Here are 100 books that Managed by the Markets fans have personally recommended if you like
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I have been researching the changes in the workplace for 40 years now. The steady move over that time has been away from a situation where employers controlled the development of their “talent” and managed it carefully, especially for white-collar workers, toward arrangements that are much more arms-length where employees are on their own to develop their skills and manage their career. Most employees now see at least some management practices that just don’t make sense even for their own employer–casual approaches to hiring, using “leased employees” and contractors, who are paid more, to do the same work as employees, leaving vacancies open, and so forth.
This is a classic oral history of jobs in what older people call “the good old days.” It is told from the perspective of the individuals doing the jobs they were talking about, and it reveals how interesting their day-to-day experience is.
The reminder for today, especially in our remote workplaces, is how important relationships with people at work are to our happiness and well-being. It’s also a reminder of how important it is for people to have some control over what they do and to feel invested in their work.
People want to do things well and take pride in what they do. We forget all this when we think of workers as widgets to be optimized.
Perhaps Studs Terkel's best-known book, Working is a compelling, fascinating look at jobs and the people who do them. Consisting of over one hundred interviews conducted with everyone from gravediggers to studio heads, this book provides a timeless snapshot of people's feelings about their working lives, as well as a relevant and lasting look at how work fits into American life.
The dragons of Yuro have been hunted to extinction.
On a small, isolated island, in a reclusive forest, lives bandit leader Marani and her brother Jacks. With their outlaw band they rob from the rich to feed themselves, raiding carriages and dodging the occasional vindictive…
I have been researching the changes in the workplace for 40 years now. The steady move over that time has been away from a situation where employers controlled the development of their “talent” and managed it carefully, especially for white-collar workers, toward arrangements that are much more arms-length where employees are on their own to develop their skills and manage their career. Most employees now see at least some management practices that just don’t make sense even for their own employer–casual approaches to hiring, using “leased employees” and contractors, who are paid more, to do the same work as employees, leaving vacancies open, and so forth.
Most of the discussion about whether jobs are good or bad focuses on wages. The sociologists add the concern about uncertainty–will my job last?
What gets far less attention is the fact that the way we manage employees has a direct and profound effect on their mental health and, in turn, on their physical health.
This is a new finding and an important one. We can see a direct effect of bad management practices on employee sickness and death. As documented here, stress kills.
In one survey, 61 percent of employees said that workplace stress had made them sick and 7 percent said they had actually been hospitalized. Job stress costs US employers more than $300 billion annually and may cause 120,000 excess deaths each year. In China, 1 million people a year may be dying from overwork. People are literally dying for a paycheck. And it needs to stop.
In this timely, provocative book, Jeffrey Pfeffer contends that many modern management commonalities such as long work hours, work-family conflict, and economic insecurity are toxic to employees—hurting engagement, increasing turnover, and destroying people’s physical…
I have been researching the changes in the workplace for 40 years now. The steady move over that time has been away from a situation where employers controlled the development of their “talent” and managed it carefully, especially for white-collar workers, toward arrangements that are much more arms-length where employees are on their own to develop their skills and manage their career. Most employees now see at least some management practices that just don’t make sense even for their own employer–casual approaches to hiring, using “leased employees” and contractors, who are paid more, to do the same work as employees, leaving vacancies open, and so forth.
There is an entire industry that talks very positively and upbeat about finding jobs, and we tend to think of job search as a good thing–good for people and good for organizations–that helps us grow and develop.
Ilana Gershon is an ethnographer, and she moved into groups of people trying to find new jobs. These aren’t the hot-shot computer nerds who happen to have the very specific skills in demand right now; they are average people looking for all the other jobs.
She finds the process is full of snake-oil advice (“find your superpower”!) and false optimism from pop-psychologists who suggest you can just will and network your way to a better job. It is a frustrating process made almost completely opaque by employers who reveal little and provide no feedback to job candidates.
Finding a job used to be simple. You'd show up at an office and ask for an application. A friend would mention a job in their department. Or you'd see an ad in a newspaper and send in your cover letter. Maybe you'd call the company a week later to check in, but the basic approach was easy. And once you got a job, you would stay often for decades. Now ...well, it's complicated. If you want to have a shot at a good job, you need to have a robust profile on LinkdIn. And an enticing personal brand. Or…
Jake Sledge, a rugged ex-cop turned private eye, teams up with his colossal partner Bobo to navigate the gritty streets of River City.
A murdered lawyer drags them into a web of political intrigue, neo-Nazi thugs, and bloody showdowns. With sharp wit and hard-hitting action, Jake tackles scumbags the only…
I have been researching the changes in the workplace for 40 years now. The steady move over that time has been away from a situation where employers controlled the development of their “talent” and managed it carefully, especially for white-collar workers, toward arrangements that are much more arms-length where employees are on their own to develop their skills and manage their career. Most employees now see at least some management practices that just don’t make sense even for their own employer–casual approaches to hiring, using “leased employees” and contractors, who are paid more, to do the same work as employees, leaving vacancies open, and so forth.
Most experts now see 1981 as the key moment when the economy changed: jobs became much less secure, white-collar jobs no longer felt like insiders to the power structure, benefits and wages fell, and income inequality took off.
