53 Best Books on Economics

“Advanced Economic Theory” (Ahuja H L) Book Review: This advanced textbook is a valuable resource for students studying advanced economic theory. It covers microeconomics in depth, including mathematical formulas and a wide range of theoretical and conceptual topics. The book explores economic efficiency, the concept of utility, and analyzes the Hicksian and Slutsky substitution effect. It also provides critical analysis and important distinctions of various functions in the field. The book incorporates recent developments in the field and is an essential reference for students looking to gain a comprehensive understanding of advanced economic theory.

“Advanced Economic Theory” (JHINGAN) Book Review: This textbook is a valuable resource for students studying advanced economic theory. It delves into both micro and macroeconomics concepts and theories, with a particular emphasis on advanced topics and chapters. Prior knowledge of basic economic theory is required to fully understand the content presented in this book.

“Advanced Economic Theory” (S L Swami) Book Review: This book is a comprehensive guide for economics students and professionals. The book covers a wide range of topics, including microeconomics, game theory, general equilibrium, and welfare economics. The chapters are well-structured, with clear explanations and examples. Swami also includes exercises and problem sets to help readers deepen their understanding. This book is a valuable resource for anyone looking to expand their knowledge of economic theory.

“Advanced Economic Theory” (S R Singh) Book Review: This textbook is essential for students seeking fundamental knowledge in the principles of advanced economics. It primarily concentrates on advanced economic models and methodologies, and aims to elucidate the foundation of advanced micro and macro economics for the readers. The textbook also emphasizes paradigms, theories, and hypotheses of advanced economics, making it a valuable resource for learners seeking a comprehensive understanding of the subject.

“Applied Welfare Economics: Cost-Benefit Analysis of Projects and Policies (Routledge Advanced Texts in Economics and Finance)” Book Review: This book serves as a comprehensive guide to the empirical estimation of shadow prices, social cost of labor and capital, and risk assessment. It also covers the international experience with CBA, evaluation of major projects, economic rates of return sectors, and a case study on privatization. The book offers a balanced blend of theory, practical experience, and empirical evidence. It outlines the challenges that arise while finding solutions to pre-existing problems in the government and economic agents. The book also provides readers with easy ways to compute prices and includes numerous application-based examples. The authors have gathered years of research, making this book a valuable resource for anyone interested in the subject.

“Advanced Economic Theory Micro and Macro” Book Review: The book is a valuable resource for students and professionals alike who are interested in advanced economic theory. It covers both micro and macroeconomic aspects and has been updated with the latest research and findings. The microeconomics section has been revised and expanded with new information, while the macroeconomics section includes applications, examples, and the most up-to-date perspectives on the subject.

“Macro Economic Theory” Book Review: This book is a must-read for individuals seeking to enhance their understanding of macroeconomic theory, whether students or professionals. It presents easily comprehensible information and includes the most recent developments and discoveries in macroeconomic theory. The book’s content surpasses that of previous editions, providing a comprehensive foundation for studying macroeconomic theory. Moreover, it includes concise and critical notes for each chapter.

“Modern Economic Theory” Book Review: This book is a useful resource for students studying Modern Economic Theory. It covers both Micro and Macro Economics, beginning with Price Theory and introducing concepts such as the Theory of Demand Unit and Pricing Unit. The book then progresses to the Theory of Income and Employment in Macro-Economics, covering topics such as the Social Accounting Unit and Economic Fluctuations. Additionally, it discusses Money and Banking, including the Monetary Standards and Theory of Money and Prices. The book also delves into International Economics with detailed information on the International Trade Theory. Finally, the book includes chapters on Public Finance, Economic Systems, Economics of Development and Planning, and Welfare Economics Index.

“International Economics: Theory and Policy” Book Review: This book provides a comprehensive coverage of both international trade and finance. It includes both theoretical concepts and practical examples. It is a standard textbook used for International Economics courses and is suitable for both teachers and students. The book offers an E-Lab with homework, tutorials, assessments, and learning programs to facilitate engagement with the material. It has a well-structured layout that provides a balanced coverage of theory and applications. Key points are highlighted for better retention, and it provides numerous resources for further exploration of the subject. This book is continually updated to include all new developments in the field.

