Top 10 Best Books to Read in Comparative Economics - August 2021



Here are our top ten recommendations if you are looking for the best books to read in Comparative Economics. We have made sure our list is diverse to cater to the interests of different types of readers.

1. Discrimination and Disparities


Top 10 Best Books to Read in Comparative Economics - August 2021

An enlarged edition of Thomas Sowell's brilliant examination of the origins of economic disparities Economic and other outcomes differ vastly among individuals, groups, and nations. Many explanations have been offered for the differences. Some believe that those with less fortunate outcomes are victims of genetics. Others believe that those who are less fortunate are victims of the more fortunate. Discrimination and Disparities gathers a wide array of empirical evidence to challenge the idea that different economic outcomes can be explained by any one factor, be it discrimination, exploitation, or genetics. This revised and enlarged edition also analyzes the human consequences of the prevailing social vision of these disparities and the policies based on that vision--from educational disasters to widespread crime and violence.

  • Author: Thomas Sowell
  • Publisher: Basic Books; Enlarged edition (March 5, 2019)
  • Genre: Science & Math, Mathematics
  • ISBN: 978-1541645639
  • Dimensions: 6.4 x 1.5 x 9.5 inches

                 

2. Capital in the Twenty-First Century


Top 10 Best Books to Read in Comparative Economics - August 2021

What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In Capital in the Twenty-First Century , Thomas Piketty analyzes a unique collection of data from 20 countries, ranging as far back as the 18th century, to uncover key economic and social patterns. His findings will transform debate and set the agenda for the next generation of thought about wealth and inequality. Piketty shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality - the tendency of returns on capital to exceed the rate of economic growth - today threatens to generate extreme inequalities that stir discontent and undermine democratic values. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, Piketty says, and may do so again. A work of extraordinary ambition, originality, and rigor, Capital in the Twenty-First Century reorients our understanding of economic history and confronts us with sobering lessons for today.

  • Author: Thomas Piketty
  • Genre: Politics & Social Sciences, Politics & Government, Public Affairs & Policy, Economic Policy

                 

3. Wealth, Poverty and Politics


Top 10 Best Books to Read in Comparative Economics - August 2021

In Wealth, Poverty, and Politics , Thomas Sowell, one of the foremost conservative public intellectuals in this country, argues that political and ideological struggles have led to dangerous confusion about income inequality in America. Pundits and politically motivated economists trumpet ambiguous statistics and sensational theories while ignoring the true determinant of income inequality: the production of wealth. We cannot properly understand inequality if we focus exclusively on the distribution of wealth and ignore wealth production factors such as geography, demography, and culture. Sowell contends that liberals have a particular interest in misreading the data and chastises them for using income inequality as an argument for the welfare state. Refuting Thomas Piketty, Paul Krugman, and others on the left, Sowell draws on accurate empirical data to show that the inequality is not nearly as extreme or sensational as we have been led to believe. Transcending partisanship through a careful examination of data, Wealth, Poverty, and Politics reveals the truth about the most explosive political issue of our time.

  • Author: Thomas Sowell
  • Publisher: Basic Books; 2nd edition (September 6, 2016)
  • Genre: Politics & Social Sciences, Sociology
  • ISBN: 978-0465096763
  • Dimensions: 6.45 x 2.05 x 9.55 inches

                 

4. The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers, Seventh Edition


Top 10 Best Books to Read in Comparative Economics - August 2021

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.

  • Author: Robert L. Heilbroner
  • Publisher: Touchstone; 7th Revised edition (August 10, 1999)
  • Genre: Business & Money, Economics
  • ISBN: 978-0684862149
  • Dimensions: 5.5 x 0.9 x 8.44 inches

                 

