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Larry Summers's Top Book Recommendations

Want to know what books Larry Summers recommends on their reading list? We've researched interviews, social media posts, podcasts, and articles to build a comprehensive list of Larry Summers's favorite book recommendations of all time.


Why Globalization Works

The debate on globalization has reached a level of passionate intensity that inhibits rational discussion. In this book, one of the world's foremost economic commentators explains how globalization works and why it makes sense. Martin Wolf confronts the charges against globalization, delivers a devastating critique of each and outlines a more hopeful future. less
Recommended by Larry Summers, and 1 others.

Larry SummersWolf’s book makes, in the most effective way I have seen, the classical economic arguments for openness. (Source)

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The best known and most highly regarded book on financial crises

Financial crises and speculative excess can be traced back to the very beginning of trade and commerce. Since its introduction in 1978, this book has charted and followed this volatile world of financial markets. Charles Kindleberger's brilliant, panoramic history revealed how financial crises follow a nature-like rhythm: they peak and purge, swell and storm. Now this newly revised and expanded Fourth Edition probes the most recent "natural disasters" of the markets--from the difficulties in East Asia and the...

Larry SummersKindleberger’s message is that complacency can be a self-denying prophecy. (Source)

Marc FaberHe describes very well how these manias occur and what the symptoms are of manias in terms of excessive speculation, overleverage, borrowing, fraud, embezzlement, high trading volumes, and so forth. (Source)

Charles MorrisKindleberger’s great virtue is that he was both a respected economist and a student of human nature, and he knew that human nature could never be bottled up in an economic model. His book is a terrific narrative of a series of bubbles, going back to pre-industrial days – the Dutch tulip craze, the South Sea bubble, and so forth.. (Source)

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The Economic Consequences of the Peace

A new edition of the seminal text by the father of modern economics.

First published in 1919, John Maynard Keynes’s The Economic Consequences of the Peace created immediate controversy. Keynes was a firsthand witness to the negotiations of the Paris Peace Conference, as an official representative of the British Treasury, and he simultaneously sat as deputy for the chancellor of the Exchequer on the Supreme Economic Council. In these roles, he was able to perceive with great clarity the tenor and perspective that would come to shape Europe after the First World War....
Recommended by Larry Summers, and 1 others.

Larry SummersIt’s among the dozen—perhaps half-dozen—most influential economics books that have ever been written. (Source)

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Globalization and its Discontents

When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of... more
Recommended by Leah Lizarondo, Larry Summers, and 2 others.

Leah LizarondoThese books propelled me to want to work on a social enterprise and underscored my passion for making a difference in food policy. I believe we can build an innovative company that has deep social impact. That we can use the same mindsets that single bottom-line companies have to build successful triple and quadruple bottom-line companies. It is the holy grail -- for your work to present the... (Source)

Larry SummersGlobalization and its Discontents is a book that anyone looking for a rounded set of perspectives on globalization should read. (Source)

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Between 1820 and 1990, the share of world income going to today's wealthy nations soared from twenty percent to almost seventy. Since then, that share has plummeted to where it was in 1900. As Richard Baldwin explains, this reversal of fortune reflects a new age of globalisation that is drastically different from the old.

In the 1800s, globalisation leaped forward when steam power and international peace lowered the costs of moving goods across borders. This triggered a self-fueling cycle of industrial agglomeration and growth that propelled today's rich nations to dominance. That...
Recommended by Satya Nadella, Larry Summers, and 2 others.

Satya NadellaIn this look at how telepresence and telerobotics will increasingly let people cross international borders from the comfort of their own homes, Nadella sees analogies to Microsoft’s HoloLens headset, especially as the technology matures and its cost comes down. (Source)

Larry SummersIt’s a very powerful description of the newest phase of globalization. (Source)

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