“Microeconomics Theory” Book Review: The book provides a concise and precise overview of Microeconomics Theory. It covers all the necessary and essential details without any unnecessary information. The book includes plenty of practice exercises specifically designed to test the reader’s skills. It presents only the key learning points to facilitate quick revision. This book is particularly beneficial for both students and professionals preparing for graduate or professional exams. It serves as an excellent tool for retaining and recalling important information.

“Applied Economics (Thinking Beyond Stage One)” Book Review: The book’s primary focus is to illustrate the practical application of economics to current societal issues such as housing, healthcare, discrimination, and the economic progress of nations. It presents these topics in an easily understandable language, without resorting to the technical jargon typically used by economists. The book clarifies policies in simple terms, highlighting their immediate effects as well as their longer-term consequences, which can be significant and far-reaching. The text draws on diverse global examples to provide readers with a comprehensive understanding of the topics covered.

“Studies in Applied Econometrics (Contributions to Economics)” Book Review: This book provides insights into the latest advancements in applied econometrics. It covers new methodologies for microeconometrics and multi-equation systems. The book introduces two methods to solve various problems and summarizes the literature on reasonable evaluation choices based on large-scale Monte Carlo investigations. It is a valuable resource for those seeking to stay updated on recent developments in the field of applied econometrics.

“Empirical Studies in Applied Economics” Book Review: This book provides a balanced approach between the practical applications and the econometric and statistical concepts for advanced readers. It delves into the techniques of econometric analysis such as multivariate regression analysis and limited dependent variable analysis. The book covers a broad range of topics, including the measurement of competition and market power in natural gas transportation markets. It also includes chapters on the empirical analysis of NFL football demand, evaluating the accuracy of econometric models for mail demand, as well as the valuation of technology patents and the determination of their scope, duration, and reasonable royalty.

“Applied Economics” Book Review: This book equips readers with the skills and knowledge to apply economic analysis to contemporary real-world problems. It features a clear presentation, wide coverage of various topics, and a unique approach to theory and application. It emphasizes the relevance of economics in the practical world.

“Research Methodology in Applied Economics” Book Review: The focus of this book is on enhancing the efficiency of research processes and outcomes through proper organization and conduct of research. The latest edition of this book provides time-tested guidelines for graduate students to follow during the research process. It covers definitional, conceptual, and philosophical aspects of research methodology, and shows how research and methodology are linked to science, knowledge, objectivity, prediction, induction, deduction, and philosophical beliefs.

“Quantitative Financial Economics: Stocks, Bonds and Foreign Exchange” Book Review: The latest edition of this book has been thoroughly revised and updated to incorporate the latest advancements in theoretical econometric and empirical research on financial markets. It provides a comprehensive introduction to economic behavior models in financial markets and emphasizes discrete time series analysis. Additionally, it focuses on real-world problems while addressing theory and testing. The updated edition also features new chapters on Monte Carlo simulation, bootstrapping, and market microstructure.

“Advanced Issues in Partial Least Squares Structural Equation Modeling” Book Review: This practical guide serves as an expansion of A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM) Second Edition. It covers advanced topics on PLS-SEM, enabling students and professionals to apply the methods effectively to analyze complex issues and accurately interpret results. The book begins with a brief overview of fundamental concepts before delving into more advanced material. It includes extensive examples using SmartPLS 3 software (www.smartpls.com) and comes with free downloadable datasets. The book emphasizes the need for careful application of any advanced PLS-SEM approach to ensure it fits the appropriate research context and data characteristics supporting the analysis.

