Best books of 2015: Economics

A round-up of the titles to remember

George Osborne
©Charlie Bibby

Britain as ‘most prosperous economy’ is a fantasy

It is right to hope. But the productivity revival remains uncertain

Osborne takes gentler route to same end

Chancellor’s starting points remain unchanged and questionable

James Ferguson illustration - South Africa superhighway
©James Ferguson

South Africa and the ‘Belindia’ trap

The legacy of injustice has shaped the country. Now it needs growth, of the right kind

James Ferguson illustration, Savings

Corporate contribution to savings glut

This behaviour raises important policy questions. Should there be higher taxes on retained earnings?

Cuts to tax credits will be a blunder

Reductions in the UK welfare bill amount to 0.7% of GDP. In the overall context such sums are tiny

James Ferguson illustration
©James Ferguson

In the long shadow of the Great Recession

It may be hard to avoid crises but it is vital to make them both small and rare

James Ferguson illustration
©James Ferguson

America’s labour market is not working

It matters if many prime-aged adults believe they cannot earn enough to support a family

Public broadcaster belongs to the people

That is why the BBC is trusted in the UK and around the world

James Ferguson illustration

The upside of addressing climate change

Moving to a credible path away from disaster is imaginable and economically beneficial

Russia uses blackmail over Ukrainian debt

This is barefaced cheek and such behaviour must not succeed

Carney is right to warn of coming tempest

The more information is available, the better investors will be able to manage the risks

Solid growth is harder than blowing bubbles

Now it is not just America — the world economy also catches a cold when China sneezes

Why interest rates are so low

Rates have been very low since soon after the worst of the financial crisis

Beware of the liquidity delusion

Conventional wisdom has not had a great run over the past decade so it should be questioned

Corbyn’s challenges to economic convention

Labour’s policy to cut the deficit by raising taxes on business and the rich needs work, but has merit

Benefits of migration are questionable

Cosmopolitanism is incompatible with our organisation into territorial jurisdictions

A refugee crisis that Europe cannot escape

Particular responsibility rests with the nations that helped destabilise the Middle East

Corbyn leadership may shake more than UK

Labour politician’s victory is an indication of the troubling disaffection so rife in many countries

A new Chinese export — recession risk

Beijing will let its currency go rather than continue to use reserves, some of which are highly illiquid


Martin Wolf Martin Wolf is chief economics commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 “for services to financial journalism”. Mr Wolf is an honorary fellow of Nuffield College, Oxford, honorary fellow of Corpus Christi College, Oxford University, an honorary fellow of the Oxford Institute for Economic Policy (Oxonia) and an honorary professor at the University of Nottingham.

He has been a forum fellow at the annual meeting of the World Economic Forum in Davos since 1999 and a member of its International Media Council since 2006. He was made a Doctor of Letters, honoris causa, by Nottingham University in July 2006. He was made a Doctor of Science (Economics) of London University, honoris causa, by the London School of Economics in December 2006. He was a member of the UK government's Independent Commission on Banking in 2010-2011. Martin's most recent publications are Why Globalization Works and Fixing Global Finance.

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