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 10,000+ 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 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 The Role of Measurement in Economics

Alex M. Thomas Author Of Macroeconomics: An Introduction

From my list on becoming a critical economist.

Why am I passionate about this?

I am passionate about the dissemination of economic ideas both inside and outside university spaces. In addition to classroom lectures at my university, I give a lot of public lectures on economics. Through these talks, I introduce the audience to the tradition of doing economics using a critical perspective. I have an MA and MPhil in Economics from the University of Hyderabad and a PhD in Economics from the University of Sydney.

Alex's book list on becoming a critical economist

Alex M. Thomas Why did Alex love this book?

Today, economics is synonymous with measurement.

This book on measurement in economics was published in 1951. Stone discusses the link between theory and empirics in this book.

I like this slim book of Stone’s because it shows the strengths and weakness of empirical exercises in economics. It also raises foundational questions regarding empirical constructs.

Books like this allow us to ask foundational questions regarding the links between theory and empirics in economics as well as theory and applications in statistics.

By Richard Stone,

Why should I read it?

1 author picked The Role of Measurement in Economics as one of their favorite books, and they share why you should read it.

What is this book about?

First published in 1951, and originally delivered as the Newmarch Lectures for 1948-9, this book examines the role of measurement in obtaining and applying economic knowledge. Esteemed economist Richard Stone, who went on to win the Nobel Prize in Economics, divides his topic into four sections: questions of fact and empirical constructs; the truth or falsity of a hypothesis; the estimation of parameters; and questions of prediction. This book will be of value to anyone with an interest in economics and the development of the discipline.


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