100 books like Principles for Dealing with the Changing World Order

By Ray Dalio,

Here are 100 books that Principles for Dealing with the Changing World Order fans have personally recommended if you like Principles for Dealing with the Changing World Order. 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 The Smartest Places on Earth: Why Rustbelts Are the Emerging Hotspots of Global Innovation

William J. Poorvu Author Of The Real Estate Game: The Intelligent Guide to Decisionmaking and Investment

From my list on real estate and wealth-building.

Why am I passionate about this?

Bill Poorvu is a successful real estate investor and developer who for 35 years headed the real estate program at Harvard Business School, where he taught several generations of students, many of whom went on to become industry leaders. He is also one of the founders of the Baupost Group, a Boston-based investment firm that is considered one of the savviest hedge funds in the world, with some $30 billion in assets under management.

William's book list on real estate and wealth-building

William J. Poorvu Why did William love this book?

So where are you going to invest and develop? Antoine Von Agtmael offers a very interesting analysis, in this regard. He points to the advantages of investing in certain kinds of smaller cities, including those with good community colleges, ample affordable housing, a welcoming political environment, and no shortage of abandoned factory buildings that can be easily converted for high-tech uses. This isn’t the only great contemporary context for investment, of course, but it’s a good one to study and understand.

By Antoine van Agtmael, Fred Bakker,

Why should I read it?

1 author picked The Smartest Places on Earth as one of their favorite books, and they share why you should read it.

What is this book about?

Antoine van Agtmael coined the term "emerging markets" and built a career and a multibillion-dollar investing firm centered on these surging economies that would, over time, supplant the West as engines of wealth and prosperity. The trend held for decades, but a few years ago van Agtmael and Alfred Bakker, a renowned European journalist, began seeing signs that the tide might be turning. For example, during a visit to an enormously successful chip company in Taiwan, the company's leaders told them that their American competitors were now eating their lunch. And Taiwan was not the only place giving them this…


Book cover of Professional Real Estate Development: The Uli Guide to the Business

William J. Poorvu Author Of The Real Estate Game: The Intelligent Guide to Decisionmaking and Investment

From my list on real estate and wealth-building.

Why am I passionate about this?

Bill Poorvu is a successful real estate investor and developer who for 35 years headed the real estate program at Harvard Business School, where he taught several generations of students, many of whom went on to become industry leaders. He is also one of the founders of the Baupost Group, a Boston-based investment firm that is considered one of the savviest hedge funds in the world, with some $30 billion in assets under management.

William's book list on real estate and wealth-building

William J. Poorvu Why did William love this book?

This is an Urban Land Institute publication by lead author Rick Peiser—a longtime Harvard University Graduate School of Design faculty member—and a large group of additional contributors. PRED is especially useful for those taking management or developmental roles in the commercial real estate industry. It’s systematic, comprehensive, and logically organized. It’s also expensive, but then again, it’s 400 pages long. Spring for the hardcover edition—easier to work with, and well worth the investment. 

By Richard B. Peiser, David Hamilton,

Why should I read it?

1 author picked Professional Real Estate Development as one of their favorite books, and they share why you should read it.

What is this book about?

This basic primer covers the nuts and bolts of developing all types of real estate, including multifamily, office, retail, and industrial projects. Thoroughly updated, this new edition includes numerous case studies of actual projects as well as small-scale examples that are ideal for anyone new to real estate development.


Book cover of Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

William J. Poorvu Author Of The Real Estate Game: The Intelligent Guide to Decisionmaking and Investment

From my list on real estate and wealth-building.

Why am I passionate about this?

Bill Poorvu is a successful real estate investor and developer who for 35 years headed the real estate program at Harvard Business School, where he taught several generations of students, many of whom went on to become industry leaders. He is also one of the founders of the Baupost Group, a Boston-based investment firm that is considered one of the savviest hedge funds in the world, with some $30 billion in assets under management.

William's book list on real estate and wealth-building

William J. Poorvu Why did William love this book?

If you are now in a position to invest your money broadly. Margin of Safety presents legendary investor Seth's Klarman's views on risk-adjusted investments in several asset classes, including real estate. He focuses on understanding the underlying values of a specific opportunity, and his consistent emphasis on taking the longer-term view is especially relevant to the property world. Now I will frustrate you by reporting that MOS is long out of print, and the used copies that are available online are...very, very expensive. If you can’t find it or afford it, look for Seth’s interviews on YouTube, and a short but interesting New Yorker interview.

By Seth A. Klarman,

Why should I read it?

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

What is this book about?

