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Economics for the real world
Bureaucracy (Liberty Fund Library of the Works of Ludwig Von Mises)Bureaucracy (Liberty Fund Library of the Works of Ludwig Von Mises) by Ludwig Von Mises
Buy new: £8.06 / Used from: £5.01
Best place to start for people frustrated by bureaucracy, red tape, and useless government interventions
America's Great DepressionAmerica's Great Depression by Murray N. Rothbard
Buy new: £13.05 / Used from: £12.86
The truth about the causes of the 1929 Crash and Great Depression - the opposite of what you have been told
Eat the RichEat the Rich by P.J. O'Rourke
Buy used from: £0.17
O'Rourke at his funniest, and an excellent exposition on the merits of alternative economic systems into the bargain
The Company of Strangers: A Natural History of Economic LifeThe Company of Strangers: A Natural History of Economic Life by Paul Seabright
Buy new: £11.63 / Used from: £5.95
A nice overview of why we have markets and why they work better than the alternatives
Passions within Reason: The Strategic Role of the EmotionsPassions within Reason: The Strategic Role of the Emotions by RH Frank
Buy new: £11.99 / Used from: £3.08
How psychology underpins good economics and free markets, contrasting with the bogus psychological generalizations of mainstream economics
Big Players and the Economic Theory of ExpectationsBig Players and the Economic Theory of Expectations by Roger Koppl
Buy new: £59.35 / Used from: £56.85
Written in 2002, this book deserves greater attention than its price allows, for the accurate and prescient way it explains the behaviour that led up to the Credit Crunch.
Economics in One LessonEconomics in One Lesson by H Hazlitt
Buy used from: £11.01
The best introduction to the type of economics that has some practical use and basis in reality - very clear, enjoyable, and easy to read
Constitution of Liberty (Routledge Classics)Constitution of Liberty (Routledge Classics) by F.A. Hayek
Buy new: £11.69 / Used from: £10.00
Better and more important contribution than Hayek's more famous "Road to Serfdom" - explains why modern liberalism (in the American sense) is the opposite of true liberalism.
AN ESSAY ON THE NATURE AND SIGNIFICANCE OF ECONOMIC SCIENCE.AN ESSAY ON THE NATURE AND SIGNIFICANCE OF ECONOMIC SCIENCE. by Lionel. Robbins
Buy used from: £10.00
Short but important text - mathematical pseudo-economists ought to go back and read this before spouting any more of the nonsense that has come to pass as economics.
The Wealth of Nations: Books 1-5The Wealth of Nations: Books 1-5 by Adam Smith
Buy new: £11.53 / Used from: £15.78
Maybe not as original as people think, and not always right, but still more right, more readable and more wise than most mainstream modern economics
The Limits of State ActionThe Limits of State Action by Wilhelm Von Humboldt
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Another original and great, but more forgotten than Smith, thanks to Germany's disastrous swing to the left after 1848
What Is Free Trade?What Is Free Trade? by Frederic Bastiat
Buy new: £14.44 / Used from: £10.36
And the French were important contributors to the development of real economics too - but again largely forgotten as the French are more susceptible to mad ideas than good ones like this
Ethics as Social Science: The Moral Philosophy of Social Cooperation (New Thinking in Political Economy Series)Ethics as Social Science: The Moral Philosophy of Social Cooperation (New Thinking in Political Economy Series) by L.B. Yeager
Buy new: £24.70 / Used from: £15.00
An under-rated and under-stated modern great - we'd have been better off if economists had paid more attention to measured thinkers like Yeager than to his more strident contemporaries
Money, Bank Credit, and Economic Cycles (Hardcover)Money, Bank Credit, and Economic Cycles (Hardcover) by Jesú³ µerta de Soto
Buy used from: £169.52
It's a bit of a doorstop, but it tells an important story. Updates Mises' "Theory of Money and Credit", which would be a shorter alternative that still stands the test of time
The Black Swan: The Impact of the Highly ImprobableThe Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb
Buy new: £5.36 / Used from: £3.76
See also "Fooled by Randomness". Explains why modern mathematical economists are not good at either maths or economics. Gained credibility and profile from correctly warning about the Credit Crunch.