The best books about economic planning

19 authors have picked their favorite books about economic planning and why they recommend each book.

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A Call to Arms

By Maury Klein,

Book cover of A Call to Arms: Mobilizing America for World War II

This is a vivid retelling of the US production miracles that enabled America and its Allies to win World War 2. Instead of overwhelming readers with dry numbers, the book comes alive by focusing on the human dimension. Klein credits FDR for understanding that the US had to become the ‘Arsenal of Democracy’ to win the war, while lionizing innovative industrialists and engineers who turned this vision into reality and the federal officials who cleared the way for their operations to succeed. He also highlights the struggles of the millions who endured disruption and discomfort in migrating to undertake war work far from their home regions. This is essential reading to understand the home front in America’s greatest foreign war. 

A Call to Arms

By Maury Klein,

Why should I read it?

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

What is this book about?

The colossal scale of World War II required a mobilization effort greater than anything attempted in all of the world's history. The United States had to fight a war across two oceans and three continents--and to do so, it had to build and equip a military that was all but nonexistent before the war began. Never in the nation's history did it have to create, outfit, transport, and supply huge armies, navies, and air forces on so many distant and disparate fronts.

The Axis powers might have fielded better-trained soldiers, better weapons, and better tanks and aircraft, but they could…


Who am I?

I consider FDR the greatest of all presidents for leading America with distinction in the domestic crisis of the Great Depression and the foreign crisis of World War 2 and creating the modern presidency that survives today in the essential form he established. I have written books on Dwight Eisenhower, Richard Nixon, and Ronald Reagan during fifty years as a US history professor in UK universities. I always intended to write a book about how FDR reinvented the presidency that these Republicans inherited, something I finally did in ‘retirement’. My five chosen books explain the challenging times he faced and the leadership skills he displayed in meeting them.     


I wrote...

FDR: Transforming the Presidency and Renewing America

By Iwan W. Morgan,

Book cover of FDR: Transforming the Presidency and Renewing America

What is my book about?

FDR transformed the presidency into an institution of domestic and international leadership, providing a model against which every successor was measured. My book is unique in focusing on the leadership skills he displayed as domestic reformer in the 1930s and as wartime commander-in-chief. It explains how he enhanced the presidency’s governing capacity, promoted a constitutional revolution, forged a new intimacy between Americans and their president through his genius for political communication, and transformed the Democrats from minority to majority party. It further demonstrates his strategic and organizational leadership during America’s greatest foreign war, his role in holding together the US-UK-Soviet Grand Alliance, and his pioneering development of the national-security presidency. Given this range of accomplishments, FDR merits recognition as America’s greatest president.

The Road to Serfdom

By F.A. Hayek,

Book cover of The Road to Serfdom

The classic exposition of the idea that central governmental economic planning will inevitably be wasteful and tyrannical. Hayek today is caricatured by both right and left, but he is not the minimal state absolutist that both sides often take him to be. Hayek thinks that the way to attack poverty is not redistribution – there isn’t yet enough wealth in existence to give everyone a decent life – but the opportunities created by free markets. Another impetus for my own work was reading this book and discovering that I agreed with him much more than I had expected to. 

The Road to Serfdom

By F.A. Hayek,

Why should I read it?

4 authors picked The Road to Serfdom as one of their favorite books, and they share why you should read it.

What is this book about?

An unimpeachable classic work in political philosophy, intellectual and cultural history, and economics, "The Road to Serfdom" has inspired and infuriated politicians, scholars, and general readers for half a century. Originally published in 1944 - when Eleanor Roosevelt supported the efforts of Stalin, and Albert Einstein subscribed lock, stock, and barrel to the socialist program - "The Road to Serfdom" was seen as heretical for its passionate warning against the dangers of state control over the means of production. For F. A. Hayek, the collectivist idea of empowering government with increasing economic control would lead not to a utopia but…


Who am I?

I’ve always been interested in human freedom, and both intrigued and cautious about the path offered by the libertarians. In my book, I finally worked out for my own benefit what is alive and what is dead in their ideals – and the various flavors in which those ideals are available. They have important insights, but too much of what they are selling is snake oil. Until now there hasn’t been any critical introduction to libertarianism for the general reader. This book aims to supply that.


