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Economic Facts and Fallacies (2008) takes some common assumptions about economics and politics and reveals them as fallacies. It’s only by facing uncomfortable truths, the book argues, that we can begin to solve the problems in front of us.

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Thomas Sowell is a conservative economist, social theorist, and senior fellow at Stanford University’s Hoover Institution. Sowell has taught economics at Cornell, Amherst, and the University of California at Los Angeles, and the history of ideas at Brandeis University. In 2002, he was awarded the National Humanities Medal.

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Capitalism, Socialism and Democracy (1942) is a seminal work of economics. Its ideas have proven prophetic, and remain relevant to this day. It claims that capitalism will ultimately be eroded by the very processes that define it. It also explains the differences between capitalism and socialism and their relationship to democracy, and helps readers understand the role of entrepreneurship and creative destruction in modern capitalism.

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Joseph Schumpeter was one of the most influential political economists of the twentieth century. After briefly serving as the Finance Minister of German-Austria, he emigrated to the US in 1932 and became an economics professor at Harvard. Capitalism, Socialism and Democracy is regarded as his most important and most profound work. It’s the third-most-cited book in the social sciences.

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Mission Economy (2021) explains how we can rethink our approaches toward government and capitalism through the concept of missions – huge, ambitious projects that inspire people across society to think big. These blinks show how we can change the world by taking inspiration from one of the most famous missions of all: the moon landing.

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Mariana Mazzucato is an economics professor at University College London, and founding director of the university’s Institute for Innovation and Public Purpose. She has won awards including the John Von Neumann Award in 2020 and the All European Academies Madame de Staël Prize for Cultural Values in 2019. She also advises policymakers all around the world on innovation and sustainable growth, and wrote the books The Entrepreneurial State and The Value of Everything.

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A Little History of Economics (2017) is a whistle-stop tour of the major questions posed by economists through the centuries, from Aristotle to Thomas Piketty. It examines questions of inequality, selfishness, and the role government should play in economies.

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Niall Kishtainy is a professor at the London School of Economics and the University of Warwick. He believes a study of the history of economics can explain a lot about our modern times, and help us move forward in a better way.

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How to Be an Anticapitalist in the 21st Century (2019) is both a moral critique of capitalism and a pragmatic strategy guide to building an alternative economic system. Drawing from Erik Olin Wright’s four decades of work in sociology, it provides a nuanced account of why democratic socialism is both possible and desirable.

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American sociologist Erik Olin Wright was one of the most prominent and influential thinkers of a school of thought called Analytical Marxism. Along with other Analytical Marxists in the fields of history, economics, and philosophy, he sought to bridge the gap between classical Marxism and modern social science. He taught sociology at the University of Wisconsin–Madison for more than 30 years and was the author of 10 books, including Envisioning Real Utopias and Understanding Class. Wright died in 2019.

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Licence to be Bad (2019) explains how in the past 50 years a small handful of economists has drastically changed the way we think about the subject. Ideas including game theory, public choice theory, and free-riding have worked their way into our minds and our discourse, apparently permitting us to behave badly.

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Jonathan Aldred is a fellow at Emmanuel College, University of Cambridge, where he teaches economics and land economy. His first book, The Skeptical Economist, was published in 2009 and examines the ethics that lie behind economics.

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Reimagining Capitalism in a World on Fire (2020) asks us to rethink the way our economic system functions if we’re to survive our current crises, like climate change, inequality, and authoritarian populism. In this guide to the future, Rebecca Henderson describes how we must instill purpose into our business ventures, so that they create shared value, rather than merely shareholder value.

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Rebecca Henderson is an economist and the John and Natty McArthur University Professor at Harvard, where she teaches the popular Reimagining Capitalism course. She’s also a board member at Amgen and IDEXX Laboratories, both S&P 500 Companies.

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Angrynomics (2020) examines the growing atmosphere of anger around the globe. Part political theory, part social science, this approachable text diagnoses the cause of the rising resentment and proposes a few popular solutions.

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Eric Lonergan is an economist and hedge-fund manager. His work on contemporary political issues has been published in Foreign Affairs, the Financial Times, and the Economist.

Mark Blyth is director of the Rhodes Center for International Economics and Finance at Brown University, where he teaches international political economy. He is also the author of the best-selling book Austerity: The History of a Dangerous Idea.

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Private Government (2017) boldly asserts a provocative thesis: most modern companies are run more like communist dictatorships than the “free enterprises” their often libertarian-minded owners, managers, and defenders believe them to be. Drawing on a wide range of ideas, facts, and data from economics, political philosophy, and history, Private Government backs this thesis up with a strong, compelling argument that’s well worth reckoning with.

