Fans pick 100 books like Theory of Value

By Gerard Debreu,

Here are 100 books that Theory of Value fans have personally recommended if you like Theory of Value. 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 The Island at the Center of the World: The Epic Story of Dutch Manhattan and the Forgotten Colony That Shaped America

Thijs ten Raa Author Of Microeconomics: Equilibrium and Efficiency

From my list on microeconomics on how markets are interconnected.

Why am I passionate about this?

Microeconomics is a turnoff to most readers. Not without reason. Many books in this field are dull rewrites of other books and opaque.  In particular, it is not clear how the behavior of individual consumers and producers adds to the performance—good or bad—of an economy. The books listed here helped me to sharpen my own mind and to make my writing lucid.

Thijs' book list on microeconomics on how markets are interconnected

Thijs ten Raa Why did Thijs love this book?

This fascinating and very detailed history of early Manhattan shows how the Dutch with their policy based on individual liberty and free trade impacted not only New York City but even the shaping of America. 

I sensed this when I was an inhabitant of New York, but now I understand why.

By Russell Shorto,

Why should I read it?

5 authors picked The Island at the Center of the World as one of their favorite books, and they share why you should read it.

What is this book about?

In a riveting, groundbreaking narrative, Russell Shorto tells the story of New Netherland, the Dutch colony which pre-dated the Pilgrims and established ideals of tolerance and individual rights that shaped American history. 

"Astonishing . . . A book that will permanently alter the way we regard our collective past." --The New York Times

When the British wrested New Amsterdam from the Dutch in 1664, the truth about its thriving, polyglot society began to disappear into myths about an island purchased for 24 dollars and a cartoonish peg-legged governor. But the story of the Dutch colony of New Netherland was merely…


Book cover of Economic Theory in Retrospect

Thijs ten Raa Author Of Microeconomics: Equilibrium and Efficiency

From my list on microeconomics on how markets are interconnected.

Why am I passionate about this?

Microeconomics is a turnoff to most readers. Not without reason. Many books in this field are dull rewrites of other books and opaque.  In particular, it is not clear how the behavior of individual consumers and producers adds to the performance—good or bad—of an economy. The books listed here helped me to sharpen my own mind and to make my writing lucid.

Thijs' book list on microeconomics on how markets are interconnected

Thijs ten Raa Why did Thijs love this book?

Mark Blaug escaped the Netherlands, just in time before the Nazis marched in, went to New York University, and eventually wrote this colossal overview of the entire body of the economics literature. 

He is capable of ordering different formal approaches to the subject matter in plain English, what an achievement.

By Mark Blaug,

Why should I read it?

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

What is this book about?

This is a history of economic thought from Adam Smith to John Maynard Keynes - but it is a history with a difference. Firstly, it is a history of economic theory, not of economic doctrines, that is, it is consistently focused on theoretical analysis, undiluted by entertaining historical digressions or biological colouring. Secondly, it includes detailed Reader's Guides to nine of the major texts of economics, namely the works of Smith, Ricardo, Mill, Marx, Marshall, Wickstead, Wicksell, Walras and Keynes, in the effort to encourage students to become acquainted at first hand with the writings of all the great economists.…


Book cover of Capitalism: The Unknown Ideal

Thijs ten Raa Author Of Microeconomics: Equilibrium and Efficiency

From my list on microeconomics on how markets are interconnected.

Why am I passionate about this?

Microeconomics is a turnoff to most readers. Not without reason. Many books in this field are dull rewrites of other books and opaque.  In particular, it is not clear how the behavior of individual consumers and producers adds to the performance—good or bad—of an economy. The books listed here helped me to sharpen my own mind and to make my writing lucid.

Thijs' book list on microeconomics on how markets are interconnected

Thijs ten Raa Why did Thijs love this book?

As a moderate leftist I was attracted by this propagandist of rightist policies. 

Ayn Rand makes a strong case to keep out the state and leave the economy to free markets. It helped me to sharpen my mind. 

What is missing in her analysis? How does that modify a rightist political outlook? She challenged me and thus influenced my own writing.

By Ayn Rand, Nathaniel Branden, Alan Greenspan , Robert Hessen

Why should I read it?

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

What is this book about?

In this series of essays, Ayn Rand presents her stand on the persecution of big business, the causes of war, the default of conservatism, and the evils of altruism.

The foundations of capitalism are being battered by a flood of altruism, which is the cause of the modern world's collapse. This is the view of Ayn Rand, a view so radically opposed to prevailing attitudes that it constitutes a major philosophic revolution. Here is a challenging new look at modern society by one of the most provocative intellectuals on the American scene.
 
