The most recommended books about John Maynard Keynes

Who picked these books? Meet our 18 experts.

18 authors created a book list connected to Keynes, and here are their favorite Keynes books.
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Book cover of The Economic Consequences of the Peace

Alan Bollard Author Of Economists in the Cold War: How a Handful of Economists Fought the Battle of Ideas

From Alan's 3 favorite reads in 2023.

Why am I passionate about this?

Author Historian Spy-reader Writer Professor Biker

Alan's 3 favorite reads in 2023

Alan Bollard Why did Alan love this book?

I don’t know that I exactly ‘loved’ this book, more that I was endlessly impressed and intrigued by it.

Just after World War I, Keynes was part of the British team negotiating reparations at the Versailles Peace Treaty. He was so angry about the way the Allies were insisting on punitive penalties on the defeated Germans that were far more than that country could ever pay, that he resigned in protest, stormed off to his friends in the Bloomsbury Group who owned a house in the country, and in six weeks wrote this bitter yet very readable polemic.

He was rude about all the Great Power leaders, and his forecasts that the Germans would pay almost nothing, and build resentments that would lead to political strife turned out to be tragically accurate. The book sold 100,000 copies in 12 languages in the first 6 months, changed the way the League…

By John Maynard Keynes,

Why should I read it?

1 author picked The Economic Consequences of the Peace as one of their favorite books, and they share why you should read it.

What is this book about?

The Economic Consequences of the Peace by John Maynard Keynes - The power to become habituated to his surroundings is a marked characteristic of mankind. Very few of us realize with conviction the intensely unusual, unstable, complicated, unreliable, temporary nature of the economic organization by which Western Europe has lived for the last half century. We assume some of the most peculiar and temporary of our late advantages as natural, permanent, and to be depended on, and we lay our plans accordingly. On this sandy and false foundation we scheme for social improvement and dress our political platforms, pursue our…


Book cover of How Much Is Enough?: Money and the Good Life

Emrys Westacott Author Of The Wisdom of Frugality: Why Less Is More - More or Less

From my list on simple living and the good life.

Why am I passionate about this?

I am a philosopher who is especially interested in relating philosophy to everyday life. So I like to ask–and try to answer– questions such as: Why is frugality considered a moral virtue? Are there times when rudeness is justified? What makes some kinds of work shameful? I earned my Ph.D. in philosophy from the University of Texas at Austin and am currently a Professor of Philosophy at Alfred University in Alfred, New York.

Emrys' book list on simple living and the good life

Emrys Westacott Why did Emrys love this book?

Philosophies of simple living are often addressed primarily to the individuals who is seeking happiness. This is largely true, for instance, of both Epicureanism and Stoicism. How Much Is Enough? shows how the questions raised by such philosophies also bear on the economic policies and political culture of rich, modernized societies. The basic argument of the book is that it is foolish for these societies to strive for endless economic growth. They are already wealthy enough to provide the basic conditions of the good life for all their citizens, including a radical reduction in the hours that people need to work. But this isn't happening because capitalism continually inflames people's misguided desire for more stuff and higher status. So the machine just keeps on pointlessly creating desires while plutocrats keep creaming off the wealth of society which could otherwise be distributed more equitably and more rationally. The book offers a…

By Robert Skidelsky, Edward Skidelsky,

Why should I read it?

1 author picked How Much Is Enough? as one of their favorite books, and they share why you should read it.

What is this book about?

A provocative and timely call for a moral approach to economics, drawing on philosophers, political theorists, writers, and economists from Aristotle to Marx to Keynes

   What constitutes the good life? What is the true value of money? Why
do we work such long hours merely to acquire greater wealth? These
are some of the questions that many asked themselves when the
financial system crashed in 2008. This book tackles such questions
head-on.  
   The authors begin with the great economist John Maynard Keynes.
In 1930 Keynes predicted that, within a century, per capita income
would steadily rise, people’s basic needs would…


Book cover of Economic Theory in Retrospect

Thijs ten Raa Author Of Microeconomics: Equilibrium and Efficiency

From my list on microeconomics on how markets are interconnected.

Why am I passionate about this?

Microeconomics is a turnoff to most readers. Not without reason. Many books in this field are dull rewrites of other books and opaque.  In particular, it is not clear how the behavior of individual consumers and producers adds to the performance—good or bad—of an economy. The books listed here helped me to sharpen my own mind and to make my writing lucid.

Thijs' book list on microeconomics on how markets are interconnected

Thijs ten Raa Why did Thijs love this book?

Mark Blaug escaped the Netherlands, just in time before the Nazis marched in, went to New York University, and eventually wrote this colossal overview of the entire body of the economics literature. 

