Milton Friedman and Anna Schwartz

As we deal with the economic fallout of coronavirus, what lessons can economic theory and economic history teach us as we navigate the months ahead? Ricardo Reis, professor of economics at the London School of Economics—and consultant to both the Bank of England and the Federal Reserve—recommends four books and one article to help us think through the economic challenges posed by Covid-19.

Harvard macroeconomist Robert Barro takes issue with some common assumptions about the Great Depression, and how America got out of it.

The former chair of President Obama’s Council of Economic Advisers says we’ve learned that terrible downturns can still occur, but also that the right policy response can make a huge difference to the outcome

The CNN columnist and former speechwriter for George W Bush, David Frum, recommends five conservative books that transformed the way we think about fundamental problems.