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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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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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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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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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The Value of Everything (2018) presents an argument for redefining value in the economy so that we can better understand who really creates value, and who extracts it.

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Mariana Mazzucato is a professor at University College London in the Economics of Innovation and Public Value. At UCL, she also founded and directs the Institute for Innovation and Public Purpose. She also wrote the award-winning book The Entrepreneurial State.

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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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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 AI Economy tackles the most pressing economic questions surrounding the rise of Artificial Intelligence. How will the development and spread of smart machines’ age affect our jobs, wages and work hours? How will it impact investment, interest rates and inequality? Acclaimed economist Roger Bootle applies his knowledge of history, technology and macroeconomics to investigate how the fourth industrial revolution will transform the global economy.

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Roger Bootle is a British economist and columnist for The Daily Telegraph. He founded the macroeconomic research consultancy Capital Economics and has written multiple influential economy books, among them The Death of Inflation (1998) and The Trouble with Europe (2014).

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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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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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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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Socialism (2005) is a dash through the history of the term after which the book is named. Socialism has played an important role over the past 200 years of human history, but its original goal of achieving an egalitarian society has, in recent decades, been somewhat forgotten. This book is a thorough tour of socialism’s history. It’s also an exploration of the various ways the word has been implemented and a guide to ways we might use it in the future.

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Michael Newman is a professor of politics at London Metropolitan University. His other books include Ralph Miliband and the Politics of the New Left and Democracy, Sovereignty and the European Union.

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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.

","buyOnAmazonUrl":"/en/books/edge-of-chaos-en/purchase","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":"/en/nc/reader/edge-of-chaos-en","playUrl":"/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":"Politics","sprite":"politics-and-society","slug":"politics-and-society-en"},"averageRating":3.9,"totalRatings":38,"categories":[{"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":"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":"5bbcd6c56cee070007978a6e","kind":"book","slug":"capitalism-without-capital-en","title":"Capitalism Without Capital","subtitle":"The Rise of the Intangible Economy","subtitleHtmlSafe":"The Rise of the Intangible Economy","aboutTheBook":"

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.

","aboutTheAuthor":"

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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