I wrote...

Burning Down the House: How Libertarian Philosophy Was Corrupted by Delusion and Greed

By Andrew Koppelman,

Book cover of Burning Down the House: How Libertarian Philosophy Was Corrupted by Delusion and Greed

What is my book about?

Today’s libertarians argue that freedom is best promoted by crippling the capacity of the state. It is a dangerous delusion. I show how Hayek’s sensible critique of socialist central planning degenerated into the dangerous fantasies of Rothbard, Nozick, Rand, and Koch. Climate change denial has its roots in bad philosophy. This book aims to be the antidote for anyone who feels drawn to that philosophy.

Book cover of Unveiling the North Korean Economy: Collapse and Transition

For those with some economics background and willing to do their homework, Kim’s book is the state of the art. He has sorted through all the shards of data out there—on prices, output, and trade--and pulled them together into a compelling mosaic. Of particular interest is his discussion of possible transition paths--were the regime to change course--as well as the possibility that the system might come crashing down altogether.

Unveiling the North Korean Economy

By Byung-Yeon Kim,

Why should I read it?

1 author picked Unveiling the North Korean Economy as one of their favorite books, and they share why you should read it.

What is this book about?

North Korea is one of the most closed and secretive societies in the world. Despite a high level of interest from the outside world, we have very little detailed information about how the country functions economically. In this valuable book for both the academic and policy-making circles, Byung-Yeon Kim offers the most comprehensive and systematic analysis of the present day North Korean economy in the context of economic systems and transition economics. It addresses what is really happening in the North Korean economy, why it has previously failed, and how the country can make the transition to a market economy.…


Who are we?

We teamed up about fifteen years ago around a common interest in the political economy of North Korea; Haggard is a political scientist, Noland an economist. Both of us had spent our careers focused on Asia but looking largely at the capitalist successes: Japan and the newly industrializing countries of Korea, Taiwan, and Southeast Asia. But what about the anomalous cases in the region that did not get on the growth train? The “Asian miracle” was hardly ubiquitous…what had gone wrong? North Korea was clearly the biggest puzzle, and we ended up researching and writing on the famine, refugees, and the complexities of international sanctions. 


We wrote...

Witness to Transformation: Refugee Insights Into North Korea

By Stephan Haggard and Marcus Noland,

Book cover of Witness to Transformation: Refugee Insights Into North Korea

What is our book about?

The North Korean famine was a train wreck of unbelievable proportions, resulting not only in starvation and death but a massive refugee outflow and heartbreaking human rights abuses. But refugees were also fonts of information, as a flood of memoirs demonstrated. Our approach was to survey refugees in a more systematic fashion, in effect polling them on everything from their views of the regime and interactions with the security apparatus to household finances and aspirations beyond North Korea. We show that in the aftermath of the famine, households engaged in entrepreneurial activity, moved around the country, and even engaged in trade with China. Although the future of North Korea does not look bright at the moment, much more is going on below the surface than you might think including a thriving market economy. 

Chasing Innovation

By Lilly Irani,

Book cover of Chasing Innovation: Making Entrepreneurial Citizens in Modern India

A key aspect of the “India story,” as described on the macro level by Kaur, is entrepreneurship and the ethos of jugaad (innovating by making do). The idea of India as the new Silicon Valley has captured the global imagination, while the creative use of technology promises to solve longstanding social and economic problems within the country. Lilly Irani’s study questions the dominant framework of “entrepreneurial citizenship” among the new middle classes and the centrality of design practice to India’s current development model. This is another stellar example of interdisciplinary scholarship, based on ethnographic fieldwork at a Delhi design studio and drawing on the author’s background in computer science. 

Chasing Innovation

By Lilly Irani,

Why should I read it?

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

What is this book about?

