100 books like Business Cycles

By Joseph A. Schumpeter,

Here are 100 books that Business Cycles fans have personally recommended if you like Business Cycles. Shepherd is a community of 11,000+ authors and super readers sharing their favorite books with the world.

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Book cover of Innovation and Entrepreneurship

Joe Carlen Author Of A Brief History of Entrepreneurship: The Pioneers, Profiteers, and Racketeers Who Shaped Our World

From my list on the impact of entrepreneurship on society.

Why am I passionate about this?

As an entrepreneur and a professional business valuation specialist, I have a passion for understanding entrepreneurship and its often-transformational impact on society/civilization. Having worked with many business owners and inventors over the years, I've noticed that money is not always the primary motivating factor for entrepreneurs. In many instances, the benefits their products and services are intended to provide—and, in some instances, the wider social implications of those benefits—are what animates these business adventurers the most. So, these days when the work of NewSpace entrepreneurs like Musk, Bezos, and Branson are likely leading humankind to a multiplanetary future, it's an opportune time to explore the impact of entrepreneurship on society. 

Joe's book list on the impact of entrepreneurship on society

Joe Carlen Why did Joe love this book?

Although Peter Drucker is best remembered as a management guru, he also produced some seminal work on the topic of entrepreneurship, of which Innovation and Entrepreneurship is the most comprehensive. The book explores the close relationship between creative problem-solving (or “innovation”) and successful/socially impactful entrepreneurship. In his lively prose, the fondly remembered business writer provides a rigorous review of the opportunities for entrepreneurship. 

For example, he discusses how “changes in perception” such as changes in how women see themselves in modern society, create opportunities for savvy entrepreneurs. Dr. Drucker also provides excellent insights regarding different forms of entrepreneurship. Perhaps most relevantly, he also explains the ways in which entrepreneurship impacts society and, in his view, makes the United States and some other developed countries more economically resilient. 

By Peter F. Drucker,

Why should I read it?

1 author picked Innovation and Entrepreneurship as one of their favorite books, and they share why you should read it.

What is this book about?

How can management be developed to create the greatest wealth for society as a whole? This is the question Peter Drucker sets out to answer in Innovation and Entrepreneurship. A brilliant, mould-breaking attack on management orthodoxy it is one of Drucker's most important books, offering an excellent overview of some of his main ideas. He argues that what defines an entrepreneur is their attitude to change: 'the entrepreneur always searches for change, responds to it and exploits it as an opportunity'. To exploit change, according to Drucker, is to innovate. Stressing the importance of low-tech entrepreneurship, the challenge of balancing…


Book cover of The Entrepreneurial Society

Joe Carlen Author Of A Brief History of Entrepreneurship: The Pioneers, Profiteers, and Racketeers Who Shaped Our World

From my list on the impact of entrepreneurship on society.

Why am I passionate about this?

As an entrepreneur and a professional business valuation specialist, I have a passion for understanding entrepreneurship and its often-transformational impact on society/civilization. Having worked with many business owners and inventors over the years, I've noticed that money is not always the primary motivating factor for entrepreneurs. In many instances, the benefits their products and services are intended to provide—and, in some instances, the wider social implications of those benefits—are what animates these business adventurers the most. So, these days when the work of NewSpace entrepreneurs like Musk, Bezos, and Branson are likely leading humankind to a multiplanetary future, it's an opportune time to explore the impact of entrepreneurship on society. 

Joe's book list on the impact of entrepreneurship on society

Joe Carlen Why did Joe love this book?

The impact of entrepreneurship on society is clearly of great interest to the author, an economist at Indiana University. Often contrasting Europe, where Dr. Audretsch has spent a considerable amount of time, with his native United States, the author explores the socioeconomic implications of America’s transition from a job-for-life society to The Entrepreneurial Society

For example, he explains that the entrepreneurial thrust in American business and academia in the late 20th century/early 21st century have generated an impressive job-creating engine, especially in contrast to the relatively stagnant job growth in most of Europe. The Entrepreneurial Society stands as an important discussion about the impact of entrepreneurship on 21st-century society and the book’s transatlantic scope makes it particularly interesting. 

By David B. Audretsch,

Why should I read it?

1 author picked The Entrepreneurial Society as one of their favorite books, and they share why you should read it.

What is this book about?

