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  • Writer's pictureSalman (Hafiz Team)

5 Liberal Economics Books You Need to Read

  1. "The General Theory of Employment, Interest, and Money" by John Maynard Keynes - This classic work, published in 1936, is considered one of the most influential books in economics. It argues for the use of government intervention to stabilize the economy and promote full employment.

  2. "The End of Alchemy: Money, Banking, and the Future of the Global Economy" by Mervyn King - This book, published in 2016, offers a new perspective on monetary policy and the role of central banking. King argues that the current monetary system, based on fiat money and fractional reserve banking, is inherently unstable and in need of reform.

  3. "The Wealth of Nations" by Adam Smith - Published in 1776, this is considered the first book on economics, Adam Smith's "The Wealth of Nations" is a classic work on free market economics. It argues that free markets and the division of labor are the key to economic prosperity.

  4. "Das Kapital" by Karl Marx - This influential work, published in 1867, critiques capitalism and argues for the need for a socialist system in which the means of production are collectively owned.

  5. "Inequality and Instability: A Study of the World Economy Just Before the Great Crisis" by James Galbraith - This book, published in 2012, is a study of the economic inequality and instability that preceded the global financial crisis of 2008. It argues that economic inequality is a major cause of instability in the global economy and that government intervention is necessary to address this problem.

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