Learn About Economics With The Help Of A Good Book

Unless you've been living under a rock for the last five years

, you can't have failed to notice that the ongoing global economic slump continues to plague political movers and shakers the world over. Numerous theories have been advanced as to how to get the global economy out of its current rut, but there are signs of deepening crisis in Europe and elsewhere. Now might be a good time, then, to brush up on economics and see for yourself just how we got into the current situation - and how we might get out of it.

23 Things They Don't Tell You About Capitalism - Ha-Joon Chang

Heterodox economist and Cambridge professor Ha-Joon Chang takes an accessible look at the reality behind the rhetoric of mainstream economics in 23 Things They Don't Tell You About Capitalism. Approaching the topic from a non-socialist perspective and in accessible style, Chang questions whether the free-market cheerleading of the last 30 years has really left us with a healthier global economy and also sets out to debunk some of the myths propagated by high-profile mainstream economists.

The Return of Depression Economics - Paul Krugman

Influential economist and author Paul Krugman, a winner of the Nobel Prize in economics, takes a look at the 2008 crisis and policy responses to it in The Return of Depression Economics and the Crisis of 2008. An updated version of a book originally published in 1999, this title sees Krugman - in typically lucid and engaging style - examine the role of financial deregulation and political complacency in the years running up to the financial crash. He also lays out a raft of measures intended to contain the crisis and set the global economy on the road to recovery.

How Markets Fail - John Cassidy

Journalist John Cassidy takes an exhaustive look at the ideology behind free-market economics in How Markets Fail, a critically-acclaimed account of the roots of the current financial crisis. Starting from Adam Smith's invisible hand and including other such economic luminaries as John Maynard Keynes, Milton Friedman, Friedrich von Hayek and Hyman Minsky, Cassidy makes a passionate call for a rejection of what he calls "utopian economics" and the adoption of a more pragmatic approach.

The Price of Inequality - Joseph Stiglitz

Among all the other issues raised in the aftermath of the 2008 financial crash, the distribution of wealth has been the subject of increasing interest from economists, humanitarians and politicians alike in recent years. Nobel prize winner and former World Bank chief economist Joseph Stiglitz examines the impact of the lop-sided distribution of wealth in The Price of Inequality and warns that failure to tackle the problem could hinder any attempt at recovery for years to come.

by: Alan Trotter

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