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Economics » Globalisation & Inequality

Most Recommended Books

The Race between Education and Technology by Claudia Goldin and Lawrence F Katz

“This book is important because it captures another conventional wisdom with respect to automation: that the best response to the challenge is ‘more’ education. And it does this in a wonderfully clear and engaging way.”

Daniel Susskind,

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Essays in Persuasion by John Maynard Keynes

“As Keynes anticipated, we have come very close to solving the traditional economic problem, the struggle for subsistence that preoccupied humankind for so long. This piece of prescience is, in part, what makes his essay so engaging. But there is also an error of judgement that runs through Keynes’ essay. He was right that, in theory, we would come very close to solving that fundamental economic problem—that the economic pie would be large enough for everyone to live on.”

Daniel Susskind,

Read more

Power and Plenty by Ronald Findlay and Kevin H O’Rourke

“This is really a magisterial tour of the last thousand years of globalisation.”

Dani Rodrik, Economist

Read more

wealth of nations

The Wealth of Nations by Adam Smith

“The Wealth of Nations is, of course, one of the most famous, though certainly not most read or understood, books of all time. It was first published in 1776. In fact, I was once asked on an exam in high school ‘Who invented capitalism in 1776?’”

Dennis Rasmussen,

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Browse book recommendations:

Economics

  • Behavioural Economics
  • Development Economics
  • Economic History
  • Economics Textbooks
  • Finance
  • Financial Crisis
  • Globalisation & Inequality
  • New Books
  • World Economies

Globalisation is a popular topic at Five Books, and we've proud to have reading lists on it from extremely eminent economists, such as Dani Rodrik and Larry Summers of Harvard. In this section, we explore both globalisation and some of the issues that go with it, like the economic effects of immigration. Inequality is another side-effect of globalisation, as some people are able to capitalize and make the most of the global market, and others lose their jobs and are left behind by the economic changes it wreaks. Our interviews with Daron Acemoglu of MIT on and Branko Milanovic on inequality have been some of the most popular reading lists to appear on the site.

What to do about inequality is a separate issue. Australian economist John Quiggin suggests it's time for the left to come up with a new 'utopia', some vision of how we'd like the world to be that we can work towards. Former US labour secretary (turned academic and political commentator) Robert Reich recommends some books showing how previous generations dealt with inequality crises.

    The Best Books on the Future of Work, recommended by Daniel Susskind

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    The Best Books on the Future of Work - The New Division of Labor: How Computers Are Creating the Next Job Market by Frank Levy & Richard J Murnane

    1

    The New Division of Labor: How Computers Are Creating the Next Job Market
    by Frank Levy & Richard J Murnane

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    The Best Books on the Future of Work - The Race between Education and Technology by Claudia Goldin and Lawrence F Katz

    2

    The Race between Education and Technology
    by Claudia Goldin and Lawrence F Katz

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    The Best Books on the Future of Work - Essays in Persuasion by John Maynard Keynes

    3

    Essays in Persuasion
    by John Maynard Keynes

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    The Best Books on the Future of Work - Future Politics: Living Together in a World Transformed by Tech by Jamie Susskind

    4

    Future Politics: Living Together in a World Transformed by Tech
    by Jamie Susskind

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    The Best Books on the Future of Work - Marienthal: The Sociography of an Unemployed Community by Hans Zeisel, Marie Jahoda & Paul F Lazarsfeld

    5

    Marienthal: The Sociography of an Unemployed Community
    by Hans Zeisel, Marie Jahoda & Paul F Lazarsfeld

The Best Books on the Future of Work, recommended by Daniel Susskind

For many us, work is not only a vital source of income, but also an important part of our identity. As computers become ever better at doing jobs that used to be the exclusive preserve of humans, the work available to us and the rewards for doing it will change dramatically. As economist Daniel Susskind explains, these developments are going to force us to rethink how society as a whole works at a very fundamental level, changing the role of the state, the way we think about how individuals contribute to society and how they can, or should, be rewarded.