A vivid look at how India has developed the idea of entrepreneurial citizens as leaders mobilizing society and how people try to live that promise

Can entrepreneurs develop a nation, serve the poor, and pursue creative freedom, all while generating economic value? In Chasing Innovation, Lilly Irani shows the contradictions that arise as designers, engineers, and businesspeople frame development and governance as opportunities to innovate. Irani documents the rise of "entrepreneurial citizenship" in India over the past seventy years, demonstrating how a global ethos of development through design has come to shape state policy, economic investment, and the middle class…


Who am I?

I'm a historian of global capitalism and South Asia, writing about corporations as they are and how they could be. I've looked at India with the eyes of an outsider, drawing on my experiences growing up in 1990s Eastern Europe during a time of political upheaval and shock privatizations as the old communist order crumbled. Having witnessed the rise of a new class of monopolists and oligarchs in its stead, I became interested in the many different ways capitalists exercise power in society over time and around the world, and how we as ordinary citizens relate to them. I'm now interested in thinkers, activists, and entrepreneurs who have tried to experiment with alternatives


I wrote...

Tata: The Global Corporation That Built Indian Capitalism

By Mircea Raianu,

Book cover of Tata: The Global Corporation That Built Indian Capitalism

What is my book about?

Imagine a single corporation that makes everything from the salt on your table to the car you drive to the software on your computer. Now imagine it has been around for over a century and a half, playing a major role in world historical events from the rise and fall of colonialism to the world wars and the emergence of neoliberal globalization. My book is the first full-length academic study of Tata, a large, diversified corporate group in India that fits this description, based on original archival research. Tata spun textiles, forged steel, built dams, pioneered air travel, and channeled expert knowledge in engineering, medicine, and atomic science. It survived challenges from workers fighting for their rights and politicians trying to curb its power.  

Thinking like an Economist

By Elizabeth Popp Berman,

Book cover of Thinking like an Economist: How Efficiency Replaced Equality in U.S. Public Policy

This is a detailed and rigorous history of the relationship between economic thought and state policy in twentieth-century US history. Berman ultimately concludes that economic theory has negatively impacted the democratic party. I disagree and would say that economic theory has given the party new tools with which to govern more judiciously. Either way the institutional story about the increasing influence of economics is fascinating and compelling. 

Thinking like an Economist

By Elizabeth Popp Berman,

Why should I read it?

1 author picked Thinking like an Economist as one of their favorite books, and they share why you should read it.

What is this book about?

The story of how economic reasoning came to dominate Washington between the 1960s and 1980s-and why it continues to constrain progressive ambitions today

For decades, Democratic politicians have frustrated progressives by tinkering around the margins of policy while shying away from truly ambitious change. What happened to bold political vision on the left, and what shrunk the very horizons of possibility? In Thinking like an Economist, Elizabeth Popp Berman tells the story of how a distinctive way of thinking-an "economic style of reasoning"-became dominant in Washington between the 1960s and the 1980s and how it continues to dramatically narrow debates…


Who am I?

I’m fascinated by systems of thought and very interested in understanding how we can improve our ability to create a better society for all. I think the past makes a good laboratory for investigating these kinds of questions. I got interested in early modern economic theory while researching the English East India Company for my dissertation in the sociology department of Columbia University, which was a great place for historical and computational sociology. I now teach economic sociology and theory as a professor at Yale University, another institution with amazing strengths in history, data science, and computational methods.


I wrote...

Trade and Nation: How Companies and Politics Reshaped Economic Thought

By Emily Erikson,

Book cover of Trade and Nation: How Companies and Politics Reshaped Economic Thought

What is my book about?

In the seventeenth century, English economic theorists lost interest in the moral status of exchange and became increasingly concerned with the roots of national prosperity. This shift marked the origins of classical political economy and provided the foundation for the contemporary discipline of economics. The seventeenth-century revolution in economic thought fundamentally reshaped the way economic processes have been interpreted and understood. In Trade and Nation, Emily Erikson brings together historical, comparative, and computational methods to explain the institutional forces that brought about this transformation.

Mission Economy

By Mariana Mazzucato,

Book cover of Mission Economy: A Moonshot Guide to Changing Capitalism

Mazzucato’s timely book offers a hopeful look into the possibilities for companies, governments, and civil society to work together to solve the world’s grand challenges. Inspired by the original moonshot program that mobilized the public and private sectors on a massive scale to take risks and experiment with innovative solutions to a previously unsolved problem, she pushes all of us to think boldly about the possibilities for transformative change. To do so, we’ll need to bust myths that impede progress such as the idea that businesses are the only entities that create value and governments are only there to de-risk and address market failures.

