100 books like Risky Business

By Liran Einav, Amy Finkelstein, Ray Fisman

Here are 100 books that Risky Business fans have personally recommended if you like Risky Business. 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 Who Shall Live? Health, Economics And Social Choice

Joseph P. Newhouse Author Of Pricing the Priceless: A Health Care Conundrum

From my list on the economics and history of American health insurance.

Why am I passionate about this?

My mother wanted me to be a physician, but as a child I was very squeamish about human biology and knew that wasn't for me. In college I was exposed to economics and found it, and the policy debates about national health insurance, fascinating. So, maybe with my mother’s wishes in the back of my mind, I became a health economist. I was privileged to direct a large randomized trial called the RAND Health Insurance Experiment, which varied the cost of medical care to families. This project lasted more than a decade and got me so deep into the economics of health and medical care that I became a professor of health policy and management.


Joseph's book list on the economics and history of American health insurance

Joseph P. Newhouse Why did Joseph love this book?

Eminently readable, this is a classic book by the doyen of American health economics that explains in non-technical terms the economics of health and medical care. It has been updated with several essays that Fuchs has published in the almost five decades since the book was first published.  

By Victor R Fuchs,

Why should I read it?

1 author picked Who Shall Live? Health, Economics And Social Choice as one of their favorite books, and they share why you should read it.

What is this book about?

Since the first edition of Who Shall Live? (1974), over 100,000 students, teachers, physicians, and general readers from more than a dozen fields have found this book to be a reader-friendly, authoritative introduction to economic concepts applied to health and medical care.Health care is by far the largest industry in the United States. It is three times larger than education and five times as large as national defense. In 2001, Americans spent over $12,500 per person for hospitals, physicians, drugs and other health care services and goods. Other high-income democracies spend one third less, enjoy three more years of life…


Book cover of The Social Transformation of American Medicine: The Rise of a Sovereign Profession and the Making of a Vast Industry

Joseph P. Newhouse Author Of Pricing the Priceless: A Health Care Conundrum

From my list on the economics and history of American health insurance.

Why am I passionate about this?

My mother wanted me to be a physician, but as a child I was very squeamish about human biology and knew that wasn't for me. In college I was exposed to economics and found it, and the policy debates about national health insurance, fascinating. So, maybe with my mother’s wishes in the back of my mind, I became a health economist. I was privileged to direct a large randomized trial called the RAND Health Insurance Experiment, which varied the cost of medical care to families. This project lasted more than a decade and got me so deep into the economics of health and medical care that I became a professor of health policy and management.


Joseph's book list on the economics and history of American health insurance

Joseph P. Newhouse Why did Joseph love this book?

Another classic book that describes the history of American medicine and organized medicine’s interactions with the political process. 

It is necessary background to understand the predominance of employment-based health insurance and why the 2010 Affordable Care Act was such a breakthrough. Starr is a Princeton sociologist who participated in the 1990s debate on the failed Clinton health insurance plan.

By Paul Starr,

Why should I read it?

1 author picked The Social Transformation of American Medicine as one of their favorite books, and they share why you should read it.

What is this book about?

Winner of the Pulitzer Prize and the Bancroft Prize in American History, The Social Transformation of American Medicine is a landmark history of the American health care system, examining how the roles of doctors, hospitals, health plans, and government programs has evolved over the last two centuries. Beginning in 1730 and coming up to the present day, renowned sociologist Paul Starr traces the transformation of our national health care system into a private corporate medical institution that dominates the field and threatens the sovereignty of the medical profession. In this new and revised edition, Paul Starr will bring his research…


Book cover of The Heart of Power: Health and Politics in the Oval Office

Joseph P. Newhouse Author Of Pricing the Priceless: A Health Care Conundrum

From my list on the economics and history of American health insurance.

Why am I passionate about this?

My mother wanted me to be a physician, but as a child I was very squeamish about human biology and knew that wasn't for me. In college I was exposed to economics and found it, and the policy debates about national health insurance, fascinating. So, maybe with my mother’s wishes in the back of my mind, I became a health economist. I was privileged to direct a large randomized trial called the RAND Health Insurance Experiment, which varied the cost of medical care to families. This project lasted more than a decade and got me so deep into the economics of health and medical care that I became a professor of health policy and management.


Joseph's book list on the economics and history of American health insurance

Joseph P. Newhouse Why did Joseph love this book?