Investors are all too often lured by the prospect of instant millions and fall prey to the many fads of Wall Street. The myriad approaches they adopt offer little or no real prospect for long-term success and invariably run the risk of considerable economic loss - they resemble speculation or outright gambling, not a coherent investment program. But value investing - the strategy of investing in securities trading at an appreciable discount from underlying value - has a long history - has a long history of delivering excellent investment results with limited downside risk. Taking its title from Benjamin Graham's…


Book cover of A Culture of Growth: The Origins of the Modern Economy

Alex Mesoudi Author Of Cultural Evolution: How Darwinian Theory Can Explain Human Culture and Synthesize the Social Sciences

From my list on cultural evolution.

Why am I passionate about this?

I am Professor of Cultural Evolution at the University of Exeter, UK. In my research I use lab experiments and theoretical models to understand how human culture evolves. Since my undergraduate psychology degree I have always been attracted to big ideas about how evolution has shaped human minds. Yet evolutionary psychology, with its stone age brains frozen in time, seemed unsatisfying. This led me to cultural evolution, with its grand idea that the same evolutionary process underlies both genetic and cultural change. Humans are not just products of countless generations of genetic evolution, but also of cultural evolution. This view of humanity is grander than any other I’ve come across.

Alex's book list on cultural evolution

Alex Mesoudi Why did Alex love this book?

I’ve included this book to illustrate how the perspective of cultural evolution is spreading to disciplines and problems far beyond its origins in biology and anthropology. In this case the discipline is economic history and the problem is explaining why the Enlightenment, which paved the way for the rapid technological and economic transformations brought about by the subsequent Industrial Revolution, occurred when it did (1500-1700) and where it did (Western Europe). Mokyr’s answer draws on cultural evolutionary concepts to argue that a culturally transmitted mindset of innovation and progress, as well as the intense competition of ideas within a politically fragmented Europe, led to rapid scientific advances. Essential reading for anyone interested in the origins of the modern world.

By Joel Mokyr,

Why should I read it?

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

What is this book about?

Why Enlightenment culture sparked the Industrial Revolution

During the late eighteenth century, innovations in Europe triggered the Industrial Revolution and the sustained economic progress that spread across the globe. While much has been made of the details of the Industrial Revolution, what remains a mystery is why it took place at all. Why did this revolution begin in the West and not elsewhere, and why did it continue, leading to today's unprecedented prosperity? In this groundbreaking book, celebrated economic historian Joel Mokyr argues that a culture of growth specific to early modern Europe and the European Enlightenment laid the foundations…


Book cover of Encountering Development: The Making and Unmaking of the Third World

Tanya Jakimow Author Of Susceptibility in Development: Micropolitics of Local Development in India and Indonesia

From my list on anthropology of development.

Why am I passionate about this?

I am an anthropologist of development who has conducted ethnographic research in India, Indonesia, and more recently, Australia. Throughout my career I have grappled with questions of how power works in development, particularly in and through processes of self-making. I seek new theoretical tools to examine these questions, but always grounded in the realities of the everyday. I came of age when post-development critiques were dominant, but both my idealism and cynicism have been tempered by working alongside local development actors. In my work I try to give readers a sympathetic portrait of their lives, beliefs, and hopes, and how these shape practices, relationships, and consequences of ‘development’. 

Tanya's book list on anthropology of development

Tanya Jakimow Why did Tanya love this book?

This book changed everything I thought I knew about development.

It makes the compelling case that the project of international development creates the condition of ‘underdevelopment’.

Drawing on key thinkers of the time, Edward Said and Michel Foucault, Escobar shows how development as a domain of thought and action produces the ‘third world’ as a site for intervention by former colonial powers, thereby continuing the imperial project.

As someone familiar with local development, I (and others), don’t share his faith in grassroots organisations as a solution, but find his analytical tools critical in interrogating how they work.

And as a bonus, Escobar offers a pointy critique of anthropologists’ complicity in development as an imperial project. 

By Arturo Escobar,

Why should I read it?

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

What is this book about?

How did the industrialized nations of North America and Europe come to be seen as the appropriate models for post-World War II societies in Asia, Africa, and Latin America? How did the postwar discourse on development actually create the so-called Third World? And what will happen when development ideology collapses? To answer these questions, Arturo Escobar shows how development policies became mechanisms of control that were just as pervasive and effective as their colonial counterparts. The development apparatus generated categories powerful enough to shape the thinking even of its occasional critics while poverty and hunger became widespread. "Development" was not…


Book cover of Pillars of Prosperity: The Political Economics of Development Clusters

Lodewijk Smets Author Of Retooling Development Aid in the 21st Century: The Importance of Budget Support

From my list on economic growth and international development.

