{"id":25477317,"date":"2021-07-22T21:25:20","date_gmt":"2021-07-22T15:55:20","guid":{"rendered":"https:\/\/entri.app\/blog\/?p=25477317"},"modified":"2021-07-27T13:13:27","modified_gmt":"2021-07-27T07:43:27","slug":"books-by-famous-economists","status":"publish","type":"post","link":"https:\/\/entri.app\/blog\/books-by-famous-economists\/","title":{"rendered":"Best Books by Famous Economists &#8211; Texts and its Significance"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d3e6b830571\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d3e6b830571\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/entri.app\/blog\/books-by-famous-economists\/#Top_4_Foundation_Texts_for_Economics\" >Top 4 Foundation Texts for Economics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/entri.app\/blog\/books-by-famous-economists\/#Best_3_Fundamental_Economics_Texts\" >Best 3 Fundamental Economics Texts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/entri.app\/blog\/books-by-famous-economists\/#Field-Specific_Economics_Books\" >Field-Specific Economics Books<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/entri.app\/blog\/books-by-famous-economists\/#List_of_Important_Publications_in_Economics\" >List of Important Publications in Economics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/entri.app\/blog\/books-by-famous-economists\/#An_Extra_Bounce\" >An Extra Bounce!<\/a><\/li><\/ul><\/nav><\/div>\n<p>Are you interested in economics? If so, you should build a base in economics. How do build a foundation for the study of economics? Books can help you in this situation. Reading books related to economics can save the situation. Let&#8217;s get acquainted with the famous books written by economists of all times. Get your eyes on top books To read on economics and the best economic book 2021.<\/p>\n<p>It is inevitable to discover the passionate area in the field of economics. This can be done through reading the apt books. The books can help you to locate your area of interest. Here is the list of both classical and contemporary books written by famous economists. The historical understanding of economics is possible only through the books. The modern idea for enhancing the economic structure of our country is only possible through books related to economics.<\/p>\n<p><a href=\"https:\/\/entri.sng.link\/Bcofz\/yv45\/8wer\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" width=\"345\" height=\"345\" class=\"aligncenter wp-image-25472714 size-full\" src=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner1-1-2.png\" alt=\"\" srcset=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner1-1-2.png 345w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner1-1-2-300x300.png 300w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner1-1-2-150x150.png 150w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner1-1-2-24x24.png 24w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner1-1-2-48x48.png 48w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner1-1-2-96x96.png 96w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner1-1-2-75x75.png 75w\" sizes=\"auto, (max-width: 345px) 100vw, 345px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Top_4_Foundation_Texts_for_Economics\"><\/span><strong>Top 4 Foundation Texts for Economics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>1. Freakonomics by \u00a0Steven D. Levitt and Stephen J. Dubner<\/strong><\/p>\n<ul>\n<li>Speaks how people respond to incentives<\/li>\n<li>Investigating seemingly non-economic subjects<\/li>\n<li>Even talks about how parents pick names for their children<\/li>\n<li>It is a book that can help in the populist application of economics.<\/li>\n<\/ul>\n<p><strong>2. The Armchair Economist: Economics and Everyday Life by Steven E. Landsburg<\/strong><\/p>\n<ul>\n<li>Book argues that economics can be boiled down to four words<\/li>\n<li>People\u2019s response to incentives is given priority.<\/li>\n<li>a layman&#8217;s introduction to economics<\/li>\n<li>Given through incentives and their implications<\/li>\n<li>Discusses the aspects of our lives that are influenced by them.<\/li>\n<li>The Armchair Economist\u00a0is another good introduction to the \u201cChicago school\u201d of economics<\/li>\n<\/ul>\n<p><strong>3. Naked Economics: Undressing the Dismal Science by Charles Wheelan<\/strong><\/p>\n<ul>\n<li>A refresher in economics<\/li>\n<li>an introduction to the broad strokes of the subject<\/li>\n<li>starts with one basic premise<\/li>\n<li>Talks about how people seek to maximize their utility<\/li>\n<li>a larger exploration of free-market theory and its implications.