The most recommended economics books

Who picked these books? Meet our 338 experts.

338 authors created a book list connected to economics, and here are their favorite economics books.
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Book cover of Economic Analysis, Moral Philosophy, and Public Policy

Eyal Zamir and Barak Medina Author Of Law, Economics, and Morality

From my list on ethics and economics.

Why are we passionate about this?

We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.

Eyal's book list on ethics and economics

Eyal Zamir and Barak Medina Why did Eyal love this book?

The book provides an excellent introduction to the philosophical foundations of economic analysis as a normative theory of human behavior and as a tool for public policy making.

It lucidly explains and criticizes the building blocks of welfare economics – the normative branch of economic analysis.

By Daniel Hausman, Michael McPherson, Debra Satz

Why should I read it?

1 author picked Economic Analysis, Moral Philosophy, and Public Policy as one of their favorite books, and they share why you should read it.

What is this book about?

This book shows through argument and numerous policy-related examples how understanding moral philosophy can improve economic analysis, how moral philosophy can benefit from economists' analytical tools, and how economic analysis and moral philosophy together can inform public policy. Part I explores the idea of rationality and its connections to ethics, arguing that when they defend their formal model of rationality, most economists implicitly espouse contestable moral principles. Part II addresses the nature and measurement of welfare, utilitarianism and cost-benefit analysis. Part III discusses freedom, rights, equality, and justice - moral notions that are relevant to evaluating policies, but which have…


Book cover of The Political Economy of Education Reforms in Vietnam

Tran Van Hoa Author Of Vietnam's Reforms and Economic Growth

From my list on Vietnam’s reforms and economic growth.

Why am I passionate about this?

I am a professional economist and econometrician with over 50 years of teaching and research experience. I've published articles in more than 200 international publications and been on the senior teaching staff of top U.S. and Asian universities. In recent years, I have also been interested in serious scholarly studies on developing economies in Asia and as an economic consultant to several Asian government ministries.

Tran's book list on Vietnam’s reforms and economic growth

Tran Van Hoa Why did Tran love this book?

For readers interested in a sectoral analysis of Vietnam’s reforms and economic growth, the book provides a useful account of one major area of reform in Vietnam, namely education.

Coupled with domestic training and foreign capital inflows, this education sector and its reforms can be said to be a principal contributor to the country’s development and growth. The book also discusses the reform’s rationale and issues and, for policy analysis, describes the consequences for the sector and the economy in recent years.

By Minh Quang Nguyen (editor), James Albright (editor),

Why should I read it?

1 author picked The Political Economy of Education Reforms in Vietnam as one of their favorite books, and they share why you should read it.

What is this book about?

This book, drawing on a political economic perspective of education development, is a comprehensive account of the question "why some education systems flourish while others falter." It provides a state-of-the-art review of the Vietnamese way of education development, figuring out the pitfalls, challenges and opportunities of neoliberal reform. It also sheds new light on the rise of neoliberal capitalism in contemporary Vietnam as the country intensifies its market-oriented economic transition.

Starting from educational development concerns, this book differentiates the growth and development concepts in education. While "growth with limited development" is well reflected in many developing education systems, the Vietnamese…


Book cover of Adam Smith

Andreas Ortmann and Benoit Walraevens Author Of Adam Smith's System: A Re-Interpretation Inspired by Smith's Lectures on Rhetoric, Game Theory, and Conjectural History

From my list on the Adam and smith of modern economics.

Why are we passionate about this?

 AO: I have been intrigued by the Adam and smith (a play on Adam Smith’s name due to K. Boulding) of social sciences ever since, as a graduate student, I was given the privilege to teach a history-of-thought course. I found a lot of wisdom in Smith’s works and continue to find it with every new read. BW: I first met Adam Smith when I was studying for my master’s degree in economics almost twenty years ago. Since then, I have enjoyed rereading him, always finding new sources of fascination and insights. For me, Smith's work is endlessly rich and remains astonishingly topical, three centuries after his birth. 

Andreas and Benoit's book list on the Adam and smith of modern economics

Andreas Ortmann and Benoit Walraevens Why did Andreas and Benoit love this book?

Part of the series meant to cater to “those new to philosophy” while also being “essential reading for those interested in the subject at any level.” It’s a little bit like squaring the circle. But Fleischacker (also the author of an excellent book on Smith’s Wealth of Nations almost twenty years back) manages to do so.

There are two ingredients that make Fleischacker’s latest book such a must-read. First, his ability to synthesize complicated issues (such as what distinguishes Smith’s and Hume’s theories of self-command) in language accessible to motivated laypeople. Second, his outstanding scholarship.

Fleischacker really knows his stuff, as reflected in the richness of the footnotes to each of the chapters. Many of them are little gems and literature reviews of consistently high quality.

By Samuel Fleischacker,

Why should I read it?

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

What is this book about?

Adam Smith (1723-1790) is widely regarded as one of the great thinkers of the Enlightenment period. Best-known for his founding work of economics, The Wealth of Nations, Smith engaged equally with the nature of morality in his Theory of Moral Sentiments. He also gave lectures on literature and jurisprudence, and wrote papers on art and science.

In this outstanding philosophical introduction Samuel Fleischacker argues that Smith is a superb example of the broadly curious thinkers who flourished in the Enlightenment-for whom morality, politics, law, and economics were just a few of the many fascinating subjects that could be illuminated by…


Book cover of Subprime Attention Crisis: Advertising and the Time Bomb at the Heart of the Internet

Paul Armstrong Author Of Disruptive Technologies: A Framework to Understand, Evaluate and Respond to Digital Disruption

From my list on disrupting your competitors sleeping patterns.

Why am I passionate about this?

I have always asked why too many times I am told. From my early days studying psychology to working for Myspace out in LA and now with clients in London, my fondness for understanding what drives change, inertia, and pain has always been a focus. I knew from an early age that understanding people and how they are affected by, use and fear change and technology would be a useful skill to focus on. Doing so has enabled me to work with big brands, and smart cookies and interview some of the best minds of our generation. I recently brought everything under one roof, TBD Group, to help people see around corners.  

Paul's book list on disrupting your competitors sleeping patterns

Paul Armstrong Why did Paul love this book?

Not only is this book small and well-designed, but the cover jumps out at you and you instantly know what the topic is about. All about how big tech is obsessed with, and how they monetize around, attention, the book doesn’t pull any punches with the issues surrounding the advertising world and enables you to see areas that can be used, exploited, and focused on to help your business, thinking and how you beat competitors. Tim (the author) previously worked at Google and worked on AI public policy; I highly recommend you follow his work. 

By Tim Hwang,

Why should I read it?

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

What is this book about?

In Subprime Attention Crisis, Tim Hwang investigates the way big tech financialises attention. In the process, he shows us how digital advertising - the beating heart of the internet - is at risk of collapsing, and that its potential demise bears an uncanny resemblance to the housing crisis of 2008. From the unreliability of advertising numbers and the unregulated automation of advertising bidding wars, to the simple fact that online ads mostly fail to work, Hwang demonstrates that while consumers' attention has never been more prized, the true value of that attention itself - much like subprime mortgages - is…


Book cover of The Mansion on the Hill: Dylan, Young, Geffen, Springsteen, and the Head-On Collision of Rock and Commerce

Jeff Apter Author Of Bad Boy Boogie: The true story of AC / DC legend Bon Scott

From my list on rock and roll.

Why am I passionate about this?

I’m an Australian author, staring down the barrel of middle age. I’ve been writing about music for the past 30 years. I’ve written 25 books; my subjects have included Keith Urban, the Bee Gees, Angus and Malcolm Young, Daniel Johns of Silverchair, among others. During my career, I’ve also had interesting encounters with such legends as Aretha Franklin, Patti Smith, Bob Dylan and Helen Reddy. I live (currently in lockdown, yet again) with my very tolerant wife, my two children, and a house full of animals. (Real animals, that is, not the kids.)

Jeff's book list on rock and roll

Jeff Apter Why did Jeff love this book?

It’s a real insider’s view of what it took to make turn such artists as Bob Dylan, Neil Young, and Bruce Springsteen into money-spinning superstars. Interestingly, some of the back-room kingmakers — Albert Grossman, David Geffen, and the rest of them — prove to be just as interesting and complicated as the music makers they represented.

By Fred Goodman,

Why should I read it?

1 author picked The Mansion on the Hill as one of their favorite books, and they share why you should read it.

What is this book about?

In 1964, on the brink of the British Invasion, the music business in America shunned rock and roll. There was no rock press, no such thing as artist management -- literally no rock-and-roll business. Today the industry will gross over $20 billion. How did this change happen?

From the moment Pete Seeger tried to cut the power at the 1965 Newport Folk Festival debut of Bob Dylan's electric band, rock's cultural influence and business potential have been grasped by a rare assortment of ambitious and farsighted musicians and businessmen. Jon Landau took calls from legendary producer Jerry Wexler in his…


Book cover of Order without Design: How Markets Shape Cities

Aubrey Fox Author Of Gradual: The Case for Incremental Change in a Radical Age

From my list on how government works in practice – and when it doesn’t.

Why am I passionate about this?

