to engage in further specialization, and the fortunate location of coal in Britain, the country that started the industrial revolution. This industrial revolution was the key difference that led to the dominance of the West in global affairs.

By Kenneth Pomeranz,

Why should I read it?

2 authors picked The Great Divergence as one of their favorite books, and they share why you should read it.

What is this book about?

The Great Divergence brings new insight to one of the classic questions of history: Why did sustained industrial growth begin in Northwest Europe, despite surprising similarities between advanced areas of Europe and East Asia? As Ken Pomeranz shows, as recently as 1750, parallels between these two parts of the world were very high in life expectancy, consumption, product and factor markets, and the strategies of households. Perhaps most surprisingly, Pomeranz demonstrates that the Chinese and Japanese cores were no worse off ecologically than Western Europe. Core areas throughout the eighteenth-century Old World faced comparable local shortages of land-intensive products, shortages…


Book cover of The Will to Improve: Governmentality, Development, and the Practice of Politics

Tanya Jakimow Author Of Susceptibility in Development: Micropolitics of Local Development in India and Indonesia

From my list on anthropology of development.

Why am I passionate about this?

I am an anthropologist of development who has conducted ethnographic research in India, Indonesia, and more recently, Australia. Throughout my career I have grappled with questions of how power works in development, particularly in and through processes of self-making. I seek new theoretical tools to examine these questions, but always grounded in the realities of the everyday. I came of age when post-development critiques were dominant, but both my idealism and cynicism have been tempered by working alongside local development actors. In my work I try to give readers a sympathetic portrait of their lives, beliefs, and hopes, and how these shape practices, relationships, and consequences of ‘development’. 

Tanya's book list on anthropology of development

Tanya Jakimow Why did Tanya love this book?

The Will to Improve is most celebrated for its explanation of ‘rendering technical’: the ways complex, political factors contributing to poverty are reduced to those amenable to technical intervention.

But I have found Tania Li’s concept of ‘trustee’ the most useful in my work on local development actors: understanding how they come to take on the role of trustee, their desire to ‘improve’ others, and the prickly subjects that resist their efforts.

Li traces the ‘will to improve’ through 200 years of Indonesian history, but it is most powerfully elucidated through her rich ethnographic description from the province of Sulawesi.

Her analysis weaves together Marx, Foucault, and Gramsci, showing how theory can illuminate description. It is a masterclass in storytelling and the power of theory. 

By Tania Murray Li,

Why should I read it?

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

What is this book about?

The Will to Improve is a remarkable account of development in action. Focusing on attempts to improve landscapes and livelihoods in Indonesia, Tania Murray Li carefully exposes the practices that enable experts to diagnose problems and devise interventions, and the agency of people whose conduct is targeted for reform. Deftly integrating theory, ethnography, and history, she illuminates the work of colonial officials and missionaries; specialists in agriculture, hygiene, and credit; and political activists with their own schemes for guiding villagers toward better ways of life. She examines donor-funded initiatives that seek to integrate conservation with development through the participation of…


Book cover of Capitalist Development and Democracy

Joe Foweraker Author Of Polity: Demystifying Democracy in Latin America and Beyond

From my list on democracy in Latin America.

Why am I passionate about this?

I fell in love with Latin America as I meandered around Mexico in the summer of 1969. The passion has never died. Within a year I walked into Brazil’s ‘wild west’ to research the violence along its moving frontier, while over fifty years later I am an emeritus professor of Latin American politics at the University of Oxford and an honorary professor at the University of Exeter. An early decision to look at politics from the ‘bottom up’ led to a life-long inquiry into the theory and practice of democracy, and the publication of many essays and books that are available to view on my Amazon author page.

Joe's book list on democracy in Latin America

Joe Foweraker Why did Joe love this book?

The author list combines a leading sociological theorist, a premier scholar of Latin American political economy, and a sophisticated practitioner of statistical analysis who between them have written one of the great classical works on Latin American economy and democracy. 

The book itself combines a rounded theoretical approach, a comparative framework that extends to Europe and North America, and a thorough grounding in Latin American history. Though published some thirty years ago, it remains a must-read for those trying to get to grips with Latin American democracy.

