The professor of economics discusses the contributions made by the Austrian School. He introduces recent books by Austrians, explains what we can learn from Mises and Hayek, and argues that economics is the sexiest subject.

Most people completing degrees in economics won't have read these books, but they should, says British economist John Kay.

Paul Krugman, Nobel prize-winning economist, Op-Ed columnist for the New York Times, and Emeritus Professor of Economics and International Affairs at Princeton, discusses the books that most influenced his formation as a liberal economist.

Adam Smith tends to be seen as the founder of capitalism and modern economics, but he was, first and foremost, a moral philosopher. Dennis Rasmussen, author of The Infidel and the Professor—a book about Smith's friendship with David Hume—selects the best books by and about Adam Smith.

In its study of the broader economy, macroeconomics is a vital tool for understanding the world around us, offering insights into issues that affect us all, like inflation and unemployment. Which textbooks to read to learn more about it? Here, Raffaele Rossi, Senior Lecturer at the University of Manchester, recommends his top macroeconomics textbooks, starting with entry-level books aimed at undergraduates all the way through to the tough tomes you'll need to plough through if you're doing a doctorate and want to work at the frontier of the discipline.

Power corrupts and corporate power is no exception: its effects are bad for consumers, bad for workers and bad for the economy. Here, Belgian American economist Jan Loeys recommends books that look at the economic and political implications of 'market concentration,' and explains why we don't need governments that are pro-business but ones that are pro-market.

Have you ever been “sexiled”? Or used game theory, without realising it, to get someone to do the dishes? Economics professor and author Daniel Hamermesh recommends books that show how economic thinking can illuminate almost any area of life.

We live in a society where it's vital to have a good grasp of economics, but that doesn't mean you need an economics degree to understand what it's all about. Australian economist John Quiggin, author of Economics in Two Lessons, recommends books for learning about economics, all accessible to the general reader, and tries to dispel some of the myths about what it is professional economists do.

Many of us try to avoid thinking about taxes unless we have to, but the truth is taxation has had a profound effect on the course of history and will play a key in the future society we create, too. Here, Michael Keen and Joel Slemrod, both public finance economists and authors of Rebellion, Rascals, and Revenue: Tax Follies and Wisdom Through the Ages, recommend books about taxes that are not only informative but also good reads.

Government intervention in the economy played a key role in the East Asian economic miracle and, further back, the development of countries that have traditionally championed free markets around the world. As the merit of state leadership in key industries returns to mainstream debate, Danny Crichton of venture capital firm Lux Capital recommends five outstanding books for understanding industrial policy.