This edition includes two articles by Ayn Rand…


Book cover of Wassily Leontief and Input-Output Economics

Thijs ten Raa Author Of Microeconomics: Equilibrium and Efficiency

From my list on microeconomics on how markets are interconnected.

Why am I passionate about this?

Microeconomics is a turnoff to most readers. Not without reason. Many books in this field are dull rewrites of other books and opaque.  In particular, it is not clear how the behavior of individual consumers and producers adds to the performance—good or bad—of an economy. The books listed here helped me to sharpen my own mind and to make my writing lucid.

Thijs' book list on microeconomics on how markets are interconnected

Thijs ten Raa Why did Thijs love this book?

Like Ayn Rand, Wassily Leontief is a Jew who left the Soviet Union and settled in the United States. 

However, he does not believe in free markets and even is a specialist in economic planning. The precision with which he analyzes the economic system, considering it as machine that transforms inputs into outputs is mind-boggling and answers difficult questions.

By Erik Dietzenbacher (editor), Michael L. Lahr (editor),

Why should I read it?

1 author picked Wassily Leontief and Input-Output Economics as one of their favorite books, and they share why you should read it.

What is this book about?

Wassily Leontief (1905-1999) was the founding father of input-output economics, for which he received the Nobel Prize in 1973. This book offers a collection of papers in memory of Leontief by his students and close colleagues. The first part, 'Reflections on Input-Output Economics', focuses upon Leontief as a person and scholar as well as his personal contributions to economics. It includes contributions by Nobel Laureate Paul A. Samuelson who shares his memories of a young Professor Leontief at Harvard and ends with the last joint interview with Wassily and his wife, to date previously unpublished. The second part, 'Perspectives of…


Book cover of Option Trading: Pricing and Volatility Strategies and Techniques

Ernest P. Chan Author Of Quantitative Trading: How to Build Your Own Algorithmic Trading Business

From my list on quantitative trading for beginners.

Why am I passionate about this?

A noted quantitative hedge fund manager and quant finance author, Ernie is the founder of QTS Capital Management and Predictnow.ai. Previously he has applied his expertise in machine learning at IBM T.J. Watson Research Center’s Human Language Technologies group, at Morgan Stanley’s Data Mining and Artificial Intelligence Group, and at Credit Suisse’s Horizon Trading Group. Ernie was quoted by Bloomberg, the Wall Street Journal, New York Times, Forbes, and the CIO magazine, and interviewed on CNBC’s Closing Bell program. He is an adjunct faculty at Northwestern University’s Master’s in Data Science program and supervises student theses there. Ernie holds a Ph.D. in theoretical physics from Cornell University.

Ernest's book list on quantitative trading for beginners

Ernest P. Chan Why did Ernest love this book?

Disclaimer: I like Euan’s books not because he is a friend and has endorsed my books. Long before we became friends, I have bought his book, and said to myself “Wow! This is the first book about options trading that is not just a bunch of trite statements about payouts from various straddles and spreads positions!” It talks about some unique arbitrage opportunities that only professionals knew about. On the other hand, the amount of mathematics is very manageable, and can largely be skipped without affecting the practical applications of the concepts. 

By Euan Sinclair,

Why should I read it?

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

What is this book about?

An A to Z options trading guide for the new millennium and the new economy Written by professional trader and quantitative analyst Euan Sinclair, Option Trading is a comprehensive guide to this discipline covering everything from historical background, contract types, and market structure to volatility measurement, forecasting, and hedging techniques. This comprehensive guide presents the detail and practical information that professional option traders need, whether they're using options to hedge, manage money, arbitrage, or engage in structured finance deals. It contains information essential to anyone in this field, including option pricing and price forecasting, the Greeks, implied volatility, volatility measurement…


Book cover of The Complete Guide to Option Pricing Formulas

Alain Ruttiens Author Of Mathematics of the Financial Markets: Financial Instruments and Derivatives Modelling, Valuation and Risk Issues

From my list on quantitative finance applied to financial markets.

Why am I passionate about this?

Having a master's degree in chemical engineering, I wasn't destined to work in the area of quantitative finance… the reason why I professionally moved to this discipline aren't worth exposing, but as a matter of fact, I've been quickly fascinated by this science, and encountered some of my favorites, such as maths and statistics, as used in the traditional activity of an engineer. And I had many opportunities of combining the knowledge and practice of financial markets with pragmatism, typically of the engineer’s education, i.e. oriented toward problem solving. In addition, I've always loved teaching, and writing books on financial markets & instruments, hence the importance I'm giving to pedagogy in professional books.

