Fans pick 100 books like The Economics of Blockchain Consensus

By Joshua Gans,

Here are 100 books that The Economics of Blockchain Consensus fans have personally recommended if you like The Economics of Blockchain Consensus. Shepherd is a community of 12,000+ authors and super readers sharing their favorite books with the world.

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Book cover of Prediction Machines: The Simple Economics of Artificial Intelligence

Richard Holden Author Of Money in the Twenty-First Century: Cheap, Mobile, and Digital

From my list on books about the digital economy.

Why am I passionate about this?

I’m an economics professor, but I also have a column in Australia’s leading financial newspaper so I really appreciate authors who can tackle complex topics in an accessible manner. I’m also both extremely interested in and do academic research on topics to do with technologies like two-sided platforms, cryptocurrencies, blockchain, and artificial intelligence. All these books made me think harder about the big issues in these areas, and how to combine rigorous research with what is actually happening—often at breakneck speed—in the real-world digital economy.

Richard's book list on books about the digital economy

Richard Holden Why did Richard love this book?

This book helped me understand why advances in artificial intelligence are going to have a big impact on productivity and economic growth. I loved the analogies to old technologies like electrification of factories, and newer examples like how Team New Zealand used simulations to change racing tactics and boat design.

The book has an important, big idea at its heart. That idea is that AI helps organizations make better predications, and those better predictions allow organizations to be fundamentally redesigned to take advantage of this. This is where the AI productivity revolution comes from.

By Ajay Agrawal, Joshua Gans, Avi Goldfarb

Why should I read it?

3 authors picked Prediction Machines as one of their favorite books, and they share why you should read it.

What is this book about?

"What does AI mean for your business? Read this book to find out." -- Hal Varian, Chief Economist, Google Artificial intelligence does the seemingly impossible, magically bringing machines to life--driving cars, trading stocks, and teaching children. But facing the sea change that AI will bring can be paralyzing. How should companies set strategies, governments design policies, and people plan their lives for a world so different from what we know? In the face of such uncertainty, many analysts either cower in fear or predict an impossibly sunny future.

But in Prediction Machines, three eminent economists recast the rise of AI…


Book cover of Going Infinite: The Rise and Fall of a New Tycoon

Douglas Rushkoff Author Of Survival of the Richest: Escape Fantasies of the Tech Billionaires

From my list on understanding how tech billionaires think.

Why am I passionate about this?

I believed the Internet would be as colorful a cultural phenomenon as LSD. But before I was even able to convince people that something wonderful was on the horizon, big business swooped in and recontextualized the digital renaissance as a business revolution and the Silicon Valley mindset was born: Companies should grow exponentially forever! Any tech problem can be solved with more tech! Humans on Earth are just larvae–maggots–while wealthy tech bros will get to Mars or upload their minds to the cloud. This list of books is meant to show how these guys think and why they’re taking us in the wrong direction. 

Douglas' book list on understanding how tech billionaires think

Douglas Rushkoff Why did Douglas love this book?

This book is about the ultimate pyramid scheme, written largely from the perspective of someone who fell for it. Michael Lewis tells a story like nobody else. It is about Sam Bankman Fried, the crypto billionaire who is now in jail for defrauding everybody.

Only it was written before Fried was convicted, and some reviewers felt Lewis had himself been charmed and hoodwinked by Fried. But that’s precisely the reason I love this book: the author falls under the spell of a Silicon Valley accelerationist and techno-utopian.

We get to experience the logic of “effective altruism” and the cult of exponential growth from the inside rather than the cynicism of how it all turned out.

By Michael Lewis,

Why should I read it?

5 authors picked Going Infinite as one of their favorite books, and they share why you should read it.

What is this book about?

When Michael Lewis first met him, Sam Bankman-Fried was the world's youngest billionaire and crypto's Gatsby. CEOs, celebrities, and leaders of small countries all vied for his time and cash after he catapulted, practically overnight, onto the Forbes billionaire list. Who was this rumpled guy in cargo shorts and limp white socks, whose eyes twitched across Zoom meetings as he played video games on the side?

In Going Infinite Lewis sets out to answer this question, taking readers into the mind of Bankman-Fried, whose rise and fall offers an education in high-frequency trading, cryptocurrencies, philanthropy, bankruptcy, and the justice system.…


Book cover of The Everything Token: How NFTs and Web3 Will Transform the Way We Buy, Sell, and Create

Richard Holden Author Of Money in the Twenty-First Century: Cheap, Mobile, and Digital

From my list on books about the digital economy.