Your father most likely enjoyed the security of life-time employment with a major corporation. No more. While the previous generation had an average of four employers over the course of their lifetimes, the current generation will hold four different jobs by the time they reach 30. One of their employers will be either someone they know or themselves. If you're not an agent of change by contributing to innovation and doing something different and better today than
yesterday, don't expect your job to be around for much longer. Over two-thirds of college students will be their own boss at some…


Book cover of Getting Beyond Better: How Social Entrepreneurship Works

Joe Carlen Author Of A Brief History of Entrepreneurship: The Pioneers, Profiteers, and Racketeers Who Shaped Our World

From my list on the impact of entrepreneurship on society.

Why am I passionate about this?

As an entrepreneur and a professional business valuation specialist, I have a passion for understanding entrepreneurship and its often-transformational impact on society/civilization. Having worked with many business owners and inventors over the years, I've noticed that money is not always the primary motivating factor for entrepreneurs. In many instances, the benefits their products and services are intended to provide—and, in some instances, the wider social implications of those benefits—are what animates these business adventurers the most. So, these days when the work of NewSpace entrepreneurs like Musk, Bezos, and Branson are likely leading humankind to a multiplanetary future, it's an opportune time to explore the impact of entrepreneurship on society. 

Joe's book list on the impact of entrepreneurship on society

Joe Carlen Why did Joe love this book?

One of the more readable books on the topic of social entrepreneurship, Getting Beyond Better clarifies the mission of the modern social entrepreneur. Like many governments, the social entrepreneur is seeking to provide goods and services to fellow citizens but, unlike most governments, this do-gooder also must contend with the imperative to turn a profit, albeit not to the same extent as most “regular” entrepreneurs. 

Within this distinctive paradigm, social entrepreneurs may be empowered to tackle social problems in ways that are more sustainable, equitable, and benevolent than purely profit-driven entrepreneurship is capable of. For those eager to “do well” for themselves while “doing good” for society, Getting Beyond Better offers a compelling blueprint.

By Roger L. Martin, Sally Osberg,

Why should I read it?

1 author picked Getting Beyond Better as one of their favorite books, and they share why you should read it.

What is this book about?

Who drives transformation in society? How do they do it? In this compelling book, strategy guru Roger L. Martin and Skoll Foundation President and CEO Sally R. Osberg describe how social entrepreneurs target systems that exist in a stable but unjust equilibrium and transform them into entirely new, superior, and sustainable equilibria. All of these leaders--call them disrupters, visionaries, or changemakers--develop, build, and scale their solutions in ways that bring about the truly revolutionary change that makes the world a fairer and better place. The book begins with a probing and useful theory of social entrepreneurship, moving through history to…


Book cover of Bill Gates Speaks: Insight from the World's Greatest Entrepreneur

Joe Carlen Author Of A Brief History of Entrepreneurship: The Pioneers, Profiteers, and Racketeers Who Shaped Our World

From my list on the impact of entrepreneurship on society.

Why am I passionate about this?

As an entrepreneur and a professional business valuation specialist, I have a passion for understanding entrepreneurship and its often-transformational impact on society/civilization. Having worked with many business owners and inventors over the years, I've noticed that money is not always the primary motivating factor for entrepreneurs. In many instances, the benefits their products and services are intended to provide—and, in some instances, the wider social implications of those benefits—are what animates these business adventurers the most. So, these days when the work of NewSpace entrepreneurs like Musk, Bezos, and Branson are likely leading humankind to a multiplanetary future, it's an opportune time to explore the impact of entrepreneurship on society. 

Joe's book list on the impact of entrepreneurship on society

Joe Carlen Why did Joe love this book?

Bill Gates Speaks is a collection and analysis of some of the Microsoft mega-entrepreneur’s most intriguing quotes. Gates’ reflections on business, technology, social improvement (e.g., “I have no doubt that computers can help kids develop more of their mental potential”) and even government provide tremendous insight into the nexus of entrepreneurship and society. Especially considering his remarkable philanthropy in recent years, few people understand that relationship in the firsthand manner that Bill Gates does. 

By Janet Lowe,

Why should I read it?

1 author picked Bill Gates Speaks as one of their favorite books, and they share why you should read it.

What is this book about?

Love him or hate him, Bill Gates has single-handedly shaped the technological future of the twenty-first century. Created through the independent research of bestselling author Janet Lowe, Bill Gates Speaks documents the life and ambitions of one of the world's most unique business and cultural leaders. The only book to compile Gates' actual words-culled from articles, newscasts, and interviews-this profile reveals what Gates has to say on everything from financing a start-up to running a conglomerate, developing technology, to raising a family.


Book cover of The Theory of Economic Development

David Emanuel Andersson Author Of Property Rights, Consumption and the Market Process

From my list on understanding how societies develop.

Why am I passionate about this?

