100 books like Victims of Groupthink

Extraordinary Popular Delusions is a catalogue of financial bubbles.

I often say it’s the best book ever written about bitcoin, and it was published in 1841. Extraordinary Popular Delusions is why you’ve heard about the Dutch Tulip-Mania of the seventeenth century. He also goes into John Law’s Mississippi Scheme.

The 1848 edition adds a note on the then-current Railway Mania, every bit as bubbly as crypto or the dot-com era.

This is one of my favorite books because rather than observing the follies of others, this author details his own. Reading it is like watching a tragedy when you already know the well-meaning protagonist is going to die.

The author chose to remain anonymous for obvious reasons: He thought he was a rare fool. But getting wiped out happens all the time, to many people. If you want to experience vicariously a dangerous thrill ride that you may or may not already have taken, this is your ticket. The book is out of print and hard to find.

Over 100 years ago, a stockbroker wondered why his clients lost money over a full cycle in the stock market. After all, if stocks were back to where they started, shouldn’t they have broken even? He found that at bottoms, investors were cautious short-term traders, whereas at tops, they were confident long-term owners.

This little booklet is available inexpensively on Amazon.

Some academics dismiss this book because it lacks statistical support. They have a point, but it’s still a great book. It’s also over a hundred years old, so what do you expect?

Gustave Le Bon was a medical doctor who became Professor of Psychology and Allied Sciences at the University of Paris. Le Bon’s key proposal is that crowd thinking is not the sum of individuals’ minds but an interdependent psychological entity. The Crowd is a short book and perennially in print.

The current war in Ukraine cannot be understood without reference to the rampant misunderstandings and misperceptions that animate both sides. 

This book is the bible of misperception, and for my money, the greatest book ever written about international politics. In it, Jervis explains how countries rarely understand one another; misperception is the rule in national security, not the exception. And those misperceptions all point in one direction: They make other actors appear more belligerent than they are.

Because of predictable psychological processes, we tend to think that they can’t be trusted....and as a result, cycles of hostility and misperception follow. And finally, war.

If I could get presidents to read one book of political science, this would be it.

The Hidden History of the Korean War by I. F. Stone was originally published in 1952 during the Korean War and republished in 1970 at a time in which the US was engaging in the Vietnam War. This controversial book provides viewpoints that are not widely accepted historically. The author raises questions about the origin of the Korean War and makes the case that the United States government manipulated the United Nations and was critical that the U.S. military and South Korean governments extended the war by undermining the efforts to complete the peace talks.

In this book, Sandal and Fox directly connect religion to mainstream international relations.

They survey the “grand paradigms” of international relations theory and discuss the various ways religion can be integrated into each. This was a useful exercise as both skeptics and champions of religion’s role in international relations have argued it is wholly separate from existing theories.

To me, its most valuable contribution was their suggestion that religion can be a source of the power and resources states struggle over, in contrast to many scholars on religion and international relations who assume religion overcomes power politics.

They also discussed religious legitimacy as a potential tool for states. These provided a useful starting point for my exploration of religion as an often-disruptive force in foreign policy.      

A veritable tome documenting the entire history of Middle East peace negotiations between Israel and its neighbors, including Syria, by Dennis Ross, the envoy who was on the inside throughout. Important revelations and insights emerge from the pages of this in-depth narrative of these torturous negotiations. It debunks the myth that no solutions had been or can be found. But despite agreements on all sides, one party or the other usually walked away. Because of my work in Israel, Jordan, Oman, Syria, and the Emirates, I found this book to be particularly valuable. And, now that I’ve come to know Dennis Ross personally, I value his contributions even more. 

General William Howe was among the most important figures in the American Revolution, commanding British forces during the critical early years of the war.

Biographers have been challenged in understanding this man, largely because of a dearth of his own personal writings. Here, an author has taken the innovative approach of studying the writings of his sister, which reveal her own influential role in the conflict as well as shedding new light on the general, and on his brother Admiral Richard Howe.

The book is a stunning example of new research that brings an entirely new perspective to a family that played an outsized part in shaping the events of the era.

Every so often, I encounter a piece of writing that is so good—so clear, so well-argued, so thought-provoking, such a needed response to what came before—that it is simply a joy to read. To me, this book is one of those pieces. (If you plan to read it, some prior familiarity with John Rawls’ Original Position thought experiment would be helpful.)

Many think that our participation in shared institutions means justice requires us to safeguard the welfare of our country’s most disadvantaged people. Beitz makes a compelling case that, if this is true, our shared participation in an interconnected global economy means justice also requires us to safeguard the welfare of the most disadvantaged people in the world, no matter their country of origin.