The Great Crashes

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Interviews where I discuss my books are under Media.

The Times's Best Business Books of the Year & Newsweek's Best Fiction and Non-fiction of the Year (so far)

The Great Economists: How Their Ideas Can Help Us Today (UK & ROW) 

What Would the Great Economists Do? How Twelve Brilliant Minds Would Solve Today's Biggest Problems (US)

Foreign language editions: Brazil, China, Indonesia, Japan, Portugal, South Korea and Turkey

Since the days of Adam Smith, economists have grappled with a series of familiar problems - but often their ideas are hard to digest, even before we try to apply them to today's issues. In The Great Economists, I explain the key thoughts of history's greatest economists, how our lives have been influenced by their ideas and how they could help us with the policy challenges that we face today. 

In the light of current economic problems, and in particular economic growth, I explore the thoughts of economists from Adam Smith and David Ricardo to contemporary academics Douglass North and Robert Solow. Along the way, I ask, for example, what do the ideas of Karl Marx tell us about the likely future for the Chinese economy? How do the ideas of John Maynard Keynes, who argued for government spending to create full employment, help us think about state intervention? And with globalization in trouble, what can we learn about handling Brexit and Trumpism?

Read more at Penguin Random House: https://www.penguin.co.uk/books/287978/the-great-economists/

For the U.S. edition, read more at Macmillan: https://us.macmillan.com/books/9781250180544/what-would-the-great-economists-do

Excerpt: Audiobook (3:41)

Extracts: 

Introduction - Great Economists on our Economic Challenges

Adam Smith - Should the government rebalance the economy?

John Maynard Keynes - To invest or not invest?

Robert Solow - Do we face a slow growth future?

The Chinese Economy trilogy

I China's Growth: The Making of an Economic Superpower

China's economic growth has transformed the country from one of the poorest in the world to its second largest economy. Understanding the drivers of growth remains elusive as the country is affected by both its transition from central planning and the challenges of a developing country. This book examines the main determinants of growth, offering micro level evidence to shed light on the macro drivers of the economy. It also explores how China could evolve in the coming decades. 

Purchase information can be found at Oxford University Press or Amazon. A Chinese version is available from CITIC Press in Beijing,

II Enterprising China: Business, Economic, and Legal Developments Since 1979

Enterprising China examines the development of the market and specifically how businesses have developed and fared within the economic and legal environment. The Economy of China is an overview of economic development and the policies that have helped to transform the world's most populous nation.  Business, economic and legal developments are closely linked in China. This book anayses those linkages during the reform period and looks ahead to the development of business in the future. Each chapter reviews a key aspect of the business environment: state-owned enterprises, township and village enterprises, private Chinese firms and foreign firms operating in China. It includes 12 original case studies of businesses operating in China, including Haier, Nokia, national oil companies, and many other domestic and foreign firms.

 
Purchase information can be found at Oxford University Press or at Amazon.
 

III The Economy of China

The emergence of China since 1979 has been a hallmark in the global economy, not only in the past but also in this century. This comprehensive book provides an analytical but accessible view of the remarkable economic development of what is probably the most exciting economy in the world. It is an award-winning book: A Choice Outstanding Academic Book for 2011. 

Details and purchase information can be found here on the publisher's website or from Amazon. 

Textbook

Macroeconomics
 

An intermediate macroeconomics textbook with an international focus, including on the UK, U.S., EU, is co-authored with Graeme Chamberlin. It is a recommended textbook of the UK Government Economic Service (GES). 

Critical Concepts in Economics book series 

China and Globalisation: 4 volume series of the leading research on the topic of China's economy and globalisation, published by Routledge. How China continues its integration with the global economy is one of today’s crucial questions, both for China’s own growth prospects and for the rest of the world contending with the still numerous developmental challenges of the world’s second-largest economy. In the first thirty years after it emerged from central planning, gradual opening to the world economy formed an integral part of China’s market-orientated reforms. Understanding the effect of trade and investment integration on China’s growth is essential for assessing the sustained development of China. 

China's Macroeconomic Policy: 4 volume series of leading research articles on the topic of China's macroeconomic policy developments, published by Routledge. How China's economic policies have changed and are changing still in the world's second largest economy will affect the global economy. From exchange rates to fiscal policy, Chinese reforms have developed gradually to transform the country from one dominated by the state's central planning apparatus to one with more nuanced policies designed to manage an increasingly market-based economy. Most of the key reforms occurred in the past couple of decades, with key policy regime changes in the past few years. For instance, the RMB regime was set up in 1994, then moved to a trade-weighted basket of currencies in 2005 and then came the latest policy geared at internationalisation of the RMB. All of which have significant effects on the global reserve currency regime. The main topics to be covered will include exchange rates, trade, investment, fiscal policy, monetary policy, financial regulation, and GDP. 

Edited volumes

The Law and Economics of Globalization

This edited volume comprises a set of papers examining the cutting-edge legal, economic and cross-disciplinary issues surrounding globalisation and the challenges of the 21st century. Contributors include: Robert Bird (University of Connecticut), Federico Bonaglia (OECD), Jorge Braga de Macedo (New University of Lisbon), Maurizio Bussolo (World Bank), Graeme Chamberlin (UK Office for National Statistics), Thomas Cottier (University of Berne), Kamala Dawar (University of Amsterdam School of Law), Axel Dreher (Swiss Federal Institute of Technology), Peter Holmes (University of Sussex), Michael Intriligator (University of California at Los Angeles),Raphael Kaplinsky (Open University), Ernst-Ulrich Petersmann (European University Institute of Law) and Razeen Sally (London School of Economics and Political Science), among others. 

‘The diversity of author backgrounds, coupled with an assortment of provocative insights, makes this book a useful tool for delving into the meat of globalization, providing a succinct but authoritative overview of the underpinnings necessary to appreciate the who, what, where, and when of globalization.’ – American Society of International Law

Purchase information can be found here on the publisher's website or Amazon.

The Future of Asian Trade and Growth

The future of Asia is a notable question explored in this book through contributions from economists from Asia, Europe, America, the World Bank and the U.S. Federal Reserve. This edited volume explores the future development of the Asian region including the export-led model of growth. The rise of China and its geopolitical implications starts the book and is followed by detailed analyses of the evolving patterns of regional and global trade patterns. Case studies of China's impact on rich, middle income, poor as well as other emerging economies (India, Russia) are assessed. 

Purchase information for the hard or paperback versions can be found here on the publisher's website or Amazon. It is also available in Kindle.

Globalisation and Growth in China

Globalisation and the opening up of China have had a significant effect on economic growth. China's integration into the global economy has also fundamentally changed the structure of the rest ofthe world. This edited volume with Yang Yao of Peking University includes a number of leading scholars who analyse the impact of China rapid ascent to become the world's biggest trader. 

Purchase information can be found here on the publisher's website or from Amazon