60 books like Irrational Exuberance

By Robert J. Shiller,

Here are 60 books that Irrational Exuberance fans have personally recommended if you like Irrational Exuberance. 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 Thinking, Fast and Slow

Scott Galloway Author Of The Algebra of Wealth: A Simple Formula for Financial Security

From my list on helping you be your best self.

Why am I passionate about this?

I try to use my platform to  help people consider how to live a more meaningful life. I've made mistakes, learned from them, and want to pass on those lessons. There are many definitions of success and fulfillment and many paths to achieve it. I hope by telling my story others can avoid some of the mistakes I made.

Scott's book list on helping you be your best self

Scott Galloway Why did Scott love this book?

Professor Kahneman’s ideologies on decision-making have helped me in business and my personal life.

His insights have enhanced my decision-making process and helped me navigate the strait between instinct and decision. His insights have encouraged me to delegate routine decisions, allowing me to reserve my mental energy for the most critical choices.

By Daniel Kahneman,

Why should I read it?

42 authors picked Thinking, Fast and Slow as one of their favorite books, and they share why you should read it.

What is this book about?

The phenomenal international bestseller - 2 million copies sold - that will change the way you make decisions

'A lifetime's worth of wisdom' Steven D. Levitt, co-author of Freakonomics
'There have been many good books on human rationality and irrationality, but only one masterpiece. That masterpiece is Thinking, Fast and Slow' Financial Times

Why is there more chance we'll believe something if it's in a bold type face? Why are judges more likely to deny parole before lunch? Why do we assume a good-looking person will be more competent? The answer lies in the two ways we make choices: fast,…


Book cover of Nudge: Improving Decisions about Health, Wealth, and Happiness

Markus Eberl Author Of War Owl Falling: Innovation, Creativity, and Culture Change in Ancient Maya Society

From my list on innovation in the past when this wasn't yet a thing.

Why am I passionate about this?

As an archaeologist, I love prehistoric things and what can I learn from them about the people that made them and left them behind. I study ancient Maya commoners in what is now modern Guatemala. Their material remains are humble but include depictions and symbols normally found in the palaces of Maya kings and queens. First I wondered and then I studied how the title-giving war owl fell into the hands of Maya commoners. By approaching this process as innovation, I discuss creativity in the past and cultural changes that result from it.

Markus' book list on innovation in the past when this wasn't yet a thing

Markus Eberl Why did Markus love this book?

This book introduced the concept of nudging into the public discourse, and I guess all of us have encountered it one way or the other. How many reminders have I gotten to sign up for this or that program?… Alas, I love Thaler and Sunstein's concept of choice architects. It made me think about power as a capacity to affect not only people but also the very framework in which people make decisions.

By Richard H. Thaler, Cass R. Sunstein,

Why should I read it?

4 authors picked Nudge as one of their favorite books, and they share why you should read it.

What is this book about?

Now available: Nudge: The Final Edition

The original edition of the multimillion-copy New York Times bestseller by the winner of the Nobel Prize in Economics, Richard H. Thaler, and Cass R. Sunstein: a revelatory look at how we make decisions—for fans of Malcolm Gladwell’s Blink, Charles Duhigg’s The Power of Habit, James Clear’s Atomic Habits, and Daniel Kahneman’s Thinking, Fast and Slow

Named a Best Book of the Year by TheEconomist and the Financial Times

Every day we make choices—about what to buy or eat, about financial investments or our children’s health and education, even about the causes we champion…


Book cover of The General Theory of Employment, Interest and Money: With the Economic Consequences of the Peace

Hersh Shefrin Author Of Ending the Management Illusion: How to Drive Business Results Using the Principles of Behavioral Finance

From my list on psychology's impact on economics and finance.

Why am I passionate about this?

I became a behavioral economist in the 1970s, at the time modern behavioral economics came into existence. Much of my work has focused on the way in which the combination of emotions and deliberative thinking impact the way people make decisions about their economic lives. For over four decades, I have been identifying the fascinating ways in which this two system psychological approach influences the important questions of our day.

Hersh's book list on psychology's impact on economics and finance

Hersh Shefrin Why did Hersh love this book?

Keynes’ book is not just a classic, but to my mind is the finest book in economics written in the first half of the twentieth century. Although I studied the book as an undergraduate student, at the time I failed to appreciate what Keynes wrote about the role psychology played in economic decision making. It was only after becoming a behavioral economist myself, and re-reading the book, did I realize that Keynes was a stellar behavioral economist. Although many professionals learn about Keynes’s ideas from other sources, there is nothing like the original. In this work Keynes speaks to us about how human psychology impacts economic decisions and events. Those who read carefully will see that he writes about psychology, optimism, confidence, and sentiment – terms very much in vogue today among modern behavioral economists.

