essential economics
Discover the essential economics reading list, featuring timeless classics from Milton Friedman, Thomas Sowell, and F.A. Hayek. Explore Capitalism and Freedom, The Road to Serfdom, and key works on free markets and economic theory for a deeper understanding of global finance.
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The Road to Serfdom
by Friedrich August Hayek
Examines the relationship between individual liberty and government authority, and argues that granting government control of the economy leads to disaster
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The General Theory of Employment, Interest, and Money
by John Maynard Keynes
Originally published: New York: Harcourt, Brace & World, 1936.
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Applied Economics
by Thomas Sowell
A companion volume to Basic Economics discusses the application of economics to such world problems as medical care, discrimination, and the development of nations, examining economic policies in terms of their immediate and longer-term repercussions.
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FDR's Folly
by Jim Powell
A study of the Great Depression argues that Roosevelt's flawed economic policies had a profound and dangerous impact on America and that the New Deal actually prolonged the hardship rather than provided a lasting solution.
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The Mystery of Capital
by Hernando De Soto
In the West we've forgotten that creating this system is also what allowed people everywhere to leverage property into wealth.
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Capitalism and Freedom
by Milton Friedman
In the process, he outlines the role that government should play in a society dedicated to freedom and relying primarily on the market to organize economic activity.".
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The Worldly Philosophers
by Robert L. Heilbroner
The bestselling classic that examines the history of economic thought from Adam Smith to Karl Marx—“all the economic lore most general readers conceivably could want to know, served up with a flourish” (The New York Times). The Worldly Philosophers not only enables us to see more deeply into our history but helps us better understand our own times. In this seventh edition, Robert L. Heilbroner provides a new theme that connects thinkers as diverse as Adam Smith and Karl Marx. The theme is the common focus of their highly varied ideas—namely, the search to understand how a capitalist society works. It is a focus never more needed than in this age of confusing economic headlines. In a bold new concluding chapter entitled “The End of the Worldly Philosophy?” Heilbroner reminds us that the word “end” refers to both the purpose and limits of economics. This chapter conveys a concern that today’s increasingly “scientific” economics may overlook fundamental social and political issues that are central to economics. Thus, unlike its predecessors, this new edition provides not just an indispensable illumination of our past but a call to action for our future.
