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Slouching Towards Utopia (2022) examines the “long century” between 1870 and 2010, during which technological progress, globalization, and the advent of social democracy opened a new horizon of human progress. Barring the horror years of World Wars I and II, humanity seemed to be on a slow, uneven crawl toward utopia. But in 2010, the tables turned. Economic progress in the Global North ground to a halt.

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James Bradford DeLong is a professor of economics at UC Berkeley. Under the Clinton Administration, he was deputy assistant secretary of the US Treasury, working on the federal budget as well as trade agreements such as the Uruguay Round and NAFTA. His previous books include The End of Influence and Concrete Economics.

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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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Noise (2021) is an exploration into the chaotic and costly role that randomness plays in human judgment. By uncovering the mechanisms behind how our minds and societies work, the authors show how noise – unwanted variability in decisions – is both inescapable and elusive. We can, however, with a few solid strategies, make our judgments less noisy and our world fairer.

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Daniel Kahneman is an economist and psychologist and the author of the groundbreaking Thinking, Fast and Slow. Kahneman’s work earned him a Nobel Prize in Economics in 2002 and the Presidential Medal of Freedom in 2013. He’s currently a professor emeritus at Princeton University.

Cass R. Sunstein is a legal scholar and the author and coauthor of several books including Nudge which he coauthored with Richard Thaler. Sunstein served as a top administrator in the Obama White House and is the founder and director of the Program on Behavioral Economics and Public Policy at Harvard University.

Olivier Sibony is a fellow at Oxford University, a former senior partner at McKinsey & Company, and the author of You’re About to Make a Terrible Mistake!

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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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Open (2020) traces the progress of ancient and modern human accomplishments, and reveals that behind all of our major advancements is a policy of openness, tolerance, and free trade. You’ll see how, from the Phoenicians to the Dutch East India Trading Company, the free flow of commerce and ideas has led to wealth, innovation, and problem-solving that would have never been possible otherwise.

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Johan Norberg is a best-selling Swedish author and lecturer, and a senior fellow at Washington D.C.’s Cato Institute. He is also a regular contributor to the Wall Street Journal and HuffPost. His books include Progress: Ten Reasons to Look Forward to the Future (2016), which was named the Economist’s book of the year.

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The Economists’ Hour (2019) is a compact history of how economists came to dominate our political discourse. This work traces the rise of neoliberal ideology from the 1960s to today.

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Binyamin Appelbaum is the economics and business lead for the New York Times editorial board. His writing has appeared in the Washington Post, the Boston Globe, and the Charlotte Observer and won him a George Polk Award and Pulitzer Prize nomination.

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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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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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Austerity (2019) uses data analysis to look at one of the most controversial topics in economics today. An analysis of several countries’ austerity policies over the past several decades reveals that cutting spending can actually help the economy expand.

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Alberto Alesina was the Nathaniel Ropes Professor of Political Economy at Harvard University. He wrote widely on austerity. Carlo Favero and Francesco Giavazzi are both academics at Bocconi University in Milan.

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Narrative Economics (2019) describes how popular narratives influence the way economies behave. From Bitcoin’s sudden rise to stock-market crashes, Narrative Economics looks beyond the statistics to the collective human stories that drive these events.

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Robert J. Shiller is a Nobel Prize-winning economist and the author of the New York Times best-seller Irrational Exuberance, among many other titles. He is Sterling Professor of Economics at Yale University and a frequent contributor to the New York 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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The New Confessions of an Economic Hit Man (2016) is an insider’s account of imperialism in the modern age. Drawing on the author’s experiences of working behind the scenes to further America’s interests, it sheds light on how the United States uses debt to manipulate and control smaller nations. Twelve years after its first publication in 2004, enough had changed to warrant a second look at how a new generation of Economic Hit Men have been peddling influence abroad – and at home.

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John Perkins was the chief economist at Chas T. Main, a consultancy that advised clients like the World Bank and the US Treasury. After quitting in 1980, he wrote the first draft of what would eventually become Confessions of an Economic Hit Man – a tell-all memoir of the years he spent working as an “Economic Hit Man” in the pay of the American empire.

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Winners Take All (2019) reveals the tricks and strategies used by global elites to justify preserving the status quo. It explores the ways that their endeavors to make the world a better place in fact serve to keep existing injustices and inequalities in place. And it shows how the language of change hides the role of the rich and powerful in causing the very problems they’re aiming to solve.

