You should know about your economy. How did your economy work? and how the world works and functions.
You can understand by ready the best books on the economy and we try to mention the best books out there to understand the economy.
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The Wealth of Nations By Adam Smith
If you want to a single book about the economy then you should read this book. It has fundamental text that can provide a deeper sense of the world of the economy. If you want to explore more then make Adam smith your friend.
Adam Smith was a Scottish economist who was pioneered thinking about economics and called as “Father of Economics”.
Basic Economics: A Common Sense Guide to the Economy
To start out you should read the basics and here is one of the books about the basics of economics. You should start with that to understand, how the world is going.
Freakonomics: A Rogue Economist Explores the Hidden Side of Everything By Steven D. Levitt and Stephen J. Dubner
Freakonomics was a book by University of Chicago economist steven Levitt and journalist Stephen J Dubner describing in the book about pop culture and economy.
After the book’s huge success, they went on to produce a radio show with this name with other shows including Freakonomics, M.D. with host Dr. Bapu Jena, No Stupid questions, and People I (Mostly) Admire.
Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics By Henry Hazlitt
Henry Hazlitt Offered an essential guide to understanding the world of economics. According to this author, the economy is reduced to a single lesson and you can learn about the economy only by reading one lesson.
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty By Abhijit V. Banerjee and Esther Duflo
Poor economy book reports the effective solution to global poverty using an evidence-based approach. Both the authors are professors of economics at MIT and talked about the solution to poverty and tell us how the poor thinks and decisions in different areas of their life like education, savings, health, and other issues.
Economix: How Our Economy Works (and Doesn’t Work) By Michael Goodwin
Economix is a graphic novel that explains the economy in a single and playful manner. It is one of the best books to learn about economics.
Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail Ray Dalio
Ray Dalio is the legendary investor and author of a best-selling book that talks about the changing order of the world in this book and how you can deal with it. This book reveals the history’s economy to learn about the experiences we had in our lifetimes. This is also the best book to read.
Naked Economics: Undressing the Dismal Science By Charles Wheelan
Naked Economics is a book by Charles Wheelan that describes the basic economics that normal people can understand and easily grasp the knowledge about today’s economic conditions. It has talked about more serious topics like America’s rising debt. income inequality and other topics.
The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy By Stephanie Kelton
The Deficit Myth book was written by economist Stephanie Kelton and tells us about the understanding of govt. spending and budget deficits. Kelton coined a theory called “Modern Monetary Theory (MMT)”, which tells us how Govt. can issue its own currency to meet its financial needs with any raise in taxes.
Why Nations Fail: The Origins of Power, Prosperity, and Poverty By Daron Acemoglu and James A. Robinson
In this book, the author tells us about what are the factors that some nations are wealthy and others are poor. This book provides examples of how some Nations build their wealth and other fails. The book provides a bird-eye view of a nation’s wealth, economy, and other challenging factors.
Misbehaving: The Making of Behavioral Economics By Richard H. Thaler
The book Misbehaving tells us about the behavioral economy and the psychology of human behavior that led to the world’s economic condition. This book tells how people’s decisions and influence over their emotions lead the financial markets with examples from different fields.
Talking to My Daughter About the Economy: or, How Capitalism Works–and How It Fails By Yanis Varoufakis
Economist Yanis Varoufakis, the author of the book makes an easy-to-read and friendly introduction to the economist and how capitalism works. Written in the format of a conversation with his daughter, Yanis explains a lot of concepts like inflation, capitalism, market, and values in the market.
Good Economics for Hard Times: Better Answers to Our Biggest Problems By Abhijit V. Banerjee and Esther Duflo
The author argues in the book, Good economics for hard times, about the economic issues of our time like inequality, poverty, and unemployment.
Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist By Kete Raworth
The author of the book talks about a new framework for understanding the economy and how it has an impact on different societies and environments. The author proposes a model called “doughnut”, that focuses on economic and societal growth.
The Origin of Financial Crises: Central Banks, Credit Bubbles, and the Efficient Market Fallacy By George Cooper
In this book, the economist George Cooper describes the cause and effect of financial crises and how these crises happen over time. This book provides a historical perspective on financial crises by examining different events in history like the housing market crash, the 2008 stock market crash, and more.
The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else By Hernando De Soto
The book talks about the success of capitalism in the west and how other counties failed to make that kind of success like the west. The author takes different countries’ legal and bureaucratic systems and examined the developing counties to know what made the west succeed in capitalism.
The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society By Binyamin Appelbaum
The Economist’s Hour tells us about the impact of economics on society and how a small group of economists changes economic policies and decision-making in general in the world.
The Great Depression: A Diary By Benjamin Ruth
Who didn’t know about the great depression, and the stock market crash? Many went bankrupt, people lost their jobs, and a loss in the American economy.
There you can learn about how the market works and the effect of the economic crisis on people’s life. This has the best example of understanding the economy.
Here are other best books: