The Top Finance Books for Economists
Starting out in a finance degree? Stuck at home during lockdown and want to remain safe while improving your financial knowledge? Simply interested in the topic? INOMICS is here to help. If you're looking for the most-talked-about books in the field, or planning on getting some interdisciplinary knowledge, check out our list of the top books in finance.
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1. The Total Money Makeover: A Proven Plan for Financial Fitness - Dave Ramsey
One of the biggest names in personal finance advice, Dave Ramsey, gives tips on money management for the public in this book. With a focus on paying off debt using the “snowball method”, the advice here is suited to someone who is new to finance and trying to dig themselves out of debt.
2. The Millionaire Next Door: The Surprising Secrets of America's Wealthy - Thomas J. Stanley and William D. Danko
This compilation of research into self-made millionaires in the US describes the attitudes, strategies, and habits that they have around money and finance. The authors boil down the various perspectives to a few key points, like the essential advice to spend less than you earn. This book will suit those who enjoy a dose of narrative along with their finance advice.
3. The Big Short: Inside the Doomsday Machine - Michael Lewis
This work chronicles the build up to the housing crisis in the US during the 2000s, examining how the housing bubble grew and what causes it to burst. An accessible and exciting read, this book shows how topics in finance can be presented to a general audience in an engaging way, and how financial decisions can have a large impact on a society.
4. The Black Swan: The Impact of the Highly Improbable - Nassim Nicholas Taleb
Covering statistics, economics, and philosophy as well as finance, this book examines how rare and unpredictable events can have an outsized effect on the way that we think and make decisions. It tackles the issue of investment and risk, looking at the difficulties inherent in trying to predict outcomes in highly complex systems.
5. I Will Teach You to be Rich - Ramit Sethi
Another personal finance bible for the masses, I Will Teach You to Be Rich is based on a blog of the same name which offers straightforward, easy to follow advice on money management topics like creating a budget or cultivating multiple income streams.
6. Your Money Or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence - Joe Dominguez and Vicki Robin
This book advocates a simple living approach for people struggling with debt or other money issues, encouraging them to relentlessly prune their belongings and expenditures to focus on what is vital for happiness and nothing else.
7. The Psychology of Investing - John Nofsinger
Professor of finance John Nofsinger presents a smart summary on how investment decisions are made – both the financial factors which go into making a good investment, and the psychological approach which allows people to identify them. The topic means the book will be of broad interest, but it's particularly useful for those who want to start investing themselves.
8. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and the Middle Class Do Not! - Robert T. Kiyosaki
This classic tome from all the way back in 1997 teaches the basics of financial topics like investment, real estate, and owning a business, through a series of parables based on the author's life. The engaging style proved popular with a general audience and it's still on many bestsellers lists today.
9. Women & Money: Owning The Power To Control Your Destiny - Suze Orman
Suze Orman presents this beginner's guide to finance, aimed at women specifically. She examines the issues that women face when it comes to finance, like managing your career and negotiating a salary, or why women don't invest to the same extent that men do and how they can start building their wealth.
10. The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money - Carl Richards
A humorous and easy-to-read book which chronicles all the bad decisions which people commonly make when it comes to finance. Rather than giving specific advice, it aims to challenge the way people think about money and help them to make better choices by being aware of their biases.
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- Political Thought
A Critique of Neoliberalism
Few would contest it has been the ideology of our political age. Ever since the 1980s, it has dominated western politics, underpinning governance, influencing culture, and leaving its indelible mark across society. During this time its core tenets were rarely challenged and only its peripheral aspects tweaked. The 2008 financial crash, however, changed this, shaking confidence in an ideology whose name, up until that point, was rarely ever spoken.
- INOMICS Salary Report 2020
How COVID-19 has Affected Economists in the Global North and South
The damage wrought by COVID, far from equalising, has been pointedly prejudiced. While the virus itself may struggle to differentiate between people, the world in which it operates has no such problem. Indeed, its structures have ensured COVID’s disruption of employment has fallen unevenly across regions - the experience of economists a case in point.
10 Most Affordable Countries in Europe to Do Your Economics PhD
Fortunately, the UK and the US aren't the only two places in the world with universities great for studying economics, and particularly in Europe, higher education hasn't yet been turned into corporate business, meaning not only are degrees cheap, some are completely free. And paying less (or even nothing) doesn't translate into a lesser experience. To the contrary, many of countries on this list can make legitimate claims to housing some of the most prestigious higher learning institutions in the world.