100 Best Development Economics Books of All Time

Mark ZuckerbergMy next book for A Year of Books is Why Nations Fail by Daron Acemoğlu and James A. Robinson. This book explores the different kinds of social institutions and incentives that nations have applied to encourage prosperity, economic development and elimination of poverty. This is a good complement to our last book, Portfolios of the Poor, which focused on how people live in poverty. This one... (Source)

Bill Gates"I read two books that raise big, interesting questions about social change and technological progress. I’m planning to write longer reviews of each of these books, but let me flag them for you now. One is Why Nations Fail: The Origins of Power, Prosperity, and Poverty by Daron Acemoglu and James A. Robinson.The topic of this book is why some countries have prospered and created great living... (Source)

George MagnusThe role of institutions is really important for societal development. (Source)

Bill GatesDoes a great job of bringing alive the complexities of poor people’s lives. (Source)

Harini Calamur@ask0704 Read his book. I don't agree with some of the things he says. But, it is a great read on understanding poverty (Source)

Barack ObamaAs 2018 draws to a close, I’m continuing a favorite tradition of mine and sharing my year-end lists. It gives me a moment to pause and reflect on the year through the books I found most thought-provoking, inspiring, or just plain loved. It also gives me a chance to highlight talented authors – some who are household names and others who you may not have heard of before. Here’s my best of 2018... (Source)

Bill GatesThis was a breakthrough to me. The framework Hans enunciates is one that took me decades of working in global development to create for myself, and I could have never expressed it in such a clear way. I’m going to try to use this model moving forward. (Source)

Nigel WarburtonIt’s an interesting book, it’s very challenging. It may be over-optimistic. But it does have this startling effect on the readers of challenging widely held assumptions. It’s a plea to look at the empirical data, and not just assume that you know how things are now. (Source)

Malcolm GladwellI don’t need to say much here. This book invented an entire genre. Economics was never supposed to be this entertaining. (Source)

Daymond JohnI love newer books like [this book]. (Source)

James Altucher[James Altucher recommended this book on the podcast "The Tim Ferriss Show".] (Source)

Bill GatesCapital sparked a fantastic global discussion this year about inequality. Piketty kindly spent an hour discussing his work with me before I finished my review. As I told him, although I have concerns about some of his secondary points and policy prescriptions, I agree with his most important conclusions: inequality is a growing problem and that governments should play a role in reducing it. I... (Source)

David Heinemeier HanssonThis is the book that was catapulted by its conclusion: r > g. That the rate of return on capital is greater than the growth rate of the economy. Which means that capital, and the people who own it, will end up with a larger and larger share of all wealth and income in the economy as time goes on. It’s a dense dive into the historical data on wealth, income, and economic growth from the optic of... (Source)

George MonbiotPiketty explains the economic crisis that we face in ways that also explain the political crisis. He does this by talking about the rise of what he calls ‘patrimonial capital’: wealth arising from inheritance, rent, and interest payments which greatly outweighs any wealth arising from hard work and enterprise. (Source)

Bill GatesOn the short list of books that I recommend to people. (Source)

Nicholas KristofThere’s been a tendency for people looking at global poverty to either emphasise the extraordinary difficulty in making a difference or to make it seem almost too easy. What I really liked about The Bottom Billion is that he acknowledges how difficult it can be to end poverty, but also offers some important ideas about how one can actually make a difference. (Source)

Jeff BezosBrad Stone's new book, The Everything Store, describes how Bezos developed this strategy after reading another book called The Innovator's Dilemma by Harvard professor Clayton Christensen. (Source)

Steve JobsIt's important that we make this transformation, because of what Clayton Christensen calls "the innovator's dilemma," where people who invent something are usually the last ones to see past it, and we certainly don't want to be left behind. (Source)

Max Levchin[Max Levchin recommended this book as an answer to "What business books would you advise young entrepreneurs read?"] (Source)

Bill Gates[On Bill Gates's reading list in 2011.] (Source)

Jeffrey D SachsThe book is an attempt to put forward this proposition that we have in our hands now the means to end extreme poverty within our generation. (Source)

Gretchen PetersJeffrey Sachs gives a fascinating and very basic new way of looking at development. Essentially, we all benefit when the poorest people are better off. (Source)

Daymond JohnThere are the normal ones that everybody loves. There would be "Rich Dad Poor Dad," "Who Moved My Cheese?;" I love all the Dale Carnegie books; "The One Minute Manager." I love newer ones like "Blue Ocean Strategy" and all the "Freaknomics" books. (Source)