Why am I passionate about this?

I’m an economics professor, but I also have a column in Australia’s leading financial newspaper so I really appreciate authors who can tackle complex topics in an accessible manner. I’m also both extremely interested in and do academic research on topics to do with technologies like two-sided platforms, cryptocurrencies, blockchain, and artificial intelligence. All these books made me think harder about the big issues in these areas, and how to combine rigorous research with what is actually happening—often at breakneck speed—in the real-world digital economy.

Richard's book list on books about the digital economy

Richard Holden Why did Richard love this book?

Well, the author is a friend of mine but it’s also on a topic close to my own academic research interests. So it was kind of compulsory reading for me, but it might be the most enjoyable compulsory reading I’ve ever done.

I thought NFTs were just a gimmick to do with internet pictures. But the authors explain, with great examples, that NFTs are best thought of as a new technology for creating digital assets. And better still, providing the true owner with irrefutable proof of ownership of these digital assets.

What I took away was that NFTs are a new technology for tracking property rights. And since property rights have been fundamental to economic development for millennia, this is a topic one can’t afford not to understand.

By Steve Kaczynski, Scott Duke Kominers,

Why should I read it?

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

What is this book about?

NFTs cause excitement and skepticism. How much value can a token hold? What drives this value?

To properly appreciate NFTs we must first understand what they actually are, how they work and in what contexts they are used.

The Everything Token is an essential primer on NFTs (non-fungible tokens), explaining their use, purpose, and how businesses can create and exploit them to develop new product lines, building customer loyalty and increased revenues at the same time.

Together the authors have spent much of the past few years embedded in NFT communities and helping launch NFT products. As self-described beta testers…


Book cover of Read Write Own: Building the Next Era of the Internet

Richard Holden Author Of Money in the Twenty-First Century: Cheap, Mobile, and Digital

From my list on books about the digital economy.

Why am I passionate about this?

I’m an economics professor, but I also have a column in Australia’s leading financial newspaper so I really appreciate authors who can tackle complex topics in an accessible manner. I’m also both extremely interested in and do academic research on topics to do with technologies like two-sided platforms, cryptocurrencies, blockchain, and artificial intelligence. All these books made me think harder about the big issues in these areas, and how to combine rigorous research with what is actually happening—often at breakneck speed—in the real-world digital economy.

Richard's book list on books about the digital economy

Richard Holden Why did Richard love this book?

I first heard about this book on one of my favorite podcasts: Hard Fork. The author is a famous crypto investor at perhaps the world’s leading technology venture capital firm: a16z. The author got a hard time from the hosts, who are both pretty skeptical of crypto. But he handled it so well I knew I had to read the book.

Read Write Own is persuasive in cautioning against dismissing the entire crypto sector due to early failures. The examples used are great: like the Helium project—a kind of crowdsourced “people’s 5G network” that uses cryptocurrency payments as incentives. If you want to hear the “glass is half full” case for crypto, this is a must read.

By Chris Dixon,

Why should I read it?

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

What is this book about?

THE INSTANT NEW YORK TIMES BESTSELLER

'A compelling vision of where the internet should go and how to get there.' Sam Altman, CEO, OpenAI

_

A potent exploration of the power of blockchains to reshape the future of the internet - and how that affects us all - from technology entrepreneur and startup investor Chris Dixon.

The internet of today is a far cry from its early promise of a decentralized, democratic network of innovation, connection and freedom. In the past decade, it has fallen almost entirely under the control of a very small group of companies like Apple, Google,…


Book cover of Discover Your Inner Economist: Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Dentist

Why am I passionate about this?

I am an economics professor who believes my profession has important things to contribute to society but has done a poor job. My colleagues spend much of their time writing esoteric articles that 6 other academics will read, and one in a million will actually improve the lives of people. I consider myself a “blue-collar academic”; I am basically a farm kid (still live on a small farm) with a bunch of degrees attempting to bring good economic insights to more people so those ideas can be applied and used by real people living real lives so I am always on the search for others who are doing just that. 

Brian's book list on Economics books that will not bore you like the students in Ferris Bueller’s Day Off

Brian Baugus Why did Brian love this book?

