The most recommended economic development books

Who picked these books? Meet our 70 experts.

70 authors created a book list connected to economic development, and here are their favorite economic development books.
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Book cover of Material World: A Global Family Portrait

Blaine Brownell Author Of Transmaterial: A Catalog of Materials That Redefine Our Physical Environment

From my list on the world of materials.

Why am I passionate about this?

I'm an architect, professor, and director of the School of Architecture at the University of North Carolina at Charlotte. Throughout my career, I've sought to empower people to improve the designed environment through better knowledge of materials. I've written nine books and many articles on emerging materials, sustainable building technologies, and Japanese architecture and design. Having lived in Japan several times, I also appreciate the importance of developing an expanded worldview of material practices.

Blaine's book list on the world of materials

Blaine Brownell Why did Blaine love this book?

Global socioeconomic diversity is an important yet abstract concept, but this book offers tangible evidence.

Household material wealth varies significantly worldwide in both quantity and quality. To reveal this diverse range, sixteen photographers visited thirty countries and lived briefly with families considered statistically average for their nation.

In the book, each family stands before their abode with all their household possessions. Suffice it to say that contrasts abound.

By Peter Menzel,

Why should I read it?

2 authors picked Material World as one of their favorite books, and they share why you should read it.

What is this book about?

Called “Fascinating! An incredible book” by Oprah Winfrey, this beloved photography collection vividly portrays the look and feel of the human condition everywhere on Earth.

In an unprecedented effort, sixteen of the world’s foremost photographers traveled to thirty nations around the globe to live for a week with families that were statistically average for that nation. At the end of each visit, photographer and family collaborated on a remarkable portrait of the family members outside their home, surrounded by all of their possessions; a few jars and jugs for some, an explosion of electronic gadgetry for others.

This internationally acclaimed…


Book cover of Less Is More: How Degrowth Will Save the World

Paul Chatterton Author Of How to Save the City: A Guide for Emergency Action

From my list on helping us save the city.

Why am I passionate about this?

I've been fascinated by city life since I studied Geography at high school. After twenty five years of teaching and researching urban geography, I am Professor of Urban Futures at a UK university. I now have a better sense of the challenges we face and what we can do about them. I spend my time supporting activists, campaigners, students, policymakers, and politicians about the urgency for change and what kind of ideas and examples they can use to tackle what I call the triple emergencies of climate breakdown, social inequality, and nature loss.

Paul's book list on helping us save the city

Paul Chatterton Why did Paul love this book?

There is one current zeitgeist at the moment that everyone needs to know about - degrowth.

Jason Hickel’s book is one of the best accounts of how the whole world got tangled up in a ceaselessly growing economy and what we can do to reverse out of it.

This book has really helped me make the case with students, urban policymakers, and politicians that we need a new kind of economy that doesn’t just value growth or getting bigger, but one that respects the health of people and planet, and undoes some of the big injustices that have emerged from the long history of colonialism.

By Jason Hickel,

Why should I read it?

3 authors picked Less Is More as one of their favorite books, and they share why you should read it.

What is this book about?

'A powerfully disruptive book for disrupted times ... If you're looking for transformative ideas, this book is for you.' KATE RAWORTH, economist and author of Doughnut Economics

A Financial Times Book of the Year
______________________________________
Our planet is in trouble. But how can we reverse the current crisis and create a sustainable future? The answer is: DEGROWTH.

Less is More is the wake-up call we need. By shining a light on ecological breakdown and the system that's causing it, Hickel shows how we can bring our economy back into balance with the living world and build a thriving society for…


Book cover of The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities

Randall Holcombe Author Of Following Their Leaders: Political Preferences and Public Policy

From my list on voter preferences and democratic decision-making.

Why am I passionate about this?

I am an economics professor and have been interested in applying economic methods to study political decision-making since my days as a graduate student. Too often, we think about government in terms of what we would like government to do rather than what government actually is capable of doing. In many cases, political decision-makers would be unable to obtain sufficient information to actually carry out the policies we think would be ideal, and even if they have the information, often they don’t have the incentive to do so. An economic approach to politics offers a more realistic way to understand political decision-making.

Randall's book list on voter preferences and democratic decision-making

Randall Holcombe Why did Randall love this book?

Olson focuses on the impact of interest groups on public policy. He emphasizes the way that economic interests lobby governments to produce policies favorable to them, but at the expense of the general public. Interests lobby for subsidies, tax breaks, trade barriers to protect them from foreign competition, regulatory barriers to inhibit domestic competitors, and more. Over time, the connection between interest groups and policymakers strengthens, so that increasingly, profits are the result of political connections rather than producing value for consumers. The growth of interest group influence over time leads to the decline of nations.