He is capable of ordering different formal approaches to the subject matter in plain English, what an achievement.

By Mark Blaug,

Why should I read it?

2 authors picked Economic Theory in Retrospect as one of their favorite books, and they share why you should read it.

What is this book about?

This is a history of economic thought from Adam Smith to John Maynard Keynes - but it is a history with a difference. Firstly, it is a history of economic theory, not of economic doctrines, that is, it is consistently focused on theoretical analysis, undiluted by entertaining historical digressions or biological colouring. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics, namely the works of Smith, Ricardo, Mill, Marx, Marshall, Wickstead, Wicksell, Walras and Keynes, in the effort to encourage students to become acquainted at first hand with the writings of all the great economists.…


Book cover of In Search of the Good Life: The Ethics of Globalization

Scott Waalkes Author Of The Fullness of Time in a Flat World

From my list on the religious ethics of globalization.

Why am I passionate about this?

My plan to write my book clicked after I bought an apple grown in New Zealand, 10,000 miles away from my home in Ohio. How did it make sense that we could buy apples so cheaply from so far away? What was the carbon footprint of that one transaction? Growing up in Michigan in the 1970s and 1980s, I had seen our industrial cities decay as trade globalized. Later I watched with horror as global financial markets crashed in 2008. With these experiences in mind, I wanted to write about both the benefits and the costs of globalization—and about its ethicsfor religious communities like mine. So I did.  

Scott's book list on the religious ethics of globalization

Scott Waalkes Why did Scott love this book?

Professor Peters was my first and foremost guide when it came to framing the ethics of globalization from within my own religious perspective.

She helped all of us later writers by mapping the academic terrain, describing two dominant theories of globalization and two resistance theories. The two dominant theories are neoliberalism (as exemplified by Thomas Friedman) and reformist social development (as exemplified by John Maynard Keynes), while the two resistance theories stem from ecological and postcolonial perspectives.

She evaluates all four theories according to how they contribute (or don’t) to human flourishing. While I don’t always agree with her conclusions, she is asking the right questions and applying them to the most important perspectives on globalization.

By Rebecca Todd Peters,

Why should I read it?

1 author picked In Search of the Good Life as one of their favorite books, and they share why you should read it.

What is this book about?

Rebecca Todd Peters provides a helpful overview of the complicated contemporary debates about globalization. By engaging in a careful reading of the cacophony of views on the subject, she unearths four identifiable positions within these debates, each offering a different moral vision of the world. As she observes, policy debates about the direction in which globalization should move are morally serious debates about what values humanity will choose as most significant in the post-Cold War world. In Search of the Good Life argues that our moral task is to ensure that globalization proceeds in ways that honour creation and life,…


Book cover of Small Is Beautiful: Economics as If People Mattered

Ray Cunningham Author Of The Post-Growth Project: How the End of Economic Growth Could Bring a Fairer and Happier Society

From my list on our fatal addiction to economic growth.

Why am I passionate about this?

In my career, I managed research into how the problems of modern industrial society are tackled in different countries. This reflected my own comparative instinct, which arose out of growing up bilingual and at home in two cultures. My journey into politics, sociology, and economics made me increasingly aware of the blindness of our social arrangements to the growing ecological crisis – and of how this blindness is perpetuated by the narrow silos of our political and academic systems. Our only hope now lies with thinkers who can escape those silos and integrate different perspectives into a holistic understanding. We don’t need more specialists, but generalists. Fewer economists, more moral philosophers. 

Ray's book list on our fatal addiction to economic growth

Ray Cunningham Why did Ray love this book?

The book that gave birth to the slogan... This is an iconoclastic look at the capitalist economy from a man who trained as an academic economist and worked for the National Coal Board. Schumacher thought creatively and wrote and spoke in a lively and engaging way and the book is an accessible introduction to a different way of thinking about what the purpose of an economy, or economics, is.

Also, Schumacher was invited to become the first Director of the Anglo-German Foundation for the Study of Industrial Society, but felt that he was already too old for the job. Many years later, I became the Foundation’s last Director.

By E.F. Schumacher,

Why should I read it?

3 authors picked Small Is Beautiful as one of their favorite books, and they share why you should read it.

What is this book about?

This New York Times bestselling “Eco Bible” (Time magazine) teaches us that economic growth must be responsibly balanced with the needs of communities and the environment.

“Embracing what Schumacher stood for--above all the idea of sensible scale--is the task for our time. Small is Beautiful could not be more relevant. It was first published in 1973, but it was written for our time.” — Bill McKibben, from the Foreword

Small Is Beautiful is Oxford-trained economist E. F. Schumacher’s classic call for the end of excessive consumption. Schumacher inspired such movements as “Buy Locally” and “Fair Trade,” while voicing strong opposition…


Book cover of Human Action

Caleb S. Fuller Author Of No Free Lunch: Six Economic Lies You've Been Taught And Probably Believe

From my list on the economic point of view.

