The most recommended economic policy books

Who picked these books? Meet our 43 experts.

43 authors created a book list connected to economic policy, and here are their favorite economic policy books.
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Book cover of The Anti-Oligarchy Constitution: Reconstructing the Economic Foundations of American Democracy

Richard R. Weiner Author Of Sustainable Community Movement Organizations: Solidarity Economies and Rhizomatic Practices

From my list on understanding regimes of law and political economy.

Why am I passionate about this?

Rich Weiner co-edited this featured volume with Francesca Forno. He is a political sociologist with a strong foundation in the history of political and social thought. He has served for twenty-two years as dean of the faculty of arts and sciences. His focus has been on non-statist political organizations and social movements with a perspective of middle-range theorizing enriched by three generations of Frankfurt School critical theory of society.

Richard's book list on understanding regimes of law and political economy

Richard R. Weiner Why did Richard love this book?

Countering a drifting away from an appreciation of the demos, the book encourages us to build a democratic constitutional political economy that renews traditions of egalitarianism and social rights rather than the recent neoliberalism’s imagined market-based orientation of freedom alone.

I like the way the book revives the American constitutional tradition of discourse emphasizing how constraint of the concentration of wealth is necessary to preserve a democratic republic.

By Joseph Fishkin, William E. Forbath,

Why should I read it?

1 author picked The Anti-Oligarchy Constitution as one of their favorite books, and they share why you should read it.

What is this book about?

A bold call to reclaim an American tradition that argues the Constitution imposes a duty on government to fight oligarchy and ensure broadly shared wealth.

Oligarchy is a threat to the American republic. When too much economic and political power is concentrated in too few hands, we risk losing the "republican form of government" the Constitution requires. Today, courts enforce the Constitution as if it had almost nothing to say about this threat. But as Joseph Fishkin and William Forbath show in this revolutionary retelling of constitutional history, a commitment to prevent oligarchy once stood at the center of a…


Book cover of Revolution in Development: Mexico and the Governance of the Global Economy

Francine McKenzie Author Of GATT and Global Order in the Postwar Era

From my list on why international trade is all about politics.

Why am I passionate about this?

I am a professor of history at Western University in London, Ontario, Canada. I have written about the history of international organizations, international trade, the British Commonwealth, and Canada in the world. Although these topics have taken me in different directions, I have always examined the political currents that run through them. Politics emerge in relation to ideology, policymaking, leadership, norms, values, interests, identity, international relations, and global governance. I have been especially interested in connecting economics and politics. Many scholars write about trade policies, organizations, and negotiations as though they are technical and narrowly economic when they are agents, instruments, and expressions of international politics. 

Francine's book list on why international trade is all about politics

Francine McKenzie Why did Francine love this book?

This book explains why Mexico has been important to the governance of the global economy.

Mexican officials and economists promoted a post-colonial and development conception of the global economy based on equality, inclusion, and redistribution. Thornton writes about the entire architecture of the global economy, of which international trade was an important part.

Her work explains the significance of a politics of resistance that shaped and was suppressed by the global economic order. She notes that scholarship that excludes or minimizes global South countries perpetuates their marginalization.

By Christy Thornton,

Why should I read it?

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

What is this book about?

One of The Chronicle of Higher Education's Best Scholarly Books of 2021

Revolution in Development uncovers the surprising influence of postrevolutionary Mexico on the twentieth century's most important international economic institutions. Drawing on extensive archival research in Mexico, the United States, and Great Britain, Christy Thornton meticulously traces how Mexican officials repeatedly rallied Third World leaders to campaign for representation in global organizations and redistribution through multilateral institutions. By decentering the United States and Europe in the history of global economic governance, Revolution in Development shows how Mexican economists, diplomats, and politicians fought for more than five decades to reform…


Book cover of Pillars of Prosperity: The Political Economics of Development Clusters

Lodewijk Smets Author Of Retooling Development Aid in the 21st Century: The Importance of Budget Support

From my list on economic growth and international development.

Why am I passionate about this?