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. 

David's book list on understanding how societies develop

David Emanuel Andersson Why did David love this book?

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.  

By Joseph A. Schumpeter,

Why should I read it?

2 authors picked The Theory of Economic Development as one of their favorite books, and they share why you should read it.

What is this book about?

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…


Book cover of History of Economic Analysis

Panayotis G. Michaelides Author Of History of Economic Ideas: From Adam Smith to Paul Krugman

From my list on the evolution of economics.

Why am I passionate about this?

I am a Full Professor and Lab Director in Economics. My interest in this field began when I traveled abroad and observed the differences in prices, goods, and quality of life. In order to gain a deeper understanding, I decided to switch from my previous academic background in Engineering, Mathematics & Physics to Economics, Finance & Data Science. Today, I am dedicated to expanding my knowledge and sharing my insights through teaching, academic publications, and LinkedIn posts. According to the latest rankings, I am humbled to be among the top 3% most productive economists worldwide (IDEAS-RePec, 2023), as well as being ranked among the top 4% researchers in Financial Economics, and the top 5% in Econometrics (Researchgate, 2023).

Panayotis' book list on the evolution of economics

Panayotis G. Michaelides Why did Panayotis love this book?

Since my PhD was based on Schumpeter's work, I can confidently state that it is well worth exploring the fascinating world of Economics through one of history's greatest economists.

This masterpiece takes the reader on a journey through every corner of the subject, paying particular attention to even the smallest details. A unique and thought-provoking view of Economics is offered by Schumpeter in his over 1000 pages of brilliant insights.

This book distinguishes itself from others through its deep and unconventional interpretation of Economics. It is a must-read for anyone seeking a thorough understanding of Economics as Schumpeter provides fresh insights on various topics.

However, it would be much better if it covered more recent developments. Enjoy this tour of Economics with Schumpeter and you will never get bored!

By Joseph A Schumpeter, Elizabeth Boody Schumpeter (editor),

Why should I read it?

2 authors picked History of Economic Analysis as one of their favorite books, and they share why you should read it.

What is this book about?

At the time of his death in 1950, Joseph Schumpeter--one of the great economists of the first half of the 20th century--was working on his monumental History of Economic Analysis. A complete history of efforts to understand the subject of economics from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. Although never fully completed, it has gained recognition as a modern classic due to its broad scope and original examination of significant historical events. Complete with a new introduction by Mark Perlman, who outlines the structure of…


Book cover of Grand Pursuit: The Story of Economic Genius

Alan Bollard Author Of Economists at War: How a Handful of Economists Helped Win and Lose the World Wars

From my list on how economists agree and disagree amongst each other.

Why am I passionate about this?

I am an economics professor at Victoria University of Wellington. As a previous Secretary of the New Zealand Treasury and Governor of the Reserve Bank of New Zealand, I have had quite a bit of experience watching economists’ ideas succeed and fail in the real world. I have written a number of books about policy economists and their lives in peace and wartime. (And a couple of novels too!)

Alan's book list on how economists agree and disagree amongst each other

Alan Bollard Why did Alan love this book?

Under the headings of hope, fear, and confidence, Nasar takes us through the lives, the ideas, the failings, and arguments of several dozen economists, in a lively journalistic fashion. From the last chaotic days of Joseph Schumpeter’s failing post-war Vienna to Joan Robinson’s 1950s propaganda trip to Stalin’s Moscow, she gives us an illuminating view of history and what economists did to try to improve it.

By Sylvia Nasar,

Why should I read it?

1 author picked Grand Pursuit as one of their favorite books, and they share why you should read it.

What is this book about?

An instant New York Times bestseller, in a sweeping narrative the author of the esteemed A Beautiful Mind takes us on a journey through modern history with the men and women who changed the lives of every single person on the planet. Grand Pursuit is the epic story of the making of modern economics, of how economics rescued mankind from squalor and deprivation by placing its material fate in its own hands.

A New York Times bestseller, this sweeping narrative from the author of A Beautiful Mind takes us on a journey through modern history with the men and women…


Book cover of The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas

Alan Bollard Author Of Economists at War: How a Handful of Economists Helped Win and Lose the World Wars

From my list on how economists agree and disagree amongst each other.

Why am I passionate about this?

I am an economics professor at Victoria University of Wellington. As a previous Secretary of the New Zealand Treasury and Governor of the Reserve Bank of New Zealand, I have had quite a bit of experience watching economists’ ideas succeed and fail in the real world. I have written a number of books about policy economists and their lives in peace and wartime. (And a couple of novels too!)

