Koncocoo

Best Development & Growth Economics

Capital in the Twenty-First Century
“It seems safe to say that Capital in the Twenty-First Century , the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year―and maybe of the decade.”. ―Paul Krugman, New York Times. It seems safe to say that Capital in the Twenty-First Century , the magnum opus of the French economist Thomas Piketty , will be the most important economics book of the year―and maybe of the decade. Like [Paul] Kennedy a generation ago, Piketty has emerged as a rock star of the policy-intellectual world… But make no mistake, his work richly deserves all the attention it is receiving… Piketty, in collaboration with others, has spent more than a decade mining huge quantities of data spanning centuries and many countries to document, absolutely conclusively, that the share of income and wealth going to those at the very top―the top 1 percent, .1 percent, and .01 percent of the population―has risen sharply over the last generation, marking a return to a pattern that prevailed before World War I… Even if none of Piketty’s theories stands up, the establishment of this fact has transformed political discourse and is a Nobel Prize–worthy contribution. Whether or not his idea ultimately proves out, Piketty makes a major contribution by putting forth a theory of natural economic evolution under capitalism… Piketty writes in the epic philosophical mode of Keynes, Marx, or Adam Smith… By focusing attention on what has happened to a fortunate few among us, and by opening up for debate issues around the long-run functioning of our market system, Capital in the Twenty-First Century has made a profoundly important contribution. But beyond its remarkably rich and instructive history, the book’s deep and novel understanding of inequality in the economy has drawn well-deserved attention… [Piketty’s] engagement with the rest of the social sciences also distinguishes him from most economists… The book is filled with brilliant moments… The book is an attempt to ground the debate over inequality in strong empirical data, put the question of distribution back into economics, and open the debate not just to the entirety of the social sciences but to people themselves. What makes Thomas Piketty ’s Capital in the Twenty-First Century such a triumph is that it seems to have been written specifically to demolish the great economic shibboleths of our time… Piketty’s magnum opus. Thomas Piketty ’s Capital in the Twenty-First Century is a monumental book that will influence economic analysis (and perhaps policymaking) in the years to come. In the way it is written and the importance of the questions it asks, it is a book the classic authors of economics could have written if they lived today and had access to the vast empirical material Piketty and his colleagues collected… In a short review, it is impossible to do even partial justice to the wealth of information, data, analysis, and discussion contained in this book of almost 700 pages.
Reviews
"Important book, even if long and complex."
"Good info comparing the US to Europe on upward mobility and politics as the primary cause of our inequality."
"Good book but the same could have been said in half the words."
"He is not preachy at all, not alarmist, not doom and gloom and angry like Marx and not delusional like Hayek and much of the Chicago school and all the "free market" positivists."
"I have not had a chance to review the references, but I have read elsewhere that the research on the data in this book is rigorous."
"An incredibly long listen."
"Piketty addresses the recent, volatile concern over inequality with a comprehensive analysis of the history of economic inequality and explains our present situation ."
"Ele levanta a questão central da economia sem cair em ideologismos fáceis se atendo a economia mainstream, usando todas as ferramentas econômicas possíveis, com maestria, clareza, sem que em momento algum tenha se cegado quanto a obrigação de todo cientista de continuar a questionar e a duvidar, sem dogmatismos, mas com uma perspicácia e perseverança incríveis."
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Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant
Recognized as one of the most iconic and impactful strategy books ever written, Blue Ocean Strategy , now updated with fresh content from the authors, argues that cutthroat competition results in nothing but a bloody red ocean of rivals fighting over a shrinking profit pool. Blue Ocean Strategy presents a systematic approach to making the competition irrelevant and outlines principles and tools any organization can use to create and capture their own blue oceans. W. Chan Kim and Renée Mauborgne are Professors of Strategy at INSEAD and Codirectors of the INSEAD Blue Ocean Strategy Institute.
Reviews
"This book defines a way of thinking about business strategy."
"Bought this for my girlfriend and she has gotten so much useful information from this book."
"Love the approach and have applied them quite often."
"This book offers ground-breaking on innovative thinking that has both business and technological aspects."
"Anyone interested in strategy articulation is, no doubt, steeped in the traditional approaches to strategy development."
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Capital in the Twenty First Century
The main driver of inequality―the tendency of returns on capital to exceed the rate of economic growth―today threatens to generate extreme inequalities that stir discontent and undermine democratic values. A work of extraordinary ambition, originality, and rigor, Capital in the Twenty-First Century reorients our understanding of economic history and confronts us with sobering lessons for today. It seems safe to say that Capital in the Twenty-First Century , the magnum opus of the French economist Thomas Piketty , will be the most important economics book of the year―and maybe of the decade. Like [Paul] Kennedy a generation ago, Piketty has emerged as a rock star of the policy-intellectual world… But make no mistake, his work richly deserves all the attention it is receiving… Piketty, in collaboration with others, has spent more than a decade mining huge quantities of data spanning centuries and many countries to document, absolutely conclusively, that the share of income and wealth going to those at the very top―the top 1 percent, .1 percent, and .01 percent of the population―has risen sharply over the last generation, marking a return to a pattern that prevailed before World War I… Even if none of Piketty’s theories stands up, the establishment of this fact has transformed political discourse and is a Nobel Prize–worthy contribution. Whether or not his idea ultimately proves out, Piketty makes a major contribution by putting forth a theory of natural economic evolution under capitalism… Piketty writes in the epic philosophical mode of Keynes, Marx, or Adam Smith… By focusing attention on what has happened to a fortunate few among us, and by opening up for debate issues around the long-run functioning of our market system, Capital in the Twenty-First Century has made a profoundly important contribution. But beyond its remarkably rich and instructive history, the book’s deep and novel understanding of inequality in the economy has drawn well-deserved attention… [Piketty’s] engagement with the rest of the social sciences also distinguishes him from most economists… The book is filled with brilliant moments… The book is an attempt to ground the debate over inequality in strong empirical data, put the question of distribution back into economics, and open the debate not just to the entirety of the social sciences but to people themselves. What makes Thomas Piketty ’s Capital in the Twenty-First Century such a triumph is that it seems to have been written specifically to demolish the great economic shibboleths of our time… Piketty’s magnum opus. Thomas Piketty ’s Capital in the Twenty-First Century is a monumental book that will influence economic analysis (and perhaps policymaking) in the years to come. In the way it is written and the importance of the questions it asks, it is a book the classic authors of economics could have written if they lived today and had access to the vast empirical material Piketty and his colleagues collected… In a short review, it is impossible to do even partial justice to the wealth of information, data, analysis, and discussion contained in this book of almost 700 pages.
Reviews
"Important book, even if long and complex."
"Good info comparing the US to Europe on upward mobility and politics as the primary cause of our inequality."
"Good book but the same could have been said in half the words."
"He is not preachy at all, not alarmist, not doom and gloom and angry like Marx and not delusional like Hayek and much of the Chicago school and all the "free market" positivists."
"I have not had a chance to review the references, but I have read elsewhere that the research on the data in this book is rigorous."
"An incredibly long listen."
"Piketty addresses the recent, volatile concern over inequality with a comprehensive analysis of the history of economic inequality and explains our present situation ."
"Ele levanta a questão central da economia sem cair em ideologismos fáceis se atendo a economia mainstream, usando todas as ferramentas econômicas possíveis, com maestria, clareza, sem que em momento algum tenha se cegado quanto a obrigação de todo cientista de continuar a questionar e a duvidar, sem dogmatismos, mas com uma perspicácia e perseverança incríveis."
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Best Economic Policy & Development