As Nobel prize-winning economist Robert Lucas put it, "Once you start thinking about economic growth, it's hard to think about anything else." That's why I am eager to share the best books on economic development with you! I am a Senior Economist at the World Bank, the world's premier development institution. Over the years, I have developed a deep interest in what makes countries prosper, have published extensively on the topic in academic journals, and earned a PhD in Economics along the way. As a development practitioner, I have been supporting sustainable growth across the globe, with working experience in the Caribbean, Africa, and the Pacific. 

Lodewijk's book list on economic growth and international development

Lodewijk Smets Why did Lodewijk love this book?

I found this book to be a brilliant analysis of how nations can achieve peace and development, stressing the importance of political institutions.

With mathematical precision, quite literally, the book nicely illustrates the fundamental drivers of development: inclusive political institutions and a shared belief in the common good. The absence of those elements can explain the existence of very different development clusters in fragile states that are troubled by poverty, violence, and weak state capacity.

I feel the book does an excellent job of disentangling deeper causes from symptoms of underdevelopment.

By Timothy Besley, Torsten Persson,

Why should I read it?

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

What is this book about?

"Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters - places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes.…


Book cover of The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All

Harald Sander Author Of Understanding the New Global Economy: A European Perspective

From my list on how to make globalization work for all people.

Why am I passionate about this?

As a boomer and working-class kid, I experienced living conditions improving rapidly. This sparked my interest in studying international and development economics to explore how we can create a better and more equitable world. As professor of international economics, I have been researching and teaching for many years about what is now known as “globalization”. This taught me two things that inspired me to write my latest book: First, to understand the process and consequences of (de-)globalization, in-depth study is essential to avoid popular misconceptions about the global economy; and, second, globalization needs to be carefully managed to make it work for all people.

Harald's book list on how to make globalization work for all people

Harald Sander Why did Harald love this book?

Financial Times columnist Martin Sandbu laments “the end of belonging”, a decades-long but unwritten social contract in postwar Western-style social market democracies that promised boomers and their parents broadly shared prosperity.

Being a boomer myself, I know all too well what he is talking about. However, he argues that globalization is often used as a scapegoat, and posits that national policies to offset the negative side effects of (global) markets are feasible even in a globalized world.

He proposes a range of policies from wealth taxes to minimum wages, active labor market policies, and macroeconomic stimuli to create a high-pressure economy, but emphasizes that it is crucial to put together a comprehensive package of all suggested policies to make (global) markets work for everyone.

By Martin Sandbu,

Why should I read it?

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

What is this book about?

A radical new approach to economic policy that addresses the symptoms and causes of inequality in Western society today

Fueled by populism and the frustrations of the disenfranchised, the past few years have witnessed the widespread rejection of the economic and political order that Western countries built up after 1945. Political debates have turned into violent clashes between those who want to "take their country back" and those viewed as defending an elitist, broken, and unpatriotic social contract. There seems to be an increasing polarization of values. The Economics of Belonging argues that we should step back and take a…


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 How Will Capitalism End?: Essays on a Failing System

Peter A. Victor Author Of Escape from Overshoot: Economics for a Planet in Peril

From my list on how to transition to a post growth society.

Why am I passionate about this?

I have worked all my adult life trying to understand the implications of the insight that the economy depends on the environment for all its materials, energy, and assimilation of all its wastes. What began as academic curiosity developed into concern about the urgency of a transition to a post-growth economy, especially in rich countries. Justice requires that those most responsible for ecological overshoot reduce their demands on nature furthest and fastest so that those least responsible but suffering the worst consequences can also flourish. I hope you find the books I have chosen will help you take informed action to bring about the transition to a post-growth society.

Peter's book list on how to transition to a post growth society

Peter A. Victor Why did Peter love this book?

It's been said that imagining the end of the world is easier than imagining the end of capitalism. Sadly, I think this is true. The ideology of capitalism, cultivated and promoted by marketing, media, governments, and many international institutions such as the World Bank and the International Monetary Fund, makes it difficult to imagine alternatives to capitalism.

I learned much from Wolfgang Streeck, who reminds us of the multiple stresses and strains that, separately and together, could result in capitalism's demise. I found this both worrying and empowering.