Alain's book list on quantitative finance applied to financial markets

Alain Ruttiens Why did Alain love this book?

The valuation of options has been the subject of numerous studies, papers, and books.

The originality of this one is that it is collecting the resulting formulae to be used in practice, and for each of them, proposing related Excel spreadsheets, and VBA coding (also with a CD included). All types of options are covered, from “vanilla” to “exotics”, on every kind of underlyings (from traditional ones up to commodities and energy).

It also develops calculation methods for the options “greeks” and volatility. But the book is not only such a catalog of formulae, these are assorted by useful comments about the best way to apply them, and their validity limits. Not surprisingly, this book is qualified as the “bible” of options valuation.

By Espen Gaarder Haug,

Why should I read it?

1 author picked The Complete Guide to Option Pricing Formulas as one of their favorite books, and they share why you should read it.

What is this book about?

Long-established as a definitive resource by Wall Street professionals, The Complete Guide to Option Pricing Formulas has been revised and updated to reflect the realities of today's options markets. The Second Edition contains a complete listing of virtually every pricing formula_all presented in an easy-to-use dictionary format, with expert author commentary and ready-to-use programming code.

The Second Edition of this classic guide now includes more than 60 new option models and formulas...extensive tables providing an overview of all formulas...new examples and applications...and an updated CD containing all pricing formulas, with VBA code and ready-to-use Excel spreadsheets.

The volume also features…


Book cover of Competition & Entrepreneurship

David Emanuel Andersson Author Of Property Rights, Consumption and the Market Process

From my list on understanding how societies develop.

Why am I passionate about this?

I have always been curious about why societies develop, which is why I was drawn to the social sciences as a student. I first encountered attempts to explain development in economics, but found that mainstream models were too neat and abstract to account for my everyday observations. Why are there no entrepreneurs in the models, and why do most economists assume that property rights are unambiguous? I eventually discovered that non-mainstream economic theories and some of the other social sciences are more concerned with reality. Eventually I developed an eclectic framework with a focus on entrepreneurship, institutions, and spatial agglomerations as factors that shape socio-economic development. 

David's book list on understanding how societies develop

David Emanuel Andersson Why did David love this book?

This is the second book that I read about entrepreneurship. It’s also my second favorite book on economics.

Unlike Schumpeter, Kirzner does not assume that entrepreneurship is an unusual activity. Most people are entrepreneurial at some point. Successful entrepreneurship means being alert to profit opportunities that others have not noticed.

The underlying message is that there is such a thing as a free lunch. Kirzner views the market as a process rather than an equilibrium state. It is a superb book for understanding why mainstream neoclassical economics is unrealistic, but it does not address uncertainty. 

By Israel M Kirzner, Peter Boettke (editor), Frederic Sautet (editor)

Why should I read it?

2 authors picked Competition & Entrepreneurship as one of their favorite books, and they share why you should read it.

What is this book about?

Stressing verbal logic rather than mathematics, Israel M. Kirzner provides at once a thorough critique of contemporary price theory, an essay on the theory of entrepreneurship, and an essay on the theory of competition. Competition and Entrepreneurship offers a new appraisal of quality competition, of selling effort, and of the fundamental weaknesses of contemporary welfare economics.

Kirzner's book establishes a theory of the market and the price system which differs from orthodox price theory. He sees orthodox price theory as explaining the configuration of prices and quantities that satisfied the conditions for equilibrium. Mr. Kirzner argues that "it is more…


Book cover of Getting Price Right: The Behavioral Economics of Profitable Pricing

Jeet Mukherjee Author Of Pricing with Confidence: Ten Rules for Increasing Profits and Staying Ahead of Inflation

From my list on make an impact in your organization through pricing.

Why am I passionate about this?

I’ve been working in value-based pricing for over 20 years and I’ve seen firsthand how it can transform a company’s profits when done right and executed properly through sales. While the specific strategies and tactics vary across industries, company size, and product offerings, many of the foundations and logic behind those strategies can be learned, and must be understood in order to grow a company’s revenue and profit growth in today’s markets. I’d love to connect about any of these topics – feel free to reach out on LinkedIn!

Jeet's book list on make an impact in your organization through pricing

Jeet Mukherjee Why did Jeet love this book?

This book takes a deeper look into the psychology of choices and pricing.

It helps provide more context and understanding around some familiar tactics and what drives buyer’s decisions. While price setting can be a technical activity, leaders need to understand the softer/behavioral skills to sell that price both internally and externally. Both components are important in order to get your pricing right.

By Gerald Smith,

Why should I read it?

