David Goldstein, a Senior Fellow at Civic Ventures, and Paul Constant, a writer at the same organization, share their summer reading list packed with thought-provoking economic and political books. They discuss the intersection of history and economics, highlighting fascinating reads like 'In This Economy?' and 'End Times'. The duo unpacks Bill Clinton's economic legacy and critiques conventional ideas in works like 'The Power Broker' and 'The Road to Freedom'. They encourage supporting local bookstores and rethinking retirement in a changing economy.
Kyla Scanlon's book 'In This Economy?' serves as an engaging introduction to economic concepts, particularly for younger audiences unfamiliar with the subject.
Peter Turchin's 'End Times' emphasizes the historical cycles of inequality, warning of potential societal collapse if current disparities remain unaddressed.
Deep dives
Beginner Economics Book Recommendation
A recommended book for younger readers is 'In This Economy' by Kyla Scanlon, which offers an accessible introduction to economic principles. The book adapts content from Scanlon's TikToks, simplifying concepts like inflation and engaging those who may feel intimidated by economics. The author provides a straightforward explainer of how money and markets function, making it suitable for individuals new to the subject. However, the book is critiqued for not fully aligning with 'middle-out' economic perspectives, indicating the need for supplemental discussion to broaden understanding.
A Perspective on Historical Economic Cycles
Peter Turchin's 'End Times' explores historical patterns of inequality and predicts potential societal collapse as a consequence of current economic disparities. Turchin applies his analysis, known as cliodynamics, to illustrate how cycles of elite competition and mass suffering can lead to dire outcomes like civil war. He asserts that while the situation is concerning, there are avenues for improvement, indicating a society's ability to avert disaster if proactive measures are taken. The book serves as a warning from past societal structures, suggesting that understanding history is key to navigating current crises.
The Limitations of Economic Growth
Daniel Suskin's 'Growth: A History and a Reckoning' critiques the obsession with perpetual economic growth in the context of finite planetary resources. The book retraces the evolution of the growth concept, highlighting its implications on societal structures and the environment. It emphasizes that infinite growth is unsustainable and correlates with rising climate change challenges, pushing the need for a paradigm shift in how society approaches progress. Suskin's work inspires reflection on economic models and encourages critical discussions around distribution and economic well-being in a changing world.
It’s Paul and Goldy’s summer reading list! In this week’s special episode, Civic Ventures Senior Fellow David “Goldy” Goldstein and Civic Ventures Writer Paul Constant recommend some of the hottest new economic and political books for your beach reading pleasure.
Remember to shop local and small when you can, or order from IndieBound or Bookshop.org—both of which support independent bookstores! All of these books are also likely available through your local library.