10 Best Economics Books for Beginners [Review]

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Best Economics Books for Beginners
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When we think about the best economics books for beginners we basically think about the most effective economics books. We are only concerned for students who just start studying economics here. Information that we provide with the best economics books we believe that will benefit the maximum in deciding the right books students need indeed for Introductory Economics. So, keep read on to get the best idea about economics Best Books for you.

Best Economics Books for Beginners: Review

It’s, in fact, a big challenge to say you on the best economics books from the huge volume of economics scholarly books around the world. In this context, we decided to present to you the best seller & most used books of economics that prominent Economists, Researchers do refer to students. Therefore, we will cover precisely short reviews of the 10 best economics books for beginners below.

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1. Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics  Best Seller

Economics in One Lesson is a must-read guide for beginners and knowledgeable economists who wish to understand the fundamentals of economic theory. Economy scholar Henry Hazlitt’s (1894-1993) in his concise and instructive textbook says in the first chapter: 

“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”

Most significantly he eliminates common economic fallacies with an explanation on why these are wrong some of which people may believe nowadays. 

This book is not only educational but also extremely interesting to read. Hazlitt uses stories to translate the economic theories throughout the book into practical examples. Story-telling grab the readers’ attention & encourage to use of critical thinking in a way so that the reader can realize concepts.

2. The Economics Book (Big Ideas)

The Economics Book (Big Ideas) by Niall Kishtainy explicitly explains more than one hundred groundbreaking ideas in economics from the earliest experiences of trade to global economic crises. This text, in fact, makes abstract concepts of money and trade concrete thoroughly using easy-to-follow graphics and artworks, succinct quotations.

Moreover, from Thomas Aquinas’ rules of markets and morality to Jeffrey Sachs’ theories on international debt relief, The Economics Book includes innovative ideas of the history of economics. It also discusses the earliest ideas in economics. For example- property rights, the function of money, the progress to present-day economic thought, and the relationship between economics and the environment.

Clear and concise summaries, graphics, and quotations in this book will definitely help beginners to understand the fascinating world of economic thought. Therefore, The Economics Book is one of the best economics books for beginners.

3. Basic Economics, Fifth Edition: A Common Sense Guide to the Economy

Clear & Concise Basic Economics by leading American Economist Thomas Sowell is a citizen’s guide to economics especially for those who want to understand how the economy works. Basically, its the first book for anyone who wishes to understand how the economy functions. Sowell reveals the general principles behind any kind of economy, for example-Capitalist, Socialist, Feudal etc.

 In this edition, the author revises and updates to bringing the world into clearer focus through a basic understanding of the fundamental economic principles. In addition, how fundamental economic principles explain our lives. He draws on lively examples from all over the world.

4. Naked Economics: Undressing the Dismal Science  Best Seller

Nobel Prize winner in Economics in 1992 – Gary Becker commented Naked Economics as:

“I recommend this book to anyone who wants to gain an understanding of basic economics with little pain and much pleasure.” 

This textbook is an international best-seller. Clear, concise and informative. Charles Wheelan makes economic principles relevant & interesting. The author focuses on economic crisis, globalization, the economics of information, intersection of economics & politics, history and future.

The latest revised and updated edition includes commentary issues, for example-automation, trade, income inequality as well as America’s rising debt. Most importantly, Naked Economics examines how policymakers managed the worst economic crisis since the Great Depression.

5. The New Confessions of an Economic Hit Man  Best Seller

New York Times bestseller The New Confessions of an Economic Hit Man has sold more than 1.25 million copies. It has been translated into 32 languages. In fact, Economic Hit Men are the shock troops that John Perkins calls the corporatocracy. Corporatocracy tie networks of corporations, banks, governments, the rich and powerful people. John Perkins shows how false economics, false promises, threats, bribes, extortion, debt, deception, are used around the world today exponentially. Thus, it is one of the best economics books for beginners.

“When I read Confessions of an Economic Hit Man, I could not have known that, some years later, I would be on the receiving end of the type of ‘economic hit’ that Perkins so vividly narrated. The New Confessions resonates with my experiences of the brutish methods and gross economic irrationality guiding powerful institutions in their bid to undermine democratic control over economic power. Perkins has, once again, made a substantial contribution to a world that needs whistle-blowers to open its eyes to the true sources of political, social, and economic power.” –Yanis Varoufakis, former Minister of Finance, Greece

6. Principles of Economics

Economics students can master Principles of Economics with reading the most popular introductory book in economics. N. Gregory Mankiw‘s Principles of Economics is widely used around the world. The clear and engaging writing style of this book emphasizes only the material that readers are likely to find most interesting about the economy.

Especially if they are studying economics for the very first time. Beginners in economics can discover interesting coverage of the latest relevant economic developments with real-life experiences. In addition, useful economic facts & clear explanations of the many ways economic concepts play a major role in the decisions that individuals make every day. 

7. Principles of Microeconomics Best Seller

The Best-Seller Principles of Microeconomics by N. Gregory Mankiw is the most popular and widely-used economics textbook by students worldwide. In this book, the author emphasizes only the material that makes a better understanding of the world in which we live in. Moreover, it will help you to understand exactly both the potential and limits of economic policy. This text is very organized & applicable to everyday public policy and financial terminology. 

N. Gregory Mankiw says-

“I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy.”

Actually, N. Gregory Mankiw makes Principles of Microeconomics very interactive and gives a number of practice questions and concept videos. 

8. Principles of Macroeconomics

Principles of Macroeconomics is another best economics books for beginners by N. Gregory Mankiw. Also, this books is the most popular and widely-used economics textbook by students across the world. It’s a must-read economics book for beginners. Updated & recent relevant examples bring macroeconomic principles to life. Most significantly, it’s powerful student-focused digital resources are available in leading MindTap and Aplia digital learning as well as homework solutions that reinforce the principles of economics indeed. 

9. Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist

Doughnut Economics by Kate Raworth points out seven key ways to fundamentally reframe our understanding of what economics is and does. The author along with the seven key ways marks up how we can break our addiction to growth, redesign money, finance, and business to be in service to people. Also, she shows how we create economies that are regenerative and distributive by design.

Remarkably, Doughnut Economics offers a radically new compass to guide global development, government policy, and corporate strategy. The author discusses the best emergent ideas in her book, for example-ecological, behavioural, feminist, and institutional economics to complexity thinking.

Doughnut Economics provides game-changing analysis and inspiration for a new generation of economic thinkers with a simple, playful and eloquent voice that has made it as one of the best economics books for beginners.

10. Common Sense Economics: What Everyone Should Know About Wealth and Prosperity

Common Sense Economics is concise, thoughtfully orga­nized, and reader-friendly. There are some basic economic principles that are always operating.  Whether the economy is growing, stagnating, or declining. For example-gains from trade, opportunity cost, the ability of prices to communicate information, the importance of diversification, the power of incentives etc.

Life-long Economics Educator James Gwartney, Richard Stroup, Dwight Lee, Tawni Ferrarini, and Joseph Calhoun know how to use the tools of economics to illuminate why both individuals and nations can prosper and be more successful.

Common Sense Economics provides a comprehensive and understandable explanation of key principles of economics. Surely, this will help everyone make better personal and policy choices in the context of economics.


Books Information Source: Amazon.com