Why am I passionate about this?

As Nobel prize-winning economist Robert Lucas put it, "Once you start thinking about economic growth, it's hard to think about anything else." That's why I am eager to share the best books on economic development with you! I am a Senior Economist at the World Bank, the world's premier development institution. Over the years, I have developed a deep interest in what makes countries prosper, have published extensively on the topic in academic journals, and earned a PhD in Economics along the way. As a development practitioner, I have been supporting sustainable growth across the globe, with working experience in the Caribbean, Africa, and the Pacific. 

Lodewijk's book list on economic growth and international development

Lodewijk Smets Why did Lodewijk love this book?

I found this book to be a brilliant analysis of how nations can achieve peace and development, stressing the importance of political institutions.

With mathematical precision, quite literally, the book nicely illustrates the fundamental drivers of development: inclusive political institutions and a shared belief in the common good. The absence of those elements can explain the existence of very different development clusters in fragile states that are troubled by poverty, violence, and weak state capacity.

I feel the book does an excellent job of disentangling deeper causes from symptoms of underdevelopment.

By Timothy Besley, Torsten Persson,

Why should I read it?

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

What is this book about?

"Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters - places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes.…


Book cover of The Will to Improve: Governmentality, Development, and the Practice of Politics

Tanya Jakimow Author Of Susceptibility in Development: Micropolitics of Local Development in India and Indonesia

From my list on anthropology of development.

Why am I passionate about this?

I am an anthropologist of development who has conducted ethnographic research in India, Indonesia, and more recently, Australia. Throughout my career I have grappled with questions of how power works in development, particularly in and through processes of self-making. I seek new theoretical tools to examine these questions, but always grounded in the realities of the everyday. I came of age when post-development critiques were dominant, but both my idealism and cynicism have been tempered by working alongside local development actors. In my work I try to give readers a sympathetic portrait of their lives, beliefs, and hopes, and how these shape practices, relationships, and consequences of ‘development’. 

Tanya's book list on anthropology of development

Tanya Jakimow Why did Tanya love this book?

The Will to Improve is most celebrated for its explanation of ‘rendering technical’: the ways complex, political factors contributing to poverty are reduced to those amenable to technical intervention.

But I have found Tania Li’s concept of ‘trustee’ the most useful in my work on local development actors: understanding how they come to take on the role of trustee, their desire to ‘improve’ others, and the prickly subjects that resist their efforts.

Li traces the ‘will to improve’ through 200 years of Indonesian history, but it is most powerfully elucidated through her rich ethnographic description from the province of Sulawesi.

Her analysis weaves together Marx, Foucault, and Gramsci, showing how theory can illuminate description. It is a masterclass in storytelling and the power of theory. 

By Tania Murray Li,

Why should I read it?

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

What is this book about?

The Will to Improve is a remarkable account of development in action. Focusing on attempts to improve landscapes and livelihoods in Indonesia, Tania Murray Li carefully exposes the practices that enable experts to diagnose problems and devise interventions, and the agency of people whose conduct is targeted for reform. Deftly integrating theory, ethnography, and history, she illuminates the work of colonial officials and missionaries; specialists in agriculture, hygiene, and credit; and political activists with their own schemes for guiding villagers toward better ways of life. She examines donor-funded initiatives that seek to integrate conservation with development through the participation of…


Book cover of Why Australia Prospered: The Shifting Sources of Economic Growth

Tim Harcourt Author Of The Airport Economist Flies Again!

From my list on the world on economic and social history.

Why am I passionate about this?

As host of the Airport Economist TV series I have been to around 60 countries in 5 years and I have always been fascinated by what makes each place tick. I have been curious as to why some countries succeed and others fail, how do businesses operate there and how do the people fare when it comes to elections. I am interested in how egalitarian the place is, how rich are the rich, how do the poor do, is life improving. I am also interested in sport and popular culture and how important it is to the local populace.  

Tim's book list on the world on economic and social history

Tim Harcourt Why did Tim love this book?

This is the best book written on Australian economic history.

How did a convict colony become one of the world’s most prosperous economies and successful democratic societies in just 200 years? McLean takes us methodically through the evidence with a compelling narrative dispelling popular myths along the way.

A good read alongside Why Nations Fail.

By Ian W. McLean,

Why should I read it?

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

What is this book about?

