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Recommended reads for understanding the economy today

Tuesday 24 January 2023
1 min read
LSE Blogs
Book covers
This reading list, compiled in collaboration with the LSE Review of Books blog, offers recommendations from LSE researchers of key books for understanding the economy today, and showcases new and recent LSE-authored books on this topic.
  • Understanding the World Economy cover

    Understanding the World Economy (4th Edition). Tony Cleaver (Routledge, 2012)

    ‘‘I recommend Understanding the World Economy because it is very easy to read and uses nontechnical language in explaining contemporary economic issues with particular attention to an understanding of how global markets function. It is very suited for undergraduates as well as casual readers because of its use of anecdotes in explaining real economic issues.’’

    Recommended by Dr Cornelia Agyenim-Boateng, Fellow in Real Estate Economics and Finance and Deputy Director MSc Real Estate Economics, Department of Geography and Environment, LSE

  • Cogs and Monsters cover

    Cogs and Monsters: what economics is, and what it should be. Diane Coyle (Princeton University Press, 2021)

    ‘‘Diane Coyle critically examines the role of economics in analysing and shaping today’s increasingly digitised society. She sets out the strengths and limitations of mainstream economics and how the latter can be addressed, including by improving diversity in the profession. Cogs and Monsters is an inspiring read for those developing, using or seeking to understand economics in a rapidly changing world.’’

    Recommended by Dr Anna Valero, Senior Policy Fellow at the Centre for Economic Performance, Deputy Director of the Programme on Innovation and Diffusion and Associate of the Grantham Research Institute, LSE

  • Good Times, Bad Times cover

    Good Times, Bad Times: the welfare myth of them and us. John Hills (Policy Press, 2014)

    "John Hills shows us how the British welfare state in fact benefits most of us at different points across our life course through good times and bad. Chapter eight of Good Times, Bad Times, ‘A moving backdrop’, is particularly helpful for understanding our current economic situation, where Hills discusses different ways of thinking about the ‘fairness’ of policies at times of rapid change; and the large but often unnoticed impact of ‘do nothing’ policies that result in fiscal drag or benefit erosion."

    Recommended by Dr Kate Summers, British Academy Postdoctoral Fellow, Department of Methodology, LSE

  • Growth for Good cover

    Growth for Good: reshaping capitalism to save humanity from climate catastrophe. Alessio Terzi (Harvard University Press, 2022)

    ‘’Constructing a compelling argument based on economics, politics and history, Alessio Terzi explains how capitalism provides the most feasible – and attractive – route to tackling the climate crisis. But successfully navigating this at pace requires a new kind of capitalism with active governments, businesses and citizens driving growth that is more inclusive, greener and healthier. In Growth for Good Terzi provides an optimistic and evidence-based message to guide policy during this decisive decade and beyond.’’

    Recommended by Dr Anna Valero, Senior Policy Fellow at the Centre for Economic Performance, Deputy Director of the Programme on Innovation and Diffusion and Associate of the Grantham Research Institute, LSE


Thanks to the LSE staff who helped with putting together this reading list, which was compiled by Dr Rosemary Deller, Managing Editor of LSE Review of Books.

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