The increasingly popular ideas that governments need to run like businesses and save taxpayer money by outsourcing actually strip public policymakers of the tools they need to spur innovation. With examples of a Green New Deal, accessible health care, and narrowing the digital divide, Mission Economy…

Mission Economy

By Mariana Mazzucato,

Why should I read it?

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

What is this book about?

Longlisted for the 2021 Porchlight Business Book Awards, Big Ideas & New Perspectives

“She offers something both broad and scarce: a compelling new story about how to create a desirable future.”—New York Times

 An award-winning author and leading international economist delivers a hard-hitting and much needed critique of modern capitalism in which she argues that, to solve the massive crises facing us, we must be innovative—we must use collaborative, mission-oriented thinking while also bringing a stakeholder view of public private partnerships which means not only taking risks together but also sharing the rewards. 

Capitalism is in crisis. The rich have…


Who am I?

Sarah Kaplan is Distinguished Professor and Director of the Institute for Gender and the Economy at the University of Toronto’s Rotman School of Management. She is the author of the bestseller Creative Destruction: Why Companies That Are Built to Last Underperform the Market—And How to Successfully Transform Them and The 360º Corporation: From Stakeholder Trade-offs to Transformation, both address the challenges of innovation and organizational change in society. She frequently speaks and appears in the media on topics related to achieving a more inclusive economy and corporate governance reform. Formerly a professor at the Wharton School and a consultant at McKinsey & Company, she earned her PhD at MIT’s Sloan School of Management.


I wrote...

The 360° Corporation: From Stakeholder Trade-Offs to Transformation

By Sarah Kaplan,

Book cover of The 360° Corporation: From Stakeholder Trade-Offs to Transformation

What is my book about?

Companies are increasingly facing intense pressures to address stakeholder demands from every direction: consumers want socially responsible products; employees want meaningful work; investors now screen on environmental, social, and governance criteria; “clicktivists” create social media storms over company missteps. CEOs now realize that their companies must be social as well as commercial actors, but stakeholder pressures often create trade-offs with demands to deliver financial performance to shareholders. How can companies respond while avoiding simple “greenwashing” or “pinkwashing”?

In The 360° Corporation, I argue that the shared-value mindset may actually get in the way of progress and I show—in practical steps—how trade-offs, rather than being confusing or problematic, can actually be the source of organizational resilience and transformation. 

Brand New Nation

By Ravinder Kaur,

Book cover of Brand New Nation: Capitalist Dreams and Nationalist Designs in Twenty-First-Century India

We start at the top with the Indian nation-state itself and how it has been turned into a brand. What lies behind the narrative of “emerging” economies as attractive destinations for foreign investors? Where does it come from and who does it serve? Establishing a persuasive link between identity politics, populist nationalism, and global capital, Ravinder Kaur offers a model of critical interdisciplinary scholarship on the present. From the World Economic Forum in Davos to the corridors of power in Delhi, Kaur’s interviews shed light on how Indian elites think of themselves in the world (and how this differs radically from the postcolonial dream of non-alignment and social democracy). The close reading of the “Incredible India” publicity campaign is especially innovative, bringing together visual analysis and political economy. 

Brand New Nation

By Ravinder Kaur,

Why should I read it?

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

What is this book about?

A Financial Times Best Book of the Year

The first book that examines India's mega-publicity campaigns to theorize the global transformation of the nation-state into an attractive investment destination.

The early twenty-first century was an optimistic moment of global futures-making. The chief narrative was the emergence of the BRICS nations-leading stars in the great spectacle of capitalist growth stories, branded afresh as resource-rich hubs of untapped talent and potential, and newly opened up for foreign investments. The old third-world nations were rapidly embracing the script of unbridled capitalism in the hope of arriving on the world stage. If the tantalizing…


Who am I?

