Best Macroeconomics Books of 2025

Principles for Dealing with the Changing World Order is a thought-provoking book by Ray Dalio, the author of the #1 New York Times bestseller Principles. Dalio examines history's most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we've experienced in our lifetimes and offers practical advice on how to navigate them well. Through this book, Dalio brings readers along for his study of the major empires, putting into perspective the "Big Cycle" that has driven the successes and failures of all the world's major countries throughout history. Overall, this book is a must-read for anyone interested in economic history and global politics.

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.

Economic Facts and Fallacies, 2nd edition by Thomas Sowell is an essential read for anyone interested in economics. The book debunks popular economic fallacies disseminated by the media and politicians, such as mistaken ideas about income differences, male-female economic differences, and fallacies about Third World countries. Sowell’s writing style is easy to follow and provides real-world examples to explain complex issues. The book’s theme of challenging fallacies that have a certain plausibility is both necessary and important. Overall, Economic Facts and Fallacies is a thought-provoking and informative read that challenges readers to examine their beliefs about economics.

Brad DeLong's "Slouching Towards Utopia: An Economic History of the Twentieth Century" offers a compelling account of how the century transformed the global economy, making us richer than ever before, yet still leaving us unsatisfied. DeLong delves into the unprecedented explosion of material wealth that occurred during this period, revealing why it failed to deliver us to utopia. The book is a magisterial history, asking the right questions, and teaching us a lot about crucial history along the way. Overall, "Slouching Towards Utopia" is a must-read for anyone interested in global economic history, and its immense scope and depth make it a standout among similar books in the genre.

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 Price of Tomorrow: Why Deflation is the Key to an Abundant Future by Jeff Booth is a thought-provoking book that challenges our current economic systems. Booth argues that our systems were built for a pre-technology era and are no longer effective in the face of technological advancements. He advocates for embracing deflation and the abundance it can bring instead of relying on easy credit and debt. The book provides a unique perspective on the intersection of technology and economics and offers a hopeful but potentially alarming situation for our future.

The Sovereign Individual: Mastering the Transition to the Information Age is a thought-provoking book that explores the economic and political transition from an industrial to an information-based society. Authors James Dale Davidson and Lord William Rees-Mogg provide strategies for adapting financially to the next phase of Western civilization, which they refer to as "the fourth stage of human society." Their track record for prescience is impressive, and this book is no exception. This is a must-read for anyone interested in understanding the potential for prosperity and renewal in the face of radical changes in human history.

This book, "Central Banking 101," is a comprehensive guide that demystifies the complex and powerful institution that is the Federal Reserve. Written by Joseph Wang, a former trader on the Fed's Open Markets Desk, the book offers a unique insider's perspective on how the Fed operates and how the global dollar system is structured. Readers will gain a deep understanding of how money is created and how the Fed's actions affect the broader financial system. Overall, "Central Banking 101" is an essential read for anyone interested in macroeconomics and the inner workings of the world's most powerful central bank.

The Barron's AP Microeconomics/Macroeconomics Premium, 2023 is an exceptional resource for students preparing for the AP exam. It includes comprehensive content review, study tips, and four full-length practice tests, two of which are online. The book is authored by experienced educators and AP experts who provide detailed explanations and advice to help students build their knowledge and confidence. The interactive online practice and timed test option allow students to simulate the exam experience. Overall, this book is a valuable tool that can help students succeed on the AP Microeconomics and Macroeconomics exams.

Capitalízate Con Bienes Raíces is an official guide for investing in real estate without using your own money, credit, or experience. The book provides proven formulas for acquiring properties and highlights how real estate investments are accessible to everyone. It offers insights into developing the belief to invest in real estate without any capital, credit, or experience. The book provides case studies of people who have successfully invested using this method and offers tips on identifying and evaluating deals. Overall, the book is an excellent resource for those interested in investing in real estate, regardless of their economic situation.