5. Capital and Ideology


Top 10 Best Books to Read in Comparative Economics - August 2021

The epic successor to one of the most important books of the century: at once a retelling of global history, a scathing critique of contemporary politics, and a bold proposal for a new and fairer economic system Thomas Piketty’s best-selling  Capital in the Twenty-First Century  galvanized global debate about inequality. In this audacious follow-up, Piketty challenges us to revolutionize how we think about politics, ideology, and history. He exposes the ideas that have sustained inequality for the past millennium, reveals why the shallow politics of right and left are failing us today, and outlines the structure of a fairer economic system.  Our economy, Piketty observes, is not a natural fact. Markets, profits, and capital are all historical constructs that depend on choices. Piketty explores the material and ideological interactions of conflicting social groups that have given us slavery, serfdom, colonialism, communism, and hypercapitalism, shaping the lives of billions. He concludes that the great driver of human progress over the centuries has been the struggle for equality and education, and not, as often argued, the assertion of property rights or the pursuit of stability. The new era of extreme inequality that has derailed that progress since the 1980s, he shows, is partly a reaction against communism, but it is also the fruit of ignorance, intellectual specialization, and our drift toward the dead-end politics of identity.  Once we understand this, we can begin to envision a more balanced approach to economics and politics. Piketty argues for a new “participatory” socialism, a system founded on an ideology of equality, social property, education, and the sharing of knowledge and power.  Capital and Ideology  is destined to be one of the indispensable books of our time, a work that will not only help us understand the world, but that will change it.

  • Author: Thomas Piketty
  • Genre: Politics & Social Sciences, Politics & Government, Public Affairs & Policy, Economic Policy

                 



6. The Theory of Money and Credit


Top 10 Best Books to Read in Comparative Economics - August 2021

“It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.” – from The Theory of Money and Credit Originally published in 1912, Ludwig von Mises’s The Theory of Money and Credit remains today one of economic theory’s most influential and controversial treatises. Von Mises’s examination into monetary theory changed forever the world of economic thought when he successfully integrated “macroeconomics” into “microeconomics” —previously deemed an impossible task —as well as offering explanations into the origin, value and future of money. One hundred years later, von Mises and the Austrian school of economic theory are still fiercely debated by world economists in their search for the solution to America’s current financial crisis. His theorems continue to inspire politicians and market experts who aim to raise up the common man and reduce the financial power of governments. In a preface added in 1952, von Mises urges the people of the world to see economic truth: “The great inflations of our age are not acts of God. They are man-made or, to say it bluntly, government-made. They are the off-shoots of doctrines that ascribe to governments the magic power of creating wealth out of nothing and of making people happy by raising the ‘national income.’” “The best book on money ever written.” —Murray Rothbard, economist and historian “The greatest economist of the twentieth century.” —Sandeep Jaitly, economist

  • Author: Ludwig von Mises
  • Publisher: Skyhorse; 1st edition (August 1, 2013)
  • Genre: Business & Money, Biography & History
  • ISBN: 978-1620871614
  • Dimensions: 5.5 x 1.5 x 8.25 inches

                 

7. How Asia Works: Success and Failure In the World's Most Dynamic Region


Top 10 Best Books to Read in Comparative Economics - August 2021

“A good read for anyone who wants to understand what actually determines whether a developing economy will succeed.” —Bill Gates, “Top 5 Books of the Year”   An Economist Best Book of the Year from a reporter who has spent two decades in the region, and who the Financial Times said “should be named chief myth-buster for Asian business.”   In  How Asia Works, Joe Studwell distills his extensive research into the economies of nine countries—Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China—into an accessible, readable narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished.   Studwell’s in-depth analysis focuses on three main areas: land policy, manufacturing, and finance. Land reform has been essential to the success of Asian economies, giving a kick-start to development by utilizing a large workforce and providing capital for growth. With manufacturing, industrial development alone is not sufficient, Studwell argues. Instead, countries need “export discipline,” a government that forces companies to compete on the global scale. And in finance, effective regulation is essential for fostering, and sustaining growth. To explore all of these subjects, Studwell journeys far and wide, drawing on fascinating examples from a Philippine sugar baron’s stifling of reform to the explosive growth at a Korean steel mill.   “Provocative . . . How Asia Works is a striking and enlightening book . . . A lively mix of scholarship, reporting and polemic.” — The Economist

  • Author: Joe Studwell
  • Publisher: Grove Press (July 2, 2013)
  • Genre: Kindle Store, Kindle eBooks, Business & Money

                 

