Drawing on economic crises from the 1960s through the 2000s, What Went Wrong With Capitalism by Ruchir Sharma examines whether tax cuts and easier financial conditions can genuinely produce shared prosperity. Published in the aftermath of the COVID-19 pandemic, the book argues that capitalism’s dysfunction is not the result of market failure alone, but of decades of policy choices that expanded government intervention, normalized debt, encouraged easy credit, and weakened competition.

Kenneth Rogoff’s Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance, and the Road Ahead has been an extraordinarily timely and insightful read for me this month. The book was written before the 2024 election and published in 2025, and it reflects Rogoff’s experience as the Maurits C. Boas Chair of International Economics at Harvard and as a former chief economist at the IMF.

How Countries Go Broke identifies five major forces shaping the big debt cycle: Debt, Civil War, International War, Acts of Nature, and Technology. The book traces the current cycle back to 1945, when a new monetary and geopolitical order emerged post–World War II. Drawing on decades of experience as co-founder of Bridgewater Associates, the world’s largest hedge fund, Dalio offers grounded insights into today’s economic landscape.

Morgan Housel is a partner at the Collaborative Fund. He was previously a columnist at The Wall Street Journal. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business Writing. Barry Ritholtz, a host of Bloomberg Radio’s Masters in Business, names Morgan Housel as the most popular writer in finance today.