Zero to One: Notes on Startups, or How to Build the Future
In Zero to One , legendary entrepreneur and investor Peter Thiel shows how we can find singular ways to create those new things. Thiel begins with the contrarian premise that we live in an age of technological stagnation, even if we’re too distracted by shiny mobile devices to notice. Zero to One presents at once an optimistic view of the future of progress in America and a new way of thinking about innovation: it starts by learning to ask the questions that lead you to find value in unexpected places. What Thiel is after is the revitalization of imagination and invention writ large…" – The New Republic "Might be the best business book I've read...Barely 200 pages long and well lit by clear prose and pithy aphorisms, Thiel has written a perfectly tweetable treatise and a relentlessly thought-provoking handbook." This is a classic.” - Nassim Nicholas Taleb, author of Fooled by Randomness and The Black Swan “Thiel has drawn upon his wide-ranging and idiosyncratic readings in philosophy, history, economics, anthropology, and culture to become perhaps America’s leading public intellectual today” - Fortune "Peter Thiel, in addition to being an accomplished entrepreneur and investor, is also one of the leading public intellectuals of our time. "The first and last business book anyone needs to read; a one in a world of zeroes."
Reviews
"For example "we never invest in entrepreneurs who turn up for the interview in a suit" or "four of the founders of PayPal had built bombs as children." Memo to Peter Thiel: you are successful despite your prejudice against people who don't share your sartorial taste, and your partners made it to adulthood despite having been poorly supervised as children. He was not beaten by a better provider of software, he was superseded by a shift in technology toward powerful mobile devices, tablets and the cloud, all of which, in turn, were motivated by other entrepreneurs' desire to obtain monopoly profits. So Steve Jobs dominated many of these arenas for long enough to enjoy monopoly profits and other people will some day take this all further. Even the government is in on the act, Peter Thiel claims, or else it would not be granting patents to inventors or freedom from competition from generic drugs to the pharmaceutical companies that first develop new medications. My mom taught me that "necessity is the mother of invention:" GM did not develop the Volt till it was up against the wall, Archimedes discovered how to screw water upwards during the Roman siege of Syracuse, the Germans developed jet propulsion, the swept wing and the rocket we later sent to the moon when they had pretty much already lost WWII. And then we have the cases where, as the author says, it's clear that you need to incentivize people to innovate (drugs spring to mind, where the US has a lead) and that's where patents come in. And it was crystal clear to everybody with a modicum of common sense that both Intel and Microsoft were not helping the world along when they used dirty tricks to hurt AMD and Netscape. The author takes us on a (rather gratuitous) trip from Plato and Aristotle to Nozick and Rawls via Epicurus, Lucretius, Hegel and Marx to discuss when optimism is and isn't warranted and the bottom line is that you're only allowed to be an optimist if you have "definite optimism" based on a specific Design (my capital D) for a business. Peter Thiel takes a massive swipe at the Malcolm Gladwells of the world who overemphasize chance, serendipity and fate with facile arguments about the similarity in Steve Jobs' and Bill Gates' birthdates. It's the Nassim Nicholas Taleb idea, and he duly appears on the back cover to endorse the book. For the best book on the subject I'd swerve around NNT's work and turn to Benoit Mandelbrot's masterpiece, "The (Mis)behaviour of Markets." The fourth idea is no more original, but Thiel puts it well: "there are many more secrets left to find, but they will yield only to relentless searchers." The fifth idea is you need to pick your partners i.e. your investors, your fellow managers and your (ideally 3) directors very carefully in order to make sure you all want the same thing out of the company (and it had better not be immediate rewards). But once they have their first billion and don't need to run their ideas by anyone else to get them funded they very often go do something stupid (dunno, like go mine asteroids) with exactly the same fervour they previously applied to the sensible endeavour that made them rich. The more grounded ones keep their further investments close to home and direct their creativity toward giving lectures and writing books."
"Along with business strategy, Thiel outlines how successful innovation shapes society and shares an intriguing vision. Rather than offer scripts or formulas, Thiel discusses the logic of starting a company that will make a truly meaningful and unique impact on the world. Blake did a great job of adapting and presenting the contents, many of which were delivered when Thiel taught at Stanford. Keeping in mind that companies growing 1000x often carry entire portfolios, Peter gives a good argument for successful moonshots and grand visions. He also highlights the dangers of trying to disrupt entrenched competitors and avoid extra resistance and burn rates on marketing. Rather, Tesla began by making powertrains, then started with high end luxury models to which no solid alternative existed. His strong argument for monopolies are both for novelty and to develop early market dominance should competitors arise later. I found a Monopoly Index by Forbes that showed these types of companies outperforming the Dow and S&P by 33%, which was a pleasant result of some due diligence. Even if you make a product that’s a 3x improvement over a market leader, you aren’t creating anything truly new, and well funded competitors are likely to catch up. It looks at economics, globalization, artificial intelligence, and historical trends along with founder characteristics and the qualities of great salespeople. If you like diving really deep into the mind of a founder across many life experiences, check out Tony Hseih’s Delivering Happiness."
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Best Theory of Economics

Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
But Steven D. Levitt is not a typical economist. “Principles of economics are used to examine daily life in this fun read.” (People: Great Reads). “Levitt dissects complex real-world phenomena, e.g. baby-naming patterns and Sumo wrestling, with an economist’s laser.” (San Diego Union-Tribune). This is bracing fun of the highest order.” (Kurt Andersen, host of public radio's Studio 360 and author of Turn of the Century). “Freakonomics challenges conventional wisdom and makes for fun reading.” (Book Sense Picks and Notables). “Economics is not widely considered to be one of the sexier sciences.... Steven D. Levitt will change some minds.” (Amazon.com).
Reviews
"Indeed, the most common reaction I get from people when telling them that I am an economist is that they have read Freakonomics, which implies that they have at least seen some work similar to what I do at aguanomics. All I remember was a lot of math and curves.” This depressing outcome results from lecturers who merely reproduce problems and equations on the blackboard, without helping students understand either why those theories are used or how they came to be so popular with economists. Third, there are books like mine [pdf] that try to explain how to improve failing policies using basic economic insights and incentives. This book with a memorable (but useless) name provides readers with just-so stories that are good for cocktail conversations but not for understanding economics. What struck me is their ongoing attempts to hold onto at least some elements in the original claim in later blog posts in what I’d call a “my-ladydoth-protest-too-much” manner. Looking over their other chapters (on cheating sumo wrestlers, drug dealers who live with their moms, the KKK as a multilevel marketing organization, etc. ), I agree that the chapters are interesting and thought provoking, but they do not provide “lessons on the hidden side of everything.” Instead, they read like a series of magazine articles whose quirky “insights” might contribute to your next cocktail conversation. [7] I didn’t detect any reliable technique (except perhaps to collect a neat dataset and call Steve Levitt), and that’s where I was disappointed. In this case, street dealers are (a) NOT condemned to death, (b) not able to find other work with their experience, and (c) not aware of their statistical mortality as much as their potential wealth. Dubner and Levitt present interesting puzzles worthy of cocktail conversation, but they overstate their contributions and accuracy (“numbers don’t lie” but theory can be incomplete or just wrong). He's a fine person and excellent economist, but this book is too “pop” in its oversimplification of his work and hagiographic treatment of his insights. Yes, he brings interesting statistical tools to“freaky” questions, but he’s not a “rogue economist exploring the hidden side of everything.” He’s just a guy with a dataset and empirical theory who finds some strong correlations. (8) My years of experience traveling in 100+ countries leads me to respect the diversity of beliefs and institutions that result in a variety of outcomes. As another example, take Dubner on page 199, who writes “that paper [on police officer counts and crime] was later disputed… a gradate student found an obvious mathematical mistake in it — but Levitt’s ingenuity was obvious.” I’m not sure I’d say the same about someone whose claims rested on logic with “obvious mathematical mistakes”!"
"I enjoyed the many hidden causal connections that no one without the proper research could ever have put together."
"This book is absolutely brilliant."
"You may or may not agree with everything in here, but that is not the point."
"I thought this book was both thought provoking and interesting."
"Really a great book."
"Here's my verdict: if you want a fun, engaging read, and have a lot of time, don't read non-fiction a lot, etc., this would be a lot of fun."
"Only gripe I have with this particular edition (really of no fault to the book or its authors) is that I thought it was much longer (311 pages) than the actual book (192 pages) is."
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Best Urban & Regional Economics