Why am I passionate about this?

I’m an associate professor of economics at Grove City College, where I love introducing students to the economic point of view. My first book, listed below, pursues the relentless logic of tradeoffs. My second book (co-authored with Art Carden), Mere Economics: Lessons for and from the Ordinary Business of Life, is due out in early 2025. It examines how human beings expand their options through cooperation. For me, internalizing the economic point of view is a lifelong project. I think it will become yours, too, if you try these books! 

Caleb's book list on the economic point of view

Caleb S. Fuller Why did Caleb love this book?

The greatest book ever written in economics isn’t Adam Smith’s The Wealth of Nations, Karl Marx’s Das Kapital, or John Maynard Keynes’ The General Theory, but this book by Ludwig von Mises. If you only ever read one book in economics, make it this one—even if it takes five years to traverse. You’ll be digesting the insights for a lifetime.

Everything is here. How we ought to think about economics. How we can most fruitfully analyze society. How can humans live better together than they could apart? What makes some societies rich and others poor? Mises originally thought of calling the book “Social Cooperation,” two words that deftly capture the essence of this 800+ page treatise. 

By Ludwig von Mises,

Why should I read it?

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

What is this book about?

The great book first appeared in German in 1940 and then disappeared, only to reappear in English in 1949. It was a sensation, the largest and most scientific defense of human freedom ever published. And now, in 2010, the seemingly impossible has happened: Human Action, the masterwork of the ages, is in a pocketbook edition at a ridiculously low price.

History might record that this edition is the one that changed the world. Mises's fantastic and timeless treatise has never been in a more portable, giftable edition.

Just imagine: giving or receiving this gem, this treasure, as a stocking stuffer!…


Book cover of The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers

Panayotis G. Michaelides Author Of History of Economic Ideas: From Adam Smith to Paul Krugman

From my list on the evolution of economics.

Why am I passionate about this?

I am a Full Professor and Lab Director in Economics. My interest in this field began when I traveled abroad and observed the differences in prices, goods, and quality of life. In order to gain a deeper understanding, I decided to switch from my previous academic background in Engineering, Mathematics & Physics to Economics, Finance & Data Science. Today, I am dedicated to expanding my knowledge and sharing my insights through teaching, academic publications, and LinkedIn posts. According to the latest rankings, I am humbled to be among the top 3% most productive economists worldwide (IDEAS-RePec, 2023), as well as being ranked among the top 4% researchers in Financial Economics, and the top 5% in Econometrics (Researchgate, 2023).

Panayotis' book list on the evolution of economics

Panayotis G. Michaelides Why did Panayotis love this book?

Are you looking for a good introduction to Economics?

Then, as I did, start with a brilliant survey of the main thinkers, who have shaped our understanding of the economic system. These economists’ thoughts ranged from addressing how to improve the quality of life for all, to understanding the source of value and the functioning of the economy.

Although they were not always accurate, their influence on contemporary Economics is tremendous, and Heilbroner's writing style will captivate you. I recommend this book to all of my students and colleagues.

In fact, after reading this book during my University studies, I became inspired to study Economics in depth and engage in scholarly research. Even switched from Engineering, Mathematics, and Physics to Economics, Finance, and Data Science.

Book cover of Universal Man: The Seven Lives of John Maynard Keynes

Andrew Hodges Author Of Alan Turing: The Enigma

From my list on Alan Turing’s world.

Why am I passionate about this?

I am a mathematician, based at Oxford University, following up the ideas of the Nobel prizewinner Roger Penrose on fundamental physics.  But I am best known for writing a biography of Alan Turing, the founder of computer science. I did this at a time when he was almost unknown to the public, long before computers invaded popular culture. And it meant giving a serious account of two kinds of secret history: the codebreaking of the Second World War and the life of an unapologetic gay man. Since then I have also created a supporting website. When I was drawn to find out about Alan Turing, it was not only because he was a mathematician. I seized the chance to bring together many themes from science, history, and human life. This broad approach is reflected in my recommendations. I am choosing books that hint at the great scope of themes related to Turing’s life and work.

Andrew's book list on Alan Turing’s world

Andrew Hodges Why did Andrew love this book?

