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  • How Economics Explains the World: A Short History of Humanity: A Brief and Powerful Economic History with Timeless Lessons, Learn How Markets Mold Society

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How Economics Explains the World: A Short History of Humanity: A Brief and Powerful Economic History with Timeless Lessons, Learn How Markets Mold Society

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"If you read just one book about economics, make it Andrew Leigh's clear, insightful, and remarkable (and short) work." —Claudia Goldin, recipient of the 2023 Nobel Prize in Economics and Henry Lee Professor of Economics at Harvard University

A sweeping, engrossing history of how economic forces have shaped the world—all in under 200 pages

One of The Economist's Best Books of the Year

In How Economics Explains the World, Harvard-trained economist Andrew Leigh presents a new way to understand the human story. From the dawn of agriculture to AI, here is story of how ingenuity, greed, and desire for betterment have, to an astonishing degree, determined our past, present, and future. 

This small book indeed tells a big story. It is the story of capitalism – of how our market system developed. It is the story of the discipline of economics, and some of the key figures who formed it. And it is the story of how economic forces have shaped world history. Why didn’t Africa colonize Europe instead of the other way around? What happened when countries erected trade and immigration barriers in the 1930s? Why did the Allies win World War II? Why did inequality in many advanced countries fall during the 1950s and 1960s? How did property rights drive China’s growth surge in the 1980s? How does climate change threaten our future prosperity? You’ll find answers to these questions and more in this essential work of economic history.

"Can a short book survey the full history of something so vast and remain readable? To find out, read How Economics Explains the World, by Andrew Leigh. In simple, clear language—and less than 200 pages—it does exactly what its title promises. … Leigh canters through the history of human progress, pausing briefly to explain the economic forces and ideas that drove it forward. … Along the way, readers meet the big economic thinkers who sought to explain these forces. Both finance aficionados and mere novices will read, savour and return to this book." –The Economist, "The Best New Books to Read about Finance"

Leigh connects the dots from ancient history to modern dilemmas, revealing the economic principles that explain our world.

  • Global Economics: Understand the development of our market system and answer provocative questions, like why Europe colonized Africa and not the other way around.
  • Historical Forces: Discover the economic underpinnings of major world events, including the real reasons the Allies won World War II.
  • Inequality and Growth: Uncover the surprising link between property rights and China’s economic surge, and investigate the forces that shape wealth distribution.
  • Future Prosperity: Confront the most pressing modern challenge as Leigh explains how climate change threatens our shared economic future.
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Editorial Reviews

Review

"Leigh manages to give the casual reader an insight into economics, one of humanity’s most powerful forces, while enticing them to run even further." - Sydney Morning Herald

"If you read just one book about economics, make it Andrew Leigh’s clear, insightful, and remarkable (and short) work. Learn why we are richer, live longer, have healthier children, are monumentally more productive and are happier than our ancestors." - Claudia Goldin, recipient of the 2023 Nobel Prize in Economics and Henry Lee Professor of Economics, Harvard University

"This 'short' book is bursting with insights about economics, illustrated by memorable stories and historical events. People who are curious about but confused by economics will learn enough from this volume to be conversant for life. Andrew Leigh is not only an engaging writer, he is charming and fun as well—something that cannot be said of all economists!" - Caroline M. Hoxby, Scott and Donya Bommer Professor of Economics, Stanford University

"Leigh takes the reader on an engaging romp through key moments in the world's economic history that created the economies we see today around the globe. It is essential reading for anyone looking to understand today's economy." - Betsey Stevenson, Professor of Economics, University of Michigan, and coauthor of Principles of Economics

“A satisfying overview of economic history.” - Publishers Weekly

“Leigh's work is an essential and accessible key to understanding global economics.” - Booklist

“Can a short book survey the full history of something so vast and remain readable? To find out, read How Economics Explains the World, by Andrew Leigh. In simple, clear language—and less than 200 pages—it does exactly what its title promises. … Leigh canters through the history of human progress, pausing briefly to explain the economic forces and ideas that drove it forward. … Along the way, readers meet the big economic thinkers who sought to explain these forces. Both finance aficionados and mere novices will read, savour and return to this book.” - The Economist, “The Best New Books to Read about Finance”

 “The book is riveting and hard to put down.” - Medium

"If you read just one economics book [this year]—and perhaps if you just read one economics book in your life—it should be this book by Andrew Leigh, an Australian economics professor turned elected politician. How Economics Explains the World is a relatively short and easy read, proceeding chronologically from the advent of agriculture to the present day. Underlying it is an immense wealth of scholarship and economic ideas about economic history, the process of growth, and economic concepts like opportunity cost and thinking on the margin that are almost invisibly woven into the fabric throughout the book." - Jason Furman (Chairman of the Council of Economic Advisers under President Barack Obama), Five Books, "The Best Economics Books of the Year"

“A fun and fast-paced history of civilization as seen from the perspective of economists.” - Alex Hutchinson, Outside, “Sweat Science Summer Reading List”

About the Author

Andrew Leigh received his PhD from Harvard University and was a professor of economics at the Australian National University. Since 2010 he has served as an MP in the Australian House of Representatives, where he is Assistant Minister for Competition, Charities and Treasury. His papers have appeared in the American Economic Review, Journal of Public Economics, and Economic Journal, and his books include Battlers and Billionaires, The Luck of Politics, Reconnected, and Randomistas (Yale University Press).

Product details

  • Publisher ‏ : ‎ Mariner Books
  • Publication date ‏ : ‎ September 3, 2024
  • Language ‏ : ‎ English
  • Print length ‏ : ‎ 240 pages
  • ISBN-10 ‏ : ‎ 0063383780
  • ISBN-13 ‏ : ‎ 978-0063383784
  • Item Weight ‏ : ‎ 10.2 ounces
  • Dimensions ‏ : ‎ 5.5 x 0.75 x 8 inches
  • Best Sellers Rank: #48,265 in Books (See Top 100 in Books)
  • Customer Reviews:
    4.3 out of 5 stars (612)

About the author

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Andrew Leigh
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Andrew Leigh is the Assistant Minister for Productivity, Competition, Charities and Treasury, and Federal Member for Fenner in the ACT. Prior to being elected in 2010, Andrew was a professor of economics at the Australian National University. He holds a PhD in Public Policy from Harvard, having graduated from the University of Sydney with first class honours in Arts and Law. Andrew is a past recipient of the Economic Society of Australia's Young Economist Award and a Fellow of the Australian Academy of Social Sciences.

His books include Disconnected (2010), Battlers and Billionaires: The Story of Inequality in Australia (2013), The Economics of Just About Everything (2014), The Luck of Politics (2015), Choosing Openness: Why Global Engagement is Best for Australia (2017), Randomistas: How Radical Researchers Changed Our World (2018), Innovation + Equality: How to Create a Future That Is More Star Trek Than Terminator (with Joshua Gans) (2019), Reconnected: A Community Builder's Handbook (with Nick Terrell) (2020), What's the Worst That Could Happen? Existential Risk and Extreme Politics (2021), Fair Game: Lessons From Sport for a Fairer Society and a Stronger Economy (2022), The Shortest History of Economics (2024), Battlers and Billionaires: The Updated Story of Inequality in Australia (2024) and The Shortest History of Innovation (2026).

Andrew is a keen Ironman triathlete and marathon runner, and hosts a podcast called The Good Life: Andrew Leigh in Conversation, about living a happier, healthier and more ethical life. Andrew is the father of three sons - Sebastian, Theodore and Zachary, and lives with his wife Gweneth in Canberra.