Best Books of the Year

Another year of terrific books on Hayekian themes.  Here are some recommended titles from the last year or so:

  • Antifagile by Nassim Taleb — remarkable account of how to harden systems via simple rules for dealing with complexity.
  • Iron Curtain by Anne Applebaum — a stunning history of totalitarianism in Easter Europe
  • The Clash of Economic Ideas by Lawrence White — the best & most readable history of the context of ideas between Hayek et al versus the statists — Keynes, Galbraith, and other 20th century luminaries.
  • Why Nations Fails by Daron Acemoglu & James Robinson — great story-telling illustrating the importance of sound institutions & the disasters created by extractive institutions.
  • Thinking, Fast and Slow by Daniel Kahneman — Although Kahneman is often as misled by his examples as are his test subjects, grappling with how freshmen deal with choices in the psych lab is a first step toward understanding how choice behavior works.
  • Adapt by Tim Harford — Hayek and Popper emphasized how discovery often takes place via discovery of what doesn’t work, Harford fleshes out the the lesson with entertaining examples from business and government.

(revised & bumped)

2 comments to Best Books of the Year

  • Lio

    One must be really bad at mathematics and Quantitative Finance for daring to promote Nassim Taleb! It is urgent that the Austrians increase their level of knowledge in these matters!

  • Greg Ransom

    Loi, you haven’t put anything substantive on the table having anything to do with Taleb’s new book.

    Please correct this deficiency, or go spam someone else.

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It is one of the most difficult task of monetary theory to determine what monetary changes become necessary to offset changes in the organization of business. — F. A. Hayek

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