My fourth pick is another biography, of the economist John Maynard Keynes. Richard Davenport-Hines has divided up his account into ‘seven lives’. Yet by taking his personal life and sexual identity seriously, Davenport-Hines achieves an outstanding unification. Seriousness is not solemnity: readers will find here a delightful story about Keynes admiring Alan Turing’s fingernails at King’s College, Cambridge. There is much more to illustrate the extraordinary King’s College ambiance in which Turing found his home, and deeper connections: in late 1946, both were crossing the Atlantic, Keynes to rescue the British economy, Turing on his start-up of the computer industry. Keynesian economics are newly relevant now, but the liberal élite culture in which it was hatched may still surprise readers. When Turing started war work at Bletchley Park, he wrote to Keynes’s circle that Dillwyn Knox was ‘his boss’. Did he know, as Richard Davenport-Hines explains, that Knox had been…

By Richard Davenport-Hines,

Why should I read it?

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

What is this book about?

From the bestselling and award-winning author of 'An English Affair', a dazzlingly original thematic biography which throws fresh light on the greatest economist of the twentieth century.

John Maynard Keynes is the man who saved Britain from financial crisis not once but twice - over the course of two World Wars. He remains a highly influential figure, nearly 70 years after his death. But who was he?

In this entertaining biography, Richard Davenport-Hines gives us the man behind the economics: the connoisseur, intellectual, public official and statesman who was equally at ease socialising with the Bloomsbury Group as he was…


Book cover of The General Theory of Employment, Interest, and Money

L. Randall Wray Author Of Making Money Work for Us: How MMT Can Save America

From my list on helping you understand how money really works.

Why am I passionate about this?

I’ve been studying money since the early 1980s, when my dissertation advisor—the late and great Hyman Minsky—warned me not to do “Genesis”, origins stories of money. But I couldn't resist. I'm one of the founders of Modern Money Theory (MMT), an approach developed over the past three decades that has garnered tens of thousands of followers and earned the hatred of the elite. And, yet, those who know how money really works—or who embrace public policy pursuing the public interest (Bernie Sanders, Alexandria Ocasio-Cortez), and even central bankers—have admitted that government cannot run out of money. I’ve written hundreds of academic papers, more blogs, many books, and given hundreds of interviews presenting the MMT alternative.

L.'s book list on helping you understand how money really works

L. Randall Wray Why did L. love this book?

This choice is obvious and tough.

The book is notoriously difficult. However, it ranks with Darwin’s Origins of the Species, and Einstein’s General Theory of Relativity as among the most important and revolutionary books ever.

It’s no exaggeration to say that Keynes changed everything in the same way that Darwin and Einstein had. It will change the way you see the world if you make the substantial effort. Keynes argues that it is the organization of our economy around money that causes unemployment—not high wages or lazy workers.

Here’s my one sentence summary: firms only hire the number of workers they need to produce the output they expect to sell at a profit. If they cannot make money from hiring you, you are unemployed.

By John Maynard Keynes,

Why should I read it?

2 authors picked The General Theory of Employment, Interest, and Money as one of their favorite books, and they share why you should read it.

What is this book about?

John Maynard Keynes's 1936 General Theory of Employment, Interest and Money is a perfect example of the global power of critical thinking. A radical reconsideration of some of the founding principles and accepted axioms of classical economics at the time, it provoked a revolution in economic thought and government economic policies across the world. Unsurprisingly, Keynes's closely argued refutation of the then accepted grounds of economics employs all the key critical thinking skills: analysing and evaluating the old theories and their weaknesses; interpreting and clarifying his own fundamental terms and ideas; problem solving; and using creative thinking to go beyond…


Book cover of A Guide to Keynes

Mark R. Reiff Author Of On Unemployment: A Micro-Theory of Economic Justice: Volume 1

From my list on what causes economic injustice.

Why am I passionate about this?

F. Scott Fitzgerald claimed, “there are no second acts in American lives.” But I am on my third. I started out in the theatre, then became a lawyer, and then a political philosopher. What drove each move is that I was always outraged by injustice and wanted to find a better way to fight against it. For me, reading, writing, and teaching political philosophy turned out to be that way. The books on this list provide important lessons on how certain economic policies can cause injustice while others can cure it. Each has been around for a long time, but they are as relevant today as when they were first written. 

Mark's book list on what causes economic injustice

Mark R. Reiff Why did Mark love this book?

I would have recommended John Maynard Keynes, The General Theory of Employment, Interest, and Money, which is one of the great masterworks of the twentieth century, but reading Keynes himself can be difficult.

Hansen’s book is the best summary available despite being more than 70 years old. And understanding Keynes is essential if you want to understand how certain economic policies continue to lead us astray.

Hard to find, but not impossible. 

By Alvin H. Hansen,

Why should I read it?

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


Book cover of The Economic Consequences of the Peace
Book cover of How Much Is Enough?: Money and the Good Life
Book cover of Economic Theory in Retrospect

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