100 books like The Theory of Dynamic Efficiency

By Jesus Huerta De Soto,

Here are 100 books that The Theory of Dynamic Efficiency fans have personally recommended if you like The Theory of Dynamic Efficiency. 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 Economics in One Lesson

Caleb S. Fuller Author Of No Free Lunch: Six Economic Lies You've Been Taught And Probably Believe

From my list on the economic point of view.

Why am I passionate about this?

I’m an associate professor of economics at Grove City College, where I love introducing students to the economic point of view. My first book, listed below, pursues the relentless logic of tradeoffs. My second book (co-authored with Art Carden), Mere Economics: Lessons for and from the Ordinary Business of Life, is due out in early 2025. It examines how human beings expand their options through cooperation. For me, internalizing the economic point of view is a lifelong project. I think it will become yours, too, if you try these books! 

Caleb's book list on the economic point of view

Caleb S. Fuller Why did Caleb love this book?

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. 

By Henry Hazlitt,

Why should I read it?

5 authors picked Economics in One Lesson as one of their favorite books, and they share why you should read it.

What is this book about?

With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day.

Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication.  Hazlitt wrote…


Book cover of Human Action: A Treatise on Economics

Brian Balfour Author Of Economics in Action

From my list on books to learn Austrian economics.

Why am I passionate about this?

I’ve spent the last 17 years leveraging my Master’s degree in economics as a public policy analyst focusing on educating legislators and the public about the consequences of economic public policy. I’ve also taught several economic courses as an adjunct at a small university and area community college. Spreading sound economic knowledge is important to me. History–and the present day–is full of tragic tales of suffering in societies that failed to heed the lessons of sound economics. Sadly, however, the majority of Americans are either uneducated or mis-educated in economics. My passion is to advance economic understanding among citizens–especially young people–in order to correct that.

Brian's book list on books to learn Austrian economics

Brian Balfour Why did Brian love this book?

Mises was often referred to as the “godfather of Austrian Economics” for his voluminous contributions to economic science. This book is his most well-known and hefty treatise. 

Mises expertly walks the reader through his explanation of economics being a branch of praxeology, the study of the implications of human action. With a passionate writing style, Mises pulls no punches on his critics while providing the reader with a graduate-level economic education without the often-confusing technical jargon academic courses often impose on students.

Mises uses explanatory language rather than mathematical equations and graphs to make his points. The book is not light reading, however, and should not be attempted without first gaining some understanding of the Austrian School of Economics. And weighing in at nearly 900 pages, expect to set aside some time to get through it. But it will be time well spent.

By Ludwig von Mises,

Why should I read it?

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

What is this book about?

In Human Action, Mises starts from the ideas set forth in his Theory and History that all actions and decisions are based on human needs, wants, and desires and continues deeper and further to explain how studying this human action is not only a legitimate science (praxeology) but how that science is based on the foundation of free-market economics.

Mises presents and discusses all existing economic theories and then proceeds to explain how the only sensible, realistic, and feasible theory of economics is one based on how the needs and desires of human beings dictate trends, affect profits and losses,…


Book cover of Money, Bank Credit & Economic Cycles

Philipp Bagus Author Of Blind Robbery! How the Fed, Banks and Government Steal Our Money

From my list on Austrian economics.

Why am I passionate about this?

In high school I became interested in politics and economics. Soon I found the Austrian school and decided to make it my profession. I went to the US to study Austrian economics and later to Spain to study with Prof. Huerta de Soto. Finally, I became a Professor of Economics myself, teaching and writing in the tradition of the Austrian School. 

Philipp's book list on Austrian economics

Philipp Bagus Why did Philipp love this book?

Those who want to understand the origins of business cycles and how to prevent them should read this book.

One of the most pressing, if not the most pressing, problem of our societies today is our monetary and financial system. This book explains why and offers a solution.

I believe that it is the most complete Austrian treatise on money and banking. It is interdisciplinary looking at law and history as well. I have used it as a textbook for years in class and I have translated it into German. Every serious student of money and banking has to have mastered this book.

By Jesus Huerta de Soto,

Why should I read it?

1 author picked Money, Bank Credit & Economic Cycles as one of their favorite books, and they share why you should read it.

What is this book about?

Can the market fully manage the money and banking sector?

Jesús Huerta de Soto, professor of economics at the Universidad Rey Juan Carlos, Madrid, has made history with this mammoth and exciting treatise that it has and can again, without inflation, without business cycles, and without the economic instability that has characterized the age of government control.