My father advised me that to be a good writer, I should first learn a trade and particular subject matter from the inside out. As a working criminal justice practitioner for the last two decades, I’ve been lucky to work with some of the smartest people and best run organizations in the country. I’ve always been a big reader and someone who likes to link the sometimes brutally practical, day-to-day work of running an organization (I lead New York City’s main pretrial services agency) to larger philosophical issues. My life’s goal is to show how big ideas play themselves out in the day-to-day practice of public policy. 

Aubrey's book list on how government works in practice – and when it doesn’t

Aubrey Fox Why did Aubrey love this book?

This is one of the most handsomely illustrated books I’ve ever purchased – and one of the most eye-opening.

Bertaud sums up a lifetime of work in over 40 cities, showing that the preoccupation of many urban planners and architects with aesthetically pleasing design ignores the reality that cities work best when they give residents the ability to make their own decisions about where they want to live and help them access good economic opportunities.

Bertaud also chronicles how well-meaning but paternalistic land use rules (minimum lot sizes, height restrictions, excessive historic preservation regimes) have harmed cities by making them inaccessible to diverse newcomers. 

By Alain Bertaud,

Why should I read it?

2 authors picked Order without Design as one of their favorite books, and they share why you should read it.

What is this book about?

An argument that operational urban planning can be improved by the application of the tools of urban economics to the design of regulations and infrastructure.

Urban planning is a craft learned through practice. Planners make rapid decisions that have an immediate impact on the ground—the width of streets, the minimum size of land parcels, the heights of buildings. The language they use to describe their objectives is qualitative—“sustainable,” “livable,” “resilient”—often with no link to measurable outcomes. Urban economics, on the other hand, is a quantitative science, based on theories, models, and empirical evidence largely developed in academic settings. In this…


Book cover of Essentials of Statistics for Business & Economics

Chet Richards Author Of Certain to Win

From my list on upsetting your orientation.

Why am I passionate about this?

I never had a real career. Closest I came was the Air Force Reserve for 27 years. Along the way, I built fighter-vs-fighter computer models for the Defense Department, served as an advisor to a Saudi Air Force prince, led a team that designed a replacement for the Air Force’s A-10 tankbuster (which was never built, unfortunately), sold C-130 transport aircraft in Saudi Arabia, taught statistics in business school, became a yoga instructor, and did PR work in Atlanta. Starting in 1975, I collaborated a little with a retired Air Force colonel, John Boyd, creator of the infamous “OODA loop.” I was never a published author in the US, although I am in India, Portugal, and Japan. 

Chet's book list on upsetting your orientation

Chet Richards Why did Chet love this book?

Here’s some bad news for non-STEM people: You’re going to have to learn a little about statistics. Otherwise, at some point, you going to get, as Nassim Nicholas Taleb puts it, “fooled by randomness.” An example: Suppose you’ve been a sales manager for a long time but recently you failed to close a string of prospects. How unusual is this? It could be just a run of bad luck, or is it time to make some significant personnel moves? Basic knowledge of statistics can help. If your math is rusty, you might want to take a stat course for non-math majors. Otherwise, here’s a book that I used with my MBA students that features scenarios from businesses.  

By David R. Anderson, Dennis J. Sweeney, Thomas A. Williams , Jeffrey D. Camm , James J. Cochran

Why should I read it?

1 author picked Essentials of Statistics for Business & Economics as one of their favorite books, and they share why you should read it.

What is this book about?

Discover how statistical information impacts decisions in today's business world as Anderson/Sweeney/Williams/Camm/Cochran/Fry/Ohlmann's leading ESSENTIALS OF STATISTICS FOR BUSINESS AND ECONOMICS, 9E connects concepts in each chapter to real-world practice. This edition delivers sound statistical methodology, a proven problem-scenario approach and meaningful applications that reflect the latest developments in business and statistics today. More than 350 new and proven real business examples, a wealth of practical cases and meaningful hands-on exercises highlight statistics in action. You gain practice using leading professional statistical software with exercises and appendices that walk you through using JMP (R) Student Edition 14 and Excel (R) 2016.…


Book cover of Economics and Ageing: Volume IV: Political Economy

Andrzej Klimczuk Author Of Economic Foundations for Creative Ageing Policy, Volume II: Putting Theory into Practice

From my list on public policy on ageing.

Why am I passionate about this?

As a student, one day, I noticed that something was wrong with our world. Older people are separated from younger ones and sometimes almost invisible. I decided to focus on researching whether and how older people organize themselves into groups and influence important areas of social, economic, and political life. The study of the social capital of older adults led me to research on age discrimination, intergenerational relationships, age-friendly communities and cities, social innovation, co-design, citizen science, and public policy on ageing. I am convinced that only multi-sectoral and multi-level cooperation can lead to the implementation of constructive responses to today’s global challenges.

