TY  - BOOK
AU  - Butler Tom Bowdon
TI  - 50 Economics Classics: Your Shortcut to the most important ideas on capitalism,finance,and the global economy
SN  - 978-1-529-30370-4
U1  - 330 23
PY  - 2017///
CY  - London
PB  - Nicholas Brealey Publishing
N1  - Introduction 

1. Liaquat Ahamed - Lords of Finance (2009) 
Fixed ideas in economics can have disastrous results
 
2. William Baumol - The Microtheory of Innovative Entrepreneurship (2010)       
Entrepreneurs are the engines of growth and must be valued
                   
3. Gary Becker - Human Capital (1964)     
The most important investment we ever make is in ourselves
 
4. John Bogle - The Little Book of Common Sense Investing (2007)       
The most successful investing strategy is also the easiest
 
5. Eric Brynjolfsson & Andrew McAfee - The Second Machine Age (2014)
Technological revolutions must allow for the advance of everyone
 
6. Ha-Joon Chang - 23 Things They Don’t Tell You About Capitalism (2012)
Many nations succeeded by bucking the rules of orthodox economics
 
7. Diane Coyle - GDP: A Brief But Affectionate History (2014)
How we measure economic output has consequences for people and nations
 
8. Ronald Coase - The Firm, The Market and The Law (1990)
Why firms exist; the role of transaction costs in economic life
 
9. Peter Drucker - Innovation and Entrepreneurship (1985)
Success comes from taking management and ideas seriously
 
10. Niall Ferguson - The Ascent of Money (2008)
Finance is not evil, it built the modern world
 
11. Milton Friedman - Capitalism and Freedom (1962)
Free markets, not government, protect the individual and ensure quality
 
12.  JK Galbraith - The Great Crash, 1929 (1954)
It’s government’s job to stop speculative frenzies ruining the real economy
 
13.  Henry George - Progress and Poverty (1879)
The best and fairest way to ensure opportunity is a tax on land
 
14.  Robert J Gordon - The Rise and Fall of American Growth (2016)
Living standards keep rising, but the greatest gains have already happened
 
15.  Benjamin Graham - The Intelligent Investor (1949)
We grow in wealth through long-term investing, not speculating
 
16.  Friedrich Hayek - The Use of Knowledge in Society (1945)
Societies prosper when they give up planning and control, and allow decentralization of knowledge
 
17.  Albert O Hirschman - Exit, Voice and Loyalty (1970)
Consumers have many options to get what they want
 
18.  Jane Jacobs - The Economy of Cities (1968)
Cities have always been, and always will be, the drivers of wealth
 
19.  John Maynard Keynes - The General Theory of Employment, Interest and Money (1936)
To achieve social goals like full employment, governments must actively manage the economy
 
20.  Naomi Klein - The Shock Doctrine (2008)
‘Neoliberal’ economic programs have proved a disaster for many developing countries
 
21.  Paul Krugman - The Conscience of a Liberal (2007)
The postwar consensus on how to grow an economy has been hijacked by ideology
 
22.  Steven Levitt & Stephen Dubner - Freakonomics (2006)
Economics is not a moral science, more an observation of how incentives work
 
23. Michael Lewis - The Big Short (2011)
Modern finance was meant to minimize risk, but it has only increased dangers
 
24.  Deirdre McCloskey - Bourgeois Equality (2016)
The world became wealthy thanks to an idea: entrepreneurs and merchants are not so bad after all
 
25.  Thomas Malthus - An Essay on the Principle of Population (1798)
The world’s finite resources can’t cope with an increasing population
 
26.  Alfred Marshall - Principles of Economics (1890)
To understand people, watch their habits of earning, saving and investing
 
27.  Karl Marx - Capital (1867)
The interests of labor and capital are perennially in conflict
 
28.  Hyman Minsky - Stabilizing An Unstable Economy (1986)
Rather than creating equilibrium, capitalism is inherently unstable
 
29.  Ludwig Von Mises - Human Action (1940)
Economics has laws which no person, society or government can escape
 
30.  Dambisa Moyo - Dead Aid (2010)
Countries grow and get rich by creating industries, not by addiction to aid
 
31. Elinor Ostrom - Governing the Commons (1990)
To stay healthy, common resources like air, water and forests need to be managed in novel ways.
 
32. Thomas Piketty - Capital in the Twenty-First Century (2014)
The scales of wealth are tipping towards capital; if inequality widens there will be social upheaval
 
33. Karl Polanyi - The Great Transformation (1944)
​Markets must serve society, not the other way around
 
34. Michael E Porter - The Competitive Advantage of Nations (1990)
Competition and industry clusters make a rich nation
 
35.  Ayn Rand - Capitalism: The Unknown Ideal (1966)
Capitalism is the most moral form of political economy
 
36.  David Ricardo - Principles of Political Economy and Taxation (1817)
A free-trading world will see each nation fulfil its potential
 
37.  Dani Rodrik - The Globalization Paradox (2011)
Globalization agendas are often floored by national politics
 
38.  Paul Samuelson - Economics (1948)
A combination of classical and Keynesian ideas creates the best-performing economies
 
39.  EF Schumacher - Small Is Beautiful: Economics as if People Mattered (1973)
A new economics must arise which takes more account of people than output
 
40.  Joseph Schumpeter - Capitalism, Socialism and Democracy (1942)
No form of political economy matches the dynamism of capitalism and its process of ‘creative destruction’
 
41. Thomas Schelling - Micromotives and Macrobehavior (1978)
Small behaviors and choices of individuals ultimately produce ‘tipping points’ with major effects
 
42. Amartya Sen - Poverty and Famines (1981)
People starve not because there isn’t enough food, but because economics circumstances suddenly change
 
43.  Robert Shiller - Irrational Exuberance (2000)
Psychology, not fundamental values, drives markets
 
44.  Julian Simon - The Ultimate Resource 2 (1997)
The world will never run out of resources, because it is the human mind that drives advance, not capital or materials
 
45.  Adam Smith - The Wealth of Nations (1778)
The wealth of a nation is that of its people, not its government
 
46.  Hernando de Soto - The Mystery of Capital (2003)
Clear property rights are the basis of stability and prosperity
 
47.  Joseph Stiglitz - The Euro (2016)
Europe’s failed currency and its ideological underpinnings
 
48.  Richard Thaler - Misbehaving: The Making of Behavioral Economics (2015)
How psychology has transformed the economics discipline
 
49.  Thorstein Veblen - Theory of the Leisure Class (1899)
The great goal of capitalist life is not to have to work - or to take on the appearance of not needing to
 
50.  Max Weber - The Protestant Ethic and the Spirit of Capitalism (1904)
Culture and religion are the most overlooked ingredients of economic success
 
50 More Classics
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