The Best Economic Books 2019
Our spare time is limited, which means we should be sensible when it comes to making decisions – even decisions that seem unimportant such as choosing the books we dedicate our time to. The odds are that you already acknowledge this, which is how you ended up looking for the best economic books out there.
We strongly believe that our list of books will inspire you to make the right reading choices so that you maximize the time you have at your disposal.
David A. Mayer: The Everything Economics Book
It comes as no surprise that economics is a difficult topic. Not only that it is intellectually challenging, but it is difficult to grasp, mainly because it is continually changing. The postmodern world is actually characterized by a sense of liquidity and instability, which applies to the realm of economics, as well.
This is what makes this book an excellent introduction to an otherwise difficult topic. Of course, we’re not saying that this aims at clarifying all your questions on the topic. Nevertheless, it does a decent job at introducing you to the topic.
On top of that, the easy-to-understand format is definitely a draw, making it accessible to a wide range of readers.
To that end, if you’re relatively new to the economic theory and practice and you’re looking for the best economic books right now, this one is worthy of your attention.
Also, this aims at explaining the way in which the government functions, from a financial point of view, of course.
Alfred Mill: Economics 101 - From Consumer Behavior to Competitive Markets – Everything You Need to Know about Economics
When it comes to economics books, they tend to be quite tedious and difficult to understand.
This is primarily why many people might refrain from reading this genre.
Still, that isn’t the case for this book, which is concise, easy to understand and filled with hands-on-lessons.
The narrative is compelling and engaging, focusing primarily on the way in which the topic of economics is connected with our daily lives.
With that in mind, if you want to expand your understanding of the way in which economics works, or to grasp the meaning of its core principles, this book should be on your to-read list.
Thomas Sowell: Discrimination and Disparities
Moving on to our next recommendation of book – Discrimination and Disparities is far from being a typical book on economics, as you can probably guess from its title.
It aims at analyzing economics from a different perspective, providing empirical evidence, in an attempt to explain the way in which economics works in different scenarios.
However, one thing worth mentioning is that Discrimination and Disparities doesn’t offer a fixed solution to a given issue or anything of the kind.
Nonetheless, it outlines how distinct phenomena can be explained through aspects such as exploitation, genetics or discrimination.
When you put all these concepts together, it is difficult to point out a connection between them – isn’t it?
However, this book does this successfully, while being an accessible read.
Tip: Also make sure to read our comprehensive list of the best value investing books of all times.
With that said, if you’re interested in economics, or you’re considering enriching your comprehension of this compelling field, this book is a good read. It includes essential facts backed up by scientific research.
Charles Eisenstein: Sacred Economics – Money, Gift, and Society in the Age of Transition
Sacred Economics incorporates a comprehensive history of money, from the very beginning until the current age of capitalism. It aims at disclosing the way in which the money system has inevitably altered the development of the society, triggering a sense of endless growth.
At their origin, these trends were entirely negative. Still, right now, they have reached an extreme, which is what is analyzed in detail in the book.
Without a doubt, if you’re on the lookout for the best economic books, this is a must-read.
For one thing, the book aims at explaining the way in which the money system is expected to change.
In essence, we could say that Sacred Economics introduces essential concepts on the topic of New Economics.
Specifically in regards with local currencies, negative-interest currencies, resource-based economics, as well as the restoration of the commons.
As you can see, this book is anything but conventional, which is one of the things that make it a great read.
A bit of warning though: this book will challenge you to think. So, get ready for that.
Richard Koch: Simplify - How the Best Businesses in The World Succeed
So, what is this book all about? What makes it worthy of your attention? Why did we consider adding it on our list of the best economic books at the time being?
To start with, this book focuses on the characteristics that make one a successful leader.
At the same time, it concentrates on distinguishing between a successful and less successful business, and what makes each.
The world of economics is compelling, especially because everything is changing as such a fast pace.
It is difficult to keep up, meaning that you should always be alert and aware of the changes that are taking place in your proximity.
But how is it that successful businesses manage to innovate considering this competitive realm?
This is the question that this book aims at answering, being written by a successful entrepreneur who is renowned for his risk-taking endeavors. To that end, the author utilizes real-life case studies, so that the information is easier to grasp.
The idea of simplification is presented, as being the key to successful entrepreneurship.
It’s also worth mentioning that the language used is straightforward, which makes it accessible for a wide range of audiences – even the less experienced reader.
Justin Fox: The Myth of the Rational Market - A History of Risk, Reward and Delusion on Wall Street
Our list of the best economic books continues with this particular edition by Justin Fox.
This is one of the many books that explain the way in which economics works while focusing on the topic of financial crisis.
At the same time, this book describes the way in which the most influential investing approaches have been developed, and how they’ve come to be widely used till this day.
To that end, we would have to say that this is a good read, especially for economic theorists and investors.
That’s because it outlines the unpredictability of the economics world, pointing out that there are ups and downs that are pretty much inevitable. Concurrently, the book indicates the way in which human error plays its part in the evolution of economics, whether we acknowledge that or not.
Thomas Sowell: Basic Economics
While this isn’t necessarily a new book, this doesn’t mean you should dismiss it. It remains a good read, including numerous valuable concepts and guidelines on the topic of economics.
Therefore, if you are worried about the jargon and equations that are associated with this topic, this book will definitely be down your alley, as it presents a simplified explanation of economics.
Hence, Thomas Sowell concentrates primarily on introducing and explaining some of the key concepts that lay at the core of distinct economic systems.
In fact, the fifth edition of this book also explains the reasons why the discrepancies between the economic wealth of distinct countries is too large.
So, this is a book that is written expressly to address the questions of the general public, being filled with real-life examples. This is what makes it so valuable.
Once you familiarize yourself with the concepts presented by the author, you will inevitably embrace a more critical mindset regarding economics and the way in which it is impacting the world at every step.
Every aspiring economist should read this book – that’s for sure.
Benjamin Graham: The Intelligent Investor - The Definitive Book on Value Investing. A Book of Practical Counsel
This is our final suggestion when it comes to the best economic books out there.
Graham’s strategies have been proven to be some of the most dependable ones in the industry, which is why they are worthy of your attention.
This book actually has maintained the integrity of the original text, as it is a revised edition, including comments and guidelines by journalist Jason Zweig.
To that end, the commentaries aim at bringing Graham’s work into a new light, so that we understand the economic realm on a deeper, more comprehensive level.
There are, of course, many examples that make the text easier to grasp.
Best Economic Books: Conclusion
To sum up, we hope that you’ve found our top of the best economic books inspiring. Which of the titles mentioned appeals to you the most? Also, make sure you check some of our other articles in this category, such as the ones introducing the best finance books or the best business books.