    The best books on Historical Change and Economic Ideology, recommended by Thomas Piketty

  • Read
    The best books on Historical Change and Economic Ideology - The Great Demarcation: The French Revolution and the Invention of Modern Property by Rafe Blaufarb

    1

    The Great Demarcation: The French Revolution and the Invention of Modern Property
    by Rafe Blaufarb

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    The best books on Historical Change and Economic Ideology - Gold and Freedom: The Political Economy of Reconstruction by Nicolas Barreyre

    2

    Gold and Freedom: The Political Economy of Reconstruction
    by Nicolas Barreyre

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    The best books on Historical Change and Economic Ideology - Citizenship between Empire and Nation: Remaking France and French Africa, 1945-1960 by Frederick Cooper

    3

    Citizenship between Empire and Nation: Remaking France and French Africa, 1945-1960
    by Frederick Cooper

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    The best books on Historical Change and Economic Ideology - Castes of Mind: Colonialism and the Making of Modern India by Nicholas B. Dirks

    4

    Castes of Mind: Colonialism and the Making of Modern India
    by Nicholas B. Dirks

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    The best books on Historical Change and Economic Ideology - The Emergence of Globalism: Visions of World Order in Britain and the United States, 1939–1950 by Or Rosenboim

    5

    The Emergence of Globalism: Visions of World Order in Britain and the United States, 1939–1950
    by Or Rosenboim

The best books on Historical Change and Economic Ideology, recommended by Thomas Piketty

Throughout history, social and economic inequalities have been fueled and justified by different ideologies. French economist Thomas Piketty’s latest book, Capital and Ideology, looks at the advent and fall of these ideologies, and how they could evolve in the future. He recommends five great books to better understand these complex and always-evolving ideas, and their consequences for the world.

    Peter Temin on An Economic Historian’s Favourite Books

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    Peter Temin on An Economic Historian’s Favourite Books - Capital in the Twenty-First Century by Thomas Piketty

    1

    Capital in the Twenty-First Century
    by Thomas Piketty

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    Peter Temin on An Economic Historian’s Favourite Books - The New Jim Crow: Mass Incarceration in the Age of Colorblindness by Michelle Alexander

    2

    The New Jim Crow: Mass Incarceration in the Age of Colorblindness
    by Michelle Alexander

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    Peter Temin on An Economic Historian’s Favourite Books - The Strange Career of Jim Crow by C. Vann Woodward

    3

    The Strange Career of Jim Crow
    by C. Vann Woodward

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    Peter Temin on An Economic Historian’s Favourite Books - A Theory of Economic History by John Hicks

    4

    A Theory of Economic History
    by John Hicks

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    Peter Temin on An Economic Historian’s Favourite Books - Feudal Society by marc bloch

    5

    Feudal Society
    by marc bloch

Peter Temin on An Economic Historian’s Favourite Books

Distinguished economic historian, Peter Temin, talks us through some of his favourite books. His own latest book, The Vanishing Middle Class, charts America’s regression towards a pre-industrial society: with many poor, a few rich, and not much in between.

    The best books on Inequality, recommended by Daron Acemoglu

  • Read
    The best books on Inequality - The Race between Education and Technology by Claudia Goldin and Lawrence F Katz

    1

    The Race between Education and Technology
    by Claudia Goldin and Lawrence F Katz

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    The best books on Inequality - Top Incomes in the Long Run of History by Emmanuel Saez, Thomas Piketty & Tony Atkinson

    2

    Top Incomes in the Long Run of History
    by Emmanuel Saez, Thomas Piketty & Tony Atkinson

  • Read
    The best books on Inequality - Why Nations Fail by Daron Acemoglu and James Robinson

    3

    Why Nations Fail
    by Daron Acemoglu and James Robinson

  • Read
    The best books on Inequality - Unequal Democracy by Larry M Bartels

    4

    Unequal Democracy
    by Larry M Bartels

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    The best books on Inequality - 13 Bankers by Simon Johnson & Simon Johnson and James Kwak

    5

    13 Bankers
    by Simon Johnson & Simon Johnson and James Kwak

The best books on Inequality, recommended by Daron Acemoglu

The US, the UK and many other countries have become far less equal over the past 30 years. The MIT economics professor Daron Acemoglu recommends inequality books and reading because he says it’s important we understand how and why this happened, and what it means for our societies.