Such a book as this comes along only once every several generations: a complete comprehensive treatise on economic theory. It is sweeping, revolutionary, and devastating--not only the most extended elucidation of Austrian business cycle theory to ever appear in print but also a…


Book cover of Man, Economy, and State: With Power and Market

Brian Balfour Author Of Economics in Action

From my list on books to learn Austrian economics.

Why am I passionate about this?

I’ve spent the last 17 years leveraging my Master’s degree in economics as a public policy analyst focusing on educating legislators and the public about the consequences of economic public policy. I’ve also taught several economic courses as an adjunct at a small university and area community college. Spreading sound economic knowledge is important to me. History–and the present day–is full of tragic tales of suffering in societies that failed to heed the lessons of sound economics. Sadly, however, the majority of Americans are either uneducated or mis-educated in economics. My passion is to advance economic understanding among citizens–especially young people–in order to correct that.

Brian's book list on books to learn Austrian economics

Brian Balfour Why did Brian love this book?

As the most accomplished student of Ludwig von Mises, Rothbard is undisputably the American who has contributed the most to the Austrian School of Economics. Similar to Human Action, this treatise spans more than 1,000 pages and covers nearly every aspect of economic theory imaginable. 

Rothbard methodically walks the reader through the logical implications of the “action axiom,” the notion that humans act with a purpose in mind. Specifically, humans utilize means according to an idea to achieve ends. From this self-evident building block, Rothbard deduces economic laws that guide nearly the entire edifice of economic science.

The Power and Market section is where theory meets practice, and Rothbard applies the Austrian School theory to diagnose the impact of a large variety of government interference in the market process.

By Murray N. Rothbard,

Why should I read it?

2 authors picked Man, Economy, and State as one of their favorite books, and they share why you should read it.

What is this book about?

New Edition, with new introduction!

Murray N. Rothbard's great treatise Man, Economy, and State and its complementary text Power and Market, are here combined into a single edition as they were written to be. It provides a sweeping presentation of Austrian economic theory, a reconstruction of many aspects of that theory, a rigorous criticism of alternative schools, and an inspiring look at a science of liberty that concerns nearly everything and should concern everyone.

The Mises Institute's new edition of Man Economy, and State, united with its formerly sundered companion volume Power and Market, is a landmark in the history…


Book cover of Organizing Entrepreneurial Judgment: A New Approach to the Firm

Randall Holcombe Author Of Entrepreneurship and Economic Progress

From my list on entrepreneurship and economic progress.

Why am I passionate about this?

I am an economics professor and have been dissatisfied with the way that economic theory has described the miracle of economic growth the global economy has seen since the beginning of the Industrial Revolution. Growth cannot come without progress, which means new and improved goods and services, and more efficient production methods. Progress is the result of entrepreneurship. The role of entrepreneurship in the creation of economic progress has been underappreciated by economists, which was my motivation for exploring the topic in more detail.

Randall's book list on entrepreneurship and economic progress

Randall Holcombe Why did Randall love this book?

Economists tend to characterize firms as profit maximizers, but the people who manage firms operate in an uncertain environment and the path to profitability is rarely clear.

Firms that suffer losses or go out of business provide evidence on this. Foss and Klein depict those who run firms as entrepreneurs who must use their judgment in the face of uncertainty to direct their firms.

They connect the concepts of management and entrepreneurship more closely than has been done in the past, creating a bridge between the academic literature in economics and management.

By Nicolai J. Foss, Peter G. Klein,

Why should I read it?

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

What is this book about?

Entrepreneurship, long neglected by economists and management scholars, has made a dramatic comeback in the last two decades, not only among academic economists and management scholars, but also among policymakers, educators and practitioners. Likewise, the economic theory of the firm, building on Ronald Coase's (1937) seminal analysis, has become an increasingly important field in economics and management. Despite this resurgence, there is still little connection between the entrepreneurship literature and the literature on the firm, both in academia and in management practice. This book fills this gap by proposing and developing an entrepreneurial theory of the firm that focuses on…


Book cover of VC: An American History

William H. Janeway Author Of Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State

From my list on venture capital and the economics of innovation.

Why am I passionate about this?

