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ECONOMICS » FINANCE
Most Recommended Books
Manias, Panics, and Crashes: A History of Financial Crises by Charles Kindleberger
This Time Is Different by Carmen Reinhart & Kenneth Rogoff
Common Sense on Mutual Funds by John C. Bogle
Against the Gods by Peter L Bernstein
Browse book recommendations:
- Behavioural Economics
- Development Economics
- Economic History
- Economics Textbooks
- Fiction Recommended by Economists
- Finance
- Financial Crisis
- Globalization Books
- Inequality Books
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Finance makes the world go around, so it’s important that you understand at least the very basics. We have two introductory interviews on finance: one is an ‘understanding high finance’ reading list with journalist and novelist John Lanchester, who taught himself all about it. The other is with Andrew Lo, a leading light in the field and a professor who teaches finance at MIT.
Beyond those, Jason Zweig takes us through his best books on personal finance and Burton Malkiel chooses his best books on investing. Marc Faber chooses his best books on investment. James Owen Weatherall chooses his top books on physics and financial markets and Jonathan Gruber chooses his best books on public finance. Gary Gorton looks at financial crises, and Charles Morris at crashes.
A number of finance books are recommended more than once. Andrew Lo and Charles Morris both choose This Time It’s Different by Carmen Reinhart and Kenneth Rogoff. Burton Malkiel and Jason Zweig both recommend Common Sense on Mutual Funds by John C Bogle. Zweig and John Lanchester both recommend Against the Gods: the Remarkable Story of Risk by Peter Bernstein as a great introduction to the history of how the mastering of probability helped to transform human society. Morris and Faber both choose Manias Panics Crashes: A history of Financial Crashes by Charles P Kindleberger.
RELATED:
There is, of course, a lot of overlap in this subject with investment, but if you’re looking for books specifically on investment, please click on our ‘How to Invest’ section. All our interviews on financial crises can be found here.
Best books about CRYPTOCURRENCY, recommended by David Birch
- Read1The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order
by Michael Casey & Paul Vigna - Read2Digital Cash: The Unknown History of the Anarchists, Utopians, and Technologists Who Created Cryptocurrency
by Finn Brunton - Read3A History of Money
by Glyn Davies - Read4Paid: Tales of Dongles, Checks, and Other Money Stuff
Bill Maurer and Lana Swartz (eds) - Read5The Basics of Bitcoins and Blockchains
by Antony Lewis
Best books about FINANCE, recommended by Andrew W Lo
- Read1The Worldly Philosophers
by Robert L Heilbroner - Read2A Random Walk Down Wall Street
by Burton Malkiel - Read3Capital Ideas: The Improbable Origins of Modern Wall Street
by Peter L Bernstein - Read4Continuous-Time Finance
by Robert Merton - Read5This Time Is Different
by Carmen Reinhart & Kenneth Rogoff
Best books about INVESTING, recommended by Burton Milkier
- Read1Winning the Loser’s Game
by Charles D. Ellis - Read2The Little Book of Safe Money
by Jason Zweig - Read3Common Sense on Mutual Funds
by John C. Bogle - Read4The Black Swan
by Nassim Nicholas Taleb - Read5The Investor’s Manifesto
by William J. Bernstein
Best books about PERSONAL FINANCE, recommended by Jason Zweig
- Read1Common Sense on Mutual Funds
by John C. Bogle - Read2Why Smart People Make Big Money Mistakes
by Gary Belsky & Thomas Gilovich - Read3Against the Gods
by Peter L Bernstein - Read4Where Are the Customers’ Yachts?
by Fred Schwed - Read5How To Lie With Statistics
by Darrell Huff
Best books about PHYSICS AND FINANCIAL MARKETS, recommended by James Owen Weatherall
- Read1The Misbehavior of Markets: A Fractal View of Financial Turbulence
by Benoit B. Mandelbrot - Read2Foundations of Economic Analysis
by Paul A. Samuelson - Read3Why Stock Markets Crash: Critical Events in Complex Financial Systems
by Didier Sornette - Read4Beat the Market: A Scientific Stock Market System
by Edward O. Thorp and Sheen T. Kassouf - Read5The Trouble With Physics: The Rise of String Theory, The Fall of a Science, and What Comes Next
by Lee Smolin
Best books about PUBLIC FINANCE, recommended by Jonathan Gruber
- Read1Economics of the Public Sector
by Joseph E Stiglitz - Read2Taxing Ourselves
by Joel Slemrod & Jon Bakija - Read3Green Book
by Committee on Ways and Means, US House of Representatives - Read4Losing Ground
by Charles Murray - Read5Free For All?
by Joseph P Newhouse
Best books about UNDERSTANDING HIGH FINANCE, recommended by John Lanchester
- Read1The Money Game
by ‘Adam Smith’ - Read2Liar’s Poker
by Michael Lewis - Read3Against the Gods
by Peter L Bernstein - Read4Frozen Desire
by James Buchan - Read5Too Big to Fail
by Andrew Sorkin
Best books about FINANCIAL CRISES, recommended by Gary Gorton
- Read1A Brief Popular Account of all the Financial Panics and Commercial Revulsions in the US from 1690 to 1857
by Members of the New York Press - Read2History of Crises under the National Banking System
by O M W Sprague - Read3Hard Times
by Studs Terkel - Read4The Crucial Years
by Dorothea Lange - Read5A Primer on Securitization
by Edited by Leon Kendall and Michael Fishman
Best books about FINANCIAL CRASHES, recommended by Charles Morris
- Read1Manias, Panics, and Crashes: A History of Financial Crises
by Charles Kindleberger - Read2This Time Is Different
by Carmen Reinhart & Kenneth Rogoff - Read3John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman
by Robert Skidelsky - Read4A Demon of Our Own Design
by Richard Bookstaber - Read5Sources of the Self
by Charles Taylor
Best books about INVESTMENT, recommended by Marc Faber
- Read1Booms and Depressions
by Irving Fisher - Read2The Economics of Inflation
by Constantino Bresciani Turroni - Read3A History of Interest Rates
by Sidney Homer, Richard Sylla - Read4Manias, Panics, and Crashes: A History of Financial Crises
by Charles Kindleberger - Read5Collected Works of Jules Verne
by Jules Verne
Best books about THE POOR AND THEIR MONEY, recommended by Stuart Rutherford
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