By Dietrich Rueschemeyer, Evelyne Huber Stephens, John D. Stephens

Why should I read it?

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

What is this book about?

How are capitalism and democracy related? Does capitalist development today generate pressures for democratization in the same way it did earlier in the core countries of capitalism? Past research has come to divergent conclusions on these questions. Cross-national statistical research has found that capitalist development and democracy are consistently correlated. By contrast, comparative historical studies have argued that economic development and democracy was and is compatible with a variety of political forms, and that in some cases economic development imperatives have led to the authoritarian eclipse of political competition, and that the chances of democracy in developing countries are rather…


Book cover of The History of Development: From Western Origins to Global Faith

Kathleen R. Smythe Author Of Africa's Past, Our Future

From my list on why African History matters to us all.

Why am I passionate about this?

When I first traveled to Africa in my early 20s as a volunteer teacher, I naively thought I would have much to teach Africans. It became clear quickly that I had far more to learn than I did to teach. Since then, I have been immersed in African cultures and their histories and believe deeply that their long-standing social, political, and economic formations are necessary for a sustainable global future. I have written three books from my African history training and experience, including the one promoted below. I regularly teach introductory and upper-level African History courses at Xavier University in Cincinnati, Ohio.

Kathleen's book list on why African History matters to us all

Kathleen R. Smythe Why did Kathleen love this book?

I loved Rist’s book because it totally changed the way I thought about the idea of development. It made it more complicated and far more sinister than I had been led to believe. His definition alone is provocative: development destroys social and environmental systems. But there is much more here to get one thinking.

He starts by saying that development is a plastic word with so many different meanings that it can apply to almost anything. He traces its use in the West and then its application as a universal ideal through foreign policy and international institutions (like the United Nations and World Bank). The result is global disparity. Development somewhere requires poverty (or less development) elsewhere on a finite planet.

By Gilbert Rist, Patrick Camiller (translator),

Why should I read it?

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

What is this book about?

In this landmark text, Gilbert Rist provides a comprehensive and compelling overview of what the idea of development has meant throughout history. He traces it from its origins in the Western view of history, through the early stages of the world system, the rise of US hegemony, and the supposed triumph of third-worldism, through to new concerns about the environment and globalization.

Assessing possible postdevelopment models and considering the ecological dimensions of development, Rist contemplates the ways forward. Throughout, he argues persuasively that development has been no more than a collective delusion, which in reality has resulted only in widening…


Book cover of The Mushroom at the End of the World: On the Possibility of Life in Capitalist Ruins

Mo Moulton Author Of The Mutual Admiration Society: How Dorothy L. Sayers and Her Oxford Circle Remade the World for Women

From Mo's 3 favorite reads in 2024.

Why am I passionate about this?

Author

Mo's 3 favorite reads in 2024

Mo Moulton Why did Mo love this book?

Strangely, this was the most hopeful book I read this year. It's unsparing about the devastation wrought by capitalist extraction, in human and ecological terms. But it's neither an elegy nor a call to action. Instead, it's an exploration of how we live and make meaning in the fractured zones that capitalism leaves us. The writing is lucid and minimalist. There are so many ideas that I read it slowly, not because it was dense or dragging, but because its short, vivid chapters are worth savouring.

By Anna Lowenhaupt Tsing,

Why should I read it?

3 authors picked The Mushroom at the End of the World as one of their favorite books, and they share why you should read it.

What is this book about?

What a rare mushroom can teach us about sustaining life on a fragile planet

Matsutake is the most valuable mushroom in the world-and a weed that grows in human-disturbed forests across the Northern Hemisphere. Anna Lowenhaupt Tsing's account of these sought-after fungi offers insights into areas far beyond just mushrooms and addresses a crucial question: What manages to live in the ruins we have made? The Mushroom at the End of the World explores the unexpected corners of matsutake commerce, where we encounter Japanese gourmets, capitalist traders, Hmong jungle fighters, Finnish nature guides, and more. These companions lead us into…


Book cover of The Future Is Asian: Commerce, Conflict, and Culture in the 21st Century

Andreas Schneider Author Of Enlightened Mobility: How we can surpass symbolic climate action & make transport carbon-free

From my list on how to make transport and mobility sustainable.