“Financial Modeling in Excel For Dummies (For Dummies)” Book Review: This comprehensive guide teaches you how to create practical and informative financial models with Excel. You don’t need to be a math genius or an Excel power user to get started. With hands-on exercises, you’ll learn how to use Excel to model profitability, create financial projections, calculate depreciation, forecast costs, value assets, and more. You’ll gain expertise in financial modeling best practices and learn how to apply them to your business and clients. The book also covers tools and techniques that make sense of the numbers and aid in better decision making. Financial modeling is an invaluable resource for businesses worldwide, used for decision making, strategy guidance, and problem solving. This book provides clear expert guidance, requiring minimal prior knowledge.

“Advances in Non-linear Economic Modeling: Theory and Applications (Dynamic Modeling and Econometrics in Economics and Finance (17))” Book Review: This book is a valuable resource for researchers interested in non-linear economic modeling. The book covers a broad range of topics, including non-linear time series analysis, econometric methods for non-linear models, and the application of non-linear models in macroeconomic and financial forecasting. The chapters are well-organized, with clear explanations and examples. Schleer-van Gellecom also includes case studies and empirical applications to demonstrate the practical use of non-linear models. This book is a must-read for anyone interested in the latest developments in non-linear economic modeling.

Economic Modeling in Networking: A Primer (Foundations and Trends(r) in Networking) Book Review: This book aims to equip engineering students with a fundamental understanding of when and where to use game theoretical models, the assumptions behind key models, and the theoretical insights that are widely applicable. Engineers are increasingly required to possess basic skills in economic modeling and game theory due to their impact on business economics and the use of engineered organizations as the foundation for our most basic economic interactions. However, the typical engineering student does not receive economic training until later in their graduate career, if at all. This monograph asserts that basic economic literacy is a critical tool in the arsenal of the modern engineering student. The book serves to not only help engineering students work with financial models but also to take a critical look at them. As such, it complements a good introductory textbook or course on microeconomics or game theory.

Economic Modeling Using Artificial Intelligence Methods (Advanced Information and Knowledge Processing) Book Review: This book delves into the application of artificial intelligence (AI) techniques for modeling financial data. Traditional financial modeling has been limited to linear modeling, but AI allows for flexible multi-order nonlinear modeling. Additionally, game theory has been useful for modeling financial phenomena with multiple players. The book explores signal processing methods, such as time-domain and time-frequency space techniques, to analyze financial data. It also covers interesting financial issues like causality versus relationship, stock market simulation, inflation modeling, option pricing, economic growth, and portfolio optimization. The book examines the relationship between economic dependence and interstate conflict and how economics can foster peace. “Monetary Modeling Using Artificial Intelligence Methods” addresses causality in the nonlinear domain and applies various methods to determine causality and correlation. This book is a valuable resource for graduate students, researchers, and financial professionals in the area of econometrics.

“Dynamic Optimization in Environmental Economics (Dynamic Modeling and Econometrics in Economics and Finance (15))” Book Review: This book introduces the latest advancements in dynamic modeling and optimization techniques in the field of environmental economics. It covers a wide range of applications related to the economics of natural resources, the impact of climate change and environmental pollution, and various policy measures. The book emphasizes the crucial relationship between economic activities and environmental quality, the development of cleaner technologies, the transition from fossil fuels to renewable resources, and the appropriate use of policy instruments in achieving a sustainable future. Biological, physical, and economic processes are naturally interconnected in this field, and the book discusses various modeling, simulation, and dynamic tools, including dynamic optimization and game theory.

“Complex-Valued Modeling in Economics and Finance” Book Review: This book is a comprehensive guide for researchers interested in complex variable theory and its applications in economic and financial modeling. The book covers a broad range of topics, including complex variable functions, the creation of complex variables, the use of complex variables in stock market modeling, shadow economy modeling, time series forecasting, and economic factor modeling. The chapters are well-organized, with clear explanations and examples. The author also provides case studies and empirical applications to demonstrate the practical use of complex variable theory. This book is a useful resource for anyone interested in the latest developments in economic and financial modeling using complex variables.

