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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.

Cover of The Dao of Capital
Mark Spitznagel·2013

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.

Cover of Poor Charlie's Almanack
Charles T. Munger·2005

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.

Cover of Antifragile
Nassim Nicholas Taleb·2012

Antifragile

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

Cover of The Black Swan
Nassim Nicholas Taleb·2007

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.

Cover of The General Theory of Employment, Interest and Money
John Maynard Keynes·1936

The General Theory of Employment, Interest and Money

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

Cover of Thinking, Fast and Slow
Daniel Kahneman·2011

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.

Cover of Capitalism and Freedom
Milton Friedman·1962

Capitalism and Freedom

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

Cover of Human Action
Ludwig von Mises·1949

Human Action

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

Cover of The Road to Serfdom
Friedrich Hayek·1944

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.

Cover of The Wealth of Nations
Adam Smith·1776

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.