In individual chapters, this book describes every American President’s approach to health policy from Franklin D. Roosevelt to George W. Bush (it omits Gerald Ford). 

It describes their personal and familial interactions with health and medical care as well as their foibles and habits. It is a fascinating read, especially for those of an age who personally lived through some of these Presidents.

By David Blumenthal, James Morone,

Why should I read it?

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

What is this book about?

Even the most powerful men in the world are human - they get sick, take dubious drugs, drink too much, contemplate suicide, fret about ailing parents, and bury people they love. Young Richard Nixon watched two brothers die of tuberculosis, even while doctors monitored a suspicious shadow on his own lungs. John Kennedy received last rites four times as an adult, and Lyndon Johnson suffered a 'belly buster' of a heart attack. David Blumenthal and James A. Morone explore how modern presidents have wrestled with their own mortality - and how they have taken this most human experience to heart…


Book cover of The Quality Cure: How Focusing on Health Care Quality Can Save Your Life and Lower Spending Too

Joseph P. Newhouse Author Of Pricing the Priceless: A Health Care Conundrum

From my list on the economics and history of American health insurance.

Why am I passionate about this?

My mother wanted me to be a physician, but as a child I was very squeamish about human biology and knew that wasn't for me. In college I was exposed to economics and found it, and the policy debates about national health insurance, fascinating. So, maybe with my mother’s wishes in the back of my mind, I became a health economist. I was privileged to direct a large randomized trial called the RAND Health Insurance Experiment, which varied the cost of medical care to families. This project lasted more than a decade and got me so deep into the economics of health and medical care that I became a professor of health policy and management.


Joseph's book list on the economics and history of American health insurance

Joseph P. Newhouse Why did Joseph love this book?

Almost all Americans think the high cost of health care is a major problem and a large number think access to services is also a problem. 

Many, however, think that if a person has access to medical care and good insurance, quality of care is excellent. That’s sometimes true, but often not as this book describes.

By David Cutler,

Why should I read it?

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

What is this book about?

In the United States, the soaring cost of health care has become an economic drag and a political flashpoint. Moreover, although the country's medical spending is higher than that of any other nation, health outcomes are no better than elsewhere, and in some cases are even worse. In The Quality Cure, renowned health care economist and former Obama advisor David Cutler offers an accessible and incisive account of the issues and their causes, as well as a road map for the future of health care reform--one that shows how information technology, realigned payment systems, and value-focused organizations together have the…


Book cover of The Billionaire's Secret Marriage

Laura Wolf Author Of The Billionaire's Regret

From my list on sweet romances to make you swoon.

Why am I passionate about this?

Known for my sweet billionaire romance novels, I am a purveyor of book boyfriends and happy endings. I absolutely love romance stories as you know exactly what you’re in for when you pick them up. You know there will be a Happily Ever After no matter how dire things get at any given point in the story so you can really just sit back and enjoy the ride. As an author I always write epilogues and I’ve built up a growing universe where characters pop in and out of each other’s books. It’s my happy place and as an author I love sharing that world with others.

Laura's book list on sweet romances to make you swoon

Laura Wolf Why did Laura love this book?

I found this entire series a refreshing and original set of Billionaire trope romances, as each of the heroes lives with a permanent disability. One really important thing I think Tamie does really well with her books is that they don’t come across as shallow or exoticized – the characters are never magically healed for their happily ever afters – they have their challenges and it makes them who they are, but they don’t need those things to be fixed to be happy and whole. She has a lot of personal insight into this as well, as she covers in her Author’s Note that she wrote these books out of a personal desire to bring representation to this community out of love for her grandson who also – like Bran – happens to be blind.

By Tamie Dearen,

Why should I read it?

1 author picked The Billionaire's Secret Marriage as one of their favorite books, and they share why you should read it.

What is this book about?

Stephanie Caldwell fell in love with her boss, but he's too clueless to notice. And being blind is no excuse!

Steph doesn’t care that Bran is blind—at least he’ll never see the longing looks she gives him. If only she could warn him about the lack of love on his conniving fiancée’s face. But Steph has to keep her mouth shut, or she could lose her job, along with the health insurance that keeps her daughter alive.

Billionaire Branson Knight knows women regard him as a pitiful blind man, his wealth his only attraction. So his engagement is merely a…


Book cover of Never Pay the First Bill: And Other Ways to Fight the Health Care System and Win

Hunter N. Schultz Author Of Expat Health Guide: Five steps to securing outstanding expat healthcare

From my list on being an expat taught me to loathe America’s healthcare.