“Essays on Economic Psychology” Book Review: The book delves into the psychological aspects of economic behavior, explored by economists with a long-standing tradition in studying economic issues and those interested in the psychological dimensions of economic behavior. The articles examine the opportunities and challenges of this interdisciplinary dialogue between psychology and economics, and review important research areas where such an approach has proven successful. The text also serves as an introduction to psychology for economists, providing them with insight into how to analyze economic issues from a psychological perspective. It presents many pressing and exciting research topics, awaiting passionate researchers to continue the discussion.

2015 Status of the Nation’s Highways, Bridges, and Transit Conditions & Performance Report to Congress Book Review:
The book provides a comprehensive assessment of the current conditions, operational performance, and financing mechanisms of highways, bridges, and transit systems in the United States. The report draws primarily on 2012 data and includes future investment scenarios up to 2032. The report’s chapters cover a range of topics, including the current state of the transportation infrastructure, the projected future investment requirements, the financing mechanisms, and performance measures. This report is a valuable resource for policymakers, transportation professionals, industry personnel, and students interested in the state of the nation’s transportation infrastructure.

Global Monitoring Report 2013: Rural-Urban Dynamics and the Millennium Development Goals Book Review: In this book the focus is on how urbanization can contribute to the achievement of the Millennium Development Goals (MDGs) while addressing the rural-urban disparities in their fulfillment. The report acknowledges that urban populations are better off than their rural counterparts but emphasizes the need for well-managed urbanization. Unplanned urbanization can lead to the creation of slums where the MDGs lag. The report calls for an integrated approach to manage urbanization, emphasizing the importance of policies that improve rural jobs. The report argues that governments should aim to fully meet the MDGs in both urban and rural areas while taking into account local conditions and differences.

The Citizens at Risk: From Urban Sanitation to Sustainable Cities (Earthscan Risk in Society) Book Review: This book explores the emerging focus on urban areas and neighborhoods for those concerned about environmental justice and sustainability. It examines urban environmental risks and their impact on Africa, Asia, and Latin America, describing the most pressing challenges such as improving health conditions in deprived urban settlements, achieving sustainable urban development, and environmental justice. The authors argue that current discussions on sustainable development fail to address these challenges and require a more explicit and ethical approach. This book provides a wealth of scientific research and theoretical understanding for policy makers, students, academics, activists, and concerned readers.

Urbanization and Economic Growth Book Review: This book provides a comprehensive analysis of the relationship between urbanization and economic growth. The book examines various aspects of urbanization, including urbanization patterns, urban infrastructure development, and the impact of urbanization on poverty and inequality. The authors also explore the role of urbanization in promoting economic growth, highlighting the opportunities and challenges associated with urbanization. The book’s chapters cover a range of topics, including urbanization and structural transformation, urbanization and employment, urbanization and housing, and urbanization and environmental sustainability. This book is a valuable resource for researchers, policymakers, and students interested in the role of urbanization in economic development.

International Handbook of Rural Demography (International Handbooks of Population 3) Book Review: The third volume of the Springer handbooks series focuses on the relationship between demography and sociology with a global perspective. The handbook emphasizes the importance of rural populations, which comprise less than 50% of the world’s population, in addressing social, environmental, and economic challenges. The diversity of rural areas affects their capacity to develop and prosper, with some areas struggling to survive while others flourish. This handbook offers insights into how demographic trends vary depending on local characteristics and will be useful for policymakers and researchers alike. It is also a valuable resource for graduate students studying sociology and international development.

Co-Operatives & Rural Development in India Book Review: This book is a comprehensive study of the role of cooperatives in rural development in India. The book examines the historical development of cooperatives in India and their role in various sectors such as agriculture, dairy, and credit. The author analyzes the functioning of cooperatives, their governance structures, and the challenges they face. The book also highlights the impact of cooperatives on rural development, including their contribution to poverty reduction and employment generation. The chapters cover a range of topics such as the legal framework of cooperatives, cooperative marketing, and the future of cooperatives in India. This book is an essential resource for researchers, policymakers, and students interested in the role of cooperatives in rural development in India.