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Anand Giridharadas is a best-selling writer and journalist. He’s an editor-at-large for Time magazine and has worked as a foreign correspondent and columnist for the New York Times. His writing has been published in the Atlantic, the New Republic, and the New Yorker. He is also the author of The True American and India Calling.

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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.

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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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The Third Pillar (2019) traces the evolving relationship between the three “pillars” of human life – the state, markets and communities – from the medieval period to our own age. Economist Raghuram Rajan argues that, throughout history, societies have struggled to find a sustainable balance between these pillars. Today is no different: caught between uncontrolled markets and a discredited state, communities everywhere are in decline. That, Rajan concludes, is jet fuel for populist movements. But a more balanced kind of social order is possible.

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Raghuram Rajan is an economist and Professor of Finance at the University of Chicago Booth School of Business. He was the Chief Economist and Director of Research at the International Monetary Fund between 2003 and 2006 and the Governor of the Reserve Bank of India between 2013 and 2016. His previous book, Fault Lines: How Fractures Still Threaten the World Economy (2010), won the 2010 Financial Times & Goldman Sachs Business Book of the Year Award.

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Crashed (2018) unpacks the metaphorical seismograph to take the measure of an economic earthquake whose tremors can still be felt today – the 2008 financial crisis. Written with an eye to the global effects of what’s now known as the “Great Recession,” Adam Tooze traces the crash’s shockwaves from their epicenter in the American financial markets to their conclusions in Crimea, London, Athens and other geopolitical hotspots.

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British historian Adam Tooze is a professor and the director of the European Institute at Columbia University, New York. His previous books include the Wolfson History Prize-winning The Wages of Destruction (2006), a study of Nazi Germany’s economic policies, and The Great Deluge (2014), an analysis of the Great War and the creation of a new international order.

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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.

","aboutTheAuthor":"

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.

","buyOnAmazonUrl":"/en/books-purchase/edge-of-chaos-en","author":"Dambisa Moyo","truncatedAuthor":"Dambisa Moyo","sourceAuthor":"Dambisa Moyo","url":"https://www.blinkist.com/en/books/edge-of-chaos-en","browseUrl":"/en/app/books/edge-of-chaos-en","previewUrl":"/en/books/edge-of-chaos-en","readUrl":"https://www.blinkist.com/en/nc/reader/edge-of-chaos-en","playUrl":"https://www.blinkist.com/en/nc/reader/edge-of-chaos-en?play=1","readingDuration":21,"minutesToRead":21,"publishedAt":"2018-10-17T00:00:00.000+00:00","isAudio":true,"readCount":"3.8k","image":{"default":{"src":"https://images.blinkist.io/images/books/5bc46a886cee070007b4c994/1_1/470.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5bc46a886cee070007b4c994/1_1/640.jpg"}},"sources":[{"media":"xs","src":"https://images.blinkist.io/images/books/5bc46a886cee070007b4c994/1_1/470.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5bc46a886cee070007b4c994/1_1/640.jpg"}},{"media":"s","src":"https://images.blinkist.io/images/books/5bc46a886cee070007b4c994/1_1/640.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5bc46a886cee070007b4c994/1_1/1080.jpg"}},{"media":"m","src":"https://images.blinkist.io/images/books/5bc46a886cee070007b4c994/1_1/250.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5bc46a886cee070007b4c994/1_1/470.jpg"}}]},"audioUrl":null,"chaptersLength":7,"hasAudio":true,"language":"en","freeDaily":null,"isFree":false,"category":{"title":"Economics","sprite":"economics","slug":"economics-en"},"averageRating":3.8,"totalRatings":49,"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":"507445d4e4b0c9817ab36591","url":"/en/content/categories/politics-and-society-en","sprite":"politics-and-society","slug":"politics-and-society-en","title":"Politics","subtitle":"Everything you need to know about the different forms of government, as well as current and historical political events—we've got you covered."}]},{"id":"5bb1441a862c430007565f3d","kind":"book","slug":"the-managerial-revolution-en","title":"The Managerial Revolution","subtitle":"What is Happening in the World","subtitleHtmlSafe":"What is Happening in the World","aboutTheBook":"

Drawing on powerful arguments and demonstrating extraordinary insights, in The Managerial Revolution (1941) James Burnham investigates the rise of a new ruling class – the managers – who promised to unseat wealthy capitalists from their prime position in the mid-twentieth-century economy. Although written over seven decades ago, the themes and arguments from this book still resonate in today’s society.

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James Burnham was an American political theorist and philosopher. In later life, he was a prominent public intellectual who regularly contributed to publications such as the National Review.

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