By John Maynard Keynes,

Why should I read it?

1 author picked The General Theory of Employment, Interest and Money as one of their favorite books, and they share why you should read it.

What is this book about?

John Maynard Keynes (1883-1946) is perhaps the foremost economic thinker of the twentieth century. On economic theory, he ranks with Adam Smith and Karl Marx; and his impact on how economics was practiced, from the Great Depression to the 1970s, was unmatched.

The General Theory of Employment, Interest and Money was first published in 1936. But its ideas had been forming for decades ? as a student at Cambridge, Keynes had written to a friend of his love for 'Free Trade and free thought'. Keynes's limpid style, concise prose, and vivid descriptions have helped to keep his ideas alive -…


Book cover of Stabilizing an Unstable Economy

Joseph Vogl Author Of The Ascendancy of Finance

From my list on the political power of contemporary finance.

Why am I passionate about this?

How did I – as a scholar of German literature – turn to economic topics? That had a certain inevitability. When I left for Paris in the early nineties, reading traces of anthropological knowledge in literature and aesthetics of the 18th century, I came across economic ideas on almost every page, in natural history, in medicine, in philosophy, in encyclopedias, in the theories of signs and in the teachings of beauty. There was circulation, communication, flows of exchange all over the place, and the Robinsons were the model. This reinforced the impression that the human being was engaged in aligning himself with homo oeconomicus. The question of  modern economics has therefore become unavoidable for me.

Joseph's book list on the political power of contemporary finance

Joseph Vogl Why did Joseph love this book?

Minsky’s thesis on financial instability is a brilliant intellectual blow against the liberal legend concerning the balancing powers of (financial) markets.

It suggests that manifest crises and breakdowns are not simply caused by external tremors, by fiscal or political coups de théâtre; rather, they are brought about by the parameters and endogenous movements of the financial economy itself.

Unlike cybernetic and self-regulating systems, the financial market is inclined to be spooked by its own tranquillity and destabilized by its own stability. The very efficiency of its functioning turns out to be utterly dysfunctional.

By Hyman P. Minsky,

Why should I read it?

2 authors picked Stabilizing an Unstable Economy as one of their favorite books, and they share why you should read it.

What is this book about?

"Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived." -The Wall Street Journal

In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers:

The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices "Speculative finance" and its effect on investment and asset prices Government's role in…


Book cover of Capital in the Twenty-First Century

Luke Hildyard Author Of Enough: Why It's Time to Abolish the Super-Rich

From my list on wanting to eat the rich.

Why am I passionate about this?

I am the Director of the High Pay Centre, a London-based think tank researching the causes and consequences of economic inequality. In most major economies, the richest 1% of the population now take up to a fifth of all income and something like a quarter to a third of all wealth. These rich jerks aren’t necessarily bad people, at least not in all cases, and we don’t literally need to eat them all. However, such extreme concentration of income and wealth is undeserved and unnecessary, and it should definitely be an overriding priority to share it in a fairer and more even way.

Luke's book list on wanting to eat the rich

Luke Hildyard Why did Luke love this book?

This is an obvious choice, but it’s obvious for a reason–it sets out clearly and rigorously the extent to which the super-rich across multiple different countries suck up an ever-increasing share of aggregate income and wealth.

There’s doubtless some satisfaction from being one of the small proportion of purchasers to get through all 700+ pages, but it’s actually quite readable and peppered with literary references to writers like Jane Austen and Honore Balzac.

By Thomas Piketty, Arthur Goldhammer (translator),

Why should I read it?

6 authors picked Capital in the Twenty-First Century as one of their favorite books, and they share why you should read it.

What is this book about?

A New York Times #1 Bestseller
An Amazon #1 Bestseller
A Wall Street Journal #1 Bestseller
A USA Today Bestseller
A Sunday Times Bestseller
A Guardian Best Book of the 21st Century
Winner of the Financial Times and McKinsey Business Book of the Year Award
Winner of the British Academy Medal
Finalist, National Book Critics Circle Award

What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard…


Book cover of Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change

Robert Isaak Author Of Brave New World Economy: Global Finance Threatens Our Future

From my list on the world economy, finance trends, and options.

Why am I passionate about this?

Since completing my PhD in political economy (dissertation: ‘International Integration and Foreign Policy Decision-making’) I have gone deeper into economic origins of change (eg. Modern Inflation, coauthored with well-known economist Wilhelm Hankel in Bologna, Italy at Johns Hopkins SAIS) and find the interactions between economic, politics, and psychology fascinating—presenting an infinite number of ‘Sherlock Holmes-like puzzles’. We are all now confronted with political, economic, and psychological uncertainties, put on high speed due to the war in Ukraine and great power tensions. So it is time to learn about the origins of our problems and their trends in order to better cope and find a basis for individual, if not collective, peace.