This book describes the process of moving toward more open-market arrangements in employment. It is largely an explanation driven by events within the US, ultimately political and “private policy” decisions driven by a different view on business obligations.
The economic boom of the 1990s veiled a grim reality: in addition to the growing gap between rich and poor, the gap between good and bad quality jobs was also expanding. The postwar prosperity of the mid-twentieth century had enabled millions of American workers to join the middle class, but as author Arne L. Kalleberg shows, by the 1970s this upward movement had slowed, in part due to the steady disappearance of secure, well-paying industrial jobs. Ever since, precarious employment has been on the rise―paying low wages, offering few benefits, and with virtually no long-term security. Today, the polarization between…
In high school I became interested in politics and economics. Soon I found the Austrian school and decided to make it my profession. I went to the US to study Austrian economics and later to Spain to study with Prof. Huerta de Soto. Finally, I became a Professor of Economics myself, teaching and writing in the tradition of the Austrian School.
Those who want to understand the origins of business cycles and how to prevent them should read this book.
One of the most pressing, if not the most pressing, problem of our societies today is our monetary and financial system. This book explains why and offers a solution.
I believe that it is the most complete Austrian treatise on money and banking. It is interdisciplinary looking at law and history as well. I have used it as a textbook for years in class and I have translated it into German. Every serious student of money and banking has to have mastered this book.
Can the market fully manage the money and banking sector?
Jesús Huerta de Soto, professor of economics at the Universidad Rey Juan Carlos, Madrid, has made history with this mammoth and exciting treatise that it has and can again, without inflation, without business cycles, and without the economic instability that has characterized the age of government control.
Such a book as this comes along only once every several generations: a complete comprehensive treatise on economic theory. It is sweeping, revolutionary, and devastating--not only the most extended elucidation of Austrian business cycle theory to ever appear in print but also a…
I’ve been an independent investor for nearly 25 years. In my previous life as an employee, I was a research actuary for a firm of pension consultants, and then a university lecturer. I left my last academic job at the age of 35 because I had made enough money to survive, and freedom was worth more to me than a salary. FIRE (Financial Independence – Retire Early) is what it’s called these days, but with two differences. First, I’m not retired: I spend most of my time on investing, but entirely on my own terms. Second, and relatedly, I’m an active investor, albeit a cheap one, nearly as cheap as an index fund.
This book comprises an edited compendium of investment reports from Marathon Investment Management, with three broad themes.
First, stock markets are about capitalism, not macroeconomics.
Second, successful investment requires an understanding of the relative size and composition of supply, demand, production, and consumption. You need to compare heterogeneity, fragmentation, and growth (positive or negative) on both sides of a company’s market.
Third, pay attention to the capital cycle. Seek out sectors from which investors’ capital and attention are being withdrawn, and be wary of sectors which are attracting increasing capital and attention.
We live in an age of serial asset bubbles and spectacular busts. Economists, policymakers, central bankers and most people in the financial world have been blindsided by these busts, while investors have lost trillions. Economists argue that bubbles can only be spotted after they burst and that market moves are unpredictable. Yet Marathon Asset Management, a London-based investment firm managing over $50 billion of assets has developed a relatively simple method for identifying and potentially avoiding them: follow the money, or rather the trail of investment. Bubbles whether they affect a whole economy or merely a single industry, tend to…
Caroline Herschel has always lived in the shadows. Beholden to her wildly popular older brother, William, who rescued her from servitude, she's worked hard to build a life for herself – one where she can go unnoticed and repay the debt she believes she owes him. But when her brother…
I was a very bright little girl growing up in Boston, Massachusetts in the mid-1960s. I passed the entrance exam for Girls’ Latin School in Boston without difficulty and set out for a lifelong journey through many great institutions of higher learning. By the time I was a university student, I knew I wanted to help solve social problems. So, I chose to become an economist. I’m a bit techy but I also have a passion for great writing and history. In recent years, my profession has allowed me to get to know Asia and its amazing cultures through my visits to Hong Kong, Taiwan, Japan, China, India, and my current abode, Beirut!
I read this wonderful book in the early 2000s when I had returned to Istanbul, Türkiye back from a professional position in the UK.
I was captivated by its description of the flora and fauna of our geography. I recall reading how the beloved chestnut trees of our region had made their way there from China. Braudel is an economic historian who is known to have placed physical and biological nature in the foreground of historical analysis. Thus, according to Braudel, nature is not merely space to be conquered or to be shaped by human desires.
Indeed, the organization of economic life in the Mediterranean was probably shaped by the diversity and difficulty of its geography as much as shaping it, as we argued in our article on Mediterranean business cycles published with Fabio Canova in Open Economies Review in 2013.
This general reader's history of the ancient mediterranean combines a thorough grasp of the scholarship of the day with an great historian's gift for imaginative reconstruction and inspired analogy. Extensive notes allow the reader to appreciate thestate of scholarship at the time of writing, the scale and breadth of Braudel's learning and the points where orthodoxy has changed, sometimes vindicating Braudel, sometimes proving him wrong. Above all the book offers us the chance to situate Braudel's mediterranean, born of a lifetime's love and knowledge, more clearly in the climates of the sea's history.