    The best books on Globalization, recommended by Larry Summers

  • Read
    The best books on Globalization - The Economic Consequences of the Peace by John Maynard Keynes

    1

    The Economic Consequences of the Peace
    by John Maynard Keynes

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    The best books on Globalization - Manias, Panics, and Crashes: A History of Financial Crises by Charles Kindleberger

    2

    Manias, Panics, and Crashes: A History of Financial Crises
    by Charles Kindleberger

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    The best books on Globalization - Globalization and Its Discontents by Joseph E Stiglitz

    3

    Globalization and Its Discontents
    by Joseph E Stiglitz

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    The best books on Globalization - Why Globalization Works by Martin Wolf

    4

    Why Globalization Works
    by Martin Wolf

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    The best books on Globalization - The Great Convergence by Richard Baldwin

    5

    The Great Convergence
    by Richard Baldwin

The best books on Globalization, recommended by Larry Summers

Globalization benefits mankind and we are learning how better to deal with the disruption it causes. But one thing is for sure, the laws of economics are no more escapable than the laws of physics. Harvard professor and former US Treasury secretary, Larry Summers, recommends the best books on globalization.

    The best books on Inequality, recommended by Danny Dorling

  • Read
    The best books on Inequality - The Challenge of Affluence by Avner Offer

    1

    The Challenge of Affluence
    by Avner Offer

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    The best books on Inequality - The Selfish Capitalist by Oliver James

    2

    The Selfish Capitalist
    by Oliver James

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    The best books on Inequality - Super Rich by George Irvin

    3

    Super Rich
    by George Irvin

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    The best books on Inequality - Stuffed and Starved by Raj Patel

    4

    Stuffed and Starved
    by Raj Patel

  • Read
    The best books on Inequality - The Spirit Level: Why Greater Equality Makes Societies Stronger by Richard Wilkinson and Kate Pickett

    5

    The Spirit Level: Why Greater Equality Makes Societies Stronger
    by Richard Wilkinson and Kate Pickett

The best books on Inequality, recommended by Danny Dorling

‘When it comes to human happiness the inequalities which matter most aren’t financial. They are in terms of health or education. When it really comes down to it, what matters most is that are you well, that you are going to live a long life, that your children are going to live a long life.’

    The best books on Immigration, recommended by Ian Goldin

  • Read
    The best books on Immigration - Bloody Foreigners by Robert Winder

    1

    Bloody Foreigners
    by Robert Winder

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    The best books on Immigration - Borderless Economics by Robert Guest

    2

    Borderless Economics
    by Robert Guest

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    The best books on Immigration - The Age of Migration by Hein de Haas, Mark J. Miller & Stephen Castles

    3

    The Age of Migration
    by Hein de Haas, Mark J. Miller & Stephen Castles

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    The best books on Immigration - The Age of Mass Migration by Jeffrey G. Williamson & Timothy J. Hatton

    4

    The Age of Mass Migration
    by Jeffrey G. Williamson & Timothy J. Hatton

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    The best books on Immigration - A Man of Good Hope by Jonny Steinberg

    5

    A Man of Good Hope
    by Jonny Steinberg

The best books on Immigration, recommended by Ian Goldin

What are the economic effects of immigration? Economist Ian Goldin, a professor at Oxford University and founding director of the Oxford Martin School, recommends books and explains.

