These are the 3 best economics books of 2021, according to the Financial Times
For those who want to read about economics, a good idea is to consider the books indicated by the Financial Times as the best economics titles of 2021. The selection is by Martin Wolf, chief commentator of the publication.
- Exponential Innovation and Accelerated Disruption of the Economy
- Exonomics | The rise of the Exponential Economy
The works deal with technological transformations in finance, behavioral economics, the role of governments and institutions, cryptocurrencies and more. Follow it below!
First place among the best economics books in 2021
The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance ( "The future of money: how the digital revolution is transforming currency and finance" in free translation), of Eswar S. Prasad. Technology has transformed all segments. Prasad, an Indian economist, took first place on the Financial Times list when talking about how the digital revolution affects finance.
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Prasad addresses the end of physical money, the rise of cryptocurrencies, the creation of digital currencies by central banks (CBDCs) and the role of large corporations such as Facebook and Amazon in the sector.
In the Brazilian context, one option is “The future of money: digital bank, fintechs and cryptocurrencies”, by Rudá Pellini. He interviews Brazilian experts and composes material that is easy to read, with practical tips for investing better in this context.
Second place among the best economics books in 2021
The Resilient Society ("The Resilient Society"), by Markus K. Brunnermeier. He is an economist at Princeton University, addressing the global financial crisis caused by the pandemic. According to Brunnermeier, “resilience can serve as a guiding star for a post-covid society,” as a resilient society is able to react to shocks like this and bounce back.
The title can be a guide to how individuals, institutions and countries must deal with a globalized economy full of unknown risks. Macroeconomic concepts are applied to topics such as public health, innovation, climate change, inequality and inflation.
Third place among the best economics books in 2021
Cogs and Monsters: What Economics Is, and What It Should Be ("Gears and Monsters: What Economics Is and What It Should Be"), by Diane Coyle. She is an economics commentator at Cambridge University, criticizing economics and its way of seeing people's relationship with money. Coyle points out that, for economists, individuals are like cogs: calculating and independent, they act in a defined context.
The reality, however, is that, with digitization, people are more like monsters: no strings attached and socially influenced. Ignoring these characteristics gets in the way of problem solving in the new age of finance. In addition to criticism, the book shows how technologies can be opportunities to solve global crises.
Read the article on Canaltech .
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Text source: CoinRevolution
