Taegan Lion
The economy is a very real system that often seems abstract to the layman. We feel its impact: but for many of us, much of what it is and how it works is a mystery. Which is a shame in light of its importance in supporting our consumption-heavy lifestyles and maintaining a semblance of order.
This is largely because of the mammoth size of the system and numerous components that keep the wheels turning. It makes dumbing things down to a level anyone would readily comprehend quite an undertaking. Thankfully, that’s what these best economic books do so well. They make understanding the modern economy (and finance) more accessible and less of a complex, giant blob.
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#1 The Feminist Financial Handbook by Brynne Conroy
In this book, author Brynne Conroy provides actionable tips for women in business to overcome these obstacles without dulling the visceral experience of the real-life struggles women face as they try to master their money management and their lives. Because women's experiences don't exist in a vacuum relegated to their gender, the handbook explores financial issues with anecdotes and perspectives of women of different races, sexual orientations and abilities. Whether you want to learn more about general financial planning principles, like saving or earning a higher income, or delve into issues that disproportionately affect women, like the wage gap or the long road to economic recovery after experiencing domestic violence, The Feminist Financial Handbook has stories and advice from women who have been there, worked through the struggle, and achieved personal success.
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Contributor: Brenda Knight from Mango Publishing
#2 MONEY Master the Game by Tony Robbins
In the book he describes a portfolio, that has absolute minimal risk. It is prepared for each economic season. This was described by Ray Dalio. He also gets the portfolio suggestions of finance titans; the CEO of JP Morgan Chase's Asset Wealth Management division, T. Boone Pickens, Chuck Scwhab and other accomplished names.
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Contributor: Andrew Jewell from JOID Investments
#3 The Global Economy as You’ve Never Seen It by Thomas Ramge
This innovative economic atlas breaks down the complex workings of the global economy in the simplest way possible-with 99 ingenious and illuminating full-size infographics that anyone can understand.
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Contributor: Jennifer Hergenroeder from The Experiment
#4 Big Debt Crises by Ray Dalio
This is THE book to read to understand current complex financial markets and economy, especially to understand why the 2008 financial meltdown actually happened at a macroeconomic level. Also very easy to read. Written by one of the most prolific hedge fund managers ever.
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Contributor: Prateek Agarwal from Intelligent Economist
#5 The Theory of the Leisure Class by Thorstein Veblen
Unlike most works that describe economics as a series of formulas and resource allocations, Veblen describes economics as the natural outcome of class warfare and an inherent desire for social recognition. This book provides a new perspective on why people buy what they buy, why many luxury items really exist, and the reasoning behind the famous economic term that bears the author's name: Veblen good.
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Contributor: Adam Juda from TapRun Consulting
#6 Capitalism and Freedom by Milton Friedman
This book is about how competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. This book gives an in-depth look at various market factors that capitalism affects and is affected by. Compared to other books on economics, it is very concise and well written. This book will show you how you can use the economic system to make yourself an independent person, capable of taking advantage of the liberty that free markets promote.
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Contributor: Mark from Lasting Trend
#7 Misbehaving by Richard H. Thaler
The book reveals the birth and reasoning of behavioral economics. It’s the blend of well-proven economics concept and the fact that human beings do not act as rational robots. The book offers a fresh perspective to classical economic theories as well as practical advice for marketers. It is both a fun read and an eye-opener for those who believe they know how the economy works.
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Contributor: Illia Termeno from Extrabrains marketing agency
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