Here are 100 books that Risk, Uncertainty, and Profit fans have personally recommended if you like
Risk, Uncertainty, and Profit.
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My passion from a young age has always been cities, the most fascinating of human creations. This has led me to work on them as an urban designer to help shape and guide them. I have been privileged to work on amazing projects in cities as diverse as s diverse as Toronto, Hartford, Amsterdam, New York, Boston, Montréal, Ottawa, Edmonton, Calgary, St. Louis, Washington DC, Paris, Detroit, Saint Paul and San Juan Puerto Rico. On the way, I met remarkable people, learned valuable lessons, and had the opportunity to collaborate with great colleagues. I have written about these experiences in three books and had the opportunity to share my passion through teaching. I have chosen some of the books that have most inspired me on my journey.
This eye-opening book was a revelation to me as a young student of architecture. It provided the keys to how cities really work. Its observations are as relevant and fresh today as they were when it was published in 1961. For me and many in my generation, it helped us to see and appreciate the organic, human-centered dynamics of neighborhoods, introducing the powerful concept of “organized complexity,” which made sense of things we saw but failed to understand.
I met Jane in Toronto in 1968 where she became a lifelong friend and mentor until her death in 2006. It remains a foundational text for me in understanding urban life and my life’s work.
In this classic text, Jane Jacobs set out to produce an attack on current city planning and rebuilding and to introduce new principles by which these should be governed. The result is one of the most stimulating books on cities ever written.
Throughout the post-war period, planners temperamentally unsympathetic to cities have been let loose on our urban environment. Inspired by the ideals of the Garden City or Le Corbusier's Radiant City, they have dreamt up ambitious projects based on self-contained neighbourhoods, super-blocks, rigid 'scientific' plans and endless acres of grass. Yet they seldom stop to look at what actually…
Magical realism meets the magic of Christmas in this mix of Jewish, New Testament, and Santa stories–all reenacted in an urban psychiatric hospital!
On locked ward 5C4, Josh, a patient with many similarities to Jesus, is hospitalized concurrently with Nick, a patient with many similarities to Santa. The two argue…
I have always been curious about why societies develop, which is why I was drawn to the social sciences as a student. I first encountered attempts to explain development in economics, but found that mainstream models were too neat and abstract to account for my everyday observations. Why are there no entrepreneurs in the models, and why do most economists assume that property rights are unambiguous? I eventually discovered that non-mainstream economic theories and some of the other social sciences are more concerned with reality. Eventually I developed an eclectic framework with a focus on entrepreneurship, institutions, and spatial agglomerations as factors that shape socio-economic development.
This is the second book that I read about entrepreneurship. It’s also my second favorite book on economics.
Unlike Schumpeter, Kirzner does not assume that entrepreneurship is an unusual activity. Most people are entrepreneurial at some point. Successful entrepreneurship means being alert to profit opportunities that others have not noticed.
The underlying message is that there is such a thing as a free lunch. Kirzner views the market as a process rather than an equilibrium state. It is a superb book for understanding why mainstream neoclassical economics is unrealistic, but it does not address uncertainty.
Stressing verbal logic rather than mathematics, Israel M. Kirzner provides at once a thorough critique of contemporary price theory, an essay on the theory of entrepreneurship, and an essay on the theory of competition. Competition and Entrepreneurship offers a new appraisal of quality competition, of selling effort, and of the fundamental weaknesses of contemporary welfare economics.
Kirzner's book establishes a theory of the market and the price system which differs from orthodox price theory. He sees orthodox price theory as explaining the configuration of prices and quantities that satisfied the conditions for equilibrium. Mr. Kirzner argues that "it is more…
I have always been curious about why societies develop, which is why I was drawn to the social sciences as a student. I first encountered attempts to explain development in economics, but found that mainstream models were too neat and abstract to account for my everyday observations. Why are there no entrepreneurs in the models, and why do most economists assume that property rights are unambiguous? I eventually discovered that non-mainstream economic theories and some of the other social sciences are more concerned with reality. Eventually I developed an eclectic framework with a focus on entrepreneurship, institutions, and spatial agglomerations as factors that shape socio-economic development.
I make use of the basic concepts that Barzel introduced in this book, but deviate more from conventional neoclassical economics.
Economic property rights are about effective control over resources, and not necessarily about legal rights. A key insight is that a resource consists of an open-ended number of attributes and therefore that control over a resource can become more complex as the number of attributes increases.
There is also a tendency for control to change hands as market participants discover more valuable uses of resources.
This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources. Property rights and all forms of organisation result from people's deliberate actions. In the tradition of Coase, this study offers a unified theoretical structure to deal with exchange, rights formation and organisation which traditional economic theory assumes away. A person's economic property rights over an asset are defined here as the person's ability to gain from the asset by direct consumption or by exchange. It is prohibitively costly to measure accurately all assets' attributes;…
Stealing technology from parallel Earths was supposed to make Declan rich. Instead, it might destroy everything.
