the reading list

The
Library

If you're here, you're either already convinced and want to go deeper, or you're not convinced yet and want to understand more. Either way, this list is for you.

These are the books that economists, historians, and policymakers have used to rethink how economies actually grow — not how textbooks say they do. No single book tells the whole story. But together they build the case for what New Consensus is trying to do.

Read one. Then argue with someone.

22books
9papers & articles
5categories
1argument, made 31 ways
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01

Bad Samaritans

Ha-Joon Chang

Critique

Start here. The best account of how rich countries actually got rich — and it wasn't by following the rules they now tell everyone else to follow. Not vibes. Institutions.

02

Invisible Hands

Kim Phillips-Fein

History

Know your adversary. How a small group of right-wing activists dismantled the economic consensus we're now trying to rebuild. It worked. Now we're undoing it.

03

Freedom's Forge

Arthur Herman

Mobilization

The WWII mobilization story, told by a right-wing historian. Which makes it more useful, not less. Our playbook, wrapped in a flag.

04

Destructive Creation

Mark R. Wilson

Mobilization

Same story, less mythology. Business leaders and government servants working together, with industrialists in public coordinator roles. Messy, effective, instructive.

05

The Production of Money

Ann Pettifor

Money & State

The book that proves this is all actually possible. “We can afford what we can do.” Read this when someone tells you we can’t afford it.

06

The Entrepreneurial State

Mariana Mazzucato

Money & State

Every piece of technology in your pocket was funded by the U.S. government decades before any private investor saw a use for it. The biggest venture capitalist in history takes no stake. It’s a racket.

07

Doughnut Economics

Kate Raworth

New Paradigm

A whole new economics paradigm. Not just what’s wrong with the current one — an actual replacement. It was on every desk at a think tank in Berlin. Make of that what you will.

08

Concrete Economics

Cohen & DeLong

Critique

Same story as Bad Samaritans but just about America, in language your centrist uncle might read. The government has always shaped the market. It stopped doing it well in the 1980s.

09

When Small States Make Big Leaps

Darius Ornston

Mobilization

Finland and Denmark mobilized not because they were at war — just because they decided to. Turns out you don’t need a catastrophe to act like one is coming.

10

Marketcrafters

Chris Hughes

Critique

The free market myth, dismantled. The “invisible hand” has always had someone guiding it. Hughes tells the stories of who did it well and who blew it.

11

Made in the USA

Vaclav Smil

Critique

Bill Gates’ favorite book — useful for certain conversations. A country the size of America cannot make a prosperous living without manufacturing. Nations that “let the market decide” end up at the bottom.

12

Ages of American Capitalism

Jonathan Levy

History

The whole story. Four ages of American capitalism from colonial era to now. Levy argues we’re at a turning point. He’s right.

13

Makers and Takers

Rana Foroohar

Critique

Who are the real makers? Workers, entrepreneurs, caregivers. Who are the takers? Wall Street, using government-backed credit to extract wealth while contributing nothing. Foroohar names names.

14

Rethinking Capitalism

Mazzucato & Jacobs

New Paradigm

2008 broke the economy. It also broke economics as a discipline. Mazzucato and Jacobs bring together economists to rebuild the theory from scratch. Theory and policy, both.

15

Economics: The User’s Guide

Ha-Joon Chang

Critique

Back to Chang. The toolkit — how to understand economic arguments and spot the bad ones. Don’t get played by men in suits.

16

Against the Consensus

Justin Yifu Lin

New Paradigm

What the world economy looks like from Beijing. The measures taken after 2008 were insufficient. Bold, counter-cyclical government investment is what’s needed. He’s not wrong.

17

The End of Alchemy

Mervyn King

Money & State

Still not convinced? The former governor of the Bank of England thinks the system is broken too. Read it.

18

The Shifts and the Shocks

Martin Wolf

Money & State

The Financial Times economics guru admits austerity was wrong. When the mainstream admits it, you know things have shifted.

19

The Only Game in Town

Mohamed El-Erian

Money & State

Former PIMCO CEO says the same thing. Governments must intervene beyond central bank activity. The improbable keeps becoming reality.

20

The Park Chung Hee Era

Kim & Vogel

History

South Korea in the 1960s: no economy, mostly illiterate population, almost no resources. Built a modern wealthy economy in a single generation. Samsung started as a fruit importer.

21

MITI and the Japanese Miracle

Chalmers Johnson

History

The Japanese miracle wasn’t capitalism unleashed. It was decades of sustained government intervention. The miracle was engineered. On purpose.

22

Why Europe Grew Rich and Asia Did Not

Prasannan Parthasarathi

History

The really big picture. Colonialism, extraction, and the mechanics of how economic power shifts. Dark, important, clarifying.

Papers & Articles

and more — going deeper

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