The most recommended political economy books

Who picked these books? Meet our 25 experts.

25 authors created a book list connected to the political economy, and here are their favorite political economy books.
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Book cover of Classical Political Economy and Rise to Dominance of Supply and Demand Theories

Alex M. Thomas Author Of Macroeconomics: An Introduction

From my list on becoming a critical economist.

Why am I passionate about this?

I am passionate about the dissemination of economic ideas both inside and outside university spaces. In addition to classroom lectures at my university, I give a lot of public lectures on economics. Through these talks, I introduce the audience to the tradition of doing economics using a critical perspective. I have an MA and MPhil in Economics from the University of Hyderabad and a PhD in Economics from the University of Sydney.

Alex's book list on becoming a critical economist

Alex M. Thomas Why did Alex love this book?

I first purchased and read this book as a senior undergraduate student not knowing anything about the author.

Little did I know that this book would later play an important role in not only understanding the limitations of mainstream economics but also in providing me with an alternative approach to make sense of our economic surroundings. 

Bharadwaj’s book is truly a classic and one that I always recommend to my students. 

Her book continues to inspire and educate me.

Book cover of The Political Economy of Terrorism

Charles H. Anderton Author Of Principles of Conflict Economics: The Political Economy of War, Terrorism, Genocide, and Peace

From my list on the economics of conflict and peace.

Why am I passionate about this?

Like many people, I am deeply troubled by the death and destruction from violent conflict. When I began my graduate work in economics at Cornell University, I was allowed to apply my economics learning to the problem of war. When I began teaching at Holy Cross College, my colleagues encouraged me to offer courses on the economics of war and peace. After many years of teaching, I compiled Principles of Conflict Economics (with John Carter) to serve as a textbook on economic aspects of conflict. I hope the book might encourage other economics professors and students to learn more about war and how to resolve conflicts nonviolently.

Charles' book list on the economics of conflict and peace

Charles H. Anderton Why did Charles love this book?

I learned a great deal from this book’s insightful and wide-ranging coverage of the motives of terrorists; economic, political, and social causes and effects of terrorism; and government and private-sector counterterrorism efforts.

I especially like the book’s accessible coverage of leading research results in the field including risk factors for terrorism and conundrums associated with policy efforts to stymie terrorism. I loved how the book offered a fruitful blend of theoretical models, data trends, empirical results, and policy perspectives.

The authors are economists, so the book is strongly economic in approach, yet multidisciplinary perspectives are richly woven into the chapters, giving rise to a true “political economy” of terrorism.

By Walter Enders, Todd Sandler,

Why should I read it?

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

What is this book about?

The Political Economy of Terrorism presents a widely accessible political economy approach to the study of terrorism. It applies economic methodology - theoretical and empirical - combined with political analysis and realities to the study of domestic and transnational terrorism. In so doing, the book provides both a qualitative and quantitative investigation of terrorism in a balanced up-to-date presentation that informs students, policy makers, researchers and the general reader of the current state of knowledge. Included are historical aspects, a discussion of watershed events, the rise of modern-day terrorism, examination of current trends, the dilemma of liberal democracies, evaluation of…


Book cover of State and Nation Making in Latin America and Spain

Carlos Eduardo Suprinyak Author Of The Political Economy of Latin American Independence

From my list on the history of political economy in Latin America.

Why am I passionate about this?

I’m a Brazilian economist working in Paris and dedicated to historical scholarship. I have always been deeply impressed by the political weight carried by economic arguments across Latin America. Debates on economic policy are typically contentious everywhere, but in Latin America, your alignment with different traditions of political economy can go a long way to determine your intellectual and political identity. At the same time, our condition as peripheral societies – and hence net importers of ideas from abroad – raises perennial questions about the meaning of a truly Latin American political economy. I hope this list will be a useful entry point for people similarly interested in these problems.

Carlos' book list on the history of political economy in Latin America

Carlos Eduardo Suprinyak Why did Carlos love this book?

This sprawling, two-volume collection of essays approaches the history of political economy in Latin America not as a chapter of intellectual history, but rather as an extension of the practices of state-building pursued in the continent.

The first volume, Republics of the Possible, covers the period from the early days of independence to the turbulent 1930s, touching on subjects as diverse as militarization, fiscal systems, educational institutions, national statistics, and ideological disputes.

The second volume, The Rise and Fall of the Developmental State, explores the 20th-century Latin American experiment on state-led development: its ideological underpinnings, the design of appropriate institutions, and the ambiguous aftermath of the developmental era in different national settings.

A third volume is still in the works to complete this state-of-the-art trilogy.

By Miguel A. Centeno (editor), Agustin E. Ferraro (editor),

Why should I read it?

1 author picked State and Nation Making in Latin America and Spain as one of their favorite books, and they share why you should read it.

What is this book about?