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

What is this book about?

Winner, 2022 Leonard L. Berry Marketing Book Award, American Marketing Association

How do leaders, managers, and proprietors go about the essential task of setting prices? What biases enter into this process, and why? How can a business debias its price setting to become more productive, strategic, and profitable?

Combining perceptive insights from behavioral economics with leading-edge ideas on price management, this book offers a new approach to pricing. Gerald Smith demonstrates why understanding, reframing, and refining everyday pricing processes-a firm's or manager's pricing orientation-results in a better long-term pricing strategy. He explores how pricing actually happens in practice and shows…


Book cover of Profitable Day and Swing Trading: Using Price / Volume Surges and Pattern Recognition to Catch Big Moves in the Stock Market + Website

Mark Leibovit Author Of The Trader's Book of Volume: The Definitive Guide to Volume Trading

From my list on trading your way to profits in the stock market.

Why am I passionate about this?

Mark Leibovit is Chief Market Strategist for Leibovit VR Newsletter. His technical expertise is in overall market timing and stock selection based upon his proprietary Volume Reversal (TM) methodology and Annual Forecast Model. Mark's extensive media television profile includes seven years as a consultant ‘Elf’ on Louis Rukeyser’s Wall Street Week television program, and over thirty years as a Market Monitor guest for PBS The Nightly Business Report. He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Business Week, Forbes, and The Wall Street Journal. His comprehensive study on Volume Analysis, The Trader’s Book of Volume is a definitive guide to volume trading.

Mark's book list on trading your way to profits in the stock market

Mark Leibovit Why did Mark love this book?

Harry and I are personal friends and I am an occasional contributor on his daily live website.  Regardless, I follow his work everyday which is broadcast during market hours.  He and I  are both in our mid-70s and have been trading and writing about the stock market for 40-plus years.

Harry Boxer's proven techniques for short-term traders. He is the best I know for showing and using short-term technical stock market indicators.

By Harry Boxer,

Why should I read it?

1 author picked Profitable Day and Swing Trading as one of their favorite books, and they share why you should read it.

What is this book about?

Harry Boxer's proven techniques for short-term traders Written in easy-to-understand language, Profitable Day and Swing Trading + Website explains the trading tactics that draw on price, volume, and pattern recognition. Highly regarded trader Harry Boxer offers the information needed to recognize chart patterns, identify trades, and execute entries and exits that will maximize profits and limit losses. Boxer also reveals his concept of price-volume surges as the key to identifying the most lucrative trades. Throughout the book, Boxer describes his routine for preparing for each trading day, selecting stocks to monitor, and how he keeps track of prices and executes…


Book cover of Candlestick Charting for Dummies

Ann C. Logue Author Of Day Trading for Dummies

From my list on for beginning traders.

Why am I passionate about this?

I’ve always been fascinated with money and investing. Trading is but one segment of the market, but it’s one that creates a lot of drama and excitement that draws people in—and that creates great stories. I also want people to do their research before they trade, because so many people lose money. Preparation, discipline, and strategy improve the odds of success. I’m a long-time financial author and consulting analyst. I have an MBA and am a CFA charter holder, the whole bit, and want to make financial information more accessible. There are a lot of people with a vested interest in making things more complicated than they need to be.

Ann's book list on for beginning traders

Ann C. Logue Why did Ann love this book?

Great trades come from market analysis, not hot tips on Reddit. Candlestick charts contain an enormous amount of information about market trends and activity. Learning charting takes some time, and this book is a great start. Whatever system you decide to follow, make notes of your trades. Plan them out, then note what worked and what didn’t. 

By Russell Rhoads,

Why should I read it?

1 author picked Candlestick Charting for Dummies as one of their favorite books, and they share why you should read it.

What is this book about?

Want to gain a trading edge with candlestick charts? Find them a little confusing? No worries! Candlestick Charting For Dummies sheds light on this time-tested method for finding the perfect moment to buy or sell. It demystifies technical and chart analysis and gives you the tools you need to identify trading patterns - and pounce! This friendly, practical, guide explains candlestick charting and technical analysis in plain English. In no time, you'll be working with common candlestick patterns, analyzing trading patterns, predicting market behavior, and making your smartest trades ever. You'll discover the advantages candlestick has over other charting methods…


Book cover of The Island at the Center of the World: The Epic Story of Dutch Manhattan and the Forgotten Colony That Shaped America
Book cover of Economic Theory in Retrospect
Book cover of Capitalism: The Unknown Ideal

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Interested in pricing, mathematical models, and microeconomics?

Pricing 19 books
Microeconomics 41 books