Experts > Tim Harford

Tim Harford's Top Book Recommendations

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

1
From the bestselling author of A Beautiful Mind, a brilliant new approach to the story of modern economics and to understanding how we got into today's financial mess. As the twenty-first century faces new and ever more daunting economic obstacles, Sylvia Nasar tells the story of how our financial world came to function as it does today, and how a handful of men and women would change the lives of every person on the planet. Economics was not always associated with bankers and excess, or with recessions and bailouts. Economics, as we know it, was born in the nineteenth century when Charles... more
Recommended by Tim Harford, and 1 others.

Tim HarfordAs an undergraduate, I learnt economics as ahistorical, a kind of maths. This is a book that talks about the history of economic thought and makes it very personal. It talks about economic thinkers and their hopes and dreams and their personal failings. (Source)

See more recommendations for this book...

2
Capitalism faltered at the end of the 1990s as corporations were rocked by fraud, the stock-market bubble burst and the American business model – unfettered self-interest, privatization and low tax – faced a storm of protest. But what are the alternatives to the mantras of market fundamentalism?

Leading economist John Kay unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why ‘one-size-fits-all’ globalization hurts developing countries and why markets can work – but only in a humane social and...
more
Recommended by Tim Harford, Anatole Kaletsky, and 2 others.

Tim HarfordJohn Kay has written many books but this one feels, to me, like his masterpiece. (Source)

Anatole KaletskyI think it’s a very profound book of permanent truths about markets. It’s not just about the dotcom bubble in 2000, which prompted Kay to write it. (Source)

See more recommendations for this book...

3
David Friedman has never taken an economics class in his life. Sure, he's taught economics at UCLA. Chicago, Tulane, Cornell, and Santa Clara, but don't hold that against him. After all, everyone's an economist. We all make daily decisions that rely, consciously or not, on an acute understanding of economic theory--from picking the fastest checkout tine at the supermarket to voting or not voting, from negotiating the best job offer to finding the right person to marry.

Hidden Order is an essential guide to rational living, revealing all you need to know to get...
more
Recommended by Tim Harford, and 1 others.

Tim HarfordYou can read this book—which is very, very readable—and, at the end of it, you have actually covered a basic microeconomics 101. (Source)

See more recommendations for this book...

4

The international bestseller — don't compete without it! A major bestseller in Japan, Financial Times Top Ten book of the year, Book-of-the-Month Club bestseller, and required reading at the best business schools, Thinking Strategically is a crash course in outmaneauvering any rival. This entertaining guide builds on scores of case studies taken from business, sports, the movies, politics, and gambling. It outlines the basics of good strategy making and then shows how you can apply them in any area of your life.

less
Recommended by Tim Harford, and 1 others.

Tim HarfordThis guide to game theory is the book that first made me fall in love with economics. (Source)

See more recommendations for this book...

5
The award-winning illustrator Grady Klein has paired up with the world's only stand-up economist, Yoram Bauman, PhD, to take the dismal out of the dismal science. From the optimizing individual to game theory to price theory, The Cartoon Introduction to Economics is the most digestible, explicable, and humorous 200-page introduction to microeconomics you'll ever read.

Bauman has put the "comedy" into "economy" at comedy clubs and universities around the country and around the world (his "Principles of Economics, Translated" is a YouTube cult classic). As an educator at both...
more
Recommended by Tim Harford, and 1 others.

Tim HarfordFor anybody who wants to learn the economics jargon, or anyone who is starting out studying an economics course, this is just a brilliant source. (Source)

See more recommendations for this book...

6

For the Win

Recommended by Tim Harford, and 1 others.

Tim HarfordI read this book because I was writing a column about the economies inside computer games – because these games are now so complex they do have their own economies. (Source)

See more recommendations for this book...

7
Normal Accidents analyzes the social side of technological risk. Charles Perrow argues that the conventional engineering approach to ensuring safety--building in more warnings and safeguards--fails because systems complexity makes failures inevitable. He asserts that typical precautions, by adding to complexity, may help create new categories of accidents. (At Chernobyl, tests of a new safety system helped produce the meltdown and subsequent fire.) By recognizing two dimensions of risk--complex versus linear interactions, and tight versus loose coupling--this book provides a powerful... more
Recommended by Tim Harford, and 1 others.