Robert's book list on the world economy, finance trends, and options

Robert Isaak Why did Robert love this book?

I invited Edmund Phelps to speak at Pace University in New York the week before he received the Nobel Prize in Economics.

His thesis, captured in detail in this book, is that state welfare economies in Europe have become too disconnected from the prerequisites for the entrepreneurial economic growth and innovation necessary to create jobs and to pay for the social benefits. Given the huge debt overhang in most of these countries, not to mention developing countries, his controversial thesis then could not be more timely now!

All people need to be motivated to become entrepreneurial in order to provide human health, comfort, and self-actualization for themselves, their families, and fellow citizens. Have you been taught this at school?!!!

By Edmund S. Phelps,

Why should I read it?

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

What is this book about?

In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make a sweeping new argument about what makes nations prosper--and why the sources of that prosperity are under threat today. Why did prosperity explode in some nations between the 1820s and 1960s, creating not just unprecedented material wealth but "flourishing"--meaningful work, self-expression, and personal growth for more people than ever before? Phelps makes the case that the wellspring of this flourishing was modern values such as the desire to create, explore, and meet challenges. These values fueled the grassroots dynamism that was necessary for widespread,…


Book cover of Megathreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them

Robert Isaak Author Of Brave New World Economy: Global Finance Threatens Our Future

From my list on the world economy, finance trends, and options.

Why am I passionate about this?

Since completing my PhD in political economy (dissertation: ‘International Integration and Foreign Policy Decision-making’) I have gone deeper into economic origins of change (eg. Modern Inflation, coauthored with well-known economist Wilhelm Hankel in Bologna, Italy at Johns Hopkins SAIS) and find the interactions between economic, politics, and psychology fascinating—presenting an infinite number of ‘Sherlock Holmes-like puzzles’. We are all now confronted with political, economic, and psychological uncertainties, put on high speed due to the war in Ukraine and great power tensions. So it is time to learn about the origins of our problems and their trends in order to better cope and find a basis for individual, if not collective, peace.

Robert's book list on the world economy, finance trends, and options

Robert Isaak Why did Robert love this book?

‘Dr. Doom’ (he prefers ‘Dr. Realist’) gives a lucid summary of major threats confronting the global economy and possible policy changes to alleviate them.

This book is well written and hits the nails all on the head with his diagnosis and possible corrective policies. His YouTube interview on his book is brilliant, so I need not say more.

By Nouriel Roubini,

Why should I read it?

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

What is this book about?

A Financial Times Economics Book of the Year
A Times Business Book of the Year
A Sunday Independent (Ireland) Book of the Year

'People who like horror films will love this book' Financial Times

'Forewarned is forearmed. Read and pay attention' Martin Wolf

'Not only will the reader be better off after reading this book, but the world will be a better place' Nassim Nicholas Taleb

We are heading towards the worst economic catastrophe of our lifetimes - unless we can defend against ten terrifying threats.

World renowned economist Nouriel Roubini was nicknamed Dr. Doom until his warnings of the…


Book cover of Capitalism, Socialism, and Democracy

Mark R. Reiff Author Of On Unemployment: A Micro-Theory of Economic Justice: Volume 1

From my list on what causes economic injustice.

Why am I passionate about this?

F. Scott Fitzgerald claimed, “there are no second acts in American lives.” But I am on my third. I started out in the theatre, then became a lawyer, and then a political philosopher. What drove each move is that I was always outraged by injustice and wanted to find a better way to fight against it. For me, reading, writing, and teaching political philosophy turned out to be that way. The books on this list provide important lessons on how certain economic policies can cause injustice while others can cure it. Each has been around for a long time, but they are as relevant today as when they were first written. 

Mark's book list on what causes economic injustice

Mark R. Reiff Why did Mark love this book?

A renowned economist and Harvard professor with a bit of a cult following, Schumpeter provides a realistic evaluation of what capitalism is and whether it can survive if it does not do more to help a wider range of people.

First published in 1942, Schumpeter’s fear was the rise of socialism, but what he had to say about the failings of capitalism back then applies with equal force today.

Schumpeter was the originator of the term “creative destruction” to describe how capitalism works, and Part II of the book was the inspiration for my paper, “Can Liberal Capitalism Survive?”

The book has never been out of print. 

By Joseph A Schumpeter,

Why should I read it?

3 authors picked Capitalism, Socialism, and Democracy as one of their favorite books, and they share why you should read it.

What is this book about?