After receiving my doctorate in Economics at Cambridge University, I embarked on a 35-year sabbatical as a venture capitalist focused on information technology. I learned about the critical role that the American state had played by sponsoring the computer industry. When the "Dotcom Bubble" of the late 1990s grossly overpriced my companies, because I had written my PhD thesis on 1929-1931 when the Bubble of the Roaring Twenties exploded, I had seen the movie before and knew how it ended. I returned to Cambridge determined to tell this saga of innovation at the frontier and the strategic roles played by financial speculation and the state in funding economic transformation."

William's book list on venture capital and the economics of innovation

William H. Janeway Why did William love this book?

I value this book as a comprehensive history of high-risk investing in America, from the Whaling Industry to Silicon Valley. 

Nicholas reveals the extraordinary skew and persistence in investment returns: a small number of investors are responsible for a disproportionate amount of the gains, and this holds true across widely varying institutional structures and technological domains.

And he explores the intimate relationship between the rise of the IT and Biotech industries and support from the U.S, Government. 

By Tom Nicholas,

Why should I read it?

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

What is this book about?

A major exploration of venture financing, from its origins in the whaling industry to Silicon Valley, that shows how venture capital created an epicenter for the development of high-tech innovation.

VC tells the riveting story of how the industry arose from the United States' long-running orientation toward entrepreneurship. Venture capital has been driven from the start by the pull of outsized returns through a skewed distribution of payoffs-a faith in low-probability but substantial financial rewards that rarely materialize. Whether the gamble is a whaling voyage setting sail from New Bedford or the newest startup in Silicon Valley, VC is not…


Book cover of How to Be a Founder: How Entrepreneurs can Identify, Fund and Launch their Best Ideas

Simon Court Author Of Founder's Legacy: 50 Game-Changing Leadership Lessons for Building a Great Business

From my list on books for founders trying to be in the 10% of businesses that succeed.

Why am I passionate about this?

For the last 25 years, I have been a coach to business founders, leaders, and leadership teams. My work has taken me to every continent from my base in London. A lot of my work is done behind closed doors, but I have been instrumental in building two unicorns in the last decade. I’m a founder myself and have always been fascinated by what it takes to succeed as a founder. I have a powerful conviction that learning to lead is the heart of it. The books I love are either based on real-world research or deeply practical and based on hands-on experience. Practice trumps theory every time in my world!

Simon's book list on books for founders trying to be in the 10% of businesses that succeed

Simon Court Why did Simon love this book?

I know the work that Entrepreneur First does and some young founders who have benefitted from their work and built successful businesses. This book is read by the founders as they talk about entrepreneurship, the start-up phase and co-founding.

I found the sections on understanding and using your ‘edge’ especially interesting, and this leads to some smart thinking about how to choose the right co-founder. The book stops at the point where the business is about to take off; keep that in mind.

By Alice Bentinck, Matt Clifford,

Why should I read it?

1 author picked How to Be a Founder as one of their favorite books, and they share why you should read it.

What is this book about?

*WINNER OF THE STARTUP/SCALEUP BUSINESS BOOK AWARD 2023* An essential guide to equip the next generation of founders with the mindset and tools they need to take the leap to become globally successful entrepreneurs. Featuring a foreword by Reid Hoffman, founder of LinkedIn, this fascinating handbook inspires potential founders and provides essential guidance and advice for people who want to create their own start-up and build a successful company. This book answers the question "how do I get started?" It takes the reader from making the decision to plunge into entrepreneurship, through the process of choosing and developing an idea…


Book cover of The Diary of a CEO: The 33 Laws of Business and Life

Simon Court Author Of Founder's Legacy: 50 Game-Changing Leadership Lessons for Building a Great Business

From my list on books for founders trying to be in the 10% of businesses that succeed.

Why am I passionate about this?

For the last 25 years, I have been a coach to business founders, leaders, and leadership teams. My work has taken me to every continent from my base in London. A lot of my work is done behind closed doors, but I have been instrumental in building two unicorns in the last decade. I’m a founder myself and have always been fascinated by what it takes to succeed as a founder. I have a powerful conviction that learning to lead is the heart of it. The books I love are either based on real-world research or deeply practical and based on hands-on experience. Practice trumps theory every time in my world!

Simon's book list on books for founders trying to be in the 10% of businesses that succeed

Simon Court Why did Simon love this book?

I have listened to Steven Bartlett’s podcast for years. He has interviewed an impressive and eclectic range of people, especially founders, and has pulled together much of what he has learned, both from his own business success and that of his guests.

I like the practicality of the “33 laws” in the book. I don’t agree with all of them. For example, I take issue with “Create a cult mentality,” but many of these laws are very sound indeed, including “Ask who not how” and “You must out-fail the competition.”