So many people miss the fact that economics is a social science; it is about us as people, and I love this book because it does not forget that, indeed, it reminds me that everyone is an amateur practicing economist.

I like this book because it applies economics to every day and not-so-everyday situations and explains how people can use economic ideas to practically make their lives better. It is one of the few books I have read that has changed a common activity I do: what I order at a restaurant.

By Tyler Cowen,

Why should I read it?

1 author picked Discover Your Inner Economist as one of their favorite books, and they share why you should read it.

What is this book about?

Read Tyler Cowen's posts on the Penguin Blog.

In Discover Your Inner Economist one of America’s most respected economists presents a quirky, incisive romp through everyday life that reveals how you can turn economic reasoning to your advantage—often when you least expect it to be relevant.

Like no other economist, Tyler Cowen shows how economic notions--such as incentives, signals, and markets--apply far more widely than merely to the decisions of social planners, governments, and big business. What does economic theory say about ordering from a menu? Or attracting the right mate? Or controlling people who talk too much in meetings?…


Book cover of Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist

Carissa Carter and Scott Doorley Author Of Assembling Tomorrow: A Guide to Designing a Thriving Future from the Stanford d.school

From my list on help you design a better future.

Why are we passionate about this?

We are the academic and creative directors at the Stanford d.school. Our students study design, but they really hope to navigate a world of unknowns and make their way to a better future. We believe the best way to do that is not to limit yourself to a single domain or area but to find new possibilities in the overlaps, patterns, and discoveries that linger between ideas. We love books that stretch us beyond the design domain and into new places of inspiration and investigation. The ones on our list have all delighted us with their ability to reframe our thinking about design, even though none are squarely about the topic.

Carissa and Scott's book list on help you design a better future

Carissa Carter and Scott Doorley Why did Carissa and Scott love this book?

Kate Rayworth speaks our language. This book explains how to develop an economy that takes human and planetary flourishing into account and, most importantly, explains how we might think differently to get there.

This is a 300-plus-page book about economics—to be honest, even we haven't finished it cover to cover—but we feel a little bit wiser and more hopeful every time we crack it open!

By Kate Raworth,

Why should I read it?

7 authors picked Doughnut Economics as one of their favorite books, and they share why you should read it.

What is this book about?

A Financial Times "Best Book of 2017: Economics"

800-CEO-Read "Best Business Book of 2017: Current Events & Public Affairs"

Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times.

Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike.

That's why it is time, says renegade economist Kate Raworth,…


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 Economic Analysis, Moral Philosophy, and Public Policy

Eyal Zamir and Barak Medina Author Of Law, Economics, and Morality

From my list on ethics and economics.

Why are we passionate about this?

We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.

Eyal's book list on ethics and economics

Eyal Zamir and Barak Medina Why did Eyal love this book?

The book provides an excellent introduction to the philosophical foundations of economic analysis as a normative theory of human behavior and as a tool for public policy making.

It lucidly explains and criticizes the building blocks of welfare economics – the normative branch of economic analysis.

By Daniel Hausman, Michael McPherson, Debra Satz

Why should I read it?

1 author picked Economic Analysis, Moral Philosophy, and Public Policy as one of their favorite books, and they share why you should read it.

What is this book about?

This book shows through argument and numerous policy-related examples how understanding moral philosophy can improve economic analysis, how moral philosophy can benefit from economists' analytical tools, and how economic analysis and moral philosophy together can inform public policy. Part I explores the idea of rationality and its connections to ethics, arguing that when they defend their formal model of rationality, most economists implicitly espouse contestable moral principles. Part II addresses the nature and measurement of welfare, utilitarianism and cost-benefit analysis. Part III discusses freedom, rights, equality, and justice - moral notions that are relevant to evaluating policies, but which have…


Book cover of History of Economic Analysis

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

From my list on the evolution of economics.

Why am I passionate about this?

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

Panayotis' book list on the evolution of economics

Panayotis G. Michaelides Why did Panayotis love this book?

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

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

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

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

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

Why should I read it?

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

What is this book about?

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


Book cover of 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.


Book cover of Prediction Machines: The Simple Economics of Artificial Intelligence
Book cover of Going Infinite: The Rise and Fall of a New Tycoon
Book cover of The Everything Token: How NFTs and Web3 Will Transform the Way We Buy, Sell, and Create

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