Alan's book list on how economists agree and disagree amongst each other

Alan Bollard Why did Alan love this book?

This is a heavier read taking us through a group history of the Austrian School of Economics from the coffee houses of Imperial Vienna to the modern-day Libertarians. Economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter originated ideas that have had a big impact on economics and politics, and have been much debated ever since.

By Janek Wasserman,

Why should I read it?

1 author picked The Marginal Revolutionaries as one of their favorite books, and they share why you should read it.

What is this book about?

A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party

The Austrian School of Economics-a movement that has had a vast impact on economics, politics, and society, especially among the American right-is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism-and deep antipathy toward socialism-ultimately won them a devoted audience among the upper echelons of business…


Book cover of Dirt Cheap

Cathy Ballou Mealey Author Of Sloth and Squirrel in a Pickle

From my list on entrepreneurship and jobs for kids.

Why am I passionate about this?

I have never picked a peck of pickles, but I have been a crossing guard, pet-sitter, and professional gift-wrapper. I’ve worked in department stores, banks, libraries, colleges, and even a middle school cafeteria. Every job has taught me about the value of hard work, allowed me to pursue a passion, and inspired me to connect with all kinds of people. My current job - picture book author - is my favorite! I write to empower and inspire readers with new ideas and encourage them, like my characters, to succeed by maintaining a positive attitude and a growth mindset!

Cathy's book list on entrepreneurship and jobs for kids

Cathy Ballou Mealey Why did Cathy love this book?

Birdie really wants a special soccer ball, the XR1000 Super Extreme. She starts selling dirt at 25 cents per bag, and soon has plenty of customers. While she does earn enough to buy the ball, she inadvertently creates a big problem. She has no yard left for playing soccer! What can she sell next in order to buy new soil for her lawn? This determined, creative soccer star’s story will inspire readers to persevere and amend for any oversights in their entrepreneurial ventures.

By Mark Hoffmann,

Why should I read it?

1 author picked Dirt Cheap as one of their favorite books, and they share why you should read it.

What is this book about?

A young entrepreneur sets out to earn some money and discovers the value of a dollar (and of dirt)! Perfect for fans of Lemonade in Winter, The Most Magnificent Thing, and Rosie Revere, Engineer.

Birdie doesn't know much about money. All she knows is that she wants a new soccer ball that costs $24.95. The fastest way to that $24.95 is going into sales, but what to sell?

All her belongings?
Not much of a market for those.

Birdie needs something that she has in abundance and that everyone needs. So when she sees everyone in her neighborhood working on…


Book cover of Sing With Your Opera Voice: My Journey from Solopreneur to Entrepreneur

Christina Hamlett Author Of Office for One: The Sole Proprietor's Survival Guide

From my list on solopreneurs who want to chart their own course.

Why am I passionate about this?

From the time I first learned to write, I knew this was something in my blood I had to pursue and that I’d one day make a comfortable living at it. Writing is a solitary craft to be sure, and although I worked in other industries for a number of years, I knew I’d eventually have to take a leap of faith and pursue this professionally. I’m passionate about encouraging fellow wordsmiths and dreamers, and the business books I’ve written reflect my expertise in Audience Analysis and Message Design, a specialization I’ve also tapped for my novels and stage plays.

Christina's book list on solopreneurs who want to chart their own course

Christina Hamlett Why did Christina love this book?

When I was growing up, my mother always criticized me whenever I tried to sing. “You’re terrible at this,” she told me. She also criticized my endeavors at dancing, writing, and the arts. It wasn’t until I was much older I realized just how insecure she was and how she feared my failure at any of the things I wanted to do would somehow reflect on her. What attracted me to this book was actually the title. In recent years I’ve taken professional singing lessons (including opera!) and discovered that the only thing holding me back was my lack of confidence in pushing the envelope. Everything is possible—including being your own boss (of anything!) as long as you don’t allow yourself to become overwhelmed or listen to the naysayers more than to your own heart.

By Vicky Brown,

Why should I read it?

1 author picked Sing With Your Opera Voice as one of their favorite books, and they share why you should read it.

What is this book about?

Congratulations, you are a newly minted entrepreneur. You had a vision, and started a business. Now you are totally overwhelmed. There is just too much to do, all the time. The business isn’t growing as fast as you would like, and you’re beginning to have doubts that you have what it takes to build the business you imagined.

You chose a service business because you wanted to help others. Coaching, counseling, providing professional services. But each day so many things are coming at you from all directions, you’re finding it difficult to stay focused on your vision in the overwhelm.…


5 book lists we think you will like!

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