I like Steven’s persuasive and punchy style and the fact that he came from humble beginnings and has achieved so much. 

By Steven Bartlett,

Why should I read it?

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


Book cover of Cookies & Milk

Laura Anne Bird Author Of Marvelous Jackson

From my list on contemporary middle grade novels for boys who love to bake.

Why am I passionate about this?

True confession: I’m not a baker, but I love it when other people bake. It’s riveting to watch how they transform the humblest of ingredients into desserts that are beautiful and delicious. I get super excited to see this creative process unfold, which is why I adore The Great British Baking Show and other competitive reality baking programs. They inspired me to write Marvelous Jackson because my main character desperately wants to snag a coveted audition spot on The Marvelous Midwest Kids Baking Championship. He relishes the frenetic energy and noise of a kitchen packed with ambitious and talented people—just like I do!

Laura's book list on contemporary middle grade novels for boys who love to bake

Laura Anne Bird Why did Laura love this book?

Eleven-year-old Ellis is the hapless, harmonica-playing main character of Amos' book. He’s spending summer vacation with his newly divorced dad, who’s laser-focused on his goal of opening a brand-new cookie shop in Hollywood. Ellis gets roped into helping him, and shenanigans ensue, many of them involving chocolate chips, bags of sugar, and industrial-size mixers.

I love that Amos loosely based his debut on his own childhood in the 1970s when he helped his father—Wally “Famous” Amos (perhaps you’ve heard of him?)—open a cookie shop on Sunset Boulevard. Woven throughout Ellis’s story are spunky neighbors, Blues music, Black pride, and lessons celebrating the value of hard work. These components add depth to Amos’s otherwise fizzy story. 

By Shawn Amos,

Why should I read it?

1 author picked Cookies & Milk as one of their favorite books, and they share why you should read it. This book is for kids age 8, 9, 10, and 11.

What is this book about?

WINNER OF THE NAACP IMAGE AWARD FOR OUTSTANDING LITERARY WORK—YOUTH/TEENS!

It's a summer of family, friendship, and fun fiascos in this acclaimed novel that's as irresistible as a fresh-baked cookie. 

Ellis Bailey Johnson has the summertime blues. Instead of hanging out with friends, listening to music, and playing his harmonica, Ellis has to help bring his dad’s latest farfetched, sure-to-fail idea to life: open the world’s first chocolate chip cookie store.

They have six weeks to perfect their recipe, get a run-down A-frame storefront on Hollywood’s Sunset Boulevard into tip-top shape, and bring in customers. But nothing goes according to…


Book cover of Life Entrepreneurs: Ordinary People Creating Extraordinary Lives

Alex Budak Author Of Becoming a Changemaker: An Actionable, Inclusive Guide to Leading Positive Change at Any Level

From my list on books for recent graduates.

Why am I passionate about this?

I’m a faculty member at UC Berkeley’s Haas School of Business. I put my heart and soul into creating and teaching the course Becoming a Changemaker which teaches students how to lead positive change, to go beyond themselves, and to live a life of impact. I spend countless hours meeting 1-1 with students throughout the semester, helping them think through big life decisions and encouraging them to create a life that they are proud of. I also know how to support students in making big decisions in a way that’s true to who they are, the person that they hope to become, and the impact they can make in the world.  

Alex's book list on books for recent graduates

Alex Budak Why did Alex love this book?

No book has had a greater impact on my life than this one. It tells the stories of everyday people–folks like you and meand shows how they were able to craft beautiful, meaningful lives of all types. While so many books focus solely on one’s career, this book, refreshingly, helps you think holistically about your whole life in surprising and invigorating ways. It’s impossible to finish this book and not feel inspired to go create the life you are capable of living.

By Christopher Gergen, Gregg Vanourek,

Why should I read it?

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

What is this book about?

"An inspirational and practical guide for anyone who wants to incorporate the dynamic skills of entrepreneurs into their own lives and work. A new generation of "life entrepreneurs" is emerging: people who apply their vision, talents, creativity, and energy not only to their work but to their entire lives, changing the world for themselves and those around them. In this book, successful entrepreneurs Christopher Gergen and Gregg Vanourek draw on numerous interviews with fifty-five leading entrepreneurs worldwide as well as the wisdom of multiple thought leaders to provide vivid examples, moving vignettes, concrete frameworks, and practical strategies for revving up…


5 book lists we think you will like!

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