Why am I passionate about this?

Born and raised in the Chicago area, I worked in the automotive industry as a car salesperson and racing team manager, financial services as a Registered Representative, and a member of the Chicago Board Options Exchange. An expat in Panama since 2004, I worked in business development for several healthcare products and co-founded an air medical transport service. Over the last decade, I’ve represented two businesses delivering protective medical care to high-net-worth individuals where I learned care’s gold standard from former White House physicians. My research included the books I recommend here and inspired me to write the Expat Health Guide for current and future expats. 

Hunter's book list on being an expat taught me to loathe America’s healthcare

Hunter N. Schultz Why did Hunter love this book?

Ever hear of MLR or Medical Loss Ratio? I had, but it didn’t click why it was a cruel joke on American healthcare consumers until I read Marshall’s book. His give a kid a bowl of ice cream analogy is so spot on that I asked for and received his permission to quote it in my book. My dad used to say that a sure sign of genius is making a complex subject understandable to an eighth grader. Marshall’s a genius. His insights stem from over 15 years of investigative reporting on the healthcare industry are critical to combatting a downright evil billing system. Whenever a friend mentions they’ve been in the hospital, or will be, I tell them to read this book. 

By Marshall Allen,

Why should I read it?

1 author picked Never Pay the First Bill as one of their favorite books, and they share why you should read it.

What is this book about?

From award-winning ProPublica reporter Marshall Allen, a primer for anyone who wants to fight the predatory health care system--and win.

Every year, millions of Americans are overcharged and underserved while the health care industry makes record profits. We know something is wrong, but the layers of bureaucracy designed to discourage complaints make pushing back seem impossible. At least, this is what the health care power players want you to think.

Never Pay the First Bill is the guerilla guide to health care the American people and employers need. Drawing on 15 years of investigating the health care industry, reporter Marshall…


Book cover of Life After Deaf: My Misadventures in Hearing Loss and Recovery

Claudia Marseille Author Of But You Look So Normal: Lost and Found in a Hearing World

From my list on living with a severe hearing loss.

Why am I passionate about this?

I’ve had a severe hearing loss since birth and grew up dependent on lipreading and hearing aids. I’ve witnessed profound change in technology, from the large primitive hearing aid I had as a child, to digital and assistive listening technologies and the availability of cochlear implants. I’ve painfully navigated my way through public schools, and later at jobs, with an invisible disability. Today I am grateful for connectivity to the phone, captioning for movies and Zoom which enables me to lipread! I finally found my way to a life of creativity as a painter and writer. 

Claudia's book list on living with a severe hearing loss

Claudia Marseille Why did Claudia love this book?

Holston, a journalist and musician, went to bed one night and woke up the next morning virtually completely deaf.

His book is a fascinating account of how he clawed his way back to the hearing world through various misdiagnoses, a failed cochlear implant, and finally, after extensive rehabilitative therapy, a successful cochlear implant. I learned so much about the pros and cons and risks of cochlear implants, and how they have improved greatly over the years.

I loved the way he communicates his profound frustrations and fears through this painful process with a self-deprecating humor that makes the book, despite its serious subject matter, an entertaining as well as educational read.

By Noel Holston,

Why should I read it?

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

What is this book about?

From a renowned media critic to a man with sudden and full hearing loss, Noel Holston ran the gauntlet of diagnoses, health insurance, and cochlear implant surgery. On a spring night in 2010, Noel Holston, a journalist, songwriter, and storyteller, went to bed with reasonably intact hearing. By dawn, it was gone, thus beginning a long process of h


Book cover of An Outline of the History of Economic Thought

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?

I enjoyed reading this book as it provided a deep, and engaging overview of economic theory.

The authors manage to strike a balance between providing a high-level theoretical discussion and making the content accessible to a wider audience. One thing that stood out to me was the authors' emphasis on the diversity of the various schools of economic thought.

In their work, they avoid the common pitfall of suggesting that the history of Economics has “ended”, and instead observe the evolution of economic theory over time. Also, I appreciate the fact that they do not believe that theories in fashion today necessarily provide an adequate explanation for the functioning of the economy.

Overall, I recommend this book to anyone interested in gaining insight into Economics’ controversial development.

By Ernesto Screpanti, Stefano Zamagni,

Why should I read it?

1 author picked An Outline of the History of Economic Thought as one of their favorite books, and they share why you should read it.