Declan is a self-proclaimed interdimensional interloper, travelling to parallel Earths to retrieve futuristic cutting-edge technology for his employer. It's profitable work, and he doesn't ask questions. But when he befriends an amazing humanoid robot,…
I have always been curious about why societies develop, which is why I was drawn to the social sciences as a student. I first encountered attempts to explain development in economics, but found that mainstream models were too neat and abstract to account for my everyday observations. Why are there no entrepreneurs in the models, and why do most economists assume that property rights are unambiguous? I eventually discovered that non-mainstream economic theories and some of the other social sciences are more concerned with reality. Eventually I developed an eclectic framework with a focus on entrepreneurship, institutions, and spatial agglomerations as factors that shape socio-economic development.
This is the first book I read about the role of entrepreneurs in the economy. I have mixed feelings about it.
It’s filled with insights but it is also deeply flawed. Entrepreneurs drive economic development and engage in “creative destruction.” The market is about change rather than equilibrium. These are both great insights.
But history has refuted Schumpeter’s Nietzschean view that entrepreneurship is confined to “captains of industry” with unusual personality traits, and his attempts to explain business cycles is unpersuasive.
Joseph Schumpeter (1883-1950) is one of the most fascinating and influential economists of the twentieth century, renowned for his brilliant and unorthodox insights into the nature of capitalism. His students include leading economists such as Paul Samuelson, Robert Solow and the former chairman of the Federal Reserve, Alan Greenspan.
The Theory of Economic Development is one of Schumpeter's most important books and the one that made him famous. He poses a fundamental question: why does economic development proceed cyclically rather than evenly? Turning prevailing economic theory, which approached economics as equilibrium, on its head, Schumpeter argues it is because economics…
When I look back at my childhood, I can easily find examples of my mother grooming me for leadership – she taught me how to budget my money while I was in kindergarten, helped me understand contracts when I was in seventh grade, and so on. Little did I know how important those skills would be while navigating (first) the music world and later the world of all the arts. I’ve been fortunate enough to perform worldwide and serve in several noted arts leadership positions thanks to the guidance and support of several mentors, and I would love for all artists to have those same opportunities.
Much like my previous recommendation, The New Arts Entrepreneurwill help artists understand the items they need to consider and the steps they can take in order to move their career to the next level, whether their focus is an arts-related business endeavor or their own personal artistry.
The New Arts Entrepreneur is the first uniquely designed pedagogy for arts entrepreneurship educators and students. Melding an arts-first approach with understandable entrepreneurial concepts and newly formulated tools, the text helps arts students to envision themselves as an entrepreneurial CEO, not simply another random entrepreneur flailing through a maze of well-worn entrepreneurial suggestions that don't fit.
At the core of the text are the entrepreneurial ecologies of the arts. The ecologies provide a framework to envision an entrepreneurial horizon for almost any arts-based business, included those ventures seeking to impact the production of art. In addition to this revolutionary framework,…
I never thought I would be an entrepreneur. In fact, I was happy in corporate life. But when my job in corporate America blew up, I realized that I need to rethink my entire approach to building my career and my life. The result of these efforts is The 10% Entrepreneur. Over the past decade, I have integrated entrepreneurship into my life on a part-time basis, reaping meaningful financial and psychic rewards in the process. In the process, I have taught hundreds of thousands of others that entrepreneurship does not have to be an all-or-nothing proposition.
So many entrepreneurs work endless hours without finding a way to monetize their work. They achieve success on paper, but don’t actually reap the financial benefits. This book provides a roadmap to monetize your talents in a number of ways – from building your brand to figuring out how to get people to pay for your services.
It's no secret that the world of work has changed, and we're shifting toward an ever more entrepreneurial, self-reliant, work-from-wherever-you-are economy. That can be a liberating force, and many professionals dream of becoming independent, whether by starting their own businesses, becoming consultants or freelancers, or developing a sideline.
But there's a major obstacle professionals face when they contemplate taking the leap: how to actually make money doing what they love. You may have incredible talent and novel ideas, but figuring out how to get started, building your reputation in a…
Nature writer Sharman Apt Russell tells stories of her experiences tracking wildlife—mostly mammals, from mountain lions to pocket mice—near her home in New Mexico, with lessons that hold true across North America. She guides readers through the basics of identifying tracks and signs, revealing a landscape filled with the marks…
Rupert Scofield is the President & CEO of a global financial services empire spanning 20 countries of Latin America, Africa, Eurasia and the Middle East, serving millions of the world’s poorest families, especially women. Scofield has spent the better part of his life dodging revolutions, earthquakes and assassins in the Third World, and once ran for his life from a mob in Mogadishu, Somalia.
