Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

Send feedback

What is it?
Screenshots, up to 3 (optional)
or paste one with Ctrl+V

We use your email only to reply to you.

Politics and Government

Statecraft, elections, law, policy, geopolitics and the workings and failings of political institutions. Read by citizens, policymakers and anyone following how power is won and used.

Parts››››››››

Start here

  1. The Economic Consequences of the PeaceJohn Maynard Keynes, 1919
  2. Capitalism, Socialism and DemocracyJoseph A. Schumpeter, 1942
  3. The True BelieverEric Hoffer, 1951
  4. The Strategy of ConflictThomas C. Schelling, 1960
  5. Capitalism and FreedomMilton Friedman, 1962
John Maynard Keynes · 1919

Why Germany could not pay the 1919 reparations, and what they would do to Europe.

Joseph A. Schumpeter · 1942

Capitalism runs on creative destruction, and its success may lead it to socialism.

Eric Hoffer · 1951

Why mass movements of every kind draw the same frustrated people and use one method.

“My favourite book to recommend is The True Believer: Thoughts on the Nature of Mass Movements by Eric Hoffer. There is no discussion about investing, but it is extremely helpful in understanding…” — Joe Rosenberg

Source: Rosenberg on the book he most often recommends

Recommended by: Joe Rosenberg, Mohnish Pabrai and 6 others

Thomas C. Schelling · 1960

Conflict as bargaining: commitment, credible threats and focal points.

Recommended by: Naval Ravikant

Milton Friedman · 1962

Economic freedom as a condition of political freedom, applied to policy questions.

Recommended by: Marc Andreessen

Donald Horne · 1964

An indictment of 1960s Australia as provincial, philistine and living on its luck.

Alfred E. Kahn · 1970

The economics of regulated industries, from pricing at marginal cost to competition.

Robert A. Caro · 1974

How an unelected official amassed power and used it to rebuild New York.

Richard A. Posner · 1976

Antitrust should rest on the economics of efficiency, not on protecting competitors.

Milton Friedman · 1980

The case for free markets and limited government, policy area by policy area.

Chalmers A. Johnson · 1982

How Japan's trade ministry steered industry from 1925 to 1975.

Thomas K. McCraw · 1984

A century of US regulation through four figures, from Charles Francis Adams to Kahn.

Marc Reisner · 1986

How rival federal agencies dammed the American West's rivers for water projects.

Hernando de Soto · 1989

A study of Lima's informal economy and the legal costs that keep the poor outside it.

Robert Wade · 1990

How Taiwan's state steered industry, making the case for directed East Asian growth.

János Kornai · 1992

How socialist economies really worked: soft budgets, shortage and party power.

Terry Lynn Karl · 1997

Why oil booms left Venezuela, Iran, Nigeria and others with unstable states.

James C. Scott · 1998

Why large state plans fail when they override local, practical knowledge.

Lee Kuan Yew · 2000

How Singapore's leaders chose policies, from courting multinationals onward.

Hernando de Soto · 2000

The poor hold assets but lack the property records that turn them into capital.

Robert A. Caro · 2002

How Lyndon Johnson mastered the Senate's rules and became its majority leader.

Allan H. Meltzer · 2003

The Fed from 1913 to 1951, told from its own minutes and internal memos.

Philip E. Tetlock · 2005

A 20-year test of 28,000 expert forecasts: foxes with many models beat hedgehogs.

“All pundits and commentators should publish their prediction track records, yet don't. What to pay attention to and what to ignore.” — Marc Andreessen

Source: @pmarca, 'Thread: Books I've recently read and recommend'

Recommended by: Marc Andreessen, Michael Mauboussin and 2 others

Michael Pollan · 2006

Four meals traced to their sources, from fast food and organic to hunted and grown.

Vaclav Smil · 2010

Tests the popular comparison of America with ancient Rome and finds deep differences.

Recommended by: Bill Gates, Mohnish Pabrai

Barry Eichengreen · 2011

How the dollar became the world's currency, what it gives the US, what may follow.

Steve Coll · 2012

How ExxonMobil acts like a sovereign power, from the Valdez spill to 2011.

Michael L. Ross · 2012

Why oil-rich countries have less democracy, less stability and more civil war.

William Nordhaus · 2013

The economics of climate change, and why a universal carbon price works best.

Richard Baldwin · 2016

Globalisation's two phases: cheap shipping of goods, then cheap movement of ideas.

