This is a list of suggested economics reading which will help give a better understanding of the subject. It includes quite a range of perspectives from the ‘debunking of economics and free markets’ to Milton Friedman’s passionate defence of the free market. Whatever their perspective they all can add to our understanding.
|50 Economics Ideas: You Really Need to Know – Edmund ConwayA good basic guide to 50 key economic concepts such as inflation, balance of payments, unemployment. Separate chapters help to break down the material.
|The Return of Depression Economics and Crisis of 2008– Paul KrugmanPaul Krugman has been one of most prolific commentators on economics. His insights into liquidity traps and Keynesian economics have stood up well against recent events.|
|Crisis Economics: A Crash Courseby Nouriel RoubiniA look at why crisis repeatedly occur in Capitalism and what can be done to prevent them occurring again.|
|Keynes – The Return of the Masterby Robert SkidelskyThe great recession of 2008-2011 has seen a resurgence of interest in the teaching of J.M.Keynes who advocated government intervention to overcome recession and high unemployment. A good background to this essential branch of economics.
|Capitalism and Freedom by Milton FriedmanMilton Friedman provides the classic defence of free markets, capitalism and libertarian economics. One of most controversial economists but very lucid and entertaining writer.|
|The Worldly Philosophersby Robert L HeilbronerA brief overview of all main thinkers who have contributed to the science of economics – from Karl Marx to Milton Friedman and Adam Smith.|
|Whoops!: Why everyone owes everyone and no one can payJohn LanchesterA look at why we are in so much debt and the prospects we face.|
|Who Runs Britain?: And Who’s to Blame for the Economic Mess We’re in– Robert PestonRobert Peston rose to prominence during the Northern Rock bailout. He is one of the most passionate and keenest writers on the state of Britain and the financial crisis.|
|Economics in One LessonH Hazlitt (Author)A primer to the key concepts in economics. Written from very much a free market perspective.|
|Debunking Economics The Naked Emperor Dethroned?by Steve KeenIn the light of recent events, this shows the failings of economic theory.|
|Economics for Everyone: A Short Guide to the Economics of Capitalism [Paperback]
Jim Stanford (Author)Another critique of capitalism and free market economics.
|Economics For Dummieshelps you see how your personal financial picture is influenced by the larger economic picture.
|Naked Economics by Charles Wheelen.Look at things such as, why the Fed raises interest rates. Making economics applicable to everyday life. General interest, little theory.|
|Basic Economics by Thomas SowellA look at how societies create and distribute wealth.
|Essentials of Economics by Paul Krugman, Robin Wells and M.Olney.A good and very comprehensive theoretical background to economics.|
|Freakononomics by Steven D.Levitt and S. Dubner.Very popular best selling book, which has helped to make economics cool. Looking at the principles of economics in everyday life.|