Economics Books

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.

Across sectors and around the world fewer and fewer companies dominate the economy, with negative consequences for consumers, workers and the economy as a whole. Here, Oxford economist Howard Smith introduces books on 'antitrust,' a key policy tool for ensuring that markets are actually functioning properly in market economies.

The global economy has been hit by another massive and unexpected shock this year in the form of the pandemic, which is already having knock-on effects on how people think about economics.  Here, Professor Diane Coyle of Cambridge University chooses the best economics books published in 2020.

From the education of a Nobel Prize-winning economist to debates about privacy and the drawbacks of global supply chains, Professor Diane Coyle of Cambridge University's Bennett Institute for Public Policy chooses the best economics books of 2021. These are highly readable books that also shed important light on the Covid pandemic and the world we live in.

The urgency of the challenges facing society has led to a wonderful supply of books by leading thinkers on a variety of pressing topics. Economist Diane Coyle, a professor at the University of Cambridge and co-director of the Bennett Institute for Public Policy, recommends her top five economics books of 2019.

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.

Economists have offered two contrasting explanations of what money is and what it is for. For a long time, its function as a commodity, a store of value and a medium of exchange dominated economics textbooks. But, as Professor Samuel A. Chambers explains, understanding money as something closer to credit is more convincing and supported by other social sciences and what we've learned from the 2008 financial crisis.

Despite the large number of brands, most Americans buy their beer from just two companies. Consumer choice in the new digital economy is hardly better. Economist Jason Furman, chair of the Council of Economic Advisers under Barack Obama and now a professor at Harvard, recommends books to better understand market competition.

The 2007 Nobel Economics Prize winner says that, contrary to popular perception, economic theory did a good job of predicting the financial crisis, it's just that no one was paying any attention. Eric Maskin talks us through four journal articles and one book on 'economic theory and the financial crisis.'