Here are 100 books that The Captured Economy fans have personally recommended if you like
The Captured Economy.
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I’m a professor of economics at the University of Houston, with a focus on long-run growth and development rather than things like quarterly stock returns. I write a blog on growth economics where I try hard to boil down technical topics to their core intuition, and I’m the co-author of a popular textbook on economic growth.
Moretti’s book is, I think, woefully underappreciated. He gives a clear portrait of different regions of the United States, classifying them on the basis of their current economic structure and not on a predetermined political split or on industrial classifications from fifty years ago. It shows that we are in the midst of a substantial economic transformation that likely rivals the shifts seen during the early industrial revolution. This book gives you a real sense of what a “knowledge economy” will look like. More than that, though, he shows how that transformation could be beneficial to everyone (but might not).
In The New Geography of Jobs, award-winning Berkeley economist Enrico Moretti looks at the major shifts taking place in the US economy and reveals the surprising winners and losers — specifically, which kinds of jobs will drive economic growth and where they’ll be located — while exploring how communities can transform themselves into dynamic innovation hubs.
“A timely and smart discussion of how different cities and regions have made a changing economy work for them — and how policymakers can learn from that to lift the circumstances of working Americans everywhere.” — Barack Obama
It is April 1st, 2038. Day 60 of China's blockade of the rebel island of Taiwan.
The US government has agreed to provide Taiwan with a weapons system so advanced that it can disrupt the balance of power in the region. But what pilot would be crazy enough to run…
I’m a professor of economics at the University of Houston, with a focus on long-run growth and development rather than things like quarterly stock returns. I write a blog on growth economics where I try hard to boil down technical topics to their core intuition, and I’m the co-author of a popular textbook on economic growth.
I like this book because it takes a giant step back and asks what “the economy” means. What we measure, and what we choose to classify as “economic activity”, is a choice, not a given. By opting to classify some things as true economic activity (e.g. finance) but others as not (e.g. raising kids) we implicitly make choices about economic policy, as it can only deal with what it can count. It opens up the idea that we could stop and think about what should matter to the economy, and what may not.
Modern economies reward activities that extract value rather than create it. This must change to ensure a capitalism that works for us all.
Shortlisted for the FT & McKinsey Business Book of the Year Award
A scathing indictment of our current global financial system, The Value of Everything rigorously scrutinizes the way in which economic value has been accounted and reveals how economic theory has failed to clearly delineate the difference between value creation and value extraction. Mariana Mazzucato argues that the increasingly blurry distinction between the two categories has allowed certain actors in the economy to portray themselves as…
I am a retired professor of philosophy, but my academic training was in modern languages. I am also an active jazz saxophonist. My dissatisfaction with many established approaches to literature led me to look at literary theory, which then made me focus on philosophy. Academic philosophy, though, seemed to me too often to concentrate on questions about theorising knowledge that neglected questions about how we actually make sense of the world. This led me to reassess the importance of art, particularly music, for philosophy. My chosen books suggest alternative ways of looking at the concerns of philosophy at a time when humankind’s relationship to nature is clearly in deep crisis.
I like books that change the very ways in which I see and understand the world.
Polanyi’s The Great Transformation from the end of WW2 made it much clearer to me how a world which regularly finds technological solutions to humankind’s problems could also descend into barbarism. Modern capitalism’s subordinating the functioning of society to the demands of the market changes the status of nature itself in ways that I am increasingly aware of, as the ecological crisis threatens the very survival of humankind.
The book appeals to me not least because of the ways in which it draws important philosophical conclusions from a detailed historical narrative rather than just stating theoretical positions.
In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the "great transformation" of the Industrial Revolution. His analysis explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade.
A Duke with rigid opinions, a Lady whose beliefs conflict with his, a long disputed parcel of land, a conniving neighbour, a desperate collaboration, a failure of trust, a love found despite it all.
Alexander Cavendish, Duke of Ravensworth, returned from war to find that his father and brother had…
I’m a writer and educator working in central Virginia, and I’ve been in love with the ancient world since my first Latin class back in the seventh grade. I’ve always been interested in social history more than just the chronology of battles and the deeds of famous men, so my research looks for sources that can illuminate daily life and the viewpoints of marginalized populations. I hold a BA in English and History from the College of William and Mary and an MLitt from Mary Baldwin University.
Duncan walks the reader through the generations leading up to the fall of the Republic, examining the political, economic, and social conditions that led to civil war and, eventually, the transition to Empire. While Duncan provides biographies of key figures like the Gracchi brothers, he also sets them in the context of their world: its constraints, its faith, its competing pressures. The Storm Before the Storm opens a window into an under-examined period of history, one which has echoes in modern-day politics.
The Roman Republic was one of the most remarkable achievements in the history of civilization. Beginning as a small city-state in central Italy, Rome gradually expanded into a wider world filled with petty tyrants, barbarian chieftains, and despotic kings. Through the centuries, Rome's model of cooperative and participatory government remained remarkably durable and unmatched in the history of the ancient world.
In 146 BC, Rome finally emerged as the strongest power in the Mediterranean. But the very success of the Republic proved to be its undoing. The republican system was unable to cope with the vast empire Rome now ruled:…
Since I was a student, I have been fascinated with social and economic inequality–the more so because back then, my professors seemed to disregard this subject of study. So, I made it one of my own main areas of research: I simply needed to understand more about the nature and the causes of inequality in human societies. In recent years, I have been busy researching economic inequality in different historical settings, also looking at specific socioeconomic strata. I began with the poor, and more recently, I focused on the rich. In my list of recommendations, I included books that, I believe, are particularly insightful concerning wealth and the wealthy.
I have always loved Branko Milanović’s way of addressing complex topics in a very accessible and usually highly original way.
In this book, Milanović pays much attention to the rich and the super-rich and devises a way of comparing their wealth across the ages by asking this simple question: how much labour could they command in their own historical period and socio-economic context?
So, for example, Marcus Licinius Crassus, the richest Roman of Caesar’s times, could, with the yearly income from his vast possessions, command the work of 32,000 people. But, as Milanović argues, today’s super-rich are richer than past ones–circa 2010, the richest person in the world was the telecommunications magnate Carlos Slim, who could command the work of 440,000 Mexicans.
Who is the richest person in the world, ever? Does where you were born affect how much money you'll earn over a lifetime? How would we know? Why- beyond the idle curiosity- do these questions even matter? In The Haves and the Have-Nots , Branko Milanovic, one of the world's leading experts on wealth, poverty, and the gap that separates them, explains these and other mysteries of how wealth is unevenly spread throughout our world, now and through time. Milanovic uses history, literature and stories straight out of today's newspapers, to discuss one of the major divisions in our social…
I have worked on the problems of poverty, particularly in sub-Saharan Africa, for much of my professional life. I worked at the Centre for the Study of African Economies, which is part of the Department of Economics at Oxford University, from 1991 until my retirement in 2012. I continue to work both with the Centre and the Department as a Managing Editor of Oxford Economic Papers and Chief Editor of the Journal of African Economies. My recent book The Poor and the Plutocrats grew out of this background where I wanted to understand the links between very poor countries and those of much richer ones.
The papers in this book follow on from an article in Vanity Fair, "Of the 1%, for the 1%, by the 1%". Mimicking Abraham Lincoln’s famous definition in his Gettysburg Address.
A central argument that runs throughout the book is that the growing inequality in the US is chosen, not by its peoples, but by its government. The implication is that the rising inequality and its causes are a threat to US democracy. The book sees a great divide opening between the mass of its citizens and a plutocratic class whose income, and relative position, continues to improve. The book documents how governments have pursued policies that only benefit the 1%.
In The Great Divide, Joseph E. Stiglitz expands on the diagnosis he offered in his best-selling book The Price of Inequality and suggests ways to counter America's growing problem. With his signature blend of clarity and passion, Stiglitz argues that inequality is a choice-the cumulative result of unjust policies and misguided priorities.
Gathering his writings for popular outlets including Vanity Fair and the New York Times, Stiglitz exposes in full America's inequality: its dimensions, its causes, and its consequences for the nation and for the world. From Reagan-era to the Great Recession and its long aftermath, Stiglitz delves into the…
The Duke's Christmas Redemption
by
Arietta Richmond,
A Duke who has rejected love, a Lady who dreams of a love match, an arranged marriage, a house full of secrets, a most unneighborly neighbor, a plot to destroy reputations, an unexpected love that redeems it all.
Lady Charlotte Wyndham, given in an arranged marriage to a man she…
I did not use to believe in human progress, but thought there must have been good old days behind us – until I studied history and understood that my ancestors did not live ecologically, they died ecologically, at an early age. Since then I’ve been obsessed with progress, what makes it possible and how we can spread it to more people. I am a historian of ideas from Sweden, the host of a video series on innovations in history, New and Improved, and the writer of many books on intellectual history and global economics, translated into more than 25 languages.
The great fact of economic history is that we all used to be poor, and now most of us are not. 200 years ago, almost 90 percent of the world’s population lived in extreme poverty, today around 9 percent does. This is the story of that remarkable transformation and what made it possible. Of course, there are many good books on this, and I have greatly enjoyed for example Joel Mokyr, Deirdre McCloskey, and David Landes, but this is a powerful, short book by a great historian, that manages to weave together economic, political, technological and intellectual factors into a very compelling narrative of progress and its preconditions over the past one thousand years.
How did the modern dynamist economy of wealth and opportunity come about? This major new analytical work emphasizes the often surprising, fundamental and continuing processes of innovation and transformation which has produced the world we live in now. / Today we live in a social and economic world that is fundamentally different from the one inhabited by our ancestors. The difference between the experience of people living today and that of all of our ancestors back to the advent of agriculture is as great as that between them and their hunter-gatherer forebears. The processes of transformational changes could have started…
As a licensed social worker, it struck me as bizarre that none of my training equipped me to talk to my clients about money. In grad school, the opening line from every professor was, “You didn’t choose this field to make money.” Yet? It’s something every single one of us needs and interacts with daily. So I started checking out personal finance books by the armsful. These books are different than novels: they deserve to be updated and modernized. But the same handful of personal finance books have been published and republished for decades, and most of them sound boringly redundant once you get past the intro.
Julien and Kiersten Saunders paid off $200k in debt in five years and left their corporate jobs before turning 40.
In most personal finance books with an opening like this, you'd have to buckle in for a lot of talk about how easy it is to follow their lead if you just "worked harder," but they completely sidestep that trope.
Instead, they help readers reframe their relationship to corporate work, address how racism shows up in work and finances, and help people figure out how to get what they need from their job and leave the toxic rat race behind by creating a "15-year career."
The 15-year career starts by building a financial foundation, leveraging transferrable skills to find the highest-paying positions that need those skills, and creating an emotional and financial exit plan.
A revolutionary financial and career path to break free from corporate America's grasp, make peace with your finances, and build wealth on your own terms
When it comes to our finances, we’re told to follow the same script as our white colleagues: work hard, make money, save, and invest. Yet despite putting in twice the effort, you end up making less and are routinely passed up for career opportunities. Here’s the truth: financial freedom is within your reach, but playing by corporate America’s rules will only take you halfway there. To win, you must eventually walk away—and take up an…
Almost 20 years ago, I committed to investing all of my money–starting with my cash–in ways that align with my values. It’s been a long and arduous journey, even with the help of financial advisors. When I retired, I took control of my money and realized investing this way does not have to be that hard. Moreover, most women want to invest in their values, but no one is helping them. So, I wrote a book to share the knowledge I’ve gained over 40 years as an investor. Later, I co-founded Invest for Better, a non-profit that puts women into investment clubs to help them become confident, values-aligned investors.
It is great to see women stepping up to write investment books that go beyond the status quo–a financial system developed primarily by men for men. Rather, they help us to think–and act–differently.
Unlike other books about investing for impact, this book leads with stories. Although the book addresses practical questions like: Do I need a financial advisor? How do I start as a 401(k) or DIY investor? How do I want to define risk and return?–it also tells the stories of women (and a few men) who are paving a new way of investing for others to follow, inspiring you to join them.
Whether you have $100 or $100 million in your bank account, you have the power to change the world for the better.
Having lived through recessions and pandemics, we all recognize the importance of financial well-being. But we are also living in a time of uncertainty, marked by injustice, climate crisis, and social change. How do we reconcile these two things--our financial well-being and our desire to advocate for a more just and equitable world? Perhaps you already donate to causes you care about, or you're looking to start, but the world of finance and investment feels intimidating, especially if…
This book follows the journey of a writer in search of wisdom as he narrates encounters with 12 distinguished American men over 80, including Paul Volcker, the former head of the Federal Reserve, and Denton Cooley, the world’s most famous heart surgeon.
In these and other intimate conversations, the book…
As someone who was born into a legacy of stewarding philanthropy, I was always on a journey to figuring out how I had won the uterine lottery. I hadn’t earned or inherited that wealth, and yet I was to be inheriting the responsibility and opportunity to steward it. Along the way, I met other next gen who wanted to make an impact with their resources, and so for the last twenty-plus years, professionally at 21/64, I've coached next gen donors, consulted with multigenerational philanthropic families, and trained professionals who support them. I’m always looking for research and resources to share with my clients and colleagues, and I hope the below are useful resources for you.
I think this is the most important book that one could read about raising kids amid wealth and privilege.
Edwards-Pitt conducted her research based on the experiences of inheritors who have found their paths to personal fulfillment, and it’s very compelling to hear—in their own voices—what they believe led to their successes.
At a certain level of wealth, money makes parenting harder, not easier. Raised Healthy, Wealthy & Wise breaks new ground in the field of raising children amid wealth by hearing the success stories: real-life children raised with wealth now grown into happy, healthy, and productive adults. Nationally recognized wealth advisor Coventry Edwards-Pitt draws on her many years of professional experience to interview successful heirs and uncover what works--and what doesn't--in raising wealthy children to lead fulfilling and productive lives. While there is a lot of advice out there for affluent parents, this is the first book that allows us to…