<\/li>\n<\/ul>\n<p><strong>4. Misbehaving: The Making of Behavioural Economics\u00a0 by Richard H. Thaler<\/strong><\/p>\n<ul>\n<li>Examines how the rational actor assumption often used in economic theory<\/li>\n<li>Deals with the misunderstandings of how humans think and act.<\/li>\n<li>Focuses on how human misbehaviour has consequences<\/li>\n<li>An impressive account of the major development in behavioural economics<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.sng.link\/Bcofz\/yv45\/8wer\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Attempt a mock test and start preparing for the upcoming exam!<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_3_Fundamental_Economics_Texts\"><\/span><strong>Best 3 Fundamental Economics Texts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>1.Capitalism and Freedom by Milton Friedman<\/strong><\/p>\n<ul>\n<li>Milton Friedman&#8217;s iconic work<\/li>\n<li>argues that economic freedom is a must to a free and liberal society<\/li>\n<li>Published in 1962<\/li>\n<li>Adopted worldwide.<\/li>\n<li>The work ranks among the top 100 non-fiction books<\/li>\n<li>written in English<\/li>\n<\/ul>\n<p><strong>2. The Wealth of Nations by Adam Smith<\/strong><\/p>\n<ul>\n<li>One of the most essential economics texts<\/li>\n<li>forms the underpinning of much of modern economic theory.<\/li>\n<li>the first book to lay down the foundation<\/li>\n<li>Fundamental text for the economic students<\/li>\n<li>Rereading fundamental text can provide a deeper understanding of the foundations of economics<\/li>\n<li>Talks about the transformation that happened in the field of economics over the last 300 years.<\/li>\n<\/ul>\n<p><strong>3. The Affluent Society by John Kenneth Galbraith<\/strong><\/p>\n<ul>\n<li>offers a contradictory view of the \u201cconventional wisdom\u201d<\/li>\n<li>Undermines all the underpinning modern economic theories and principles.<\/li>\n<li>The works argue that the conventional wisdom of economics is fundamentally flawed<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Field-Specific_Economics_Books\"><\/span><strong>Field-Specific Economics Books<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>1.The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It by Paul Collier<\/strong><\/p>\n<ul>\n<li>The Bottom Billion is a field-specific book that should be read and understand.<\/li>\n<li>Challenges the notion of the best way to help the poor in struggling economies<\/li>\n<li>Challenges the notion regarding the cash infusion.<\/li>\n<li>Argues that a more hands-on approach is the solution for every problem<\/li>\n<li>A must read and most recommended book<\/li>\n<\/ul>\n<p><strong>2. The Travels of a T-Shirt in a Global Economy by Pietra Rivoli<\/strong><\/p>\n<ul>\n<li>Talks about how globalization and free trade impact the cost of goods<\/li>\n<li>Provides a way to see globalization<\/li>\n<li>Looks at a deeply complicated issue<\/li>\n<li>Must read for the students working in the fields of international trade<\/li>\n<\/ul>\n<p><strong>3. Plunder and Blunder: The Rise and Fall of the Bubble Economy by Dean Baker<\/strong><\/p>\n<ul>\n<li>Offers a look at the causes of the housing bubble<\/li>\n<li>The book talks about the housing bubble that precipitated the 2001 and 2007 market crashes.<\/li>\n<li>A must-read for those who are inserted in the field of pure economics<\/li>\n<li>Dean Baker analyses the causes and effects of the crash<\/li>\n<li>He discusses the reason why people ignored the signs of an oncoming economic disaster<\/li>\n<li>He talks about the measures to prevent future financial bubbles.<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.sng.link\/Bcofz\/yv45\/8wer\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Get the latest Gk and Current Affairs quiz here!<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"List_of_Important_Publications_in_Economics\"><\/span><strong>List of Important Publications in Economics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here is the list of the books that you can refer to if you are interested in the field of economics.