I'm a historian of global capitalism and South Asia, writing about corporations as they are and how they could be. I've looked at India with the eyes of an outsider, drawing on my experiences growing up in 1990s Eastern Europe during a time of political upheaval and shock privatizations as the old communist order crumbled. Having witnessed the rise of a new class of monopolists and oligarchs in its stead, I became interested in the many different ways capitalists exercise power in society over time and around the world, and how we as ordinary citizens relate to them. I'm now interested in thinkers, activists, and entrepreneurs who have tried to experiment with alternatives


I wrote...

Tata: The Global Corporation That Built Indian Capitalism

By Mircea Raianu,

Book cover of Tata: The Global Corporation That Built Indian Capitalism

What is my book about?

Imagine a single corporation that makes everything from the salt on your table to the car you drive to the software on your computer. Now imagine it has been around for over a century and a half, playing a major role in world historical events from the rise and fall of colonialism to the world wars and the emergence of neoliberal globalization. My book is the first full-length academic study of Tata, a large, diversified corporate group in India that fits this description, based on original archival research. Tata spun textiles, forged steel, built dams, pioneered air travel, and channeled expert knowledge in engineering, medicine, and atomic science. It survived challenges from workers fighting for their rights and politicians trying to curb its power.  

The Ultimate Resource 2

By Julian Lincoln Simon,

Book cover of The Ultimate Resource 2

Simon was something of a prophet who felt that he had a contrarian worldview that the world needed to know about. His basic idea is that the human brain is the ultimate resource and that with the right application and opportunity, humans can solve so many of the serious problems that environmentalism and the limits on resources throw at us. I cannot say that I agree with Simon on everything, nor that his optimism is apt in every situation, but his is an exciting and bracing can-do-ism that sees the best in humanity once it is freed to fulfill its potential.

The Ultimate Resource 2

By Julian Lincoln Simon,

Why should I read it?

1 author picked The Ultimate Resource 2 as one of their favorite books, and they share why you should read it.

What is this book about?

Arguing that the ultimate resource is the human imagination coupled to the human spirit, Julian Simon led a vigorous challenge to conventional beliefs about scarcity of energy and natural resources, pollution of the environment, the effects of immigration, and the "perils of overpopulation." The comprehensive data, careful quantitative research, and economic logic contained in the first edition of The Ultimate Resource questioned widely held professional judgments about the threat of overpopulation, and Simon's celebrated bet with Paul Ehrlich about resource prices in the 1980s enhanced the public attention--both pro and con--that greeted this controversial book. Now Princeton University Press presents…


Who am I?

My interest in demography began when I saw rapid demographic change taking place before my eyes in London, and when I noted the different fertility choices of friends and relations and started to put the pieces together and to understand how demography shapes our changing reality. I have published three books on the subject—the first, a version of my PhD thesis, the second and third captured belowand have broadcast and written articles for the press extensively on these topics.


I wrote...

Tomorrow's People: The Future of Humanity in Ten Numbers

By Paul Morland,

Book cover of Tomorrow's People: The Future of Humanity in Ten Numbers

What is my book about?

Demographythe number of births and deaths and movement of people in and out of countries and regionshas shaped world history, it is shaping the present, and it will shape the future. If you want to know what the world will look like, you need to understand how collapsing infant mortality is boosting the numbers of people in much of the globe, while elsewhere, populations are retreating in the face of sustained low fertility rates. The book shows why and where populations are aging rapidly and why it matters. An understanding of the patterns of the population will transform and enrich how you see the world.

Book cover of Oil Wealth and the Poverty of Politics: Algeria Compared

In this book, Lowi examines why Algeria's domestic political economy disintegrated in the mid-1980s and how the regime eventually reclaimed power and hegemony. Miriam Lowi discusses the significance of leadership decisions for political outcomes and extends her theory to explain the diversity in stability among oil-exporting states in response to economic shocks. Comparing Algeria to Iran, Iraq, Indonesia, and Saudi Arabia, she inquires as to why certain regimes fail and endure regime change while others remain stable or are able to regain stability after a time of turmoil.

Oil Wealth and the Poverty of Politics

By Miriam R. Lowi,

Why should I read it?

