We live, as the slogan says, in financial times. Since economics has such a strong impact on our day-to-day lives, understanding economics better can help us make sense of our world. Here are five thoughtful books that will help you learn:
Understanding the World Economy
An accessible overview of many economic principles, this snappy volume by Tony Cleaver is an incredibly illuminating read for people who aren't experts in economic theory. Without a lot of technical jargon, this book is smart and useful and won't scare away newcomers to economics.
The Return of Depression Economics and the Crisis of 2008
Nobel Prize winner Paul Krugman investigates the parallels between America's recent financial crisis and the Great Depression. In exploring the roots of our recent economic calamity, Krugman intelligently offers his ideas about how future catastrophe might be avoided.
Economic Facts and Fallacies
Thomas Sowell's fascinating book reveals fallacies about economic issues, including many spread by politicians and the media. Written in lively prose, Sowell's book is a great read whether or not you have prior knowledge of economics.
Everything For Sale: The Virtues and Limits of Markets
This book is a fascinating exploration of the free market. Robert Kuttner's acclaimed work is a provocative look into contemporary economic practices.
The Wealth and Poverty of Nations
Tackling the question of why some countries achieve success while others fail, David S. Lande's exploration considers the economic impact of history and culture while offering incredible analytical insight.