    The best books on The Inequality Crisis, recommended by Timothy Noah

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    The best books on The Inequality Crisis - The Wealth and Income of the People of the United States by Willford Isbell King

    1

    The Wealth and Income of the People of the United States
    by Willford Isbell King

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    The best books on The Inequality Crisis - The Epic of America by James Truslow Adams

    2

    The Epic of America
    by James Truslow Adams

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    The best books on The Inequality Crisis - Prosperity by Bob Davis and David Wessel

    3

    Prosperity
    by Bob Davis and David Wessel

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    The best books on The Inequality Crisis - Fluctuating Fortunes by David Vogel

    4

    Fluctuating Fortunes
    by David Vogel

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    The best books on The Inequality Crisis - The Race between Education and Technology by Claudia Goldin and Lawrence F Katz

    5

    The Race between Education and Technology
    by Claudia Goldin and Lawrence F Katz

The best books on The Inequality Crisis, recommended by Timothy Noah

Income inequality has reached a crisis point in America, says the author of The Great Divergence – yet with powerful nationwide pressure to address the problem, there is also an opportunity for change

    The best books on Utopia, recommended by John Quiggin

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    The best books on Utopia - Brave New World by Aldous Huxley

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    Brave New World
    by Aldous Huxley

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    The best books on Utopia - Consider Phlebas by Iain M Banks

    2

    Consider Phlebas
    by Iain M Banks

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    The best books on Utopia - The Affluent Society by John Kenneth Galbraith

    3

    The Affluent Society
    by John Kenneth Galbraith

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    The best books on Utopia - Envisioning Real Utopias by Erik Olin Wright

    4

    Envisioning Real Utopias
    by Erik Olin Wright

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    The best books on Utopia - Essays in Persuasion by John Maynard Keynes

    5

    Essays in Persuasion
    by John Maynard Keynes

The best books on Utopia, recommended by John Quiggin

The Australian economist and author of Zombie Economics says we need to inspire people with a view of a better society. In short, we need a new utopia.

    The best books on Saving Capitalism and Democracy, recommended by Robert Reich

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    The best books on Saving Capitalism and Democracy - The Promise of American Life by Herbert Croly

    1

    The Promise of American Life
    by Herbert Croly

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    The best books on Saving Capitalism and Democracy - The New Industrial State by John Kenneth Galbraith

    2

    The New Industrial State
    by John Kenneth Galbraith

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    The best books on Saving Capitalism and Democracy - The Wheels of Commerce by Fernand Braudel

    3

    The Wheels of Commerce
    by Fernand Braudel

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    The best books on Saving Capitalism and Democracy - Democracy in America by Alexis de Tocqueville

    4

    Democracy in America
    by Alexis de Tocqueville

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    The best books on Saving Capitalism and Democracy - The Theory of the Leisure Class by Thorstein Veblen

    5

    The Theory of the Leisure Class
    by Thorstein Veblen

The best books on Saving Capitalism and Democracy, recommended by Robert Reich

It’s not the first period in history that American society has suffered from a crisis of inequality. Former labour secretary, Robert Reich, recommends books to help us understand the response of previous generations to the same kinds of challenges we now face.

    The best books on Breakthroughs in Development, recommended by Rajiv Shah

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    The best books on Breakthroughs in Development - A Farewell to Alms by Gregory Clark

    1

    A Farewell to Alms
    by Gregory Clark

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    The best books on Breakthroughs in Development - Millions Saved by Ruth Levine

    2

    Millions Saved
    by Ruth Levine

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    The best books on Breakthroughs in Development - The Alchemy of Air by Thomas Hager

    3

    The Alchemy of Air
    by Thomas Hager

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    The best books on Breakthroughs in Development - The Doubly Green Revolution by Gordon Conway

    4

    The Doubly Green Revolution
    by Gordon Conway

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    The best books on Breakthroughs in Development - Fortune at the Bottom of the Pyramid by CK Prahalad