Alex Lazarow is one of those rare people who can observe things taking place around the world and package them for us in a way we can comprehend that an important change in the way things used to be done is taking place, and if we want to keep up we need to pay attention. The change Alex sees is in the way start-ups are happening and companies are being structured. Whereas investors and entrepreneurs alike used to try to create “unicorns” – i.e., companies that “disrupted” an existing sector with little capital investment and could scale from thousands to millions in sales in less than a year, and IPO the next year to achieve a market cap of billions – Alex thinks the future is with “Camels”, which do not try to scale recklessly to achieve a gigantic short term payday but rather try to build something that is…
The new playbook for innovation and startup success is emerging from beyond Silicon Valley--at the "frontier."
Startups have changed the world. In the United States, many startups, such as Tesla, Apple, and Amazon, have become household names. The economic value of startups has doubled since 1992 and is projected to double again in the next fifteen years.
For decades, the hot center of this phenomenon has been Silicon Valley. This is changing fast. Thanks to technology, startups are now taking root everywhere, from Delhi to Detroit to Nairobi to Sao Paulo. Yet despite this globalization of startup activity, our knowledge…
I grew up on the ocean, surrounded by stories of pirates and mystery. Back then, I became enthralled with old detective series like Nancy Drew. Today, I am hooked on Agatha Christie. Though I primarily read and write nonfiction, they retain that mysterious element that has always intrigued me. In my teaching, writing, and research, I work with genealogy and true crime. I’m also obsessed with true crime books and podcasts. I hope you enjoy the list I have picked for you!
As I finished each chapter of this book, I couldn’t wait to read the next one. Finkel’s book is a suspenseful and psychological dive into the world of a gentleman art thief.
The disappearance in this book? Billions of dollars in stolen art. The thief? Stéphane Breitwieser is a self-proclaimed art collector living in his mother's attic with his girlfriend and their treasure trove of stolen art. What compels him to steal? How does he get away with it? How does he eventually get caught? These are the questions that kept me reading!
'His crime spree makes for a thrilling read' - The New Yorker
'A breath-taking read, as compelling as a Highsmith novel. I loved it' - Maggie O'Farrell
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The true story of the world's most prolific art thief, who accumulated a collection worth over $1.4 billion. A spellbinding portrait of obsession and flawed genius, from the bestselling author of The Stranger in the Wood.
For centuries, works of art have been stolen in countless ways from all over the world, but no one has been…
I am a writer and a sociologist of money. I am passionate about money, relationships, and family violence, because I know from my research that talking about money opens up intimate conversations about the way people see themselves, their aspirations and hopes. Sometimes through hearing other people’s stories I have found mine. I realised while researching family violence that I too had suffered economic abuse. For me too economic abuse was ‘hidden in plain sight’. One of the most meaningful things for me is to help women and men overcome family violence and empower themselves to live with freedom.
Nicola Sharp-Jeff’s book makes a great contribution by linking research on economic abuse to policy and practice.
She has been able to use her research to set up an important organisation, Surviving Economic Abuse, to help raise awareness of economic abuse, influence law and policy and work with industry and government to address and prevent family violence.
I recognise the book’s value because I know how difficult it is to draw on research to suggest ways forward for policymakers and industry. This is a necessary step for all researchers if they want to prevent family violence and empower women.
Despite being recognised by victim-survivors as a tactic used by abusers, economic abuse has received little attention in research, policy, or practice. Written by an internationally recognised expert on economic abuse, this powerful book provides a crucial validation of the lived experience of victim-survivors, and highlights the urgent need to develop effective responses to the issue.
Breaking fresh ground, Understanding and Responding to Economic Abuse exposes the many ways in which abusers seek to control their intimate partners through economic resources and reinforces the importance of holding abusers accountable for their behaviour. Whilst the focus of this book is on…
The Bridge provides a compassionate and well researched window into the worlds of linear and circular thinking. A core pattern to the inner workings of these two thinking styles is revealed, and most importantly, insight into how to cross the distance between them. Some fascinating features emerged such as, circular…
I’m a Swiss researcher and university professor who applies mathematics and psychology to build quantitative models for financial decision-making. Most of my scientific contributions belong to a field of research called behavioral finance, that is, the study of how psychology affects financial decisions. I love mathematics, and I am fascinated by its ability to describe complex mechanisms, including those that generate human behavior.
From this book, I learned that cognitive errors and human misbehaviours are not necessarily in contradiction to rationality.
It taught me that the generally negative perspective on psychological mechanisms provided by behavioural economics is limited. By contrast, a deeper understanding of what rationality means is needed. This book enriched my own way of analyzing how psychological factors impact daily decisions.
For a long time, economists have assumed that we were cold, self-centred, rational decision makers - so-called Homo economicus; the last few decades have shattered this view. The world we live in and the situations we face are of course rich and complex, revealing puzzling aspects of our behaviour. Optimally Irrational argues that our improved understanding of human behaviour shows that apparent 'biases' are good solutions to practical problems - that many of the 'flaws' identified by behavioural economics are actually adaptive solutions. Page delivers an ambitious overview of the literature in behavioural economics and, through the exposition of these…