“Joseph Schumpeter’s classic Capitalism, Socialism and Democracy explains the process of capitalism’s 'creative destruction' — a key principle in understanding the logic of globalization." — Thomas L. Friedman, Foreign Policy

In this definitive third and final edition (1950) of his prophetic masterwork, Joseph A. Schumpeter introduced the world to the concept of “creative destruction,” which forever altered how global economics is approached and perceived. Now featuring a new introduction by Pulitzer Prize-winning Schumpeter biographer Thomas K. McCraw, Capitalism, Socialism and Democracy is essential read­ing for anyone who seeks to understand where the world economy is headed.

“If Keynes was the…


Book cover of The Optimist's Telescope: Thinking Ahead in a Reckless Age

Carrie Firestone Author Of The First Rule of Climate Club

From my list on non-fiction to inspire community conversations.

Why am I passionate about this?

I'm co-founder of a grassroots social justice, civic engagement, and service organization called ForwardCT, which I started with my friend and current state representative Eleni Kavros DeGraw with the intention of mobilizing community-centered action. Our work centers on these four pillars: Connect, Inform, Serve, and Lead. Those pillars guide my work as chair of my town’s Clean Energy Commission, as teacher and facilitator of workshops and events, and as an author of books for young people. I'm drawn to the powerful use of storytelling as a tool for starting conversations, stirring up “good trouble,” and inspiring activism. Read a book, approach your library or town to host a community conversation, leave with actionable takeaways, repeat!

Carrie's book list on non-fiction to inspire community conversations

Carrie Firestone Why did Carrie love this book?

As someone who hoarded toilet paper weeks before the 2020 shortage, I relate to the frustration of watching history repeat itself (or at least rhyme with itself) because people are often too distracted to focus on planning for looming crises.

Bina Venkataraman gets to the “why” of this often-fatal flaw as she explores the nature of human decision-making. This book provides tangible narratives as a springboard to answer these questions: How can we use wisdom from our ancestors to better inform our personal, professional, and policy decisions? How can we incentivize (or glitter bomb) long-term planning? And how can we see ourselves as future ancestors in order to be better stewards of the planet?

A perfect selection for corporate, government, and non-profit retreats and professional development conferences!  

By Bina Venkataraman,

Why should I read it?

2 authors picked The Optimist's Telescope as one of their favorite books, and they share why you should read it.

What is this book about?

Named a Best Book of 2019 by NPR

“How might we mitigate losses caused by shortsightedness? Bina Venkataraman, a former climate adviser to the Obama administration, brings a storyteller’s eye to this question. . . .  She is also deeply informed about the relevant science.” —The New York Times Book Review

A trailblazing exploration of how we can plan better for the future: our own, our families’, and our society’s.  

Instant gratification is the norm today—in our lives, our culture, our economy, and our politics. Many of us have forgotten (if we ever learned) how to make smart decisions for…


Book cover of Daring Greatly: How the Courage to Be Vulnerable Transforms the Way We Live, Love, Parent, and Lead

Peggy Dean Author Of Mindful Sketching: How to Develop a Drawing Practice and Embrace the Art of Imperfection

From my list on creative books for the wildly imperfect artist.

Why am I passionate about this?

My journey into art began as a serendipitous discovery that unfolded through curiosity. As a “can’t-be-tamed” creative, I understand the tug-of-war artists feel – craving to learn skills and create “quality” pieces, while also thumbing the snooze-fest of sticking to one thing. Been there, done that, got the paint-splattered t-shirt. This has ignited a passion for encouraging others to find their own creative voice, as I've navigated the same path while building a multifaceted career in watercolor, gouache, line drawing, urban sketching, brush lettering, and calligraphy…need I go on? The thing is, I will because there is still so much to be explored.

Peggy's book list on creative books for the wildly imperfect artist

Peggy Dean Why did Peggy love this book?

Engaging with this book, I recognized how fear of imperfection often held me back, not just in my art but in various aspects of life. I feel like the importance of showing up and being seen, even when there are no guarantees, is a reminder that I can continue to revisit time and time again.

This book has empowered me to approach my art practice with a heart open to risks and imperfections, which transforms not just the art I produce, but also how I lead, love, and connect with the world around me.

By Brené Brown,

Why should I read it?

11 authors picked Daring Greatly as one of their favorite books, and they share why you should read it.

What is this book about?

**Now on Netflix as The Call to Courage**

'She's so good, Brene Brown, at finding the language to articulate collective feeling' Dolly Alderton

Every time we are faced with change, no matter how great or small, we also face risk. We feel uncertain and exposed. We feel vulnerable. Most of us try to fight those feelings - or feel guilt for feeling them in the first place.

In a powerful new vision Dr Brene Brown challenges everything we think we know about vulnerability, and dispels the widely accepted myth that it's a weakness. She argues that, in truth, vulnerability is…


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