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Elizabeth Anderson is a professor of philosophy and women’s studies at the University of Michigan. Her research encompasses a broad range of topics within political philosophy, ethics, and feminist theory, including egalitarianism, democracy, and market society. Her previous books include Value in Ethics and Economics and The Imperative of Integration, which won the American Philosophical Association's 2011 Joseph B. Gittler Award, for providing “an outstanding scholarly contribution in the field of the philosophy of one or more of the social sciences.”

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The Deficit Myth (2020) lays out the basic tenets of Modern Monetary Theory. This unconventional approach to economics asks us to reexamine how we think about budgets, scarcity, and even money itself.

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Stephanie Kelton is a writer, political advisor, and professor of economics and public policy at the State University of New York at Stony Brook. She served as the chief economist for the US Senate Budget Committee and has written for the New York Times, the Washington Post, and the Los Angeles Times.

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Talking to My Daughter About the Economy (2018) is a lucid and accessible account of our current economic system. This engaging primer explains what economics is, what it does, and why it became such a force in our everyday lives.

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Yanis Varoufakis is a world-renowned economist and political activist. He holds a Phd in economics from the University of Essex but is best known for founding the left-wing party Syriza and serving as Greece’s Minister of Finance.

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Good Economics for Hard Times (2019) unflinchingly examines some of the most seemingly intractable problems we’re confronting today. Abhijit V. Banerjee and Esther Duflo argue that economics can provide new perspectives on how to solve climate change without hurting the poor, and also tackle social problems caused by rising inequality, global trade, and fear of immigration.

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Abhijit V. Banerjee and Esther Duflo won the 2019 Nobel Prize for Economics in recognition of their contributions to the field of development economics. Their previous book Poor Economics was a pioneering investigation of what it means to be poor, and how to provide the most effective aid to struggling communities. They are both professors at MIT, and have received numerous academic honors and prizes.

","buyOnAmazonUrl":"/en/books-purchase/good-economics-for-hard-times-en","author":"Abhijit V. Banerjee and Esther Duflo","truncatedAuthor":"Abhijit V. Banerjee and...","sourceAuthor":"Abhijit V. Banerjee and Esther Duflo","url":"https://www.blinkist.com/en/books/good-economics-for-hard-times-en","browseUrl":"/en/app/books/good-economics-for-hard-times-en","previewUrl":"/en/books/good-economics-for-hard-times-en","readUrl":"https://www.blinkist.com/en/nc/reader/good-economics-for-hard-times-en","playUrl":"https://www.blinkist.com/en/nc/reader/good-economics-for-hard-times-en?play=1","readingDuration":30,"minutesToRead":30,"publishedAt":"2020-03-19T00:00:00.000+00:00","isAudio":true,"readCount":"23k","image":{"default":{"src":"https://images.blinkist.io/images/books/5e70d4306cee070006c42c32/1_1/470.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5e70d4306cee070006c42c32/1_1/640.jpg"}},"sources":[{"media":"xs","src":"https://images.blinkist.io/images/books/5e70d4306cee070006c42c32/1_1/470.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5e70d4306cee070006c42c32/1_1/640.jpg"}},{"media":"s","src":"https://images.blinkist.io/images/books/5e70d4306cee070006c42c32/1_1/640.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5e70d4306cee070006c42c32/1_1/1080.jpg"}},{"media":"m","src":"https://images.blinkist.io/images/books/5e70d4306cee070006c42c32/1_1/250.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5e70d4306cee070006c42c32/1_1/470.jpg"}}]},"audioUrl":null,"chaptersLength":11,"hasAudio":true,"language":"en","freeDaily":null,"isFree":false,"category":{"title":"Economics","sprite":"economics","slug":"economics-en"},"averageRating":4.2,"totalRatings":166,"categories":[{"id":"50efb867e4b0746ff368a308","url":"/en/content/categories/economics-en","sprite":"economics","slug":"economics-en","title":"Economics","subtitle":"Financial markets, big pharma, and bank robbers—oh my! Get the scoop on what’s up with the economy."}]},{"id":"5d88a0ff6cee070007d55f52","kind":"book","slug":"the-future-of-capitalism-en","title":"The Future of Capitalism","subtitle":"Facing the New Anxieties","subtitleHtmlSafe":"Facing the New Anxieties","aboutTheBook":"

The Future of Capitalism (2018) offers a candid analysis of capitalism that calls for a return to communitarian ethics to mend rifts between families, communities and nations. Diagnosing the failings of modern liberalism, Paul Collier proposes the reintroduction into economic thinking of ethical concerns. He also suggests pragmatic policies that might forge a capitalism that works for everyone.

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Paul Collier is a world-renowned economist and author of the award-winning The Bottom Billion (2007). Formerly director of development research at the World Bank, Collier is professor of economics and director of the Center for the Study of African Economies at Oxford University.