Tim HarfordThe book goes through awful accidents in complex systems and explores why they happened: the human failings, the systemic consequences. (Source)

See more recommendations for this book...

8
"[A] magnificent history of money and finance."--New York Times Book Review

"Convincingly makes the case that finance is a change-maker of change-makers."--Financial Times

In the aftermath of recent financial crises, it's easy to see finance as a wrecking ball: something that destroys fortunes and jobs, and undermines governments and banks. In Money Changes Everything, leading financial historian William Goetzmann argues the exact opposite--that the development of finance has made the growth of civilizations possible. Goetzmann explains...
more
Recommended by Tim Harford, Jonathan Tepper, and 2 others.

Tim HarfordThis book is about the history, often the ancient history, of all sorts of financial innovations. (Source)

Jonathan TepperThis is a great book for those interested in economic history. https://t.co/xK55Lb5IA8 (Source)

See more recommendations for this book...

9
The informative and witty expose of the "bad science" we are all subjected to, called "one of the essential reads of the year" by New Scientist.

We are obsessed with our health. And yet — from the media's "world-expert microbiologist" with a mail-order Ph.D. in his garden shed laboratory, and via multiple health scares and miracle cures — we are constantly bombarded with inaccurate, contradictory, and sometimes even misleading information. Until now. Ben Goldacre masterfully dismantles the questionable science behind some of the great drug trials, court cases, and missed...
more

Timothy FerrissI agree wholeheartedly with a lot of the co-opted science, which people can read a book called Bad Science, which is by a doctor named Ben Goldacre. It’s great. (Source)

Tim HarfordThis book changed the way I thought about my own writing and it changed the way I thought about the world. It really is one of the best books I have ever read. (Source)

Sarah-Jayne BlakemoreIt’s just a brilliant book, and he’s a fearless defender of science. (Source)

See more recommendations for this book...

10
The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking.

Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller...
more

Sheryl SandbergMichael Lewis's ability to boil down the most complicated subjects is like a magic trick. You can't believe your own eyes. He takes on important issues - from the 2008 Wall Street crash in "The Big Short" to parenting in "Home Game" - and breaks them down to the deepest truths. His combination of an extraordinarily analytical mind and a deep understanding of human nature allows him to weave... (Source)

Tim HarfordIf I had any criticism of the book, it’s that he makes it seem too obvious. It becomes mysterious how anyone could have been confused. (Source)

See more recommendations for this book...

Don't have time to read Tim Harford's favorite books? Read Shortform summaries.

Shortform summaries help you learn 10x faster by:

  • Being comprehensive: you learn the most important points in the book
  • Cutting out the fluff: you focus your time on what's important to know
  • Interactive exercises: apply the book's ideas to your own life with our educators' guidance.
11

The Fifth Risk

What are the consequences if the people given control over our government have no idea how it works?

"The election happened," remembers Elizabeth Sherwood-Randall, then deputy secretary of the Department of Energy. "And then there was radio silence." Across all departments, similar stories were playing out: Trump appointees were few and far between; those that did show up were shockingly uninformed about the functions of their new workplace. Some even threw away the briefing books that had been prepared for them.

Michael Lewis’s brilliant narrative takes us into the...
more

Malcolm GladwellIt's good to be reminded every now and again what genius looks like. (Source)

Tom WolfeSaturation reporting, conceptual thinking of a high order, a rich sense of humor, and talent to burn. (Source)

Tim HarfordMichael Lewis could spin gold out of any topic he chose. (Source)

See more recommendations for this book...

Don't have time to read Tim Harford's favorite books? Read Shortform summaries.

Shortform summaries help you learn 10x faster by:

  • Being comprehensive: you learn the most important points in the book
  • Cutting out the fluff: you focus your time on what's important to know
  • Interactive exercises: apply the book's ideas to your own life with our educators' guidance.