    5

    Fortune at the Bottom of the Pyramid
    by CK Prahalad

The best books on Breakthroughs in Development, recommended by Rajiv Shah

The head of USAID says ending poverty is within our grasp, and explains why development and a flair for business can be a happy combination

    The best books on Labour Unions, recommended by Richard B Freeman

  • Read
    The best books on Labour Unions - What Do Unions Do? by Eds. James Bennett and Bruce E. Kaufman

    1

    What Do Unions Do?
    by Eds. James Bennett and Bruce E. Kaufman

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    The best books on Labour Unions - Exit, Voice, and Loyalty by Albert Hirschman

    2

    Exit, Voice, and Loyalty
    by Albert Hirschman

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    The best books on Labour Unions - Industrial Relations Systems by John T. Dunlop

    3

    Industrial Relations Systems
    by John T. Dunlop

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    The best books on Labour Unions - The Turbulent Years by Irving Bernstein

    4

    The Turbulent Years
    by Irving Bernstein

  • Read
    The best books on Labour Unions - Rebuilding Labor by Ruth Milkman and Kim Voss

    5

    Rebuilding Labor
    by Ruth Milkman and Kim Voss

The best books on Labour Unions, recommended by Richard B Freeman

Harvard economist Richard Freeman recommends the best books to get an understanding of the history and theory of labour unions.

    The best books on Economic Inequality Between Nations and Peoples, recommended by Branko Milanovic

  • Read
    The best books on Economic Inequality Between Nations and Peoples - Victoires et Déboires (Successes and Failures). Histoire économique du monde du XVIe siècle à nos jours by Paul Bairoch

    1

    Victoires et Déboires (Successes and Failures). Histoire économique du monde du XVIe siècle à nos jours
    by Paul Bairoch

  • Read
    The best books on Economic Inequality Between Nations and Peoples - Contours of the World Economy, 1-2030AD by Angus Maddison

    2

    Contours of the World Economy, 1-2030AD
    by Angus Maddison

  • Read
    The best books on Economic Inequality Between Nations and Peoples - The End of the Past by Aldo Schiavone

    3

    The End of the Past
    by Aldo Schiavone

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    The best books on Economic Inequality Between Nations and Peoples - Imperialism by J A Hobson

    4

    Imperialism
    by J A Hobson

  • Read
    The best books on Economic Inequality Between Nations and Peoples - The Law of Peoples by John Rawls

    5

    The Law of Peoples
    by John Rawls

The best books on Economic Inequality Between Nations and Peoples, recommended by Branko Milanovic

World Bank economist and author of The Haves and the Have-Nots: A Short and Idiosyncratic History of Global Inequality discusses global economic inequality and says internal issues of inequality breed aggressive foreign policy

    The best books on Globalisation, recommended by Dani Rodrik

  • Read
    The best books on Globalisation - Power and Plenty by Ronald Findlay and Kevin H O’Rourke

    1

    Power and Plenty
    by Ronald Findlay and Kevin H O’Rourke

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    The best books on Globalisation - Global Capitalism by Jeffrey A. Frieden

    2

    Global Capitalism
    by Jeffrey A. Frieden

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    The best books on Globalisation - Globalizing Capital by Barry Eichengreen

    3

    Globalizing Capital
    by Barry Eichengreen

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    The best books on Globalisation - One World by Peter Singer

    4

    One World
    by Peter Singer

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    The best books on Globalisation - The Great Transformation by Karl Polanyi

    5

    The Great Transformation
    by Karl Polanyi

The best books on Globalisation, recommended by Dani Rodrik

What is going on with the world these days? In this amazing interview tracing the past and present of globalisation, political economist Dani Rodrik gave us some clues as to the underlying issue. He picks the best books on globalisation.