If we don't think outside the capitalist box, we will unconsciously limit the scope of change needed to confront capitalism's abject deficiencies. This will frustrate an intentional transition to a post-growth society.   

By Wolfgang Streeck,

Why should I read it?

1 author picked How Will Capitalism End? as one of their favorite books, and they share why you should read it.

What is this book about?

After years of ill health, capitalism is now in a critical condition. Growth has given way to stagnation; inequality is leading to instability; and confidence in the money economy has all but evaporated.

In How Will Capitalism End?, the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that the world is about to change. The marriage between democracy and capitalism, ill-suited partners brought together in the shadow of World War Two, is coming to an end. The regulatory institutions that once restrained the financial sector's excesses have collapsed and, after the final victory of capitalism at the end…


Book cover of A Brief History of Neoliberalism

Dawn Woolley Author Of Consuming the Body: Capitalism, Social Media and Commodification

From my list on consumer culture and tearing it down.

Why am I passionate about this?

I have been a feminist for as long as I can remember. I recall seeing a billboard featuring Sophie Dahl sprawling on a sofa, completely naked. I recognized that I had no control over the images that dominate the visual landscape I inhabit, and I wanted to change this. These books might seem varied, but they all critique aspects of contemporary culture and offer ways to change things. In my academic writing and artwork, I examine these issues through a queer, feminist, and anti-capitalist lens, and these books offer a glimpse into the struggles that I think are important and the methods for change that I think could work.

Dawn's book list on consumer culture and tearing it down

Dawn Woolley Why did Dawn love this book?

To be honest, I could’ve picked any book by David Harvey–he writes about capitalism and how it affects people and the places we inhabit in a really accessible way. This brief introduction is a great way to get into his writing (a gateway book!). It is also a useful guide to thinking about contemporary issues with hope rather than despair.

Like the book by Ahmed, this one offers ideas for a socially just society, giving the reader solutions and not just problems. I think it is important when critiquing society to come up with tangible ways that we can move away from unequal systems to more equitable ones. This book makes change feel possible.

By David Harvey,

Why should I read it?

3 authors picked A Brief History of Neoliberalism as one of their favorite books, and they share why you should read it.

What is this book about?

Neoliberalism - the doctrine that market exchange is an ethic in itself, capable of acting as a guide for all human action - has become dominant in both thought and practice throughout much of the world since 1970 or so.
Its spread has depended upon a reconstitution of state powers such that privatization, finance, and market processes are emphasized. State interventions in the economy are minimized, while the obligations of the state to provide for the welfare of its citizens are diminished. David Harvey, author of 'The New Imperialism' and 'The Condition of Postmodernity', here tells the political-economic story of…


Book cover of Zero to One: Notes on Startups, or How to Build the Future

Michael D. Watkins Author Of The Six Disciplines of Strategic Thinking: Leading Your Organization Into the Future

From my list on books for aspiring strategic thinkers.

Why am I passionate about this?

I have devoted my career to helping leaders navigate challenging transitions into new roles, build their teams, and transform their organizations. Strategic thinking is a key foundation of my work as an executive coach and advisor at Genesis Advisers and a professor at the IMD Business School. Whether executives are taking new roles or driving large-scale transformations, they must be able to rapidly analyze the context, craft good visions and strategies, and mobilize people to realize them. I try to equip the leaders I work with with the mental frameworks, tools, and skillsets to adapt and succeed in the first 90 days and beyond.

Michael's book list on books for aspiring strategic thinkers

Michael D. Watkins Why did Michael love this book?

I liked that this book highlighted how supposedly tried-and-true approaches to innovation fail to deliver results.

The book’s insights about how to drive radical innovation informed the advice I now give executives about how to approach organizational transformation, starting with an ambitious vision, communicating the “why,” and enlisting great people to go on the journey with them.

It helped me to understand that building organizations to develop disruptive technologies requires leaders to envision things that may sound crazy until they are realized. 

By Peter Thiel, Blake Masters,

Why should I read it?

5 authors picked Zero to One as one of their favorite books, and they share why you should read it.