Andrzej's book list on public policy on ageing

Andrzej Klimczuk Why did Andrzej love this book?

Iparraguirre made an extreme effort and contributed with probably the first comprehensive textbook focused on relationships between economics and ageing.

The final volume covers topics essential for the field of public policy on ageing. The analyses start with measurement and policies concerning happiness and quality of life.

Further, the volume undertakes crucial questions regarding inequalities, poverty, intergenerational relationships, housing, behavioral economics, the political economy of ageing, the silver economy, and the consumer society.

By Jose Luis Iparraguirre,

Why should I read it?

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

What is this book about?

This upper level textbook provides a coherent introduction to the economic implications of individual and population ageing. Placing economic considerations into a wider social sciences context, this is ideal reading not only for advanced undergraduate and masters students in health economics and economics of ageing, but policy makers, professionals and practitioners in gerontology, sociology, health-related sciences, and social care.
This volume introduces topics in the economics of happiness, quality of life, and well-being in later life. It also covers questions of inequality and poverty, intergenerational economics, and housing. Other areas described in this book include behavioural economics, political economy, and…


Book cover of Undue Hate: A Behavioral Economic Analysis of Hostile Polarization in US Politics and Beyond

Zachary Elwood Author Of Defusing American Anger: A Guide to Understanding Our Fellow Citizens and Reducing Us-vs-Them Polarization

From my list on healing the political divides in America.

Why am I passionate about this?

For my psychology podcast, I’ve interviewed many political and psychology experts on the subject of political polarization and conflict resolution. That led to me writing my book Defusing American Anger. I believe extreme us-vs-them polarization is humanity’s biggest problem: I see it as an existential threat not just to specific nations, including America, but to humanity as a whole, especially as our weapons and technologies get more powerful. And I think we need more people working on reducing our seemingly natural tendency to always be fighting with each other. 

Zachary's book list on healing the political divides in America

Zachary Elwood Why did Zachary love this book?

A major factor in our extreme polarization is the distorted, overly pessimistic views people on both sides can have of their fellow citizens.

As Stone points out, we can dislike the people on the "other side" much more than we should, even based on our own standards for disliking people. If you're looking for an in-depth, academic examination of our "undue hate," this is the book to read. 

Our distorted perceptions are very important because the animosity and disrespect and insults we aim at the "other side" helps create their animosity, which in turn gives more power to highly polarized and polarizing leaders, and other influencers.

By Daniel F. Stone,

Why should I read it?

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

What is this book about?

How to understand the mistakes we make about those on the other side of the political spectrum—and how they drive the affective polarization that is tearing us apart.

It’s well known that the political divide in the United States—particularly between Democrats and Republicans—has grown to alarming levels in recent decades. Affective polarization—emotional polarization, or the hostility between the parties—has reached an unprecedented fever pitch. In Undue Hate, Daniel F. Stone tackles the biases undergirding affective polarization head-on. Stone explains why we often develop objectively false, and overly negative, beliefs about the other side—causing us to dislike them more than we…


Book cover of The Managed Heart: Commercialization of Human Feeling

Joanne B. Ciulla Author Of The Working Life: The Promise and Betrayal of Modern Work

From my list on reads when your job is ruining your life.

Why am I passionate about this?

At one point in my life, I took Ph.D. classes in the morning, taught philosophy in the afternoon, and tended bar at night. I was always working, and money was tight. Then, one day at a faculty meeting, my colleagues and I discussed developing an appealing new course. I suggested one on the philosophy of work and ended up teaching it and writing my dissertation on work and moral values. I loved teaching the class to the part-time students. They came to class straight from work and shared their experiences. Those students taught me more about work than any book in the library. Years later, I wrote The Working Life.

Joanne's book list on reads when your job is ruining your life

Joanne B. Ciulla Why did Joanne love this book?

This book explains why, even though you don’t do physical labor, you’re exhausted at the end of the workday. It’s because jobs that involve interacting with the public require emotional labor. You must act your part and put on your work face. Hochschild’s research examines the toll that things like having to smile and being nice to obnoxious, insulting people can take on a person.

By Arlie Russell Hochschild,

Why should I read it?

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

What is this book about?

In private life, we try to induce or suppress love, envy, and anger through deep acting or "emotion work", just as we manage our outer expressions of feeling through surface acting. In trying to bridge a gap between what we feel and what we "ought" to feel, we take guidance from "feeling rules" about what is owing to others in a given situation. Based on our private mutual understandings of feeling rules, we make a "gift exchange" of acts of emotion management. We bow to each other not simply from the waist, but from the heart. But what occurs when…