The longlist for the 2018 Financial Times and McKinsey Business Book of the Year award was released earlier this month. The annual award, established in 2005, looks to celebrate “a work which provides the most compelling and enjoyable insight into modern business issues” and generates enough buzz that bookseller Barnes and Noble uses it as a category on its website.
The judging panel, chaired by the editor of the Financial Times Lionel Barber, includes Mohamed El-Erian, chief economic advisor at Allianz, Mozilla's Executive Chair Mitchell Baker, economist Herminia Ibarra, McKinsey & Company’s Partner and Director of Publishing Rik Kirkland, economist and author Dambisa Moyo, Professor of Economics at University of Chicago’s Booth School of Business Randall Kroszner and Shruti Vadera, chairman of Santander UK.
The winner will be announced at a ceremony held on November 12 in London, England and awarded £30,000. All the shortlisted candidates will receive £10,000 each. Last year’s winner was "Janesville" by Amy Goldstein. Goldstein delved into the impact of the 2008 closure of a General Motors factory in Janesville, Wisconsin on the local community. She was the first female author to win the award outright. (See also: Top 5 Books Every Young Investor Must Read.)
A significant number of titles on this year's list focus on capitalism. Former Federal Reserve Chairman Alan Greenspan and Adrian Wooldridge detail its history, Adam Tooze looks at the global financial crisis and the populist movements it led to, Mariana Mazzucato delves into the problems with modern capitalism and James Crabtree lifts the veil on India's growth story to reveal inequality bolstered by crony capitalism. Also included are books on corporate scandals, gender discrimination in Silicon Valley, a former Walt Disney Co. (DIS) executive's autobiography and a title from Microsoft Corp. (MSFT) co-founder Bill Gates' summer reading list about perception and looking on the bright side.
Here is the complete list of the best business books of the year in no particular order:
- Brotopia: Breaking Up the Boys' Club of Silicon Valley - Emily Chang
- Fifty Million Rising: The New Generation of Working Women Transforming the Muslim World - Saadia Zahidi
- The Billionaire Raj: A Journey Through India's New Gilded Age - James Crabtree
- Gigged: The End of the Job and the Future of Work - Sarah Kessler
- Capitalism in America: A History - Alan Greenspan and Adrian Wooldridge.
- Crashed: How a Decade of Financial Crises Changed the World - Adam Tooze
- Who Is Michael Ovitz? - Michael Ovitz
- The Greed Merchants: How the Investment Banks Played the Free Market Game - Philip Augar
- Damaged Goods: The Inside Story of Sir Philip Green, the Collapse of BHS and the Death of the High Street - Oliver Shah
- Bad Blood: Secrets and Lies in a Silicon Valley Startup - John Carreyrou
- Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World - Tom Wright and Bradley Hope
- Factfulness: Ten Reasons We're Wrong About the World--and Why Things Are Better Than You Think - Hans Rosling, Ola Rosling and Anna Rosling Rönnlund
- The Value of Everything: Making and Taking in the Global Economy - Mariana Mazzucato
- Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World - Annie Lowrey
- New Power: How Power Works in Our Hyperconnected World--and How to Make It Work for You - Jeremy Heimans and Henry Timms