Why am I passionate about this?

I found my passion for sustainable mobility while working on my PhD thesis about electric cars at a time when no one was interested in electric cars. I am fascinated by the disruptive forces in the transportation space. With my long-term work experience in management consulting, corporate, academics, and startups, I’m trying to make a contribution to making transport carbon-free.  

Andreas' book list on how to make transport and mobility sustainable

Andreas Schneider Why did Andreas love this book?

This book shows how the future of our planet will be decided in Asia. It teaches us that when we aim to tackle climate change with impactful measures, it is not about America or Europe but about Asia.

With its tremendous size and growth in population, Asia will be the dominant continent in the world and therefore be key to solving the climate crisis.  

By Parag Khanna,

Why should I read it?

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

What is this book about?

Five billion people, two-thirds of the world's mega-cities, one-third of the global economy, two-thirds of global economic growth, thirty of the Fortune 100, six of the ten largest banks, eight of the ten largest armies, five nuclear powers, massive technological innovation, the newest crop of top-ranked universities. Asia is also the world's most ethnically, linguistically and culturally diverse region of the planet, eluding any remotely meaningful generalization beyond the geographic label itself. Even for Asians, Asia is dizzying to navigate.

Whether you gauge by demography, geography, economy or any other metric, Asia is already the present - and it is…


Book cover of The First Industrial Revolution

Mark Denny Author Of Their Arrows Will Darken the Sun: The Evolution and Science of Ballistics

From my list on science and technology.

Why am I passionate about this?

Trained as a physicist and employed for twenty years as an engineer, my great interest in the application of science then led me to write. I authored technical papers on the physics underpinning venerable machines such as pendulum clocks and waterwheels; these were read by the chief editor at Johns Hopkins University Press, who invited me to turn them into a popular science book–the first of fourteen. Often, technological advances were made empirically–the development of sailing ships, bridges, or pocket watches–by working people with no formal knowledge of science, yet their designs survive as triumphs of human thought, as well as useful machines.

Mark's book list on science and technology

Mark Denny Why did Mark love this book?

Knowledgeable academic experts often write technical tomes that are as dry as their subjects, But Deane's historical exposition of Britain's Industrial Revolution is fascinating, full of insights, and well-written.

Why Britain first? The answers intrigue and engage. Why did other countries (the United States and Germany) outstrip the British from the mid-nineteenth century?

By P. M. Deane,

Why should I read it?

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

What is this book about?

This book identifies the strategic changes in economic organisation, industrial structure and technological progress associated with the industrial revolution, which took place in Britain over the century 1750-1850 and which marked a watershed in world economic development - the beginnings of modern economic growth for developed countries and an example of spontaneous industrialisation for third world countries. The book assesses both starting point and achievement, analyses the substance of economic transformation and evaluates the role of government policy and institutional change in retarding or accelerating economic development. The second edition updates and expands the first by taking into account (and…


Book cover of Gender, Development and Globalization: Economics as if All People Mattered

Nancy Folbre Author Of The Rise and Decline of Patriarchal Systems

From my list on feminist political economy.

Why am I passionate about this?

I grew up in a family exposed to great contrasts of poverty and wealth, in which women were always the ones expected to ‘make nice.” I’ve long been fascinated by the parallels among unfair inequalities based on gender, sexuality, age, race, ethnicity, citizenship, and class, and the ways in which these inequalities are disguised, justified, or just plain ignored. This fascination has driven my successful and very lucky career as a socialist feminist economist and public intellectual.

Nancy's book list on feminist political economy

Nancy Folbre Why did Nancy love this book?

It’s a great and up-to-date overview of gender inequality on a global scale, covering paid and unpaid work, public policies, and the impact of patriarchal institutions. It also explains why current trajectories of economic development are both inadequate and unsustainable.

By Lourdes Beneria, Günseli Berik, Maria Floro

Why should I read it?

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

What is this book about?

Gender, Development, and Globalization is the leading primer on global feminist economics and development. Lourdes Beneria, a pioneer in the field of feminist economics, is joined in this second edition by Gunseli Berik and Maria Floro to update the text to reflect the major theoretical, empirical, and methodological contributions and global developments in the last decade. Its interdisciplinary investigation remains accessible to a broad audience interested in an analytical treatment of the impact of globalization processes on development and wellbeing in general and on social and gender equality in particular.