PowerNomics : The National Plan to Empower Black America
In PowerNomics: The National Plan , Dr. Anderson proposes new principles, strategies and concepts that show blacks a new way to see, think, and behave in race matters. In this book, Dr. Anderson offers insightful analysis and action steps blacks can take to redesign core areas of life - Education, Economics, Politics and Religion - to better benefit their race. PowerNomics: The Plan , is infused with Dr. Anderson's trademark creative thinking and answers questions such as: - Why are blacks the only group that equates success with working in a White corporation, government or the entertainment industry? - How did power and wealth - businesses, resources, privileges, income and control of all levels of government get so disproportionately distributed into the hands of White society? To implement the strategy of industrializing Black communities, he has established a vertically integrated seafood industry that is currently operating and will expand into urban areas across the nation. In addition to his most recent seafood project, he owns a vertically integrated publishing company and was one of the first blacks to own a radio station in Florida.
Reviews
"Why aren't black educators teaching the truth about how slavery drove the industrial revolution and the debt America refuses to acknowledge it still owes its black citizens. Before this book, I had little idea of how responsible (culpable really) government was for the present and past plight of black people. And I never considered that black people have a good reason (damn good reason) to be prejudiced against white people, for example, the hispanics taking over black music and trying to replace blacks as the majority minority; how many times have blacks been pushed to the bottom of the ladder? I have to admit that reading the book made me not want to be black."
"AFFIRMATIVE ACTION WAS CREATED FOR BLACKS TO GET QUALITY POSITIONS IN THE WORKFORCE, BUT APPARENTLY PEOPLE HAVE TAKEN THAT OUT OF CONTEXT AS WELL AS THE 14TH AMENDMENT. People have won lawsuits for claiming to be African-American and true Black folks are being handed the short end of the stick because we don't control Public Policy. THIS BOOK ALOUD MANY BLACKS TO GO OVERSEAS TO EUROPE TO CLAIM REPARATIONS A COUPLE OF DECADES AGO."
"Outstanding information this is an absolute book that must be read."
"The book I purchased Powernomics was delivered on time in good condition, great experience from heritage books and more."
"Great plan just the implementation is needed."
"Dr. Claud Anderson is one of the giants."
"Most informative book Ive ever read!"
"He also brings to light the sad fact of how this society is FIGHTING to marginalize and minimalize Blacks as much as possible, to keep us the better 'ignorant, docile consumer'. Moreover, how other minorities (Asians, Indians, and Arabs) seek economic opportunities in Black neighborhoods, often leaving a large 'vacumming sound' in their wake having exploited Blacks for the money that we do have."
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Best International Economics

The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek, Volume 2)
A perennial best seller, the book has sold 400,000 copies in the United States alone and has been translated into more than twenty languages, along the way becoming one of the most important and influential books of the century. Supplemented with an appendix of related materials ranging from prepublication reports on the initial manuscript to forewords to earlier editions by John Chamberlain, Milton Friedman, and Hayek himself, this new edition of The Road to Serfdom will be the definitive version of Hayek's enduring masterwork. F. A. Hayek (1899–1992), recipient of the Presidential Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century.
Reviews
"Like many young, intelligent, concerned people, Hayek started his adult life as a democratic socialist, the trendy thing for young people then and now. Keynes won these debates in the short run and held sway over mid-century world economic policy, but lost to history with the supply-side revolution of Freedman, Reagan and Thatcher who all acknowledged their great debt to Fredrick Hayek. This book is not Hayek’s crowning achievement in academic economics (for that work he won a Nobel Prize) nevertheless, it is his most famous and influential work. All of these politicians believed they could organize the world into a scientifically created Eden sans deity through extensive economic planning by a central governing authority vested in academic experts. This authority would have the power to distribute goods and services in such a way that people would be freed from want and from mundane economic decisions. So the Road to Serfdom is analysis of this intense human desire to organize the world around us through planning in order to achieve some always ill-defined optimum for all. That the complex system of interrelated activities, if it is to be consciously directed at all, must be directed by a single staff of experts, and that ultimate responsibility and power must rest in the hands of a commander-in-chief whose actions must not be fettered by democratic procedure .........[planners believe that] by giving up freedom in what are, or ought to be, the less important aspects of our lives, we shall obtain greater freedom in the pursuit of higher values.”. But by giving up economic control do we attain that greater freedom? For a planned society to work, people eventually must surrender complete control of their lives, even their leisure, to the planners for the sake of the whole. He argues for consistency and democracy where the playing field is level for everyone and we are all free economic entities making our own economic decisions based on our own desires, our own resources and our own conscience. Unfortunately, over 70 years after its completion, Hayek’s description of planners and his warning about their cynical attitude toward personal competence and responsibility can be seen hard at work within our own supposedly free democratic government. William F. Buckley Jr. said it best, following Hayek, “I am obliged to confess I should sooner live in a society governed by the first two thousand names in the Boston telephone directory than in a society governed by the two thousand faculty members of Harvard University.” Or MIT. After the implosion of the former Soviet mega-dictatorship, numerous influential people threw off that yoke and immerged from the economic morass of Socialism to lead the Eastern bloc back toward prosperity on the model of the modern Western democracies and Capitalism based on knowledge they had gained from smuggled copies of this book and those of Hayek’s successor, Milton Friedman. Hayek showed these oppressed people as he has shown the ages that to allow people who strive through Plato’s supreme creation of societal hubris to plan and design and control our society for our own good is “The Road to Serfdom.”."
"More people should read this because there's way too much economic coming from the media."
"A fantastic book!"
"Very good book."
"very cheap price and very interesting information."
"I know understand why invoking Hayek brings scorn from the progressive Left."
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Best Economic Policy