    The best books on Globalisation, recommended by Stephen D King

  • Read
    The best books on Globalisation - Power and Plenty by Ronald Findlay and Kevin H O’Rourke

    1

    Power and Plenty
    by Ronald Findlay and Kevin H O’Rourke

  • Read
    The best books on Globalisation - The Wealth and Poverty of Nations by David S Landes

    2

    The Wealth and Poverty of Nations
    by David S Landes

  • Read
    The best books on Globalisation - The Wealth of Nations by Adam Smith

    3

    The Wealth of Nations
    by Adam Smith

  • Read
    The best books on Globalisation - The Grapes of Wrath by John Steinbeck

    4

    The Grapes of Wrath
    by John Steinbeck

  • Read
    The best books on Globalisation - Humanity: A Moral History of the Twentieth Century

    5

    Humanity: A Moral History of the Twentieth Century

The best books on Globalisation, recommended by Stephen D King

The Chief Economist at HSBC reflects on the hubris of the Western World and reminds us that history provides valuable lessons on financial crises and the constant changing shape of the world economy

    The best books on Globalisation, recommended by Mark Malloch Brown

  • Read
    The best books on Globalisation - The Great Experiment by Strobe Talbott

    1

    The Great Experiment
    by Strobe Talbott

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    The best books on Globalisation - Sideshow by William Shawcross

    2

    Sideshow
    by William Shawcross

  • Read
    The best books on Globalisation - Alpha Dogs by James Harding

    3

    Alpha Dogs
    by James Harding

  • Read
    The best books on Globalisation - The United Nations Development Programme by Craig N Murphy

    4

    The United Nations Development Programme
    by Craig N Murphy

  • Read
    The best books on Globalisation - The End of Poverty by Jeffrey D Sachs

    5

    The End of Poverty
    by Jeffrey D Sachs

The best books on Globalisation, recommended by Mark Malloch Brown

The Chief of Staff of the United Nations under Kofi Annan and former Administrator of the UN Development Programme talks us through some of the key ideas and institutions that helped develop globalisation

    The best books on The Global Food Scandal, recommended by Tristram Stuart

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    The best books on The Global Food Scandal - An Essay on the Principle of Population by Thomas Malthus

    1

    An Essay on the Principle of Population
    by Thomas Malthus

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    The best books on The Global Food Scandal - Melincourt by Thomas Love Peacock

    2

    Melincourt
    by Thomas Love Peacock

  • Read
    The best books on The Global Food Scandal - Cows, Pigs, Wars and Witches by Marvin Harris

    3

    Cows, Pigs, Wars and Witches
    by Marvin Harris

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    The best books on The Global Food Scandal - Collapse by Jared Diamond

    4

    Collapse
    by Jared Diamond

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    The best books on The Global Food Scandal - The Omnivore’s Dilemma by Michael Pollan

    5

    The Omnivore’s Dilemma
    by Michael Pollan

The best books on The Global Food Scandal, recommended by Tristram Stuart

The campaigner and historian says that Western countries waste more food than they consume. Believe him: he survives off food scavenged exclusively from supermarket bins

    The best books on Economic Development, recommended by Pranab Bardhan

  • Read
    The best books on Economic Development - The Wealth of Nations by Adam Smith

    1

    The Wealth of Nations
    by Adam Smith

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    The best books on Economic Development - The Strategy of Economic Development by Albert Hirschman

    2

    The Strategy of Economic Development
    by Albert Hirschman

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    The best books on Economic Development - The Theory of Economic Growth by W Arthur Lewis

    3

    The Theory of Economic Growth
    by W Arthur Lewis

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    The best books on Economic Development - Redistribution with Growth by H B Chenery

    4

    Redistribution with Growth
    by H B Chenery

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    The best books on Economic Development - Resources, Values and Development by Amartya Sen

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    Resources, Values and Development
    by Amartya Sen

The best books on Economic Development, recommended by Pranab Bardhan

What is economic development? What does it take to make it happen? What can we learn from the days Britain was still a developing country?  Eminent Indian economist, Pranab Bardhan, recommends the best books to better understand economic development.

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