Recommended by: Satya Nadella

Adam Tooze · 2018

The 2008 crash, the eurozone crisis and the politics after as one connected story.

Daniel Yergin · 2020

Energy and geopolitics in 2020: US shale, Russia, China and the Middle East.

Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, Kris James Mitchener · 2021

Sovereign borrowing from Italian city-states to the pandemic, and what it paid for.

George Jacob Holyoake · 1858

The Rochdale Pioneers by a contemporary; the founding cooperative account.

Louis D. Brandeis · 1914

How bankers used depositors' money to control industry, from the Pujo inquiry.

Ferdinand Pecora · 1939

The 1933 Senate hearings exposing bankers' practices that led to securities laws.

“It's a passage from one of my favorite books, "Wall Street Under Oath.” — Howard Marks

Source: Oaktree memo 'Learning From Enron'

Recommended by: Howard Marks

Catherine Drinker Bowen · 1966

The 1787 Federal Convention in Philadelphia that wrote the US Constitution.

Recommended by: Jim Collins

John Waterbury · 1970

How the palace balances elite factions; still the model for makhzen capitalism.

Robert H. Bork · 1978

Antitrust law should pursue one goal, consumer welfare, and drop the rest.

János Kornai · 1979

A theory of socialist economies, where chronic shortage is the normal state.

Ezra F. Vogel · 1979

What Japan's institutions had solved that America had not, and what to learn.

Edmund Morris · 1979

Theodore Roosevelt's life from his birth in 1858 to the presidency in 1901.

Robert Lacey · 1981

The classic account of the first oil boom and the Al Saud bargain.

Rudiger Dornbusch, Sebastian Edwards · 1991

How Latin American populist economic programmes follow a cycle from boom to collapse.

Walter Isaacson · 1992

Kissinger's life and years in power, where realism, secrecy and strategy met.

David McCullough · 1992

Harry Truman's life and presidency, from the atomic bomb to the Korean War.

Recommended by: Morgan Housel

David Sheff · 1993

How Nintendo conquered the American video game market.

Jeffrey Sachs · 1993

The case for Poland's 1990 shock therapy, from an adviser to the programme.

World Bank · 1993

How East Asian governments' interventions helped produce rapid growth.

Sebastian Edwards · 1995

Latin America's reforms from the 1980s debt crisis to the mid-1990s, assessed.

Juan Gabriel Valdés · 1995

How Chicago-trained Chilean economists came to run economic policy under Pinochet.

Timur Kuran · 1995

Preference falsification: why people hide their views and how that hides change.

“So this is one of the all time great books. Incredible.” — Marc Andreessen

Source: Lex Fridman Podcast #458 transcript — Marc Andreessen

Recommended by: Marc Andreessen

Leszek Balcerowicz · 1995

Essays on moving from socialism to markets by Poland's reforming finance minister.

Bernard Connolly · 1995

An insider's attack on Europe's exchange rate mechanism and monetary union.

Andres Oppenheimer · 1996

Mexico in the NAFTA era: an uprising, assassinations, corruption and a $50bn bailout.

Adam Fforde, Stefan de Vylder · 1996

How Vietnam moved from central planning to a market economy, from field research.

Samuel P. Huntington · 1996

After the Cold War, conflict will follow cultural and religious fault lines.

Katherine Verdery · 1996

Written from Romanian fieldwork; how the planned economy behaved in practice.

Edmund Terence Gomez, Jomo K. S. · 1997

How Malaysian policy shared ownership and rents among ethnic and political groups.

Enrique Krauze · 1997

Modern Mexico from the insurgent priests of the 1810s to Zedillo and the Zapatistas.

Assar Lindbeck · 1997

What went wrong with Sweden's welfare-state model, leading to the 1990s crisis.

Gil Eyal, Iván Szelényi, Eleanor Townsley · 1998

Who took charge of Central Europe's economies after 1989, without a capitalist class.

Lee Kuan Yew · 1998

A founding leader's account of his life and Singapore's politics and history.

Ben S. Bernanke, Thomas Laubach, Frederic S. Mishkin, Adam S. Posen · 1999

How inflation targeting worked in the first countries to adopt it.

Naomi Klein · 1999

Arguments for consumers to question and take on the corporate superbrands.

Ishrat Husain · 1999

Why Pakistan grew for four decades while an elite captured the gains.

Gurcharan Das · 2000

India's economy from independence to 2000, told alongside a P&G executive's career.

A. Denny Ellerman, