Since the ancient era, various thinkers and philosophers have contributed to this essential subject of Economics. This subject is much more than graphs, money, and production. It is a social science which deals with human consumption, behaviors, and patterns. Despite the field of business you deal in, Economics has its branches spread over all institutions and organizations. From government offices to basic schools, economics gives a foundation for all monetary aspects. Major world issues like poverty, unemployment, inflation, etc. can be resolved by using a strong economic solution. Apart from improving our daily expenditure, Economics has the power to drastically change countries by adding an economic plan suitable for the country. As intriguing as it sounds, this subject has wonderful, passionate, and professional writers. Here are the 10 must-read Business Economics books to tap that ‘Wolf of Wallstreet’ in you!
List of Must-Read Business Economics Books
- The Man Who Knew by Sebastian Mallaby
- When Markets Collide by Mohamed El-Erian
- Lords of Finance by Liaquat Ahamed
- Capital in the Twenty-First Century by Thomas Piketty
- Invisible Women by Caroline Criado Perez
- Deaths of Despair and the Future of Capitalism by Angus Deaton, Anne Case
- Freakonomics by Steven Levitt, Stephen Dubner
- Give People Money by Annie Lowrey
- The Rise of the Robots by Martin Ford
- Poor Economics by Abhijit Banerjee, Esther Duflo
- The Wealth of Nation by Adam Smith
- Capitalism and Freedom by Milton Friedman
- Capital: A Critique of Political Economy by Karl Marx
- ‘21 Lessons in the 21st Century’ by Yuval Noah Harari
- The Growth Delusion by David Pilling
- Bad Blood—Secrets and Lies in a Silicon Valley Startup’ by John Carrey
- Crashed: How a Decade of Financial Crises Changed the World by Adam Tooze
- Bullshit Jobs—A Theory by David Graeber
- The Affluent Society by John Kenneth Galbraith
- Good Economics for Hard Times by Abhijit Banerjee and Esther Duflo
The Man Who Knew by Sebastian Mallaby
This Business Economics book is a biography of the former Chairman of the Federal Reserve- Alan Greenspan. Despite being an important and reputed figure who fascinated many minds, was adored and revered by people he was blamed by many for the 2008 financial crisis. Mallaby precisely compiled the honorable legacy of Greenspan through his book The Man who Knew which was published in 2016 by Penguin Press.
When Markets Collide by Mohamed El-Erian
As the world faces continuous shifts in its financial and economic numbers, it is extremely important for investors to catch the correct signal in the system and not dismiss it for ‘noise’. These signals can lead to dangerous risks or even end up being golden opportunities. Through his business economics book, the ‘Global Guru’ – Mohamed El-Erian inspects these underlying drivers of the system and accordingly take a risk or an opportunity. He gives investors an insight into the investing gamble in the world and how luck changes overnight if you correctly choose to take the right step in your investment!
“People.. were poor not because they were stupid or lazy. They worked all day long, doing complex physical tasks. They were poor because the financial institution in the country did not help them widen their economic base.” ― Muhammad Yunus
Lords of Finance: The bankers who broke the world by Liaquat Ahamed
In this Business Economics book ‘Lords of Finance’, Liyaquat Ahmed lists all the events and the people who were involved that led to The Great Depression. The book gives us a detailed plot on the 4 chiefs of the Central Banks of the United States, Great Britain, France, and Germany, and their involvement in guiding the world economy from the period during the First World War to the Great Depression occurred.
Capital in the Twenty-First Century by Thomas Piketty
A book that has been adapted to a documentary film, Capital in the twenty-first century talks about economic inequality in Europe and America since the 18th century. Piketty proposed a global system that included wealth taxes which would help in reducing inequality. It was initially released as a french book as “Le Capital au XXIe siècle”. The English translation of the book by Arthur Goldhammer was launched in 2014 which went on to be No.1 in The New York Times Best Seller for best selling hardcover nonfiction.
“95% of economics is common sense” ― Ha-Joon Chang
Invisible Women by Caroline Criado Perez
Invisible women is a book that questions women equality and bias in the Economic world, workplace and public life. It speaks about the data bias that has been prevalent since so many years which led to without any person questioning it. Celebrated feminist Caroline Criado Perez inspects deeper to the root cause of these issues by stating studies conducted globally. Written with immense wisdom and is an extremely important business economics book for giving the women their well-deserved right.
Deaths of Despair and the Future of Capitalism by Angus Deaton and Anne Case
This extremely unique book helps shed light on the two very different, yet correlated aspects of flaws in capitalism and the fatality rate of America’s working class. Written by economist Anne Case and Nobel Prize winner Angus Deaton it describes the unfair economy and its measurements in deaths of people. The business economics book has been highly respected and critically acclaimed as New York Times Bestseller, the Wall Street Journal Bestseller, and New York Times Book Review Editors’ Choice.
Freakonomics by Steven Levitt and Stephen Dubner
Written by economist Steven Levitt and New York Times journalist Stephen J. Dubner, This Business Economics book is an unconventional economics book with the study of incentives in economics. Freakonomics has been a controversial book due to the topics discussed in it. Yet, it is regarded as one of the genius books which also highlights crimes and the police force. The authors further went on to start their own ‘Freakonomics’ blog, Podcasts and the book has also been adapted for a feature documentary film.
Business Economics Books for BBA and BCom
- Principles Of Microeconomics by T R Jain, V K Ohri
- Business Economics H. L. Ahuja
- Thinking Strategically by Avinash Dixit and Barry Nalebuff
- Principles of Economics by N. Gregory Mankiw
- Business Environment by Francis Cherunilam
- Business Economics for CS Foundation by MD Aggarwal
- In Service of the Republic: The Art and Science of Economic Policy by Vijay Kelkar and Ajay Shah
- Uncertain Glory- India and it’s Contradiction by Jean Dreze & Amartya Sen
- Poor Economics by Abhijit Banerjee
- Webbing the Web Series Web by Anuj Tikku
- Economy of Permanence by JC Kumarappa
Get your hands on these amazing business economics books to develop a deeper and clearer insight into the subject! If you want to make a career in this field and are looking for the best options to explore, then Leverage Edu experts can help you do the same!