Ryan HolidayI don’t remember who originally told me to read Blue Ocean Strategy but I’m glad they did because this simple recommendation would substantially shape the course of my life and my career. (Source)

Santiago BasultoIt’s hard to pick a favorite business book, they all have a lot of insight spread among different publications. But if I’d need to choose one, it’d be The Blue Ocean Strategy. It completely changed my way of seeing business when I was just getting started. It’s filled with amazing stories and insights. (Source)

Bill GatesFascinating.... Lays a foundation for understanding human history. (Source)

Daniel EkA brilliant Pulitzer Prize-winning book about how the modern world was formed, analyzing how societies developed differently on different continents. (Source)

Yuval Noah HarariA book of big questions, and big answers. The book turned me from a historian of medieval warfare into a student of humankind. (Source)

Zainab SalbiHalf the Sky was one of the tipping points in the discussion of how we re-energise the women’s movement and expand it to a mainstream audience that is more inclusive of women and men; individuals who are deeply concerned about global issues but who have not necessarily been aware about women’s issues before. This book elevated the topic of women’s rights and made it acceptable for every woman and... (Source)

Mia FarrowWomen in so much of the world are doing so much of the labour without having any of the rights or reaping their share of the profits. (Source)

Pierre FerrariOne of the most powerful books I've ever read on #GenderEquality is Half the Sky: Turning Oppression into Opportunity for Women Worldwide by @NickKristof & @WuDunn: https://t.co/uj5rfxlmZm. Let's do more to support women in our daily lives! #WomenWednesday #SDGs (Source)

Roger ThurowI chose this book for the power of the story that he tells – the founding of Grameen Bank and the success that it has had. (Source)

Elon MuskAdam Smith FTW obv. (Source)

Barack ObamaObama, unsurprisingly, appears to be more drawn to stories sympathetic to the working classes than is McCain. Obama cites John Steinbeck’s “In Dubious Battle,” about a labor dispute; Robert Caro’s “Power Broker,” about Robert Moses; and Studs Terkel’s “Working.” But he also includes Adam Smith’s “Wealth of Nations” and “Theory of Moral Sentiments” on his list. (Source)

Neil deGrasse TysonWhich books should be read by every single intelligent person on planet? [...] The Wealth of Nations (Smith) [to learn that capitalism is an economy of greed, a force of nature unto itself]. If you read all of the above works you will glean profound insight into most of what has driven the history of the western world. (Source)

George AyitteyYes. Dambisa Moyo, who was a student of mine at American University in Washington DC, represents a growing chorus of Africans who regard the Western foreign aid-driven development model – or the Washington consensus – to be an abysmal failure. More than $800bn in Western aid has been pumped into Africa since 1960, with little to show for it except a multitude of black elephants, show-airports... (Source)

Reid HoffmanIn her instructive and inspiring book #TheMomentOfLift, @melindagates explains why effective "delivery systems" are key to achieving massive impact, and what the secret is to creating them. https://t.co/UBOXhZxFp8 https://t.co/eHeNHurocx (Source)

Warren BuffettI think this is one of the best books I've ever read. (Source)

Barack ObamaIn her book, Melinda tells the stories of the inspiring people she’s met through her work all over the world, digs into the data, and powerfully illustrates issues that need our attention―from child marriage to gender inequity in the workplace. (Source)

Bill GatesIf you want to learn about why human welfare overall has gone up so much over time, you should read [this book]. (Source)

David PillingThere are two strands to this book. Funnily enough, it has some overlap with the Hans Rosling book Factfulness because The Great Escape is actually the escape from poverty. The title comes from the movie of the same name, where some people escape from a German prisoner of war camp. His question is: is that good? They are now better off than the poor buggers left behind. So, with the inequality... (Source)

John KayHe provides an explanation for why Western Europe was the cradle for modern economic growth and looks at the development of the institutions that made modern economic development possible. (Source)

Diane CoyleThe Wealth And Poverty of Nations is one of several really fantastic economic history books of recent times. (Source)

Sean TurnellIt’s the most erudite examination of what causes economic development and growth that’s been written in many decades. (Source)

Anurag RamdasanAmazing insights into the economic warfare cast over the last few decades and its implications on the world in different ways