<\/p>\n<table width=\"458\">\n<thead>\n<tr>\n<td>\u00a0Book Name<\/td>\n<td>Author<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>The Wealth of Nations<\/td>\n<td>Adam Smith<\/td>\n<\/tr>\n<tr>\n<td>The General Theory of Employment, Interest and Money<\/td>\n<td>J.M. Keynes<\/td>\n<\/tr>\n<tr>\n<td>The Economic Consequences of the Peace<\/td>\n<td>J.M. Keynes<\/td>\n<\/tr>\n<tr>\n<td>Essays in Persuasion<\/td>\n<td>J.M. Keynes<\/td>\n<\/tr>\n<tr>\n<td>The Invisible Hand<\/td>\n<td>Adam Smith<\/td>\n<\/tr>\n<tr>\n<td>Money Mischief<\/td>\n<td>Milton Friedman<\/td>\n<\/tr>\n<tr>\n<td>Why Government Is the Problem<\/td>\n<td>Milton Friedman<\/td>\n<\/tr>\n<tr>\n<td>There is no such thing as a Free Lunch<\/td>\n<td>Milton Friedman<\/td>\n<\/tr>\n<tr>\n<td>A Treatise on Money<\/td>\n<td>J.M. Keynes<\/td>\n<\/tr>\n<tr>\n<td>Indian Currency and Finance<\/td>\n<td>J.M. Keynes<\/td>\n<\/tr>\n<tr>\n<td>Capitalism and Freedom<\/td>\n<td>Milton Friedman<\/td>\n<\/tr>\n<tr>\n<td>Theories of Surplus Value<\/td>\n<td>Karl Marx<\/td>\n<\/tr>\n<tr>\n<td>Wage, Labour and Capital<\/td>\n<td>Karl Marx<\/td>\n<\/tr>\n<tr>\n<td>The Poverty of Philosophy<\/td>\n<td>Karl Marx<\/td>\n<\/tr>\n<tr>\n<td>Price Theory<\/td>\n<td>Milton Friedman<\/td>\n<\/tr>\n<tr>\n<td>The Road to Serfdom<\/td>\n<td>F.A. Hayek<\/td>\n<\/tr>\n<tr>\n<td>The Pure Theory of Capital<\/td>\n<td>F.A. Hayek<\/td>\n<\/tr>\n<tr>\n<td>The Fatal Conceit: The Errors of Socialism<\/td>\n<td>F.A. Hayek<\/td>\n<\/tr>\n<tr>\n<td>The Constitution of Liberty<\/td>\n<td>F.A. Hayek<\/td>\n<\/tr>\n<tr>\n<td>Das Kapital<\/td>\n<td>Karl Marx<\/td>\n<\/tr>\n<tr>\n<td>Money, Credit and Commerce<\/td>\n<td>Alfred Marshall<\/td>\n<\/tr>\n<tr>\n<td>Principles of Political Economy<\/td>\n<td>Thomas Malthus<\/td>\n<\/tr>\n<tr>\n<td>Principles of Economics<\/td>\n<td>Alfred Marshall<\/td>\n<\/tr>\n<tr>\n<td>The Theory of Moral Sentiments<\/td>\n<td>Adam Smith<\/td>\n<\/tr>\n<tr>\n<td>The Money Game<\/td>\n<td>Adam Smith<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"An_Extra_Bounce\"><\/span><strong>An Extra Bounce!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here is the list of another set of books that can help you to enhance your knowledge in economics. If you need to gain more professional knowledge in economics, you need to read any of these books in additional books apart from the foundational texts.<\/p>\n<ul>\n<li>Economics in One Lesson: Henry Hazlitt<\/li>\n<li>Basic Economics: Thomas Sowell<\/li>\n<li>Capitalism and Freedom: Milton Friedman<\/li>\n<li>Doughnut Economics: Kate Raworth<\/li>\n<li>The Big Short\u00a0by Michael Lewis<\/li>\n<li>Post-Capitalist Society\u00a0by Peter F. Drucker<\/li>\n<li>Lean In: Women, Work, and the Will to Lead\u00a0by Sheryl Sandberg<\/li>\n<li>The Upside of Inequality: How Good Intentions Undermine the Middle Class\u00a0by Edward Conard<\/li>\n<li>An Inquiry into the Nature and Causes of the Wealth of Nations\u00a0by Adam Smith<\/li>\n<li>Postcapitalism: A Guide to Our Future\u00a0by Paul Mason<\/li>\n<li>This Changes Everything: Capitalism vs. the Climate\u00a0by Naomi Klein<\/li>\n<li>Guns, Germs and Steel: The Fates of Human Societies\u00a0by Jared Diamond<\/li>\n<li>The Rational Optimist: How Prosperity Evolves\u00a0by Matt Ridley<\/li>\n<\/ul>\n<p>If you want to learn professional knowledge in economics, you should read and understand the books mentioned above and learn professional skills. Hope this article on Best Books by Famous Economists helped you.<\/p>\n<p><a href=\"https:\/\/entri.sng.link\/Bcofz\/yv45\/8wer\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" width=\"970\" height=\"250\" class=\"aligncenter wp-image-25472716 size-full\" src=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner-1-1-2.png\" alt=\"\" srcset=\"https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner-1-1-2.png 970w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner-1-1-2-300x77.png 300w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner-1-1-2-768x198.png 768w, https:\/\/entri.app\/blog\/wp-content\/uploads\/2021\/06\/blog-banner-1-1-2-750x193.png 750w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you interested in economics? If so, you should build a base in economics. How do build a foundation for the study of economics? Books can help you in this situation. Reading books related to economics can save the situation. Let&#8217;s get acquainted with the famous books written by economists of all times. Get your [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":25477319,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[802,558],"tags":[],"class_list":["post-25477317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-general-knowledge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Best Books by Famous Economists - Texts and its Significance - Entri<\/title>\n<meta name=\"description\" content=\"Check here to know about the Best Books by Famous Economists - Texts and its Significance. 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