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The Well-Read Economist

An informal survey of the Carnegie Mellon Economics and Finance Faculty resulted in the following list of books which individual faculty members consider insightful and readable in the fields of Economics and Finance.





Year of Publication

Gary Becker Human Capital Prof. Gaynor University of Chicago Press


Diane Coyle The Soulful Science: What Economists Really Do and Why it Matters Prof. Goldburg Princeton University Press


Avinash Dixit and Barry Nalebuff Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life Prof. Spatt W.W. Norton & Co.


Darrel Duffie Dynamic Asset Pricing Theory Prof. Seppi Princeton University Press


William Easterly The Elusive Quest for Growth: Economists Adventures and Misadventures in the Tropics Prof. McCallum M.I.T. Press


David D. Friedman Hidden Order: The Economics of Everyday Life Prof. Goodfriend HarperCollins


Milton Friedman Capitalism and Freedom Profs. Ferreyra, Goldburg, Goodfriend, and McCallum The University of Chicago Press


Victor Fuchs Who Should Live? Prof. Gaynor World Scientific Publishing Co.


John Kenneth Galbraith The Affluent Society Profs. Goldburg and Keech Houghton Mifflin

1998 (40th Anniversary Edition)

Friedrich A. Hayek Road to Serfdom Prof. Keech The University of Chicago Press

1994 (Fiftieth Anniversary Edition)

Robert Heilbroner The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers Prof. Goldburg Touchstone Press

1995 (7th Edition)

Albert O. Hirschman Exit, Voice and Loyalty: Responses to Decline in Firms, Organizations, and States Prof. Keech Harvard University Press


John Maynard Keynes General Theory of Employment, Interest, and Money Prof. Ferreyra Prometheus Books


Lawrence Kotlikoff and Scott Burns The Coming Generational Storm Prof. Spatt M.I.T. Press


Steven Landsburg Armchair Economist: Economics and Everyday Experience Profs. Routledge  and Goodfriend Simon & Schuster


Steven D. Levitt and Stephen J. Dubner Freakanomics: A Rogue Economist Explores the Hidden Side of Everything Profs. Goldburg and Spatt HarperCollins


Burton Malkiel A Random Walk Down Wall Street Profs. Routledge and Spatt W.W. Norton & Co.

2003 (8th Edition)

Joel Mokyr The Lever of Riches: Technological Creativity and Economic Progress Prof. Goodfriend Oxford University Press


Douglass C. North and Robert Paul Thomas The Rise of the Western World: A New Economic History Prof. Goodfriend Cambridge University Press


Mancur Olsen The Logic of Collective Action: Public Good and the Theory of Groups Prof. Keech Harvard University Press

1971 (2nd Edition)

Sherwin Rosen Markets and Diversity Prof. Spatt Harvard University Press


Thomas Schelling Micromotives and Macrobehavior Prof. Spatt W.W. Norton & Co.


Thomas Schelling Strategy of Conflict Prof. Keech Harvard University Press


Robert Schiller Irrational Exuberance Prof. Fong Random House

2000 (2nd Edition)

Joseph A. Schumpeter Capitalism, Socialism and Democracy Prof. Goldburg HarperCollins

1950 (3rd Edition)

Amartya Sen Collective Choice and Social Welfare Prof. Keech North Holland Press


Adam Smith An Inquiry into the Nature and the Causes of the Wealth of Nations Prof. Goldburg Liberty Fund

1776 (1981 Edition)

Richard H. Thaler The Winner's Curse: Paradoxes and Anomalies of Economic Life Prof. Weber Princeton University Press


David Warsh Knowledge and the Wealth of Nations: A Story of Economic Discovery Prof. Keech W.W. Norton & Co.


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