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Economics

Economic thought is surprisingly old, and the oldest economic ideas are surprisingly relevant. Adam Smith's The Wealth of Nations (1776) and Mises's Human Action remain more insightful about the nature of markets than most modern economics papers. The books in this collection deal with fundamental economic questions — how societies create and distribute wealth, what the role of government is, how prices communicate information — in ways that have been tested by time and found sound.

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The Theory of the Leisure Class

Veblen's analysis of status, waste, and social signalling in affluent societies. The book introduced concepts such as conspicuous consumption and treated economic behaviour as inseparable from prestige, rivalry, and display.

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Security Analysis

The foundational text of value investing and fundamental securities analysis. Graham and Dodd lay out a disciplined method for evaluating stocks and bonds through balance sheets, earnings power, asset values, and the margin of safety principle.

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The Intelligent Investor

Benjamin Graham's classic statement of value investing, focused on intrinsic value, margin of safety, and the discipline required to resist market emotion. Still the foundational text for anyone trying to think clearly about long-term investing.

The Dao of Capital by Mark Spitznagel — book cover

The Dao of Capital

Spitznagel's synthesis of Austrian economics, Taoist philosophy, and investing strategy. Argues for the "roundabout" — taking an indirect path to outsized long-term gains by prioritising intermediate positions over immediate profit.

Poor Charlie's Almanack by Charles T. Munger — book cover

Poor Charlie's Almanack

The collected wisdom of Charlie Munger — Warren Buffett's long-time partner at Berkshire Hathaway. A masterclass in mental models, multidisciplinary thinking, and rational decision-making from one of the greatest investors and thinkers of the 20th century.

Antifragile by Nassim Nicholas Taleb — book cover

Antifragile

Taleb's framework for things that gain from disorder and volatility. Introduces the concept of antifragility as the opposite of fragility.

The Black Swan by Nassim Nicholas Taleb — book cover

The Black Swan

Taleb's analysis of rare, high-impact events and our tendency to explain them after the fact. A fundamental challenge to how we think about risk and prediction.

The General Theory of Employment, Interest and Money by John Maynard Keynes — book cover

The General Theory of Employment, Interest and Money

The founding text of macroeconomics, arguing for government intervention to manage economic cycles.

Thinking, Fast and Slow by Daniel Kahneman — book cover

Thinking, Fast and Slow

Kahneman's summary of a lifetime of research on the two systems of human cognition and their implications for judgment and decision-making.

Capitalism and Freedom by Milton Friedman — book cover

Capitalism and Freedom

Friedman's argument for economic freedom as the foundation of political freedom. Introduced the negative income tax and school vouchers.

Human Action by Ludwig von Mises — book cover

Human Action

Mises' comprehensive treatise on economics from the Austrian School perspective. The most rigorous systematic exposition of free-market economic theory.

The Road to Serfdom by Friedrich Hayek — book cover

The Road to Serfdom

Hayek's warning that central economic planning inevitably leads to political tyranny. Written during WWII, it became the intellectual foundation of free-market conservatism.

The Wealth of Nations by Adam Smith — book cover

The Wealth of Nations

The founding text of modern economics, arguing for free markets, the division of labour, and the invisible hand.

Frequently Asked

Where should I start with economics?

The Wealth of Nations by Adam Smith is the natural starting point — it is the founding document of modern economics and far more readable than its reputation suggests.

Is classical economics still relevant today?

The fundamental principles described in classical economics — incentives, trade-offs, supply and demand, the role of institutions — are as relevant today as when they were written. The mechanisms change; the underlying human nature does not.

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