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Capitalism and Freedom (1962) is one of the most influential discussions of the relationship between economic and political freedom to have ever been put to paper. Written at the height of the Cold War between Soviet socialism and Western capitalism, Milton Friedman argues that only free markets can guarantee liberty. His theory remains every bit as relevant and thought-provoking today as when it was first published.

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Milton Friedman (1912-2006) studied mathematics and economics at Rutgers University during the Great Depression before taking up a position at the University of Chicago in 1946. Over the following three decades, he established himself as one of the world’s most vocal champions of the free market. His work was a major influence on Margaret Thatcher and Ronald Reagan’s governments. Friedman won the Nobel Memorial Prize in 1976 and is regarded as one of the most important economists of the twentieth century.

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Capitalism (2015) chronicles the history of the dominant socioeconomic system that society runs on today. From its humble beginnings in medieval Europe to its present global dominance, capitalism’s history is marked by its dynamic – and sometimes unstable – nature. Nevertheless, its influence on how society has developed over the last 200 years is paramount to understanding the modern human condition.

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James Fulcher is a fellow at the University of Leicester, where he teaches sociology. Aside from Capitalism, he also co-authored Oxford University Press’ Sociology textbook, now in its fourth edition.

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Edge of Chaos (2018) examines the key challenges that liberal democracies around the world are facing today. Aging populations, limited resources and increasing debt are all threats to these countries’ economic well-being – but so too are the “remedies” of short-term policies and protectionism. Author Dambisa Moyo examines that misguided agenda and presents a radical blueprint for economic growth in the twenty-first century.

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Dambisa Moyo is an internationally renowned economist and author whose career has included posts at the World Bank and Goldman Sachs. Her macroeconomic analyses have landed her on the New York Times best-selling books list four times. Her books include Dead Aid (2009), How the West Was Lost (2011) and Winner Take All (2012). In 2009, she was recognized as a World Economic Forum Young Global Leader, listed in TIME’s 100 most influential people in the world and named as one of “20 remarkable visionaries” by Oprah Winfrey.

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Capitalism Without Capital (2017) is an account of the growing importance of the intangible economy. Today, for the first time, most developed economies are investing less in tangible, physical assets such as machinery and factories, than in intangible assets such as software, research and development capability. These intangibles are hugely valuable but do not exist in physical form. The blinks ahead explore the nature of this trend, as well as its effects on business, the economy and public policy.

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Jonathan Haskel, a member of the Monetary Policy Committee of the Bank of England, is an economics professor at London’s Imperial College Business School. Stian Westlake, formerly the head of science-and-innovation think tank NESTA, currently serves as advisor to the UK government’s minister for universities, science, research and innovation.

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Doughnut Economics (2017) is a call to arms for a fresh approach to economics. As inequality soars and environmental crisis looms, the book’s central question has never seemed more relevant. How can we build a just economic system that allows us to thrive while preserving the planet? A good place to start, Kate Raworth suggests, is to do away with the old myths that have shaped economic thinking for so long. Zeroing in on the doughnut-shaped “sweet spot” in which our needs can be sustainably met, this is a thought-provoking read which might just help save the world.

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Kate Raworth is a senior visiting research associate at the University of Oxford’s Environmental Change Institute. A self-declared renegade in the economics profession, Raworth’s work is focused on social, economic and environmental sustainability in the twenty-first century. Named by the Guardian newspaper as one of the top ten tweeters in her field, she has presented her ideas to everyone from the UN General Assembly to the Occupy movement.

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Jean Tirole’s Economics for the Common Good (2017) is a wide-ranging look at the contemporary economy, packed with plenty of insights into the theory and practice of modern-day economics. Deconstructing the supposed opposition of state and market, Tirole explores their many interconnections in fields ranging from climate change to property rights and the new digital economy.

","aboutTheAuthor":"

Jean Tirole is a renowned French economist and winner of the 2014 Nobel Prize in Economic Sciences. Besides his prize-winning study of the regulation of utilities, Tirole has authored numerous books including The Theory of Corporate Finance, Financial Crises and The International Monetary System.

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Investing With Impact (2015) explores how people have harnessed the power of capitalism to do good and improve society at large. As a number of ethical and philanthropic investors have shown, finance needn’t be a system of pure greed. Find out why the frequently demonized capitalist system may well be the secret to saving the world.

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Jeremy K. Balkin, an esteemed leader on the subject of ethical banking and finance, is often described as the “Anti-Wolf of Wall Street.” A valued speaker, Balkin has given presentations at the United Nations and the World Economic Forum. His TED talk on ethical banking has been viewed over a quarter of a million times.

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