The growth of institutional capacity in the developing world has become a central theme in twenty-first-century social science. Many studies have shown that public institutions are an important determinant of long-run rates of economic growth. This book argues that to understand the difficulties and pitfalls of state building in the contemporary world, it is necessary to analyze previous efforts to create institutional capacity in conflictive contexts. It provides a comprehensive analysis of the process of state and nation building in Latin America and Spain from independence to the 1930s. The book examines how Latin American countries and Spain tried to…


Book cover of Dumping In Dixie: Race, Class, And Environmental Quality

James Tabery Author Of Tyranny of the Gene: Personalized Medicine and Its Threat to Public Health

From my list on the environment and health.

Why am I passionate about this?

I’m a philosopher fascinated by science and its relationship to society, who science benefits and who it harms; why scientists get some things right and some things wrong; and which scientific results make their way into the physician’s office, the courtroom, and the school textbook. Science impacts all facets of our lives: our health, our relationships with others, and our understanding of our place in our community and in the universe. I’ve spent decades investigating this relationship between science and society; these are some of the books I’ve found most influential in thinking about how we, as humans, impact the environment around us, which in turn circles back and impacts us.  

James' book list on the environment and health

James Tabery Why did James love this book?

This is it. The book that launched the environmental justice movement.

Scientists today frequently talk about environmental racism, about the way that harmful substances in our environments are not distributed randomly but instead disproportionately on communities of color, which in turn takes an enormous toll on the health of people living in those communities.

It was this book that forcefully made the case for seeing this phenomenon through the lens of civil rights. It exposed the widespread and systemic nature of environmental racism and made the case for responding to it with all the concepts, collective action, and policy strategies of the civil rights movement.  

By Robert Bullard,

Why should I read it?

2 authors picked Dumping In Dixie as one of their favorite books, and they share why you should read it.

What is this book about?

To be poor, working-class, or a person of colour in the United States often means bearing a disproportionate share of the country's environmental problems. Starting with the premise that all Americans have a basic right to live in a healthy environment, Dumping in Dixie chronicles the efforts of five African American communities, empowered by the civil rights movement, to link environmentalism with issues of social justice. In the third edition, Bullard speaks to us from the front lines of the environmental justice movement about new developments in environmental racism, different organizing strategies, and success stories in the struggle for environmental…


Book cover of Global Taxation: How Modern Taxes Conquered the World

Ewout Frankema Author Of Fiscal Capacity and the Colonial State in Asia and Africa, c.1850-1960

From my list on the global rise of fiscal states.

Why am I passionate about this?

Why do some states appear to be so much more stable and secure than others. Why are some states so much more successful in providing public services such as health care, education, and infrastructure to their citizens than others. As an economic historian interested in the deeper roots of global inequalities in human welfare, the long-run development of states has always been one of the principal themes I have studied. In my view, the fiscal capacity of the state can be considered as the backbone of the state. Understanding the formation of fiscal states thus brings us closer to intricate puzzles of power, policies, and economic development.  

Ewout's book list on the global rise of fiscal states

Ewout Frankema Why did Ewout love this book?

This book sheds light on a very important yet greatly understudied theme: how modern tax systems spread across the globe.

Modern taxes refer to the broad-based tax instruments such as income taxes and general consumption taxes that underpin the rise of big government taxes.

The volume introduces a new historical dataset that maps the adoption of these modern taxes, covering both sovereign and colonial states from the 18th to the 21st century.

It shows how the logic of modern tax introductions in non-sovereign states differed from those in sovereign ones. In doing so, this volume goes beyond the methodological nationalism prevalent in fiscal sociology and comparative political economy. 

By Philipp Genschel (editor), Laura Seelkopf (editor),

Why should I read it?

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

What is this book about?

Global Taxation investigates the global transition to modern taxation from the 18th century to today. Modern taxation refers to the broad-based tax instruments that allowed for the emergence of big government as we know it today, including, most prominently, income taxes and general consumption taxes. The volume draws on a new historical dataset of tax introduction worldwide to map the global spread of modern taxes descriptively and to explore its correlates
analytically. It makes four contributions to the literature. First, it corrects a pervasive Western bias in historical political economy and fiscal sociology. Most of this literature focuses heavily on…


Book cover of The Grip of Death: A Study of Modern Money, Debt Slavery and Destructive Economics

Tim Di Muzio Author Of An Anthropology of Money: A Critical Introduction

From my list on money and capitalism from a political economist.

Why am I passionate about this?

I’m a Canadian political economist working in Australia as an Associate Professor in International Relations and Political Economy at the University of Wollongong, just south of Sydney. I’ve been fascinated by the history of capitalism and money since post-graduate school. Eventually I had some time to do a deep dive into the existing scholarly literature on money and have so far written two books on the topic and multiple articles. I hope you enjoy my book recommendations as much as I enjoyed reading them.   

Tim's book list on money and capitalism from a political economist

Tim Di Muzio Why did Tim love this book?

I love this book because it was a real eye-opener on par with Ingham’s work. 