Zero to One: Notes on Startups, or How to Build the Future
In Zero to One , legendary entrepreneur and investor Peter Thiel shows how we can find singular ways to create those new things. Thiel begins with the contrarian premise that we live in an age of technological stagnation, even if we’re too distracted by shiny mobile devices to notice. Zero to One presents at once an optimistic view of the future of progress in America and a new way of thinking about innovation: it starts by learning to ask the questions that lead you to find value in unexpected places. What Thiel is after is the revitalization of imagination and invention writ large…" – The New Republic "Might be the best business book I've read...Barely 200 pages long and well lit by clear prose and pithy aphorisms, Thiel has written a perfectly tweetable treatise and a relentlessly thought-provoking handbook." This is a classic.” - Nassim Nicholas Taleb, author of Fooled by Randomness and The Black Swan “Thiel has drawn upon his wide-ranging and idiosyncratic readings in philosophy, history, economics, anthropology, and culture to become perhaps America’s leading public intellectual today” - Fortune "Peter Thiel, in addition to being an accomplished entrepreneur and investor, is also one of the leading public intellectuals of our time. "The first and last business book anyone needs to read; a one in a world of zeroes."
Reviews
"For example "we never invest in entrepreneurs who turn up for the interview in a suit" or "four of the founders of PayPal had built bombs as children." Memo to Peter Thiel: you are successful despite your prejudice against people who don't share your sartorial taste, and your partners made it to adulthood despite having been poorly supervised as children. He was not beaten by a better provider of software, he was superseded by a shift in technology toward powerful mobile devices, tablets and the cloud, all of which, in turn, were motivated by other entrepreneurs' desire to obtain monopoly profits. So Steve Jobs dominated many of these arenas for long enough to enjoy monopoly profits and other people will some day take this all further. Even the government is in on the act, Peter Thiel claims, or else it would not be granting patents to inventors or freedom from competition from generic drugs to the pharmaceutical companies that first develop new medications. My mom taught me that "necessity is the mother of invention:" GM did not develop the Volt till it was up against the wall, Archimedes discovered how to screw water upwards during the Roman siege of Syracuse, the Germans developed jet propulsion, the swept wing and the rocket we later sent to the moon when they had pretty much already lost WWII. And then we have the cases where, as the author says, it's clear that you need to incentivize people to innovate (drugs spring to mind, where the US has a lead) and that's where patents come in. And it was crystal clear to everybody with a modicum of common sense that both Intel and Microsoft were not helping the world along when they used dirty tricks to hurt AMD and Netscape. The author takes us on a (rather gratuitous) trip from Plato and Aristotle to Nozick and Rawls via Epicurus, Lucretius, Hegel and Marx to discuss when optimism is and isn't warranted and the bottom line is that you're only allowed to be an optimist if you have "definite optimism" based on a specific Design (my capital D) for a business. Peter Thiel takes a massive swipe at the Malcolm Gladwells of the world who overemphasize chance, serendipity and fate with facile arguments about the similarity in Steve Jobs' and Bill Gates' birthdates. It's the Nassim Nicholas Taleb idea, and he duly appears on the back cover to endorse the book. For the best book on the subject I'd swerve around NNT's work and turn to Benoit Mandelbrot's masterpiece, "The (Mis)behaviour of Markets." The fourth idea is no more original, but Thiel puts it well: "there are many more secrets left to find, but they will yield only to relentless searchers." The fifth idea is you need to pick your partners i.e. your investors, your fellow managers and your (ideally 3) directors very carefully in order to make sure you all want the same thing out of the company (and it had better not be immediate rewards). But once they have their first billion and don't need to run their ideas by anyone else to get them funded they very often go do something stupid (dunno, like go mine asteroids) with exactly the same fervour they previously applied to the sensible endeavour that made them rich. The more grounded ones keep their further investments close to home and direct their creativity toward giving lectures and writing books."
"Along with business strategy, Thiel outlines how successful innovation shapes society and shares an intriguing vision. Rather than offer scripts or formulas, Thiel discusses the logic of starting a company that will make a truly meaningful and unique impact on the world. Blake did a great job of adapting and presenting the contents, many of which were delivered when Thiel taught at Stanford. Keeping in mind that companies growing 1000x often carry entire portfolios, Peter gives a good argument for successful moonshots and grand visions. He also highlights the dangers of trying to disrupt entrenched competitors and avoid extra resistance and burn rates on marketing. Rather, Tesla began by making powertrains, then started with high end luxury models to which no solid alternative existed. His strong argument for monopolies are both for novelty and to develop early market dominance should competitors arise later. I found a Monopoly Index by Forbes that showed these types of companies outperforming the Dow and S&P by 33%, which was a pleasant result of some due diligence. Even if you make a product that’s a 3x improvement over a market leader, you aren’t creating anything truly new, and well funded competitors are likely to catch up. It looks at economics, globalization, artificial intelligence, and historical trends along with founder characteristics and the qualities of great salespeople. If you like diving really deep into the mind of a founder across many life experiences, check out Tony Hseih’s Delivering Happiness."
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Best Industrial Management & Leadership

Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant
Recognized as one of the most iconic and impactful strategy books ever written, Blue Ocean Strategy , now updated with fresh content from the authors, argues that cutthroat competition results in nothing but a bloody red ocean of rivals fighting over a shrinking profit pool. Blue Ocean Strategy presents a systematic approach to making the competition irrelevant and outlines principles and tools any organization can use to create and capture their own blue oceans. W. Chan Kim and Renée Mauborgne are Professors of Strategy at INSEAD and Codirectors of the INSEAD Blue Ocean Strategy Institute.
Reviews
"This book defines a way of thinking about business strategy."
"Best business book I've ever read!"
"this is the very best business book i have ever read."
"Bought this for my girlfriend and she has gotten so much useful information from this book."
"Excellent book, perfect advisor to understand how to rebuild and transform your business into a more competitive entity."
"Love the approach and have applied them quite often."
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Best Legal Theory & Systems

Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? “For economics and political-science students, surely, but also for the general reader who will appreciate how gracefully the authors wear their erudition.” — Kirkus Reviews “Provocative stuff; backed by lots of brain power.” — Library Journal “This is an intellectually rich book that develops an important thesis with verve. large and ambitious new book.” — The Daily “ Why Nations Fail is a splendid piece of scholarship and a showcase of economic rigor.” —The Wall Street Journal "Ranging from imperial Rome to modern Botswana, this book will change the way people think about the wealth and poverty of nations...as ambitious as Jared Diamond's Guns, Germs, and Steel ." A wonderfully readable mix of history, political science, and economics, this book will change the way we think about economic development. "Some time ago a little-known Scottish philosopher wrote a book on what makes nations succeed and what makes them fail. The Wealth of Nations is still being read today. “This fascinating and readable book centers on the complex joint evolution of political and economic institutions, in good directions and bad. Acemoglu and Robinson provide an enormous range of historical examples to show how such shifts can tilt toward favorable institutions, progressive innovation and economic success or toward repressive institutions and eventual decay or stagnation. Written with a deep knowledge of economics and political history, this is perhaps the most powerful statement made to date that ‘institutions matter.’ A provocative, instructive, yet thoroughly enthralling book.” —Joel Mokyr, Robert H. Strotz Professor of Arts and Sciences and Professor of Economics and History, Northwestern University. “This important and insightful book, packed with historical examples, makes the case that inclusive political institutions in support of inclusive economic institutions is key to sustained prosperity. This is important analysis not to be missed.” —Peter Diamond, Nobel Laureate in Economics “Acemoglu and Robinson have made an important contribution to the debate as to why similar-looking nations differ so greatly in their economic and political development. The openness of a society, its willingness to permit creative destruction, and the rule of appear to be decisive for economic development.” —Kenneth Arrow, Professor Emeritus, Stanford University, Nobel Laureate in Economics, 1972 “Acemoglu and Robinson—two of the world's leading experts on development—reveal why it is not geography, disease, or culture which explains why some nations are rich and some poor, but rather a matter of institutions and politics. “Some time ago a little known Scottish philosopher wrote a book on what makes nations succeed and what makes them fail. The Wealth of Nations is still being read today. Two centuries from now our great-great-…-great grandchildren will be, similarly, reading Why Nations Fail .” —George Akerlof, Nobel Laureate in Economics, 2001 “In this stunningly wide ranging book Acemoglu and Robinson ask a simple but vital question, why do some nations become rich and others remain poor? This book is a must read at a moment where governments right across the western world must come up with the political will to deal with a debt crisis of unusual proportions.” —Steve Pincus, Bradford Durfee Professor of History and International and Area Studies, Yale University “The authors convincingly show that countries escape poverty only when they have appropriate economic institutions, especially private property and competition. More originally, they argue countries are more likely to develop the right institutions when they have an open pluralistic political system with competition for political office, a widespread electorate, and openness to new political leaders. This intimate connection between political and economic institutions is the heart of their major contribution, and has resulted in a study of great vitality on one of the crucial questions in economics and political economy.” — Gary S. Becker, Nobel Laureate in Economics, 1992 “This not only a fascinating and interesting book: it is a really important one. The highly original research that Professors Acemoglu and Robinson have done, and continue to do, on how economic forces, politics and policy choices evolve together and constrain each other, and how institutions affect that evolution, is essential to understanding the successes and failures of societies and nations.
Reviews
"They commence, like medical researchers do when they hope to minimize the number of variables, by examining “twins.” In the author’s case the “twins” are the cities of Nogales, immediately adjacent, in Arizona, and in Sonora. His outlook was rigid: if he was “sharing” the profits with the workers, he was a loser, and the thought that he might have a slightly smaller percentage of a much bigger pie never entered his mind. I also found the authors description of how Venice turned into a “museum” to be one of their most concrete examples, in terms of identifying the steps taken by the elites to protect their interests, and eliminate the “profit sharing” with the masses. But the authors seem to have taken this concept to the extreme, juxtaposing wildly disparate situations, and providing no “connective tissue.” For example, chapter 6 contained 10th-12th Century Venice, the Roman Empire, and Axum, in Ethiopia, without any meaningful comparisons. Thus, we are treated to a catalog of Napoleon’s military successes, the number of tons of gunpowder the British sold between 1750 and 1807, and Roosevelt’s efforts to pack the Supreme Court. There was Kapuscinski’s classic account of the fall of Haile Selassie, The Emperor: Downfall of an Autocrat but I was astonished to find missing Gunnar Myrdal’s equally classic inquiry into the poverty of nations Asian Drama, An Inquiry Into The Poverty OF Nations Volumes I, II and III (Volumes I, II and III)It is a rich book, which covers a vast swath of human history."
"I don’t think that the key argument about the book should be whether it is right or wrong, but rather, is their concept is a useful tool in understanding wealth and poverty? (A slightly sharper question might be, “how good is it as a predictive tool?”) As a non-specialist I must simply accept critical arguments that some of the history is a bit inaccurate, that some of the examples are oversimplifications and that some of their comparisons of countries are a bit skewed one way or another or ignore counter-examples."
"I would also question whether a government that is one party cannot be pluralistic if that one party encompasses many of the rules of what we deem democracy (anyone can join the party, the leaders are chosen by party members not previous leaders. internal scandals can move a group from power within the party, within the party disagreement is allowed on policy, the leader are criticized for enriching themselves at public expense, anti corruption has true support, ...). Those who rant against the 1% elite in america can see things to support and also disagree with on how to cope with this unequal wealth problem."
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Best Strategy & Competition