By Mancur Olson,

Why should I read it?

1 author picked The Rise and Decline of Nations as one of their favorite books, and they share why you should read it.

What is this book about?

"A convincing book that could make a big difference in the way we think about modern economic problems."-Peter Passell, New York Times Book Review

"Clearly, this is no ordinary theory. Equally clearly, it sprang from the mind of no ordinary economist."-James Lardner, Washington Post

The years since World War II have seen rapid shifts in the relative positions of different countries and regions. Leading political economist Mancur Olson offers a new and compelling theory to explain these shifts in fortune and then tests his theory against evidence from many periods of history and many parts of the world.

"Schumpeter and…


Book cover of Why Nations Fail: The Origins of Power, Prosperity, and Poverty

Sergei Guriev Author Of Spin Dictators: The Changing Face of Tyranny in the 21st Century

From my list on why countries succeed and why they fail.

Why am I passionate about this?

What are some countries rich and others are poor? I strongly believe that this is the most important question for modern economics. I've become an economist to understand this. I am happy that in recent decades economists – working closely together with other social scientists – have made so much progress in this field. And this is not abstract knowledge – it is being applied already to help developing countries catch up with the rich world. I have seen it myself when I took a leave from academia to work as a Chief Economist of a development bank (European Bank for Reconstruction and Development) – to learn more from and to contribute to this work.

Sergei's book list on why countries succeed and why they fail

Sergei Guriev Why did Sergei love this book?

This is a bestselling book that tackles the most important question in economics: why some countries are rich, and some are poor.

This well-written and convincing book provides a very broad and accessible overview of history of successful and failing societies. It argues that inclusive democratic institutions deliver better economic outcomes than authoritarian ones.

Given that this view is based on recent research in political economy and development economics – including the authors’ own groundbreaking work – this is a must-read for all advocates of liberal democracy who want to have quantitative arguments and historical narratives to stand up to the rise of authoritarianism around the world. 

I teach political economy of development. My job is to explain to the students why some countries are rich and others are poor.

Acemoglu and Robinson is a wonderful and accessible textbook. Students love it – even if they often argue with the…

By Daron Acemoglu, James A. Robinson,

Why should I read it?

3 authors picked Why Nations Fail as one of their favorite books, and they share why you should read it.

What is this book about?

Shortlisted for the Financial Times and Goldman Sachs Business Book of the Year Award 2012.

Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions. Drawing on an extraordinary range of contemporary and historical examples, from ancient Rome through the Tudors to modern-day China, leading academics Daron Acemoglu and James A. Robinson show that to invest and prosper, people need to know that if they work hard, they can make money…


Book cover of The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor

Liah Greenfeld Author Of The Spirit of Capitalism: Nationalism and Economic Growth

From my list on the relationship between capitalism and nationalism.

Why am I passionate about this?

The Spirit of Capitalism: Nationalism and Economic Growth is the second volume of my nationalism trilogy. When I published the first volume, Nationalism: Five Roads to Modernity, the accepted view on the subject of nationalism was that it is a product of economic development, specifically, of industrialization and capitalism. On the basis of historical evidence, I proved that its emergence had nothing to do with these economic phenomena: in fact, it preceded both. Reviews of Nationalism, noting that, for this reason, economic developments could not have caused nationalism, raised the question what relationship, then, did exist between nationalism and the economy, and this led me to investigate it. 

Liah's book list on the relationship between capitalism and nationalism

Liah Greenfeld Why did Liah love this book?

This book is a rare attempt by an eminent economic historian to examine cultural determinants of economic growth and answer the question why it happens, which distinguishes it sharply from the discipline’s exclusive focus on how it proceeds.

Landes, in other words, disentangles the explanation of causes from the preoccupation with the process, which is why I recommend this book.

By David S. Landes,

Why should I read it?

4 authors picked The Wealth and Poverty of Nations as one of their favorite books, and they share why you should read it.

What is this book about?

Now that the old division of the world into the two power blocs of East and West has subsided, the great gap in wealth and health that separates North and South remains the single greatest problem and danger facing the world of the Third Millennium. The only challenge of comparable scope and difficulty is the threat of the environmental deterioration, and the two are intimately connected, indeed are one. David Landes argues that the North-South division is the great drama of our times, and that drama implies tension, passion, conflict and disappointment as well as happy outcomes. While Landes does…


Book cover of The Great Surge: The Ascent of the Developing World

Gregg Easterbrook Author Of It's Better Than It Looks: Reasons for Optimism in an Age of Fear

From my list on hope for the future.

Why am I passionate about this?

As an author, I write both serious nonfiction and literary fiction. As a journalist, I have lifelong associations with The Atlantic and the Washington Monthly. I didn’t plan it, but four of my nonfiction books make an extended argument for the revival of optimism as intellectually respectable. A Moment on the Earth (1995) argued environmental trends other than greenhouse gases actually are positive, The Progress Paradox (2003) asserted material standards will keep rising but that won’t make people any happier, Sonic Boom (2009), published during the despair of the Great Recession, said the global economy would bounce back and It’s Better Than It Looks (2018) found the situation objectivity good on most major issues.

Gregg's book list on hope for the future

Gregg Easterbrook Why did Gregg love this book?

Maybe you think Asia and Africa are mired in depressing immiseration. Certainly that’s what the mainstream media sell us. Yet in the last 25 years more progress has been made against poverty in these places than in all of previous human history combined! Radelet, a professor at Georgetown University, shows that the improvement – still a long way to go, of course – of the developing world is the most important thing happening in our spinning world. 

By Steven Radelet,

Why should I read it?

1 author picked The Great Surge as one of their favorite books, and they share why you should read it.

What is this book about?

The untold story of the global poor: "Powerful, lucid, and revelatory, The Great Surge...offers indispensable prescriptions about sustaining global economic progress into the future" (George Soros, chairman of Soros Fund Management).

We live today at a time of great progress for the global poor. Never before have so many people, in so many developing countries, made so much progress, in so short a time in reducing poverty, increasing incomes, improving health, reducing conflict and war, and spreading democracy.

Most people believe the opposite: that with a few exceptions like China and India, the majority of developing countries are hopelessly mired…


Book cover of Capitalist Development and Democracy

Joe Foweraker Author Of Polity: Demystifying Democracy in Latin America and Beyond

From my list on democracy in Latin America.

Why am I passionate about this?

I fell in love with Latin America as I meandered around Mexico in the summer of 1969. The passion has never died. Within a year I walked into Brazil’s ‘wild west’ to research the violence along its moving frontier, while over fifty years later I am an emeritus professor of Latin American politics at the University of Oxford and an honorary professor at the University of Exeter. An early decision to look at politics from the ‘bottom up’ led to a life-long inquiry into the theory and practice of democracy, and the publication of many essays and books that are available to view on my Amazon author page.

Joe's book list on democracy in Latin America

Joe Foweraker Why did Joe love this book?

The author list combines a leading sociological theorist, a premier scholar of Latin American political economy, and a sophisticated practitioner of statistical analysis who between them have written one of the great classical works on Latin American economy and democracy. 

The book itself combines a rounded theoretical approach, a comparative framework that extends to Europe and North America, and a thorough grounding in Latin American history. Though published some thirty years ago, it remains a must-read for those trying to get to grips with Latin American democracy.

By Dietrich Rueschemeyer, Evelyne Huber Stephens, John D. Stephens

Why should I read it?

1 author picked Capitalist Development and Democracy as one of their favorite books, and they share why you should read it.

What is this book about?

How are capitalism and democracy related? Does capitalist development today generate pressures for democratization in the same way it did earlier in the core countries of capitalism? Past research has come to divergent conclusions on these questions. Cross-national statistical research has found that capitalist development and democracy are consistently correlated. By contrast, comparative historical studies have argued that economic development and democracy was and is compatible with a variety of political forms, and that in some cases economic development imperatives have led to the authoritarian eclipse of political competition, and that the chances of democracy in developing countries are rather…


Book cover of Why Australia Prospered: The Shifting Sources of Economic Growth

Tim Harcourt Author Of The Airport Economist Flies Again!

From my list on the world on economic and social history.

Why am I passionate about this?

As host of the Airport Economist TV series I have been to around 60 countries in 5 years and I have always been fascinated by what makes each place tick. I have been curious as to why some countries succeed and others fail, how do businesses operate there and how do the people fare when it comes to elections. I am interested in how egalitarian the place is, how rich are the rich, how do the poor do, is life improving. I am also interested in sport and popular culture and how important it is to the local populace.  

Tim's book list on the world on economic and social history

Tim Harcourt Why did Tim love this book?

This is the best book written on Australian economic history.

How did a convict colony become one of the world’s most prosperous economies and successful democratic societies in just 200 years? McLean takes us methodically through the evidence with a compelling narrative dispelling popular myths along the way.

A good read alongside Why Nations Fail.

By Ian W. McLean,

Why should I read it?

1 author picked Why Australia Prospered as one of their favorite books, and they share why you should read it.

What is this book about?

This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present. Why Australia Prospered is a fascinating historical examination of how Australia cultivated and sustained economic growth and success. Beginning with the Aboriginal economy at the end of the eighteenth century, Ian McLean argues that Australia's remarkable prosperity across nearly two centuries was reached and maintained by several shifting factors. These included imperial policies, favorable demographic characteristics, natural resource abundance, institutional adaptability and innovation,…


Book cover of The Culture of Stopping

Thalia Verkade Author Of Movement: how to take back our streets and transform our lives

From my list on letting you perceive the world differently.

Why am I passionate about this?

Writing my first book, I found out how dependent my thinking about the world beyond my doorstep was on language made up by engineers (“Please don’t block the driveway”). Engineering language defined how I saw the street. It was a shock to realize how severely this had limited my thinking about public space but also a liberation to become aware of this: now I could perceive streets in completely new and different ways. The books I recommend all have made me perceive the world differently. I hope they do the same for you. Also, see the recommendations by my co-author, Marco te Brömmelstroet.

Thalia's book list on letting you perceive the world differently

Thalia Verkade Why did Thalia love this book?

Until this book, I didn’t realize we live in a culture that applauds starting, growing, and flowering while turning a blind eye to ending, decaying, and dying.

Harald Welzer starts out by calculating how humans turn more living matter on Earth into dead matter each year. We don’t seem able to see that this is a sure way to stop living. Having survived a stroke, he asks the question: "What life do I want to have lived?" This is the framework of the book.

Along the way, he shares wonderful examples of (artistic) endeavors that attend to the ending–of a factory’s life, of insects killed by pesticides, of cathedrals that can only be built by accepting that some of them will crumble before they are finished.

By Harald Welzer, Sharon Howe (translator),

Why should I read it?

1 author picked The Culture of Stopping as one of their favorite books, and they share why you should read it.

What is this book about?

Our culture has no concept of stopping. We continue to build motorways and airports for a future in which cars and planes may no longer exist. We're converting our planet from a natural one to an artificial one in which the quantity of man-made objects - houses, asphalt, cars, plastic, computers and so on - now exceeds the totality of living matter. And while biomass continues to decline due to deforestation and species extinction, the mass of man-made objects is growing faster than ever. We're on a treadmill to disaster.

To get off this treadmill, argues Harald Welzer, we need…


Book cover of Earth, Wind and Fire: Unpacking the Political, Economic and Security Implications of Discourse on the Green Economy

Najma Mohamed Author Of Sustainability Transitions in South Africa

From my list on justice and sustainability in South Africa.

Why am I passionate about this?

While my childhood in a coastal community in South Africa contributed to my deep appreciation and love for nature, I was born and grew up as a person of colour in the apartheid era when barricades divided humans, the land, and the sea. I developed a profound understanding, rooted in my lived experience, of the interlinkages between justice, equity, and sustainability. I've remained actively involved and interested in developing and profiling transformative and inclusive approaches to sustainability from community to the international level. I've maintained this focus on the nexus between climate, nature, and inequality throughout my career, where I've led transformative and inclusive approaches to nature and climate policy and practice for 20+ years. 

Najma's book list on justice and sustainability in South Africa

Najma Mohamed Why did Najma love this book?

The book deals with the challenge of growth – how the South African economy needs to find a way to grow, and adopt policy choices and pathways that can help the country transition from a fossil fuel-intensive economy to a green economy, that is resource efficient, climate resilient, and equitable.

It grapples with the social complexity of post-apartheid South Africa and why a transition to a green economy in South Africa must be just transition. 

By Lynne Krieger Mytelka (editor), Velaphi Msimang (editor), Radhika Perrot (editor) , Marie Blanche Ting , Saliem Fakir , Manisha Gulati , Simone Haysom , Lyndall Mujakachi , Edison Muzenda , T. J. Pilusa , Louise Scholtz , Ogundiran Soumonni , Fumani Mthembi

Why should I read it?

1 author picked Earth, Wind and Fire as one of their favorite books, and they share why you should read it.

What is this book about?

This book examines issues ranging from global and domestic climate change and sustainable energy issues to the mineral-energy complex issues that have given rise to local and sector-specific problems. Each chapter seeks to convey policy choices and recommendations, at the centre of which is a clear articulation of the need for an integrated mix of policy instruments in South Africa to mitigate emissions and promote the development of a low-carbon economy through the low-carbon and sustainable energy technologies and low-carbon innovation across various sectors of the economy. The central theme of the book is that discourse and policy action on…