As an entrepreneur and a professional business valuation specialist, I have a passion for understanding entrepreneurship and its often-transformational impact on society/civilization. Having worked with many business owners and inventors over the years, I've noticed that money is not always the primary motivating factor for entrepreneurs. In many instances, the benefits their products and services are intended to provide—and, in some instances, the wider social implications of those benefits—are what animates these business adventurers the most. So, these days when the work of NewSpace entrepreneurs like Musk, Bezos, and Branson are likely leading humankind to a multiplanetary future, it's an opportune time to explore the impact of entrepreneurship on society.
More so than almost any other economist of his stature, Joseph Schumpeter appreciated the central importance of entrepreneurship to any proper understanding of economics. After all, Schumpeter was the academic who popularized (but did not actually coin) the term “creative destruction,” now synonymous with the disruptive but ultimately beneficial process of innovative entrepreneurship.
In Business Cycles, among other topics, the Austrian-born economist explains how the entrepreneur, defined as an “individual who carries out innovations,” interacts with the capitalist, defined as “the one who bears the [financial] risk.” Their collaborative work lies at the core of what Schumpeter describes as economic “evolution,” impacting the business cycle and the lives of everyone in a capitalist society. First published in 1939, Schumpeter’s observations still resonate over 80 years later.
2017 Reprint of 1939 First Edition. Volume One Only. Volume Two published separately by Martino Fine Books ISBN 978-1-68422-065-6. Full facsimile of the original edition, not reproduced with Optical Recognition Software. Schumpeter is without doubt one of the most influential economists of the 20th century. “Business Cycles” [1939] is considered his great work. We reprint the first edition published in 1939 in two volumes. In "Business Cycles" Schumpeter focuses powerfully on the historical role of technological innovation in accounting for the high degree of instability in capitalists societies. He aims to analyze empirically the actual process of economic development using…
My entire career has been spent in finance. From life insurance to central banks, from stock exchanges to post-trade clearing and settlement, this is all I’ve ever done. My college degrees include BSBA in Business/Marketing, MBA in Management, and PhD in Economics. In addition to knowing what a lot of people know about finance, I also worked inside the “black box” of the Federal Reserve System and depository trust and clearing corporations (in 4 cities, on 2 continents). Therefore, I know more about the plumbing of stock market infrastructure than most people who have careers (and education) as long as mine.
Co-author Ken Rogoff taught my PhD course in Global Economics while he was a visiting professor at NYU (from Princeton). We used Foundations of International Macroeconomics as our textbook; Ken was writing the book with Maurice Obstfeld. When I turned in a handful of pages to him with editorial corrections, he hired me to edit the rest of the book and a research paper for him! It caused quite a stir among my peers when Ken thanked me by name when the article was published (JEL, June 1996). This book traces eight hundred years of financial crises to demonstrate that they are, in fact, predictable. Economists and policymakers are taken by surprise only because they do not learn the lessons from one crisis to the next.
Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. With this breakthrough study, leading economists Carmen Reinhart and Kenneth Rogoff definitively prove them wrong. Covering sixty-six countries across five continents, This Time Is Different presents a comprehensive look at the varieties of financial crises, and guides us through eight astonishing centuries of government defaults, banking panics, and inflationary…
Rodney Bradford comes into Lindsay's restaurant, offers to buy her small house for double its value, eats her brownies, and drops dead on the sidewalk in front. Next, her almost-ex-husband offers to sign the divorce papers, but only if she'll give him her small,…
After receiving my doctorate in Economics at Cambridge University, I embarked on a 35-year sabbatical as a venture capitalist focused on information technology. I learned about the critical role that the American state had played by sponsoring the computer industry. When the "Dotcom Bubble" of the late 1990s grossly overpriced my companies, because I had written my PhD thesis on 1929-1931 when the Bubble of the Roaring Twenties exploded, I had seen the movie before and knew how it ended. I returned to Cambridge determined to tell this saga of innovation at the frontier and the strategic roles played by financial speculation and the state in funding economic transformation."
Philippe Aghion has been one of the pioneers in the development of “Schumpeterian Growth Theory” to model the process of Creative Destruction” that drives technological innovation and economic growth. This is an accessible presentation of the dynamics of the model and the observable consequences in the real world.
I have found it essential for teaching my course on Venture Capital and the Economics of Innovation.
Hayek Book Prize Finalist An Economist Best Book of the Year A Foreign Affairs Best Book of the Year A Financial Times Summer Reading Favorite
"Sweeping, authoritative and-for the times-strikingly upbeat...The overall argument is compelling and...it carries a trace of Schumpeterian subversion." -The Economist
"[An] important book...Lucid, empirically grounded, wide-ranging, and well-argued." -Martin Wolf, Financial Times
"Offers...much needed insight into the sources of economic growth and the kinds of policies that will promote it...All in Washington would do well to read this volume carefully." -Milton Ezrati, Forbes
Inequality is on the rise, growth stagnant, the environment in crisis. Covid seems…