8. Marxism Unmasked (LvMI)


Top 10 Best Books to Read in Comparative Economics - August 2021

We can't sit at the feet of Mises at his famous Vienna private seminar. We can't go back in time and attend his New York seminar, or follow him to the speaking engagements that he held in the 1950s and '60s. But we do have access to what he said. He is warm, funny, passionate, and learned. This book provides a candid look at the man and his teaching style. It demonstrates his dazzling command over the material, and teaches in a breezier way than his treatises. This volume contains nine lectures delivered over one week, from June 23 to July 3, 1952, at the San Francisco Public Library. Mises was at his prime as a teacher and lecturer. He shares a lifetime of learning on topics that were (and remain) central to American public life. As the title indicates, his main focus is on Marxism. He discusses Marx and his place in the history of ideas, the destruction wrought by his dangerous ideology, the manner in which his followers have covered up his errors, and how the Marxists themselves have worked for so long to save Marxism from itself. He discusses Marxist claims about history and refutes the Marxist smear of the Industrial Revolution. The approach is systematic but casual, so the reader encounters wonderful insights in the form of short asides. For example, "The worst thing that can happen to a socialist is to have his country ruled by socialists who are not his friends." As a lecturer, Mises is steady and relentless. The reader can nearly "hear" him speaking through the prose. And there are times when he reveals a level of rhetorical passion that you would never encounter in print. That's because what is printed here are not prepared lectures. They were transcribed by Bettina Bien Greaves from what he actually said. Thus can we hear this passage: "It is not true, as Marx said, that the improvements in technology are available only to the exploiters and that the masses are living in a state much worse than on the eve of the Industrial Revolution. Everything the Marxists say about exploitation is absolutely wrong! Lies! In fact, capitalism made it possible for many persons to survive who wouldn't have otherwise." Some readers of Mises's larger works have said that while his rigor is dazzling, the man himself can seem remote. Whether or not you agree with this observation, Mises comes across in these lectures as brilliant but very warm and charming in an old world sense. To search for Mises Institute titles, enter a keyword and LvMI (short for Ludwig von Mises Institute); e.g., Depression LvMI

  • Author: Ludwig von Mises
  • Publisher: Ludwig von Mises Institute (December 8, 2010)
  • Genre: Kindle Store, Kindle eBooks, Business & Money

                 

9. Manipulating the World Economy: The Rise of Modern Monetary Theory & the Inevitable Fall of Classical Economics - Is there an Alternative?


Top 10 Best Books to Read in Comparative Economics - August 2021

The economic theories that dominated the field during the 20th century have failed us and empowered government to believe they can manipulate the business cycle. Every economic theory presented post-Marxism has assumed that the complexity of the business cycle can be reduced to a single cause and effect. To date, no attempt to manipulate the cycle has prevented a recession or financial crisis. We now face a truly monumental crisis. Central banks around the world are trapped. Their attempt to stimulate the economy through Quantitative Easing and rate manipulation has disastrously failed. The central banks have primarily purchased government debt, effectively keeping governments on life support by allowing them to issue new debt at substantially lower rates. In addition to catastrophic Quantitative Easing policies, political fiscal spending on various programs and agencies has burdened governments with a debt that they can never repay. The future crisis is one created by government. This time, we are not likely to fix the problem without major political reform, which all governments will resist. These policies have led many to assume that government can freely create money without inflation. After creating trillions of dollars to buy government debt with no appreciable inflation, many conclude that everything has changed. They are calling this the Modern Monetary Theory. If they are correct, then why bother to have taxes or borrow money continuously with no intention of paying off national debts? Governments, in modern theory, can simply create an endless supply of money to create a new modern version of Utopia. Can we throw away all economic history for an experiment that could unravel civilization if the theory proves to be wrong? What are the risks? Can it really be that easy? Are there any examples from the past that we can look to for answers?

  • Author: Martin A Armstrong
  • Publisher: Gatekeeper Press (June 24, 2021)
  • Genre: Business & Money, Economics
  • ISBN: 978-1662914461
  • Dimensions: 8.5 x 1.56 x 11 inches

                 

10. Introducing Economics: A Graphic Guide (Introducing...)


Top 10 Best Books to Read in Comparative Economics - August 2021

A comic-book introduction to economics from David Orrell, the author of Economyths: 11 Ways Economics Gets it Wrong . With illustrations from Borin Van Loon. Part of the internationally-recognised Introducing Graphic Guide series. Today, it seems, all things are measured by economists. The so-called 'dismal science' has never been more popular - or, given its failure to predict or prevent the recent financial crisis, more controversial. But what are the findings of economics? Is it really a science? And how can it help our lives? Introducing Economics traces the history of the subject from the ancient Greeks to the present day. Orrell and Van Loon bring to life the contributions of great economists - such as Adam Smith, Karl Marx, John Maynard Keynes and Milton Friedman - and delve into ideas from new areas such as ecological and complexity economics that are revolutionizing the field.

  • Author: David Orrell
  • Publisher: Icon Books Ltd; Illustrated edition (June 5, 2014)
  • Genre: Kindle Store, Kindle eBooks, Business & Money