This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present. Why Australia Prospered is a fascinating historical examination of how Australia cultivated and sustained economic growth and success. Beginning with the Aboriginal economy at the end of the eighteenth century, Ian McLean argues that Australia's remarkable prosperity across nearly two centuries was reached and maintained by several shifting factors. These included imperial policies, favorable demographic characteristics, natural resource abundance, institutional adaptability and innovation,…


Book cover of Humanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century

Andreas Ortmann and Benoit Walraevens Author Of Adam Smith's System: A Re-Interpretation Inspired by Smith's Lectures on Rhetoric, Game Theory, and Conjectural History

From my list on the Adam and smith of modern economics.

Why are we passionate about this?

 AO: I have been intrigued by the Adam and smith (a play on Adam Smith’s name due to K. Boulding) of social sciences ever since, as a graduate student, I was given the privilege to teach a history-of-thought course. I found a lot of wisdom in Smith’s works and continue to find it with every new read. BW: I first met Adam Smith when I was studying for my master’s degree in economics almost twenty years ago. Since then, I have enjoyed rereading him, always finding new sources of fascination and insights. For me, Smith's work is endlessly rich and remains astonishingly topical, three centuries after his birth. 

Andreas and Benoit's book list on the Adam and smith of modern economics

Andreas Ortmann and Benoit Walraevens Why did Andreas and Benoit love this book?

Smith is generally considered as the father of economics, laying its foundations in the eighteenth century.

But he can also be an inspiration for rethinking economics (providing more realistic assumptions about human conduct) and laboratory experiments in the twenty-first century, helping us to build a new “Humanomics” (see also McCloskey’s two books on this subject). That’s what Vernon Smith (Nobel Prize in Economics in 2002) and Bart Wilson convincingly argue for in their uncommon and innovative book. Smith is still alive (and well alive) today. 

By Vernon L. Smith, Bart J. Wilson,

Why should I read it?

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

What is this book about?

While neo-classical analysis works well for studying impersonal exchange in markets, it fails to explain why people conduct themselves the way they do in their personal relationships with family, neighbors, and friends. In Humanomics, Nobel Prize-winning economist Vernon L. Smith and his long-time co-author Bart J. Wilson bring their study of economics full circle by returning to the founder of modern economics, Adam Smith. Sometime in the last 250 years, economists lost sight of the full range of human feeling, thinking, and knowing in everyday life. Smith and Wilson show how Adam Smith's model of sociality can re-humanize twenty-first century…


Book cover of The World That Latin America Created: The United Nations Economic Commission for Latin America in the Development Era

Carlos Eduardo Suprinyak Author Of The Political Economy of Latin American Independence

From my list on the history of political economy in Latin America.

Why am I passionate about this?

I’m a Brazilian economist working in Paris and dedicated to historical scholarship. I have always been deeply impressed by the political weight carried by economic arguments across Latin America. Debates on economic policy are typically contentious everywhere, but in Latin America, your alignment with different traditions of political economy can go a long way to determine your intellectual and political identity. At the same time, our condition as peripheral societies – and hence net importers of ideas from abroad – raises perennial questions about the meaning of a truly Latin American political economy. I hope this list will be a useful entry point for people similarly interested in these problems.

Carlos' book list on the history of political economy in Latin America

Carlos Eduardo Suprinyak Why did Carlos love this book?

The most recent entry on my list is already a landmark achievement.

Margarita Fajardo’s authoritative monograph places the UN’s Economic Commission for Latin America – the incubator for the cepalinos who successfully challenged the postwar consensus on developmental policy – into the broader geopolitical history of the 20th century. This richly detailed study retraces the emergence of an intellectual and political movement that channeled discontent with the structural biases inherent in the global economic order into a cogent agenda of political economy for the peripheries of capitalism.

It also reveals how the fragmentation of the fragile postwar liberal consensus, in both North and South, eventually pushed this movement toward the high-powered framework of dependency theory, and thence into anti-establishment activism across the world.

By Margarita Fajardo,

Why should I read it?

1 author picked The World That Latin America Created as one of their favorite books, and they share why you should read it.

What is this book about?

How a group of intellectuals and policymakers transformed development economics and gave Latin America a new position in the world.

After the Second World War demolished the old order, a group of economists and policymakers from across Latin America imagined a new global economy and launched an intellectual movement that would eventually capture the world. They charged that the systems of trade and finance that bound the world's nations together were frustrating the economic prospects of Latin America and other regions of the world. Through the UN Economic Commission for Latin America, or CEPAL, the Spanish and Portuguese acronym, cepalinos…


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