Best Economic Policy & Development Books of 2025

The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin is a comprehensive and eye-opening analysis of the Federal Reserve system. The book delves into the history of the Federal Reserve, its formation, and its impact on the American economy. Griffin provides a critical view of the Federal Reserve and argues that it operates in secrecy, without accountability, and in the interest of a select few. The book is a must-read for anyone interested in the inner workings of the American financial system and the role of the Federal Reserve. Overall, The Creature from Jekyll Island is a thought-provoking and compelling read that challenges the status quo and sheds light on the Federal Reserve's impact on the American economy.

"Zero to One: Notes on Startups, or How to Build the Future" by Peter Thiel is a must-read for anyone seeking a fresh perspective on innovation and entrepreneurship. Thiel argues that progress is not limited to the tech industry and that the most important skill for any leader is to learn how to think for themselves. By asking the right questions, one can find value in unexpected places and create unique businesses that escape competition altogether. Crisply written and practical, this book offers a thoughtful alternative to the current pessimism about the future. Overall, "Zero to One" is an inspiring and insightful read.

Discrimination and Disparities by Thomas Sowell examines the origins of economic disparities and challenges the idea that different economic outcomes can be explained by any one factor, be it discrimination, exploitation, or genetics. The book analyzes the human consequences of prevailing social visions of these disparities and the policies based on that vision. The author presents a well-researched and thought-provoking argument that is both accessible and relevant. This book is a must-read for anyone interested in understanding the complex issues surrounding economic disparities.

Confessions of an Economic Hit Man, 3rd Edition is a shocking exposé of corruption on an international scale, blowing the whistle on China's economic hit man strategy. John Perkins, a former EHM, reveals the corrupt system that cheats and strong-arms countries around the globe out of trillions of dollars, leading to staggering income inequality and ecological devastation. The book offers much-needed solutions for transforming this system into a Life Economy that restores the earth. Overall, this book is a must-read for anyone interested in understanding the global economy and its impact on the world.

The Decisive Decade by Dr. Jonathan D.T. Ward provides a comprehensive framework for the United States to defeat China on the world stage. The book offers practical strategies in the economic, diplomatic, military, and ideological arenas that can be utilized by the government, businesses, and citizens. Ward's expert analysis of the history of US-China relations and insight into the Russia-Ukrainian war make this book unique. The book is cautionary and optimistic, showing a path for America and the Free World to win the contest with China. Overall, it is a must-read for anyone interested in international diplomacy and the future of global power.

Why Nations Fail by Daron Acemoglu and James Robinson is a well-researched book that answers the age-old question of why some nations are rich while others are poor. The authors argue that economic success is determined by man-made political and economic institutions, not by culture, geography, or weather. They draw on historical evidence from various nations, including the Roman Empire, the Mayan city-states, and modern-day China, to build a new theory of political economy. Overall, this book is an eye-opener that challenges conventional wisdom and provides a fresh perspective on the factors that determine a nation's prosperity.

A Monetary and Fiscal History of the United States, 1961–2021 is a comprehensive and insightful book by Alan Blinder that covers 60 years of US economic policy from Kennedy to Biden. Blinder, an influential economist, provides an insider’s account of macroeconomic policy, tracing the highs and lows of monetary and fiscal policy through many recessions and several long booms over the past six decades. The book is well-written, engaging, and filled with important lessons for anyone interested in understanding where the economy has been and where it might be headed. Overall, this book is a must-read for anyone interested in development and growth economics.

The book "Trillion Dollar Triage" by Nick Timiraos is a gripping and insightful account of how the Federal Reserve, led by Chairman Jay Powell, battled a pandemic and a president to prevent an economic disaster. Timiraos draws on extensive interviews to provide a behind-the-scenes look at the largest economic policy response since World War II. The book takes readers inside the Federal Reserve, a complex and often misunderstood institution, to chronicle how Powell unleashed an unprecedented monetary barrage to keep the economy on life support. This book is a must-read for anyone who wants to understand the economic challenges posed by the pandemic and the innovative solutions that were implemented to combat them.

The Crisis of Democratic Capitalism by Martin Wolf is a thought-provoking book that analyzes the current state of the relationship between democracy and capitalism. Wolf argues that the ties that bind these two systems together are threatened, and a divorce of capitalism from democracy would be a calamity for the world. Despite its flaws, democratic capitalism remains the best system for human flourishing. However, the growth of prosperity has slowed, and the division of its fruits between the few and the rest has become more unequal. Overall, this book is a must-read for anyone interested in the future of our political and economic systems.

Men Without Work: Post-Pandemic Edition (2022) by Nicholas Eberstadt is an updated version of his 2016 study on the collapse of work for American men. The book highlights the continuing crisis of Depression-era work rates for men of prime working age and the alarming increase of labor force dropouts. Eberstadt's analysis exposes the devastating impact of the government's response to the Covid-19 pandemic, which exacerbated the flight from work in America. The book warns of the spreading of the "Men Without Work" virus among prime-age women and workers over fifty-five. This reissue is a must-read for anyone interested in understanding the current state of the American workforce.