Scaling Up: How a Few Companies Make It...and Why the Rest Don't (Rockefeller Habits 2.0)
These approaches have been honed from over three decades of advising tens of thousands of CEOs and executives and helping them navigate the increasing complexities (and weight) that come with scaling up a venture. The goal of this book is to help you turn what feels like an anchor into wind at your back -- creating a company where the team is engaged; the customers are doing your marketing; and everyone is making money. Scaling Up shows business leaders how to get their organizations moving in sync to create something significant and enjoy the ride. “Verne’s tools and techniques have been key to scaling up Benetton to become the #1 international fashion brand in India. Scaling Up is that business book. Verne’s tools and techniques have been critical to helping us drive and manage this growth during my 20 years as CEO ― and ultimately to freeing me up as the founder to pursue other interests.” -- Scott Tannas, founder and Vice Chairman, Western Financial Group; senator, Canadian Parliament. “Scaling up a significant business requires precisely the kind of discipline and focus detailed in Verne’s practical and ‘how-to’ driven book.” -- Scott Farquhar, co-founder and CEO, Atlassian. “Verne Harnish’s Scaling Up is one of the finest business books you'll ever read. Whether you're an entrepreneur who wants to scale up, a CEO who wants to take his business to the next level, or a non-profit executive who wants to leave a legacy, this book will be life-changing.” -- Tan Yinglan, Author of Way of the VC – Top Venture Capitalists on Your Board, Chinnovation – How Chinese Innovators are Changing the World and New Venture Creation - Entrepreneurship For The 21st Century - An Asian Perspective.
Reviews
"This book was great for our organization."
"Verne's insight is superb, fresh view, clear direction, a lot of new books, you are in good hands!"
"Most businesses in the world turnover less than $1 million and if you want to make it to the 4% this book has solid advice from an experienced entrepreneur on how to become part of the 4%."
"I have read a lot of business books, literally thousands, and I would put this book in my top 10 for sure."
"Excelente teory, dificult to achieve in practice."
"Great book."
"A good book for start ups in both business and other organizations."
"Book is to the point, full of tools to use and real business examples to follow."
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Best Business Encyclopedias

The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek, Volume 2)
A perennial best seller, the book has sold 400,000 copies in the United States alone and has been translated into more than twenty languages, along the way becoming one of the most important and influential books of the century. Supplemented with an appendix of related materials ranging from prepublication reports on the initial manuscript to forewords to earlier editions by John Chamberlain, Milton Friedman, and Hayek himself, this new edition of The Road to Serfdom will be the definitive version of Hayek's enduring masterwork. F. A. Hayek (1899–1992), recipient of the Presidential Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century.
Reviews
"Like many young, intelligent, concerned people, Hayek started his adult life as a democratic socialist, the trendy thing for young people then and now. Keynes won these debates in the short run and held sway over mid-century world economic policy, but lost to history with the supply-side revolution of Freedman, Reagan and Thatcher who all acknowledged their great debt to Fredrick Hayek. This book is not Hayek’s crowning achievement in academic economics (for that work he won a Nobel Prize) nevertheless, it is his most famous and influential work. All of these politicians believed they could organize the world into a scientifically created Eden sans deity through extensive economic planning by a central governing authority vested in academic experts. This authority would have the power to distribute goods and services in such a way that people would be freed from want and from mundane economic decisions. So the Road to Serfdom is analysis of this intense human desire to organize the world around us through planning in order to achieve some always ill-defined optimum for all. That the complex system of interrelated activities, if it is to be consciously directed at all, must be directed by a single staff of experts, and that ultimate responsibility and power must rest in the hands of a commander-in-chief whose actions must not be fettered by democratic procedure .........[planners believe that] by giving up freedom in what are, or ought to be, the less important aspects of our lives, we shall obtain greater freedom in the pursuit of higher values.”. But by giving up economic control do we attain that greater freedom? For a planned society to work, people eventually must surrender complete control of their lives, even their leisure, to the planners for the sake of the whole. He argues for consistency and democracy where the playing field is level for everyone and we are all free economic entities making our own economic decisions based on our own desires, our own resources and our own conscience. Unfortunately, over 70 years after its completion, Hayek’s description of planners and his warning about their cynical attitude toward personal competence and responsibility can be seen hard at work within our own supposedly free democratic government. William F. Buckley Jr. said it best, following Hayek, “I am obliged to confess I should sooner live in a society governed by the first two thousand names in the Boston telephone directory than in a society governed by the two thousand faculty members of Harvard University.” Or MIT. After the implosion of the former Soviet mega-dictatorship, numerous influential people threw off that yoke and immerged from the economic morass of Socialism to lead the Eastern bloc back toward prosperity on the model of the modern Western democracies and Capitalism based on knowledge they had gained from smuggled copies of this book and those of Hayek’s successor, Milton Friedman. Hayek showed these oppressed people as he has shown the ages that to allow people who strive through Plato’s supreme creation of societal hubris to plan and design and control our society for our own good is “The Road to Serfdom.”."
"More people should read this because there's way too much economic coming from the media."
"A fantastic book!"
"Very good book."
"very cheap price and very interesting information."
"I know understand why invoking Hayek brings scorn from the progressive Left."
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Best Hong Kong History

City of Darkness: Life In Kowloon Walled City
Girard and Lambot spent four years exploring the notorious Walled City of Kowloon (Hong Kong), before it's final clearance in 1992.
Reviews
"Fascinating journey into another world."
"really some of the best photos, stories and insight on kowloon walled city demolished almost 20 years ago."
"It truly is sad this city no longer exists."
"Great gift and coffee table conversation piece."
"And the book itself is fascinating, just as described."
"Having lost the small pamphlet on the Kowloon Walled City that I had bought at the Hong Kong art museum many years ago, I did a web search to see if there was anything available to replace it."
"Update - 5 stars: I wrote a review before and gave a 2-star rating because I had a quality issue with this book - the binding on my copy came unglued after looking through it once or twice."
"Here are some snippets from the official website for the new edition, which will be a 356-page hardcover: "The new edition will include extended new sections on the history of the Triads in the City, the City's peculiar legal status, its architecture, and how it is has become part of popular culture.""
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Best Business Planning & Forecasting