I discovered the book when I was researching my book with Richard Robbins. In my view it is a foundational book that should be read by all those interested in money, debt, and capitalism. 

I really like Rowbotham’s analysis and cutting critique of the current monetary system. He begins the book by asking: if virtually every nation in the world is in debt, who is the money owed to? 

From there the adventure begins as he unravels how modern money is created. If you thought that when you borrowed from a bank you were borrowing the money of other depositors, think again! 

A wonderful read that will get you thinking about alternatives to a capitalism founded on debt money. 

By Michael Rowbotham,

Why should I read it?

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

What is this book about?

A lucid and original account of where money comes from and why most people and businesses are so heavily in debt. It explodes more myths than any other book this century, yet it's all about subjects very close to home: mortgages, building societies and banks, agriculture, transport, global poverty, and what's on the supermarket shelf. The author proposes a new mechanism for the supply of money, creating a supportive financial environment and a decreasing reliance on debt.


Book cover of Putting Civil Society in Its Place: Governance, Metagovernance and Subjectivity

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?

A synoptic and synthetic exploration of “civil society” as a mode of governance with a degree of capacity/capability of coordinating the power of social relations and solidarities.

I very much like the book’s focus on networks and solidarity rather than the usual market versus state command binary.

Specifically, I appreciate how the book poses the issue: Can webs of governance – focused on new forms of legitimacy and solidarity – counter webs of capital accumulation uncoupled from territorial spatial boundaries?

By Bob Jessop,

Why should I read it?

1 author picked Putting Civil Society in Its Place as one of their favorite books, and they share why you should read it.

What is this book about?

Renowned social and political theorist Bob Jessop explores the idea of civil society as a mode of governance in this bold challenge to current thinking.
Developing theories of governance failure and metagovernance, the book analyses the limits and failures of economic and social policy in various styles of governance. Reviewing the principles of self-emancipation and self-responsibilisation it considers the struggle to integrate civil society into governance, and the power of social networks and solidarity within civil society.
With case studies of mobilisations to tackle economic and social problems, this is a comprehensive review of the factors that influence their success…


Book cover of The Machinery of Freedom: Guide to a Radical Capitalism

Peter T. Leeson Author Of WTF?! An Economic Tour of the Weird

From my list on economics and political economy.

Why am I passionate about this?

Peter T. Leeson is the author of the award-winning The Invisible Hook: The Hidden Economics of Pirates and Anarchy Unbound: Why Self-Governance Works Better than You Think. He is the Duncan Black Professor of Economics and Law at George Mason University. Big Think counted Peter among “Eight of the World’s Top Young Economists.”

Peter's book list on economics and political economy

Peter T. Leeson Why did Peter love this book?

A key insight of economics is the power of markets to organize human affairs. The Machinery of Freedom takes that insight to the limit. How might society work if even governmental functions were organized using markets? Friedman’s answer will surprise and challenge you. And whether you come away convinced or not, you will come away with a better understanding of markets.

By David Friedman,

Why should I read it?

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

What is this book about?

This book argues for a society organized by voluntary cooperation under institutions of private property and exchange with little, ultimately no, government. It describes how the most fundamental functions of government might be replaced by private institutions, with services such as protecting individual rights and settling disputes provided by private firms in a competitive market. It goes on to use the tools of economic analysis to attempt to show how such institutions could be expected to work, what sort of legal rules they would generate, and under what circumstances they would or would not be stable. The approach is consequentialist.…


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

Nancy Folbre Author Of The Rise and Decline of Patriarchal Systems

From my list on feminist political economy.

Why am I passionate about this?

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

Nancy's book list on feminist political economy

Nancy Folbre Why did Nancy love this book?

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

By Lourdes Beneria, Günseli Berik, Maria Floro

Why should I read it?

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

What is this book about?

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

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


Book cover of Capitalism: A Conversation in Critical Theory

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?

Wide-ranging philosophical conversation and moral critique of capitalism as an instituted social order wherein a structure of domination establishes and reinforces an entire way of life attuned to the hegemony of exchange value as well as commodity production, and their social reproduction.

I very much appreciate the book’s strategy of cogent, accessible and explorative dialogue rather than tit-for-tat debate.

By Nancy Fraser, Rahel Jaeggi,

Why should I read it?

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

What is this book about?

In this important new book, Nancy Fraser and Rahel Jaeggi take a fresh look at the big questions surrounding the peculiar social form known as "capitalism," upending many of our commonly held assumptions about what capitalism is and how to subject it to critique. They show how, throughout its history, various regimes of capitalism have relied on a series of institutional separations between economy and polity, production and social reproduction, and human and non-human nature, periodically readjusting the boundaries between these domains in response to crises and upheavals. They consider how these "boundary struggles" offer a key to understanding capitalism's…


Book cover of Classical Political Economy and Rise to Dominance of Supply and Demand Theories
Book cover of The Political Economy of Terrorism
Book cover of State and Nation Making in Latin America and Spain

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