In the Footsteps of Marx and Friedman: Ranking the Best Economics Books for Students

Good books are the best way to understand the basics of economics, its key processes, and its relationship to politics. You can learn a lot of useful information about business, finance, and management by reading the literature. And so that you can add to your luggage really useful knowledge, we have selected some of the most interesting and effective publications which have received worldwide recognition. Experts from accounting homework help choose the rating of the best books on the economics of 2021.

Another book on state economics. In his work, Sharma collected 10 principles for evaluating the economic development of any state. He suggests relying on factors such as population growth and loss, inflation, GDP, and other indicators of the state's fortunes to assess its prospects.

Joel Mokir looks at technological progress as the main condition for economic development. An excursion into history from antiquity to the present day awaits you. The author believes that economic growth requires innovation in all areas of human activity, and gives illustrative examples of his point of view.

This work, by contrast, looks at serious economic processes as a result of human behavior and thinking. It describes how formal structures can influence serious events such as global crises and recessions. According to the book's authors, many economic processes can easily be explained by the irrational behavior of people and, as a consequence, markets.

Lewis is another author who considers individuals to be the cause of serious economic processes. He describes how individuals engaged in economic activity were able to create new financial instruments. With "The Down Game," you can understand global financial processes even without education.

It is no accident that Mervyn King wrote an entire book about the failure of the modern banking system. He worked for a long time as a Governor of the Bank of England and saw for himself all the problems of the system. In "The End of Alchemy" he described how the modern banking business model is dangerous for the market economy, what are the risks, and possible solutions to the situation.

Nassim Taleb was the first to articulate an important problem: many phenomena around us are completely random and do not depend on anything. But people in many areas try to explain random events with some theories, logic, systems, and even conspiracies. The author argues that it is far from always necessary to look for a cause-and-effect relationship, including in global state economic processes.

Speaking of random events and irrationality, it is impossible not to mention Richard Thaler's book. It has become a real encyclopedia of behavioral economics, which explains the unpredictable behavior of people. Thaler developed an entire theory about creating "rational choices" and pushing people to make good and rational choices.

Paul Mason's book concludes the top 15 economic publications. He explains with examples how the capitalist system of the world economy has changed. In his view, these days the usual economic model can no longer adequately adapt to the new challenges. He cites a post-capitalist system with unlimited access to information and technological progress as the only economic system working today. In the book, he analyzes recent economic crises and suggests ways to transition to a new economic model.