Best Economics Books
The 2007/8 credit crunch, crash and recession has stirred up my interest in economics.
My Interest In Economics
I’d been employed through the recessions in1981/81 and 1990/91 and was shocked how severe the effects could be on cyclical companies and especially those trapped in Jay Forrester’s “Beer Game” where changes are exaggerated back along the supply chain.
However the benign conditions since then, with low inflation, reasonable employment and steady economic growth – all based on easy, cheap money and an explosion of debt.
Worries about how to invest for the future and a memories of my university days where I have a BA In Economics and Accounting had me questioning Keynesian economics.
I’ve also become very aware of the conundrum involved the endless pursuit of economic growth in a world with physical constraints where concepts like “peak oil” could cause fairly sudden shocks. Add to that the environmental issues that say we can’t use all the fossil fuels we’ve found anyway without causing massive problems.
Then we have the massive public and private debts along with a pensions crisis as the demographics move against us.
It becomes very difficult to see how the future can be a today plus average trend growth.
It’s ironic to think I’m much better read now then when I was at university.
The Best Economics Books I’ve Read
You will only see the books I’ve rated at Four Stars (meaning good and well worth reading) and Five Stars (excellent and very highly recommended). Reviews of lower rated books appear on Amazon.co.uk but I haven’t brought the reviews across to my own website.
If you read my reviews, you’ll see I try to explain why I like them but also to identify any weaknesses. My job as a reviewer is to help you to find the most appropriate books rather than to help sell more books.
On that note, if you do decide to buy, I’d appreciate it if you could click through to Amazon on my links as (hopefully) I’ll earn a small referral commission.
Some of these books can be very expensive so, if you’re happy with a hard back or paperback book, take a look at the second hand options on Amazon. Personally I only buy if the condition is described as “As New” or “Very Good” unless I’m really keen and forced to drop down to “Good”.
I haven’t separated out books about politics since I feel politics is dominated by economics and the issue of what government expenditure and taxation would work best. Some time in the future, I may have a category for geopolitics as things are getting increasingly strained and this will affect businesses.
Five Stars Economics Books
The End Of Growth: Adapting To Our New Economic Realities by Richard Heinberg
Disequilibrium: A World Out Of Kilter by Thierry Malleret
Four Stars Economics BooksThe Depression of 2016 by Rafael Aguayo
A Banquet of Consequences by Satyajit Das
The New Depression by Richard Duncan
Why We Bite the Invisible Hand by Peter Foster
How To Survive A World Headed For Collapse by Richard Grainger
Demand Side Economics by Alan Harvey
Snake Oil by Richard Heinberg
Prosperity without Growth by Tim Jackson
The End of Alchemy by Mervyn King
Six Global Mega-Trends by Thierry Malleret
Code Red by John Mauldin and Jonathan Tepper
Financial Bull Riding by Roger McKinney
Life After Growth By Tim Morgan
The Death of Money by James Rickards
The Failure of Laissez Faire Capitalism by Paul Craig Roberts
The Spirit Level Delusion by Christopher Snowdon