Clare LockhartSo my third book choice is The Mystery Of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. Hernando de Soto is a Peruvian economist and one of his earliest books was The Other Path, as opposed to the Shining Path, which documents his attempts, along with the government of Peru, to engage with the Shining Path. And his basic thesis in that book is that many so-called... (Source)

Chiki SarkarJust in and Looking good - the new book by the best selling and super brilliant authors of poor economics. ⁦@juggernautbooks⁩ https://t.co/wcHLVehE1x (Source)

John QuigginIt very much reflects the positive direction of economics over the past decade or two. It’s focused on data and randomized control tests. It’s about developing policy improvements that will make life better for people and working out which kinds of policy interventions actually work and which don’t—without an excessively dogmatic starting point. So the general spirit is to say, ‘Let’s look at... (Source)

Duan PavloviThank you @rcbregman for this great book! (I am writing a short review, but only in Serbian for a Serbian daily.) (Source)

Barack ObamaFact or fiction, the president knows that reading keeps the mind sharp. He also delved into these non-fiction reads (Source)

Bill GatesKatherine Boo spent three years getting to know the people of Annawadi, a slum of about 3,000 people on the edge of a sewage-filled lake in India’s largest city. Her book is a poignant reminder of how much more work needs to be done to address the inequities in the world. But it’s also an uplifting story of people striving to make a life for themselves, sacrificing for their families, and in... (Source)

Adam MinterVivid scenes of walking down Mumbai’s Airport Road, lined by shacks and trash pickers, and behind them are walls, and behind them are the finest five star hotels in India. (Source)

Tim O'ReillyI am loving @KateRaworth’s book Doughnut Economics. It puts #inequality in a far broader context, connecting a great many 21st century problems with a single vision. Every business leader and every policy maker should read it. For a quick summary, see https://t.co/harwQvlLlC (Source)

George MonbiotDoughnut Economics tries to reconcile an environmental vision with the vision of widely shared prosperity. (Source)

Fernando Lelo Larrea🍩Amazing book by @KateRaworth #DoughnutEconomics . I really wish all my Economics students can read it. Fundamental rethinking of our science and what lays ahead. https://t.co/oWUL1TwSYh (Source)

Esther DysonAn explanation of scarcity for rich intellectuals, showing how poor people do stupid things for lack of money, while rich people do stupid things for lack of time. (Source)

Barack ObamaFact or fiction, the president knows that reading keeps the mind sharp. He also delved into these non-fiction reads: Age of Ambition: Chasing Fortune, Evan Osnos Thinking, Fast and Slow, Daniel Kahneman Moral Man And Immoral Society, Reinhold Niebuhr A Kind And Just Parent, William Ayers The Post-American World, Fareed Zakaria Lessons in Disaster, Gordon Goldstein Sapiens: A Brief History of... (Source)

Bill Gates[On Bill Gates's reading list in 2012.] (Source)

David MarquandZakaria is Indian by origin and he went to America in his youth. He is now a very prominent journalist in America. His thesis is that America, while still being a superpower, has got to contend with the rise of other countries. It can no longer call the shots in the new world that is developing. This is not a new thesis, but he puts it forward very powerfully and very well. He also looks at the... (Source)

Herman MashabaAt long last - Just finished reading this great & profound book by Lee Kuan Yew. This is a MUST read book https://t.co/apwQTxev4A (Source)

Patrick Collison@jaimani I love that book... (Source)

Xi-Wei YeoNon-fiction, I’d definitely credit From Third World to First: The Singapore Story by Lee Kuan Yew as one of my key inspirations. Lee Kuan Yew was one of the greatest leaders and thinkers of the 20th Century, and as a Singaporean, understanding his struggles and candidness behind his “hard” decisions was revelatory. (Source)

Lee MckenzieThis is a great book and by far the best thing I have read for a while. If you are curious about the world in which we live, geopolitics or just fancy something a little different, you couldn’t do much better than this. Coffee optional! @Itwitius 👏🏻 #prisonersofgeography https://t.co/Gd3G2tDVyT (Source)

Sunil Chhetri@TaranaRaja The cover got me and I'm sure the book is very, very interesting! (Source)

Lucas MoralesDepending on your interest and goals, if you are like me and always looking for the trends in the big picture then I highly recommend being an active contrarian reader. Read what no one else is reading. Your goal is to think outside the box. To look at the world and ask “why hasn’t this been solved?” And that gives you a roadmap as to what opportunities may exist for your entrepreneurial efforts.... (Source)

