Economics & Money
The General Theory of Employment, Interest and Money
John Maynard Keynes
A groundbreaking work of economics that challenged classical economic theory and laid the foundation for Keynesian economics. Keynes addresses the determinants of employment, interest, and money, arguing that effective demand is the primary factor in determining the level of employment in an economy. This book revolutionized economic thought and continues to be influential in shaping economic policy.
The Haves and the Have-Nots
Branko Milanovic
A fascinating exploration of income and wealth inequality throughout history and in the modern world. Through engaging stories and insightful analysis, this book examines the causes and consequences of inequality within nations, between nations, and on a global scale, offering a fresh perspective on one of the most pressing issues of our time.
The Hidden Wealth of Nations
Gabriel Zucman
An exposé of tax havens and their impact on global wealth inequality and democratic societies. Gabriel Zucman uncovers the hidden mechanisms of offshore finance, revealing the staggering amount of wealth concealed in tax havens and proposing concrete solutions for greater transparency and fairness in international taxation.
The Knockoff Economy
Kal Raustiala
An exploration of industries where copying is rampant yet creativity thrives, challenging the conventional wisdom that intellectual property rights are essential for innovation. The book examines fashion, cuisine, comedy, and other fields to reveal the 'piracy paradox' and how imitation can actually spur innovation.
The Long Tail
Chris Anderson
Discover how the internet age is shifting markets from mass-market hits to niche products and services. Explore the economic and cultural forces behind the Long Tail, and how businesses can thrive by catering to diverse, specialized interests.
The Man Who Knew
Sebastian Mallaby
Explore the prescient insights of Hyman Minsky, an economist who foresaw the inherent instability of financial systems. This book delves into Minsky's life and theories, revealing how his understanding of risk and stability offers crucial lessons for navigating today's complex economic landscape.
The Myth of American Inequality
Phil Gramm
An examination of how official statistical measures understate America's well-being and distort the perception of income inequality. The authors argue that by not counting all transfer payments as income and by using inaccurate price indexes, government statistics paint a misleading picture of economic stagnation and inequality. They present an alternative analysis using available data to provide a more complete and accurate view of American prosperity.
The Only Game in Town
Mohamed A. El-Erian
An insightful analysis of the role of central banks in the global economy, exploring their increasing influence and the potential risks associated with their unconventional policies. The book examines the challenges facing the global economy and offers actionable frameworks for navigating an uncertain future.