Rural Development in India Book Review: This book provides a comprehensive overview of the challenges and opportunities of rural development in India. The book covers various aspects of rural development, including agriculture, infrastructure, education, health, and poverty alleviation. The author analyzes the policies and programs implemented by the government to promote rural development, such as the National Rural Employment Guarantee Act (NREGA) and the Pradhan Mantri Gram Sadak Yojana (PMGSY). The book also examines the role of NGOs and other stakeholders in rural development. The chapters cover a range of topics such as rural finance, rural electrification, and women’s empowerment. This book is an essential resource for policymakers, researchers, and students interested in rural development in India.

Cities and Public Policy: An Urban Agenda for India Book Review: This book argues that the developing world will experience rapid urbanization in the 21st century, with India leading the way. It identifies agglomeration externalities as the foundation of urban public policy in India and advocates for proactive public policies to harness planned urbanization as a resource. The book challenges negative views of urbanization and calls for agglomeration-increasing, congestion-relieving, and resource-generating cities as engines of economic growth, including rural development. Drawing on practical examples from India and abroad, it proposes changes in urban and regional planning, financing, and management to address the challenges of urbanization and recognizes the central role of cities in catalyzing growth and generating public finance for economic development.

Rural Economic Development Book Review: The goal of this book is to emphasize the importance of agriculture in ensuring food security and protecting natural resources, a role that cannot be replaced by any other economic activity. While some economists view agriculture as a non-essential sector, it is recognized as a vital component in maintaining ecological balance, a crucial element of sustainable development policies. The food security of every nation, the need to increase agriculture’s contribution to overall economic and social development, and the imperative of environmental protection all highlight the significant position that agriculture occupies in the global economy and politics.

“Contemporary India: Political, Economic and Social Developments Since 1947” Book Review: This book expands beyond the confines of political history to offer insight into the most pressing socioeconomic obstacles that confront modern-day India. It centers on the ideas of “agency” and “negotiation” to provide readers with a broader understanding of Indian history and to assist present-day generations in grasping India’s historical heritage. The book addresses critical topics such as Parties and Politics From the Congress System to Coalition Government, Economic Development From Protectionism to Liberalization, and Poverty and Demography. It additionally provides an overview of Foreign Policy in a Changing Global Context and the “New India.”

“The Grammar of Caste Economic Discrimination in Contemporary India” Book Review: This book takes a significant stride towards promoting a multidisciplinary discourse to comprehend and lessen inequalities grounded in birth and ancestry. It connects the economic aspects of caste with politics, sociology, and history. The book provides an engaging evaluation of the persisting and evolving caste disparities in India over the previous two decades. It clarifies how modern, formal, urban labor markets mirror an ingrained recognition of caste, religion, gender, and class divisions. The book also discusses how discrimination is not limited to rural areas or a vestige of the past but a current phenomenon of the formal sector.

“Politics Trumps Economics The Interface of Economics and Politics in Contemporary India” Book Review: This book sheds light on the interplay between politics and economics in India and their influence on the country’s future trajectory. It explores the consequences of the prevalence of coalition governments, the growth of civic activism, the conflict between identity politics and development, and the nature of discussions about the informal sector. Additionally, the book offers potential solutions to combat corruption in administration and identifies the strategic factors necessary for inclusive growth. It highlights what an informed citizen should know when living in India, where a highly skilled workforce coexists with the world’s highest poverty rate.

“Political Economy of Contemporary India” Book Review: The book provides in-depth analyses of economic growth, examining it through the lenses of caste, regional politics, and public investment. It also explores long-term trends in employment and wages in the public sector, and the impacts of legal and policy reforms. The book seeks to address questions such as how the increase in political mobilization among lower classes and castes, as well as the diffusion of economic power to the state level after reforms, can be characterized by studying macro-economic, land, labor, and employment aspects from diverse analytical and disciplinary perspectives. It aims to help readers comprehend the regional variations in politics and political economy, and how these variations have contributed to diverse developmental outcomes in different parts of India. The issue of regional variation and its contribution to India’s developmental outcomes remains a pressing concern.