Danny DorlingWhat I liked especially about The Spirit Level is the way it builds a case that inequality is phenomenally dysfunctional. (Source)

Bill GatesI have mixed feelings about The Price of Inequality: How Today’s Divided Society Endangers Our Future by Joseph E. Stiglitz. Stiglitz’s contributions are important in that he really does a good job of articulating the issues of inequality and the economic factors that underlie it. He raises important questions about whether it’s getting harder for people in the U.S. to move up the economic... (Source)

Francisco BethencourtI’m working now on a history of inequality, because while I was working on racism I was bumping into this issue all the time. It is indeed a political problem. (Source)

Lucas MoralesDepending on your interest and goals, if you are like me and always looking for the trends in the big picture then I highly recommend being an active contrarian reader. Read what no one else is reading. Your goal is to think outside the box. To look at the world and ask “why hasn’t this been solved?” And that gives you a roadmap as to what opportunities may exist for your entrepreneurial efforts.... (Source)

Carlton Douglas Ridenhour.@ClaudeAnderso #PayAttention 2020 decade a must . https://t.co/3YIzAm5J8y and All his other books (Source)

Nassim Nicholas TalebThe fact that top-down development methods are great on paper but have not produced benefits ("so far") is a point Easterly has made before, heavily influencing yours truly in the formation his own argument against naive interventionism and the collection of "humanitarians" fulfilling their personal growth and shielding themselves from their conscience... This is more powerful: the West has been... (Source)

Michael LindThe three leading countries of industrial capitalism – the United States, Germany and Japan – developed by using techniques, as Ha-Joon Chang points out, that are the opposite of what are supposed to work. There are endless bestselling books about how the West developed and how it became rich. It’s a genre that says that if you just have democracy and government acts as an umpire and doesn’t... (Source)

Bill GatesI’ve told everyone at our foundation that I think it is worth taking the time to read [this book]. (Source)

Marvin LiaoI tend to jump from book to book and may switch if I am interested in some new topic. This is a pleasure for me (which I also do benefit work wise from too). It’s quite a random list because I have eclectic interests (or just scatterbrained most likely) on tech business, AI, general global economy, geopolitics, rising Biotech economy & history. I'm basically 15% to 50% into all these books. (Source)

Venkatesh RaoScott’s book is very important for anybody who wants to have an understanding of how complex modern societies work, why things seem to fail predictably, and what you can do about them, to a limited extent. (Source)

Clare LockhartSeeing Like A State. He’s quite similar to Dewey in a way. He also sees the state as only a mechanism. But he thinks that the way that the state chooses to count, or the way it chooses to see, will inform how it behaves and what kind of animal it becomes. Scott explains, for example, how in France, in early modern times, the state decided to count two things. It decided to count how much salt... (Source)

Bill GatesStudwell produces compelling answers to two of the greatest questions in development economics: How did countries like Japan, Taiwan, South Korea, and China achieve sustained, high growth? And why have so few other countries managed to do so? His answers come in the form of a simple—and yet hard to execute—formula: (1) create conditions for small farmers to thrive, (2) use the proceeds from... (Source)

Mark ZuckerbergIt's mind-blowing that almost half the world — almost 3 billion people — live on $2.50 a day or less. More than one billion people live on $1 a day or less. This book explains how these families invest their money to best support themselves. I hope reading this provides some insight into ways we can all work to support them better as well. (Source)

Seth GodinAs we head toward the end of the year, I think you'll find inspiration in the work of people who show up and do the work. Daily. For decades. Jacqueline Novogratz and her classic book, The Blue Sweater continue to change lives. (Source)

Nicholas KristofThe Blue Sweater is a book by somebody who has really pioneered the use of business solutions to address poverty, Jacqueline Novogratz. (Source)

Marc AndreessenThe Sovereign Individual—written 20 years ago, this is the most thought provoking book on the unfolding nature of the 21st Century that I’ve yet read. It’s packed with ideas on every page, many that are now fast becoming conventional wisdom, and many that are still heretical. Two related books to read are The Twilight of Sovereignty and Cryptonomicon. (Source)

Marvin LiaoThe Joy of Not Working (Zelinkski), Flash Foresight (Burrus), The Art of Worldly Wisdom (Gracian), Sapiens (Yuval), The End of Jobs (Pearson), Deep Work (Newport), Sovereign Individual (Davidson), The Fourth Economy (Davison) & The Monk & the Riddle (Komisar). Every single one of these books completely changed how I looked at everything in the world & literally pushed my life in a new direction.... (Source)