1 author picked Oil Wealth and the Poverty of Politics as one of their favorite books, and they share why you should read it.

What is this book about?

How can we make sense of Algeria's post-colonial experience - the tragedy of unfulfilled expectations, the descent into violence, the resurgence of the state? Oil Wealth and the Poverty of Politics explains why Algeria's domestic political economy unravelled from the mid-1980s, and how the regime eventually managed to regain power and hegemony. Miriam Lowi argues the importance of leadership decisions for political outcomes, and extends the argument to explain the variation in stability in oil-exporting states following economic shocks. Comparing Algeria with Iran, Iraq, Indonesia and Saudi Arabia, she asks why some states break down and undergo regime change, while…


Who am I?

I hold a doctorate in political science and am an expert on Algeria. I was a senior scholar at Carnegie for ten years before I joined the European Union Institute for Security Studies (EUISS), the EU's official think tank. I was born in Algeria, where I grew up. When I was fourteen, between 22-23 September 1997 the massacre of Bentalha took place while I was living in Algeria, and I became obsessed with that massacre. This obsession led me ten years later to write a Ph.D. on that bloody page of Algerian history, political violence, and jihadism. Eventually, my expertise encompassed all of Algeria's political, social, and economic developments. 


I wrote...

Understanding the Persistence of Competitive Authoritarianism in Algeria

By Dalia Ghanem,

Book cover of Understanding the Persistence of Competitive Authoritarianism in Algeria

What is my book about?

In my book, I dissect the Algerian regime's survival strategies, the pillars of its longevity, and how this country, which is perceived as the North Korea of North Africa, consolidated authoritarianism throughout the years. I identify Algeria's regime as semi-authoritarian, mixing elements of democracy, and authoritarianism. My book is based on evidence from fieldwork research in Algeria. It is a sober and calm analysis, of what the regime is and not how it should be, meaning my analysis is far from the premise of a trend toward democratization. My book is a must-read for anyone wanting to understand how Algeria works and how authoritarianism persists.

The Trickle-Up Economy

By Mark Mattern,

Book cover of The Trickle-Up Economy: How We Take from the Poor and Middle Class and Give to the Rich

Since the days of Ronald Regan, trickle-down economic theory has been a pipe dream of the uneducated and I don’t even have a degree. Mark Mattern does a great job inverting the theory of trickle-down in explaining that indeed wealth piles from the bottom up not drip down from the top. I recommend reading this book before you read mine for the simple fact that instead of inverted trickle-down theory, I describe how water moves like a stream through an ecosystem. If it is not properly pitched from the mountaintop to the valley, with proper displacement of creatures below, and flow rate through the foothills, we are inevitably left dependent on drinking from a wasteland.

The Trickle-Up Economy

By Mark Mattern,

Why should I read it?

1 author picked The Trickle-Up Economy as one of their favorite books, and they share why you should read it.

What is this book about?

One of the most durable myths of US political economy is that we take from the rich and give to the poor - penalising the rich for their hard work and rewarding the undeserving. Mark Mattern turns that story on its head. Documenting the everyday, institutionalised ways that income and wealth are transferred upward in the United States, Mattern shows how in fact the bottom subsidises the top.

His provocative analysis, describing in detail the processes and policy choices that systematically favour the rich, is both a tale of "Robin Hood in reverse" and a call for a more equitable,…


Who am I?

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.


I wrote...

Hourglass Socioeconomics: Vol. 1, Principles & Fundamentals

By Blaine Stewart,

Book cover of Hourglass Socioeconomics: Vol. 1, Principles & Fundamentals

What is my book about?

The Hourglass Socioeconomic series is a true scientific approach to how money governs the world and what can be done within an applicable socioeconomic system to find an equilibrium factoring all variables. The slow build up from Volume 1 meets a head in Volume 3 when theoretical physics is added both mathematically as well as allegorically to define static moments from the history of the world melting into the status quo in today’s timeline. From introduction in Volume 1 to the what, to the how in Volume 2, to the because in Volume 3, and ending with the why in Volume 4, readers can expect their interpretation of the mechanics of society to evolve one word at a time.

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