Economics & Money
The Road to Serfdom with The Intellectuals and Socialism
Friedrich A. Hayek
A condensed version of Friedrich Hayek's classic critique of collectivism, arguing that central planning inevitably leads to a loss of freedom and the rise of totalitarianism. This edition also includes Hayek's essay 'The Intellectuals and Socialism,' exploring the role of intellectuals in promoting socialist ideas.
How to Make Money in Stocks
William J. O'Neil
Learn a proven system for making money in the stock market, whether times are good or bad. This book provides simple, easy-to-understand explanations of how the market works, how to select stocks, and when to buy and sell. Discover how to protect yourself against risks and achieve financial success.
The Most Important Thing
Howard Marks
A distillation of investment wisdom from a renowned expert, this book offers uncommon sense for thoughtful investors. It emphasizes the importance of second-level thinking, understanding market efficiency, and accurately estimating intrinsic value to achieve superior investment results.
The Power Broker
Robert A. Caro
"The Power Broker" is widely considered one of the greatest non-fiction books ever written. In this Pulitzer Prize-winning masterpiece, journalist Robert A. Caro chronicles the life of Robert Moses, the "Master Builder" who shaped the physical reality of New York City and its suburbs more than any elected official in history. Caro uses Moses’ life to study a larger subject: the acquisition and use of power in a democracy. He reveals how Moses, who was never elected to public office, amassed absolute control for 44 years. By manipulating the murky legal structures of "Public Authorities" (like the Triborough Bridge Authority), Moses generated his own revenue streams, freeing him from the oversight of mayors, governors, and voters. The book is a tragedy of arrogance. It details how Moses started as an idealist dreamer building public parks but transformed into a tyrant who displaced half a million people. Caro meticulously documents the human cost of "progress"—from the destruction of vibrant neighborhoods for the Cross Bronx Expressway to the deliberate design of low bridges to keep buses (and low-income minorities) away from Jones Beach.
Abundance
Ezra Klein
In "Abundance: What Progress Takes," Ezra Klein and Derek Thompson challenge the prevailing mindset of scarcity that dominates modern political and economic discourse. Imagining a future of abundance in 2050, the authors argue that many of today's challenges, from the housing crisis to climate change, stem not from genuine resource limitations but from self-imposed restrictions and inefficient systems. They critique the "supply-side mistake" in politics and advocate for a proactive approach focused on growth, building, and innovation. Readers will explore the paradox of abundance, where well-intentioned regulations and bureaucratic hurdles ironically impede progress on critical issues. The book delves into the housing crisis, the challenges of large-scale infrastructure projects, and the stagnation of scientific progress, offering insightful analysis of the systemic biases and inefficiencies that hinder societal advancement. Through case studies like California's high-speed rail and the development of penicillin and solar energy, the authors expose the "eureka myth" and highlight the importance of strategic deployment and government intervention in translating inventions into widespread public benefit. Ultimately, "Abundance" calls for a refocused liberalism that prioritizes building, innovation, and effective implementation to address societal challenges. Klein and Thompson critique both right-wing scarcity politics and "everything-bagel liberalism," advocating for a new political order centered on abundance and a proactive vision for creating a more prosperous and equitable future.
The Revolt of the Public
Martin Gurri
"The Revolt of the Public: And The Crisis of Authority in the New Millennium" examines the profound impact of the information age on established institutions and the rise of a networked public. It argues that society is undergoing a fundamental shift from hierarchical structures to a more egalitarian, digitally-driven landscape, resulting in a global crisis of authority. Through case studies and analysis, the book explores how the explosion of information and the rise of independent digital channels have empowered ordinary individuals, challenged governmental legitimacy, and fueled widespread distrust in institutions ranging from government and media to science and finance. Readers will gain insight into the dynamics of this turbulent age, understanding how the networked public operates, what motivates its anti-authority stance, and how it differs from traditional notions of "the people" or "the masses." The book dissects the 'failure of government' in modern democracies, attributing it to the gap between utopian promises and realistic capabilities, further exacerbated by the public's access to information and platforms for dissent. It also explores the dangers of nihilism within democratic processes, where constant negation and distrust threaten the stability of the system. Ultimately, "The Revolt of the Public" grapples with the choices facing individuals and governments in this new era. It advocates for honest expectations of government, increased transparency, and open communication as potential pathways to rebuild trust and reconcile personal choices with democratic systems. The book serves as a warning about the fragility of democracy in the face of unchecked negation and distrust, urging a critical discussion on how to navigate the ongoing collision between the networked public and traditional hierarchies.
Power and Prediction
Ajay Agrawal
Explore the transformative power of AI and its disruptive impact on the economy. This book delves into how AI is reshaping industries, enhancing decision-making, and creating new systems that will redefine the future of work and business.
The Origins of Political Order
Francis Fukuyama
An exploration of the historical origins of political institutions, from prehuman times to the eve of the French and American revolutions. This volume delves into the emergence of the state, the rule of law, and accountable government, examining the factors that drive political development and decay across different societies and historical periods.