Ryan Shea[Ryan Shea said this is one of his most-recommended books.] (Source)

Bill GatesCollier’s latest book is a thought-provoking look at a topic that’s top of mind for a lot of people right now. Although I don’t agree with him about everything—I think his analysis of the problem is better than his proposed solutions—his background as a development economist gives him a smart perspective on where capitalism is headed. (Source)

Trevor Ncube"Our values, intertwined with practical reasoning, combine the heart and the head. POPULISM offers the headless heart; IDEOLOGY offers the heartless head." This book is a serious mind bender. Fascinating. #twitterbookclub https://t.co/TGdzOr9KXQ (Source)

Barack ObamaAs 2018 draws to a close, I’m continuing a favorite tradition of mine and sharing my year-end lists. It gives me a moment to pause and reflect on the year through the books I found most thought-provoking, inspiring, or just plain loved. It also gives me a chance to highlight talented authors – some who are household names and others who you may not have heard of before. Here’s my best of 2018... (Source)

Michael DellThe authors make a case for a future world that is better, not worse, than the one we inherited. That may seem far-fetched given the problems we see flashing across our screens every day. But there is reason for optimism, and it starts and ends with one of my favorite things, technology. (Source)

Dominic Steil[One of the books that had the biggest impact on .] (Source)

Bill EarnerFour Pillars has a good methodology for thinking about how to save and invest personally so definitely useful. (Source)

John QuigginGalbraith didn’t invent the role of public intellectual/social critic but he certainly occupied it incredibly effectively. He’s making the point – about the US in the 1950s, but it’s even more true today – that at the same time as we have this incredible array of consumer goods, the goods which we rely on the public to provide are decaying. Private affluence and public squalor is the great... (Source)

Leah LizarondoThese books propelled me to want to work on a social enterprise and underscored my passion for making a difference in food policy. I believe we can build an innovative company that has deep social impact. That we can use the same mindsets that single bottom-line companies have to build successful triple and quadruple bottom-line companies. It is the holy grail -- for your work to present the... (Source)

Larry SummersGlobalization and its Discontents is a book that anyone looking for a rounded set of perspectives on globalization should read. (Source)

Duncan WeldonI’ve read Crashed and it’s fantastic (review out next month). This is really useful framing. The financial crisis might seem like an unusual “next book” after Adam’s history of 1916-1931 (The Deluge)- but capital flows sit at the heart of both of them. https://t.co/obS3fTxMPX (Source)

Christina RomerThis book is important for helping to answer the question, why was the Great Depression a worldwide phenomenon? (Source)

Miracle OlatunjiThis book is highly relevant not only for young professionals but also for any and all professionals, leaders, entrepreneurs- everyone. We are nearing the start of an era known as the ‘fourth industrial revolution’ which is set to fundamentally changing the way we live, work and relate with one another. In this book, Klaus Schwab, who is the Founder and Executive Chairman of the World Economic... (Source)

Bob DuffyWe love Jonathan Gruber’s book/the fact that he ranked Rochester #1. ⁦⁦@melindagates⁩ Jump-Starting America: New book by MIT's Jonathan Gruber and Simon Johnson argues that public investment in science is key to revving up the U.S. growth engine https://t.co/5UF51TQGis (Source)

Gene SperlingJump-Starting America is an important book by Simon Johnson @baselinescene & Jon Gruber. Combines 2 powerful ideas: importance of BIG public research and regional strategies for middle-class job creation strategy. Big idea here that deserves attention. https://t.co/wSJOI8Kxgt (Source)

Ro Khanna@Noahpinion Love the book (Source)

Simon Emilio Turkas@fbpe_gina @GeorgeMonbiot Ooh thanks, I haven't seen that, I'll check it out! I finished the book today and it was excellent, and now started 'Postcapitalism - A guide to out future' by @paulmasonnews which so far is very inspiring 😊 https://t.co/35ozoXlgRh (Source)

Lucas MoralesDepending on your interest and goals, if you are like me and always looking for the trends in the big picture then I highly recommend being an active contrarian reader. Read what no one else is reading. Your goal is to think outside the box. To look at the world and ask “why hasn’t this been solved?” And that gives you a roadmap as to what opportunities may exist for your entrepreneurial efforts.... (Source)