Fans pick 92 books like The Invisible Hook

This is the rare book that is as eye-opening for the novice in economics as it is stimulating for the professional economist. Hazlitt will show you why economics is the golden key to unlocking an endless series of social mysteries.

If you really take his classic 1946 “Lesson” to heart, you can outthink many professional economists who have mistaken mathematical pyrotechnics for economic insight. 

Between 1954 and 1981, when this book was written, the number of cities in L.A. County nearly doubled from 45 to 81. Many of these new cities contracted with the county for their basic public services, and were consequently able to maintain low property tax rates. Homeowners "voted with their feet" by moving to these new cities, and previously middle-class places like Compton saw their tax bases plummet while their need for public services skyrocketed. As a native Angeleno, I found Miller's account of the fragmentation of Los Angeles fascinating and devastating.  A gem of a chapter entitled "Is the Invisible Hand Biased?" presents a withering critique of the argument—standard in economic theory—that more choices make people better off.

In this book we learn that our actions are shaped by that of others or by our expectation of what others will do.

If, for example, a white neighbor leaves the neighborhood upon seeing a minority family move in, other white neighbors are likely to follow suit if they expect more white neighbors to move out and more minorities to move in. If a critical mass of white neighbors adopts this behavior, the result is a segregated neighborhood.

Applied this idea to the study of mass atrocities, we understand mass participation in mass atrocities as not a result of moral failure, but a social phenomenon driven by imitating nature and belonging need of the humankind. This understanding humanizes the mass perpetrators of an atrocity and opens space for reconciliation.

In 2004, sociologists Elizabeth Armstrong and Laura Hamilton set up camp in a dorm at Indiana University with the aim of writing an ethnography of the girls on the floor. They tracked the girls for five years, documenting their education, social lives, and post-college outcomes. As the product of a flagship state university myself, this book floored me. Armstrong and Hamilton document a process whereby administrators attract wealthy full-tuition students by subsidizing Greek life and creating legitimate-sounding but low-value majors. Far from being an equalizer, the rich leave university employed and debt-free, while the poor leave with staggering debt and few job prospects. For those of us in higher ed, this book articulates the discomfort many of us have felt in recent decades as universities have become increasingly consumer-oriented.

Much of what we do in the social sciences requires articulating what it is that people want. What do people find beautiful, valuable, and correct? A cultural anthropologist, Shweder details the remarkable differences in how humans make meaning of their lives, and the different conceptions of morality, modesty, and normality found in different cultures. The book's most provocative chapter, "What About Female Genital Mutilation?," can be read as a qualified defense of the practice, arguing that using state coercion to enforce our own Western conceptions of correctness can constitute a form of liberal imperialism. Regardless of whether you find Shweder's case for FGM persuasive, the argument that tolerance requires seriously engaging with beliefs that may be alien and distressing is particularly welcome in these divided times.

The greatest book ever written in economics isn’t Adam Smith’s The Wealth of Nations, Karl Marx’s Das Kapital, or John Maynard Keynes’ The General Theory, but this book by Ludwig von Mises. If you only ever read one book in economics, make it this one—even if it takes five years to traverse. You’ll be digesting the insights for a lifetime.

Everything is here. How we ought to think about economics. How we can most fruitfully analyze society. How can humans live better together than they could apart? What makes some societies rich and others poor? Mises originally thought of calling the book “Social Cooperation,” two words that deftly capture the essence of this 800+ page treatise. 

Ask ten different people to define economics, and you’ll get ten different answers. Does it have something to do with money, finance, the “economy”? Is it about wealth creation? Worse, does it assume people are self-centered greed monsters who care only about maximizing their own happiness, which is assumed to be achievable solely through material acquisition? Worse still, does economics justify or condone such behavior?

Kirzner’s book, which was his dissertation written under the guidance of Ludwig von Mises, shows us the way out of this mess. Read this book to learn why economics is the best tool we have for making sense of the social world. Plus, no unrealistic assumptions about humans are needed! 

Thomas Sowell is underrated. How is a world-renowned thinker and commentator still underestimated? Many people think of Sowell as little more than a cultural commentator or an ideologue.

This book shatters those misconceptions by introducing you to the depth and clarity of Sowell’s thoughts. Reading and re-reading this book will impress you with the power of the economic point of view. Read it after Hazlitt’s Economics in One Lesson.

I like books that challenge longstanding but doubtful dogma and expose historical fallacies. This collection of essays does just that, and it quickly brought me up to speed on some of the best and latest studies about pirates and piracy.

More than a dozen essays by as many noted historians helped dispel my misconceptions concerning Blacks as pirates, the practices of piracy and privateering, the roles of women at the business end of piracy (booty is only good if you can sell it), and more. 

So where does our modern (mis-)understanding of pirates and piracy come from? 

I learned quickly that no one serious about studying piracy can avoid engaging with this famous work (supposedly written by Daniel Defoe, but I have my doubts), first published in 1724 when his subjects were still marauding. It’s a combination of recent reports, reliable letters, dubious rumors, and outright fantasy concerning the pirate scourge.

The author, whoever he (she?) was, chronicles the careers of the age’s most famous pirates (and many from the B-list)–while adding a lot of gratuitous sex and violence. The problem is that too many writers have relied upon this book uncritically since then. Still, I find the author’s flashes of wit, sharp analysis, satire, and political commentary fun as well as useful.