What is this book about?

What Valuable Company Is Nobody Building? The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won't make a search engine. If you are copying these guys, you aren't learning from them. It's easier to copy a model than to make something new: doing what we already know how to do takes the world from 1 to n, adding more of something familiar. Every new creation goes from 0 to 1. This book is about how to get there. "Peter Thiel has built multiple breakthrough companies, and Zero to One shows how". (Elon…


Book cover of Good Economics for Hard Times

Howard Yaruss Author Of Understandable Economics: Because Understanding Our Economy Is Easier Than You Think and More Important Than You Know

From my list on inspiring people to improve the world.

Why am I passionate about this?

I grew up in Brooklyn in a family that often faced financial difficulties and started working in my early teens in my father’s grocery store. These experiences made me painfully aware of the great disparities in education, security, material well-being, and opportunity in our society.  I saw how these inequalities caused some people to become cynical, resigned, or indifferent—while others became determined to overcome them. I became fascinated by them.  I felt that if I wanted to live in a more just and productive society, I first had to understand how it worked. My recommended books inspired me further and helped me to gain that understanding.

Howard's book list on inspiring people to improve the world

Howard Yaruss Why did Howard love this book?

This is the first of four book recommendations that may not be as inspirational as The Grapes of Wrath, but which make up for that by providing real-world information that can be useful to people trying to improve our world. This book shows how fresh thinking about economics can help solve some of the world’s most intractable problems. Innovative research, careful observation, and plain common sense enable these two Nobel Prize-winning MIT economists to upend a lot of conventional wisdom and develop interesting and compelling policy proposals, which they discuss in a particularly accessible way.

By Abhijit V Banerjee, Esther Duflo,

Why should I read it?

1 author picked Good Economics for Hard Times as one of their favorite books, and they share why you should read it.

What is this book about?

The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day.

Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it.

Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to…


Book cover of It's OK to Be Angry About Capitalism

Mark E. Leib Author Of Image Breaker

From my list on Jewish life and ethics.

Why am I passionate about this?

I started studying Judaism as an adult in 1982, and in the 40 or so years that have passed since then I’ve read voraciously on the subject and have discussed it at length with Orthodox, Conservative, and Reform rabbis from Boston to Tampa. I’ve come to see over that time that Judaism’s objective is to shape conscientious, caring human beings who will bring light and compassion to the earth in spite of all the forces that want to keep trouble and insensitivity there. The books that I’ve listed are among the best in communicating the Jewish vision for the planet. I think you’ll learn much from them.

Mark's book list on Jewish life and ethics

Mark E. Leib Why did Mark love this book?

This may seem an unusual choice – and its title is entirely misleading – but what Sanders describes is what the U.S. might look like if it translated Biblical values into policy and law.

Sanders’s real subject is justice – social, economic, racial, and environmental. He describes a compassionate society in which all have access to life, liberty, and the pursuit of happiness, and in which no one is condemned to suffer because of the accidents of birth.

Significantly, Sanders backs up all his suggestions with explanations of how they could be translated into reality. Read this even if you didn’t vote for him!

By Bernie Sanders,

Why should I read it?

1 author picked It's OK to Be Angry About Capitalism as one of their favorite books, and they share why you should read it.

What is this book about?

THE SUNDAY TIMES AND NEW YORK TIMES BESTSELLER

'Galvanizing and uplifting' The Guardian

'Bernie Sanders has changed US politics forever' Owen Jones

It's OK to be angry about capitalism. It's OK to want something better. Bernie Sanders takes on the 1% and speaks blunt truths about a system that is fuelled by uncontrolled greed, and rigged against ordinary people. Where a handful of oligarchs have never had it so good, with more money than they could spend in a thousand lifetimes, and the vast majority struggle to survive. Where a decent standard of living for all seems like an impossible…


Book cover of The Anti-Oligarchy Constitution: Reconstructing the Economic Foundations of American Democracy
Book cover of Revolution in Development: Mexico and the Governance of the Global Economy
Book cover of Pillars of Prosperity: The Political Economics of Development Clusters

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