Macroeconomics

An Inquiry into the Nature and Causes of the Wealth of Nations 《国富论》 Adam Smith Smith examines the sources of national wealth and argues that it comes from the division of labour and capital accumulation rather than from… Economics Classic Index 97

The General Theory of Employment, Interest and Money 《就业、利息和货币通论》 John Maynard Keynes Keynes argues that output and employment are determined by effective demand rather than tending automatically toward full employment, introducing… Economics Classic Index 96

The Protestant Ethic and the Spirit of Capitalism 《新教伦理与资本主义精神》 Max Weber Weber examines a historical coincidence: the organizational forms of modern capitalism developed systematically first in Protestant regions of the… Society & Civilization Classic Index 94

Capital 《资本论》 Karl Marx Marx builds on the labour theory of value to develop concepts such as surplus value, capital accumulation, and commodity fetishism, in an attempt to… Economics Classic Index 93

The Road to Serfdom 《通往奴役之路》 Friedrich Hayek Written during the Second World War, Hayek argues that once central planning becomes the primary means of allocating resources it progressively… Economics Classic Index 92

The Great Transformation 《大转型》 Karl Polanyi Polanyi argues that the self-regulating market was not a natural evolution but a nineteenth-century political construction: land, labour, and money… Economics Classic Index 90

Why Nations Fail 《国家为什么会失败》 Daron Acemoglu Acemoglu and Robinson argue that the gap between rich and poor nations lies in institutions: inclusive institutions encourage broad participation… Economics Classic Index 89

Free to Choose 《自由选择》 Milton Friedman The Friedmans argue in accessible terms, using policy cases and historical examples, that economic freedom is a necessary condition of political… Economics Classic Index 88

Capital in the Twenty-First Century 《21 世纪资本论》 Thomas Piketty Piketty uses tax and inheritance records going back to the eighteenth century to argue that when the return on capital exceeds the growth rate over… Economics Classic Index 88

This Time Is Different 《这次不一样》 Carmen Reinhart Reinhart and Rogoff assemble eight centuries of debt and crisis data across dozens of countries to show that sovereign debt crises, banking crises… Economics Classic Index 88

The Worldly Philosophers 《世俗哲学家》 Robert Heilbroner Heilbroner combines biography and intellectual history to present the central preoccupations of economists from Smith, Malthus, and Ricardo through… Economics Classic Index 88

Poor Economics 《贫穷的本质》 Abhijit Banerjee Banerjee and Duflo use randomized controlled trials to study how poor people actually decide — why their choices about food, schooling, health care… Economics Classic Index 85

The Second Machine Age 《第二次机器革命》 Erik Brynjolfsson Brynjolfsson and McAfee argue that digital technology now lets machines substitute for cognitive as well as physical labor, opening a “second… Technology & Science Classic Index 84

The Rise and Fall of the Great Powers 《大国的兴衰》 Paul Kennedy Where national power comes from and how it drains away: the long contest between economic base and strategic commitment across five centuries World History Daily Pick