What is this book about?

This book provides a comprehensive and analytical overview of the development of economic theory from its beginnings, at the end of the Middle Ages, up to contemporary contributions. Traditional theories are presented as living matter, and modern theories are presented as part of a historical process and not as established truths. In this way, the book avoids the dangerous dichotomy between pure historians of thought who dedicate themselves exclusively to studying
facts, and pure theorists who are interested in the evolution of the logical structure of theories.

The second edition contains several changes and additions. The authors give due consideration…


Book cover of Better Living Through Economics

Paul Grimes Author Of Economics of Social Issues

From my list on how economics shapes our world and your life.

Why am I passionate about this?

My passion for economics began during my first semester of college when I enrolled in a principles of macroeconomics course only because the professor was my father’s friend. The power of economic reasoning to explain the world around me has held my fascination every since. After graduate school, my interests turned to encourage others to use the economic way of thinking to better their lives. My life as an economic educator spans more than 40 years, having taught thousands of college students across several universities, from first-semester freshmen to matriculating doctoral candidates. My work has taken me around the world and back to my undergraduate alma mater in Pittsburg, Kansas.

Paul's book list on how economics shapes our world and your life

Paul Grimes Why did Paul love this book?

Even a professional economist is likely to find something surprising in this book. 

Editor John Siegfried has collected a dozen essays written by notable and award-winning economists explaining how economic research has improved our lives over the past two generations. Several of these essays do not focus on obvious examples but rather on those that are a step or two removed from what many laypersons would consider the domain of economics.

For example, Alvin Roth’s chapter on “deferred-acceptance theory” describes how economics improved the efficiency of educating doctors by better matching prospective medical residents with training hospitals. 

Other chapters explore how economic research helped eliminate the military draft and replace it with an all-volunteer armed service, how economists shaped the welfare-to-work reforms of the 1990s, and the impact of economic research on the allocation of the radio spectrum which was necessary to establish our modern cell phone networks.

By John J. Siegfried (editor),

Why should I read it?

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

What is this book about?

"Better Living Through Economics" consists of twelve case studies that demonstrate how economic research has improved economic and social conditions over the past half century by influencing public policy decisions. Economists were obviously instrumental in revising the consumer price index and in devising auctions for allocating spectrum rights to cell phone providers in the 1990s. But perhaps more surprisingly, economists built the foundation for eliminating the military draft in favor of an all-volunteer army in 1973, for passing the Earned Income Tax Credit in 1975, for deregulating airlines in 1978, for adopting the welfare-to-work reforms during the Clinton administration, and…


Book cover of Moneyless Society: The Next Economic Evolution

Blaine Stewart Author Of Hourglass Socioeconomics: Vol. 1, Principles & Fundamentals

From my list on reads that are almost economics.

Why am I passionate about this?

I'm addicted to discovering what lies within the unknown. The biggest mystery, I believe, that baffles us today is not necessarily what lies at the edge of the universe but what lives within this one here. I enjoy attempting to solve large problems and if I can’t compute a result at least understand what the problem suggests. In the realm of the unknown, I'm an expert of nothing. In hours of research and reading and writing, one comes to a point in their process of learning with the realization that it does not matter how much one learns, there will always be that much more, logarithmically multiplied exponentially by the rate of acceleration, to learn.

Blaine's book list on reads that are almost economics

Blaine Stewart Why did Blaine love this book?

Moneyless Society, conceptually, is a curious read. Tracking how money affects us all and its presence as a centralized decay against society is another curious concept. I enjoyed reading Moneyless Society for the context of why change needs to be made. Surrounded by the author’s intent in publication is a group of individuals committed to making change. I may quote in my own volumes that money is necessary as a tool but that does not mean you can’t argue otherwise. Moneyless Society is a great feel-good economic story through history into potential change.

By Matthew Holten,

Why should I read it?

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

What is this book about?

IT'S TIME FOR AN ECONOMIC EVOLUTION.The evidence is all around us: Humans are squandering natural resources and destroying the environment. There is no real debate about climate change. And with an ever-widening wealth gap, inequality is destabilizing many regions and worsening famine, disease, and civil unrest.

We must change, fast - and yet we hesitate.

Moneyless Society: The Next Economic Evolution explores how capitalism throttles Earth's capacity to sustain life and undermines our deep longing to live in peace and prosperity. Fortunately, it also provides a blueprint to innovative thinking and new structures to replace our outmoded monetary system. In…


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