The Signal and the Noise: Why So Many Predictions Fail--but Some Don't
One of Wall Street Journal 's. Best Ten Works of Nonfiction in 2012 New York Times Bestseller “Not so different in spirit from the way public intellectuals like John Kenneth Galbraith once shaped discussions of economic policy and public figures like Walter Cronkite helped sway opinion on the Vietnam War…could turn out to be one of the more momentous books of the decade .”. — New York Times Book Review "Nate Silver's The Signal and the Noise is The Soul of a New Machine for the 21st century ." Drawing on his own groundbreaking work, Silver examines the world of prediction, investigating how we can distinguish a true signal from a universe of noisy data. Most predictions fail, often at great cost to society, because most of us have a poor understanding of probability and uncertainty. In keeping with his own aim to seek truth from data, Silver visits the most successful forecasters in a range of areas, from hurricanes to baseball, from the poker table to the stock market, from Capitol Hill to the NBA. With everything from the health of the global economy to our ability to fight terrorism dependent on the quality of our predictions, Nate Silver’s insights are an essential read. Baseball, weather forecasting, earthquake prediction, economics, and polling: In all of these areas, Silver finds predictions gone bad thanks to biases, vested interests, and overconfidence.
Reviews
"Longer review: I'm an applied business researcher and that means my job is to deliver quality forecasts: to make them, persuade people of them, and live by the results they bring. But we're not very good at it, and fall prey to cognitive biases and other systemic problems such as information overload that make things worse. However, we are simultaneously learning more about how such things occur and that knowledge can be used to make predictions better -- and to improve our models in science, politics, business, medicine, and so many other areas. For example, on p. 162: "What happens in systems with noisy data and underdeveloped theory - like earthquake prediction and parts of economic and political science - is a two-step process. Second, this noise pollutes journals, blogs, and news accounts with false alarms, undermining good science and setting back our ability to understand how the system really works." Of course this makes the book fascinating to generalists, geeks, and breadth thinkers, but perhaps more importantly, I think it serves well to develop reusable intuition across domains. The third non-fitting audience will be experts who desire depth in one of the book's many topic areas; it's not a technical treatise for them and I can confidently predict grumbling in some quarters."
"The anecdotes and exposition are fantastic, and I wish we could make this book required reading for, say, everyone in the country. This kind of pundit chatter, as Silver notes, tends to be insanely inaccurate. Weather prediction has gotten lots better over the last fifty years, due to highly sophisticated, large-scale supercomputer modeling. Nate Silver made a living playing online poker for a few years. When the government tightened the rules, the less savvy players ("fish") stopped playing, and he found he couldn't make money any more. Rational employees may have less career risk when they "bet with the consensus" than when they buck a trend: this may increase herding effects and makes bubbles worse. Note: Nate pointedly does not claim that one can make money on Intrade by betting based on FiveThirtyEight probabilities. But he stresses that Intrade prices are themselves probably heavily informed by poll-based models like the ones on FiveThirtyEight. Climate prediction: prima facie case for anthropic warming is very strong (greenhouse gas up, temperature up, good theoretical reason for former causing latter). But lots of good reason to doubt accuracy of specific elaborate computer models, and most scientists admit uncertainty about details."
"I do not teach statistics for a living, but I was able to follow Nate Silver's hypotheses, explanations, and formulas; his reasoning was clear."
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Best Mexico History

Mezcal: The History, Craft & Cocktails of the World's Ultimate Artisanal Spirit
?Join author Emma Janzen through Mezcal as she presents an engaging primer on all things related to the spirit ; its long history, the craft of distilling it, and a thorough guide to many of the most common agaves used in production and how they shape the resulting spirit. Emma Janzen started writing about mezcal, cocktails, beer, and other spirits as the Liquid Austin columnist for the Austin American-Statesman in 2010.
Reviews
"If you are new to Mezcal, buy this book!"
"This book brings forth a lot of the mysteries to the readers eyes."
"I know Emma's work from Imbibe magazine and I am glad she finally got around to writing this beautiful book!"
"I received this book on NetGalley for an honest review."
"Emma poses one of the most concise, insightful and well-rounded offerings to understanding the many historic and cultural complexities of this category."
"Got this as a gift for my boyfriend who bartends at a Mexican restaurant and loves mezcal."
"This is a beautiful, well-made book that will be treasured by anyone interested in spirits or in the traditions and culture of Mexico."
"This is a beautiful book."
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Best Industrial Marketing

Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant
Recognized as one of the most iconic and impactful strategy books ever written, Blue Ocean Strategy , now updated with fresh content from the authors, argues that cutthroat competition results in nothing but a bloody red ocean of rivals fighting over a shrinking profit pool. Blue Ocean Strategy presents a systematic approach to making the competition irrelevant and outlines principles and tools any organization can use to create and capture their own blue oceans. W. Chan Kim and Renée Mauborgne are Professors of Strategy at INSEAD and Codirectors of the INSEAD Blue Ocean Strategy Institute.
Reviews
"This book defines a way of thinking about business strategy."
"Best business book I've ever read!"
"this is the very best business book i have ever read."
"Bought this for my girlfriend and she has gotten so much useful information from this book."
"Excellent book, perfect advisor to understand how to rebuild and transform your business into a more competitive entity."
"Love the approach and have applied them quite often."
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Best Brain Diseases

The Neural Basis of Motor Control
This authoritative study synthesizes physiology, neuroanatomy, kinesiology, and psychology in a thorough introduction to motor control. Brooks has succeeded in presenting an overview of the field and has also given us a sense of the current theories and controversies, a testimonial to both his vast knowledge of the field and to his clarity of presentation....This volume contains a wealth of information that can be of value to basic researchers, clinicians, and others interested in movement and movement disorders." "A most useful book about motor control which is informative and up to date .
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