The revision will continue to provide a wide-ranging discussion of…


Book cover of Grassroots Innovation: Minds On The Margin Are Not Marginal Minds

Dinesh C. Sharma Author Of The Outsourcer: The Story of India's IT Revolution

From my list on the history of modern India.

Why am I passionate about this?

I am a journalist who has strayed into book writing with a particular interest in the history of post-independent and contemporary India. My interest in this subject developed as an offshoot of reporting on landmark changes during the period of economic liberalization in the 1990s. One of the astounding stories of this period was the rise of the technology industry and the outsourcing business. A deeper study of this took me back to the period of independence in 1947 and decades before it.  

Dinesh's book list on the history of modern India

Dinesh C. Sharma Why did Dinesh love this book?

The discourse on modern India is often about achievements in science and technology, R&D in national laboratories, and industry. However, in a country of one billion plus people, innovation is happening not just in formal sectors. Ordinary people – farmers, teachers, students, artisans, school dropouts, homemakers – are constantly innovating to solve everyday problems using frugal means. The book is an account of spotting grassroots innovations, nurturing them, and building networks with formal systems and markets. It is critical to understand this process for a deeper appreciation of contemporary India. 

By Anil K. Gupta,

Why should I read it?

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

What is this book about?

A moral dilemma gripped Anil K. Gupta when he was invited by the Bangladeshi government to help restructure their agricultural on-farm research sector in 1985. He noticed how the marginalized farmers were being paid poorly for their otherwise unmatched knowledge. The gross injustice of this constant imbalance led Gupta to found what would turn into a resounding social and ethical movement-the Honey Bee Network-bringing together and elevating thousands of grassroots innovators.
For over two decades, Gupta has travelled through rural lands, along with hundreds of volunteers of the Network, unearthing innovations by the ranks-from the famed Mitti Cool refrigerator to…


Book cover of Americana: A 400-Year History of American Capitalism

Derek Lidow Author Of The Entrepreneurs: The Relentless Quest for Value

From my list on most truthful about how entrepreneurship works.

Why am I passionate about this?

I have had the unique experience of having been a successful CEO of a global publicly traded semiconductor company, a founder and CEO of an innovative and valuable startup, and now as a teacher and scholar of entrepreneurship and innovation. I’m a Professor of the Practice at Princeton University where I teach and write about being a successful entrepreneur. My three books on the subject are: Startup Leadership: How Savvy Entrepreneurs Turn Their Ideas Into Successful Enterprises; Building on Bedrock: What Sam Walton, Walt Disney, and Other Great Self-Made Entrepreneurs Can Teach Us About Building Valuable Companies; and THE ENTREPRENEURS: The Relentless Quest for Value

Derek's book list on most truthful about how entrepreneurship works

Derek Lidow Why did Derek love this book?

This is a book of 35 short chapters that each describe a slice of America’s development from a new country into the leader of the capitalist world… which is actually a story about entrepreneurship. Srinvasan’s style is very engaging, and the book is a page-turner. Each chapter describes the development of a market or new way of doing business, like “railroads,” “steel,” “banking,” and “advertising.” Once you’ve finished reading this book, you cannot help but marvel at what entrepreneurs have accomplished.

By Bhu Srinivasan,

Why should I read it?

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

What is this book about?

An absorbing and original narrative history of American capitalism

NAMED A BEST BOOK OF 2017 BY THE ECONOMIST

From the days of the Mayflower and the Virginia Company, America has been a place for people to dream, invent, build, tinker, and bet the farm in pursuit of a better life. Americana takes us on a four-hundred-year journey of this spirit of innovation and ambition through a series of Next Big Things -- the inventions, techniques, and industries that drove American history forward: from the telegraph, the railroad, guns, radio, and banking to flight, suburbia, and sneakers, culminating with the Internet…


Book cover of The Great Divergence: China, Europe, and the Making of the Modern World Economy
Book cover of The Will to Improve: Governmentality, Development, and the Practice of Politics
Book cover of Capitalist Development and Democracy

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