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Shutdown (2021) explores the unprecedented shock COVID-19 dealt the world economy. The story begins with the revelation of the disease in January 2020 by Chinese President Xi Jinping and ends precisely a year later with the inauguration of US President Joe Biden, and through this history, Shutdown shows how markets and governments reeled from the blow, how they regained their footing, and what we might learn for the next worldwide crisis.

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Alan Tooze is a professor of economic history at Columbia University and the author of numerous award-winning books, including The Wages of Destruction, a history of the Nazi economy, Deluge, which traces the fallout of the First World War, and Crashed, an autopsy of the Great Recession.

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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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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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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 Psychology of Money (2020) looks at the way money works in the real world. Financial decisions are rarely driven by the theories of economists and the neat spreadsheets of accountants. Instead, a myriad of factors, from personal history to pride and even envy, shape our decision-making. The results are often surprising – and always fascinating.

","aboutTheAuthor":"

Morgan Housel is a partner at the Collaborative Fund and a financial journalist who has written for the Motley Fool and the Wall Street Journal. Based in Seattle, he has won multiple awards for his writing, including the New York Times Sidney Award and the Best in Business Award from the Society of American Business Editors and Writers.

","buyOnAmazonUrl":"/en/books/the-psychology-of-money-en/purchase","author":"Morgan Housel","truncatedAuthor":"Morgan Housel","sourceAuthor":"Morgan Housel","url":"https://www.blinkist.com/en/books/the-psychology-of-money-en","browseUrl":"/en/nc/browse/books/the-psychology-of-money-en","previewUrl":"/en/books/the-psychology-of-money-en","readUrl":"/en/nc/reader/the-psychology-of-money-en","playUrl":"/en/nc/reader/the-psychology-of-money-en?play=1","readingDuration":22,"minutesToRead":22,"isAudio":true,"readCount":null,"image":{"default":{"src":"https://images.blinkist.io/images/books/60140e9d6cee070007f4833a/1_1/470.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/60140e9d6cee070007f4833a/1_1/640.jpg"}},"sources":[{"media":"xs","src":"https://images.blinkist.io/images/books/60140e9d6cee070007f4833a/1_1/470.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/60140e9d6cee070007f4833a/1_1/640.jpg"}},{"media":"s","src":"https://images.blinkist.io/images/books/60140e9d6cee070007f4833a/1_1/640.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/60140e9d6cee070007f4833a/1_1/1080.jpg"}},{"media":"m","src":"https://images.blinkist.io/images/books/60140e9d6cee070007f4833a/1_1/250.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/60140e9d6cee070007f4833a/1_1/470.jpg"}}]},"audioUrl":null,"chaptersLength":8,"hasAudio":true,"language":"en","freeDaily":null,"isFree":false,"category":{"title":"Psychology","sprite":"psychology","slug":"psychology-en"},"averageRating":4.4,"totalRatings":642,"categories":[{"id":"547890366439320008360000","url":"/en/content/categories/psychology-en","sprite":"psychology","slug":"psychology-en","title":"Psychology","subtitle":"The human mind and brain are the most complex structures on our planet. We'll present you expert knowledge and scientific research to help you get a grasp on them."},{"id":"54788fef6439320008240000","url":"/en/content/categories/money-and-investments-en","sprite":"money-and-investments","slug":"money-and-investments-en","title":"Money & Investments","subtitle":"You work hard for your money, right? Let the experts show you how to make it work hard for you."}]},{"id":"5fca017a6cee07000677d0f6","kind":"book","slug":"licence-to-be-bad-en","title":"Licence to be Bad","subtitle":"How Economics Corrupted Us","subtitleHtmlSafe":"How Economics Corrupted Us","aboutTheBook":"

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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Evil Geniuses (2020) describes the rise of the economic right after the 1960s and the consequences of their policies today. From Milton Friedman to Ronald Reagan, it looks at the significance of some of the right’s central figures while also sketching a broader narrative that explains how the US has ended up as it has today.

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Kurt Andersen is a journalist, novelist, and radio host. He’s the author of Fantasyland: How America Went Haywire: A 500-Year History, which was a New York Times best seller. He’s also the author of the critically acclaimed novels True Believers, Heyday, and Turn of the Century.

","buyOnAmazonUrl":"/en/books/evil-geniuses-en/purchase","author":"Kurt Andersen","truncatedAuthor":"Kurt Andersen","sourceAuthor":"Kurt Andersen","url":"https://www.blinkist.com/en/books/evil-geniuses-en","browseUrl":"/en/nc/browse/books/evil-geniuses-en","previewUrl":"/en/books/evil-geniuses-en","readUrl":"/en/nc/reader/evil-geniuses-en","playUrl":"/en/nc/reader/evil-geniuses-en?play=1","readingDuration":26,"minutesToRead":26,"isAudio":true,"readCount":null,"image":{"default":{"src":"https://images.blinkist.io/images/books/5f92a1846cee070007038e4a/1_1/470.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5f92a1846cee070007038e4a/1_1/640.jpg"}},"sources":[{"media":"xs","src":"https://images.blinkist.io/images/books/5f92a1846cee070007038e4a/1_1/470.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5f92a1846cee070007038e4a/1_1/640.jpg"}},{"media":"s","src":"https://images.blinkist.io/images/books/5f92a1846cee070007038e4a/1_1/640.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5f92a1846cee070007038e4a/1_1/1080.jpg"}},{"media":"m","src":"https://images.blinkist.io/images/books/5f92a1846cee070007038e4a/1_1/250.jpg","srcset":{"2x":"https://images.blinkist.io/images/books/5f92a1846cee070007038e4a/1_1/470.jpg"}}]},"audioUrl":null,"chaptersLength":8,"hasAudio":true,"language":"en","freeDaily":null,"isFree":false,"category":{"title":"History","sprite":"biography-and-history","slug":"biography-and-history-en"},"averageRating":3.9,"totalRatings":122,"categories":[{"id":"5478901464393200082d0000","url":"/en/content/categories/biography-and-history-en","sprite":"biography-and-history","slug":"biography-and-history-en","title":"History","subtitle":"Delve into the entire history of humankind: From the fall of the Ottoman Empire to the creation of the printing press to reports on Sierra Leone's civil war — we'll feed your hungry history brain."},{"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":"5f6905f26cee070006a72ce2","kind":"book","slug":"angrynomics-en","title":"Angrynomics","subtitle":"How we can rearrange our economies to produce more equality and less anger","subtitleHtmlSafe":"How we can rearrange our economies to produce more equality and less anger","aboutTheBook":"

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.

","aboutTheAuthor":"

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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