If you have a lot of relation attribute fields to use in list_display and do not want create a function (and it's attributes) for each one, a dirt but simple solution would be override the ModelAdmin instace __getattr__ method, creating the callables on the fly:
class DynamicLookupMixin(object):
    '''
    a mixin to add dynamic callable attributes like 'book__author' which
    return a function that return the instance.book.author value
    '''
    def __getattr__(self, attr):
        if ('__' in attr
            and not attr.startswith('_')
            and not attr.endswith('_boolean')
            and not attr.endswith('_short_description')):
            def dyn_lookup(instance):
                # traverse all __ lookups
                return reduce(lambda parent, child: getattr(parent, child),
                              attr.split('__'),
                              instance)
            # get admin_order_field, boolean and short_description
            dyn_lookup.admin_order_field = attr
            dyn_lookup.boolean = getattr(self, '{}_boolean'.format(attr), False)
            dyn_lookup.short_description = getattr(
                self, '{}_short_description'.format(attr),
                attr.replace('_', ' ').capitalize())
            return dyn_lookup
        # not dynamic lookup, default behaviour
        return self.__getattribute__(attr)
# use examples    
@admin.register(models.Person)
class PersonAdmin(admin.ModelAdmin, DynamicLookupMixin):
    list_display = ['book__author', 'book__publisher__name',
                    'book__publisher__country']
    # custom short description
    book__publisher__country_short_description = 'Publisher Country'
@admin.register(models.Product)
class ProductAdmin(admin.ModelAdmin, DynamicLookupMixin):
    list_display = ('name', 'category__is_new')
    # to show as boolean field
    category__is_new_boolean = True
As gist here
Callable especial attributes like boolean and short_description must be defined as ModelAdmin attributes, eg book__author_verbose_name = 'Author name' and category__is_new_boolean = True.
The callable admin_order_field attribute is defined automatically.
Don't forget to use the list_select_related attribute in your ModelAdmin to make Django avoid aditional queries.