“Economic Challenges for the Contemporary World Essays in Honour of Prabhat Patnaik” Book Review: The aim of this book is to integrate various studies on economic development that emphasize the significance of addressing prevailing and current concerns related to the national and global economy. The book sheds light on the limitations of an unrestricted market and its incapacity to handle present-day issues. It delves into subjects like economic growth, globalization, poverty and inequality, and macroeconomic matters in detail. It also covers political economy and developmental aspects. The book includes essays that present distinctly different methodologies used to address crucial issues and it challenges the laissez-faire philosophy.

“Contemporary Engineering Economics” Book Review: The book is intended for undergraduate engineering students from various disciplines, including industrial, civil, mechanical, electrical, computer, aerospace, chemical, and manufacturing engineering, as well as engineering technology. It offers a thorough understanding of engineering economics by providing a comprehensive and structured approach. It addresses key educational challenges, such as the difficulty students face in developing analytical skills required to make informed financial decisions. By integrating elements of science, engineering, design, and economics, it enables readers to create cost-effective products. The book equips engineers with the knowledge and skills needed to make intelligent financial decisions in order to produce economically feasible products.

“Development, Devolution and Democracy Village Discourse in West Bengal (Alternatives in Development)” Book Review: The book takes a critical but sympathetic approach to evaluate the claims and performance of the Left Front Government in West Bengal. It provides an analytical assessment of other studies on the policies of the Left Front Government. The book also discusses the West Bengal experience in the context of the potential for democratic participation and decentralization in a post-colonial situation.

“Economic History of India 1857-1947” Book Review: This book targets students of economics, economic professors, researchers and individuals interested in the economic history of India. It analyzes the complex structural changes in India’s economy that were initiated by the British Raj. The book covers a wide range of topics, including the impact of colonialism on education, law, business organization, and land rights, and India’s transition during the colonial era. It also delves into the major sectors of development and the interconnection between colonial economic history and the economic changes in post-independence India.

“The Concise Oxford History of Indian Business” Book Review: The target audience of this book is economics students, economic professors, researchers, and anyone interested in the history of Indian business. It delves into the evolution of Indian business, tracing its roots from merchants to service providers. The book provides an account of the principal actors and their exploits that facilitated the transition. It also explains the business methods and families that have shaped the Indian business landscape into what it is today.

“India’s Economy: Performance and Challenges: Essays in Honour of Montek Singh Ahluwalia” Book Review: The book is targeted towards students studying economics, economic researchers and professors, as well as individuals interested in understanding India’s economy. It comprehensively covers several topics, including inequality, macroeconomic performance, and capital market developments. In addition, the book provides detailed explanations of infrastructure development, social sector challenges, and climate change in India.

“People, Taxation and Trade in Mughal India” Book Review: The book is intended for students enrolled in economics courses, economic professors/researchers, and anyone interested in learning about the economy during the Mughal period. The author analyzes the economy’s operations within the political structure established by the Mughal Empire. This book covers topics such as state revenues, prices, interest rates, and maritime trade during this period. Additionally, it discusses issues like ecology and settlement patterns, vital statistics work, and gender.

“Public Institutions in India: Performance and Design” Book Review: The intended audience for this book includes students of economics, professors, researchers, and individuals with an interest in public institutions in India. The book provides comprehensive coverage of the Presidency, Parliament, Judiciary, and Police in India. It explores the role of these institutions in strengthening federalism and the democratic impulse of India. The book also analyses various variables like autonomy, information sharing, and accountability that influence the functioning of these institutions.

“Handbook of Indian Sociology (Handbooks Series)” Book Review: This book targets sociology students in India and individuals interested in understanding India’s economic history. It explores a wide range of topics such as demography, environment, social life, stratification, and urban social formations. Additionally, it covers migrations, the diverse major religions in India, and other aspects. The author also addresses the economic arrangements of education, including agrarian relations, markets, and labor politics.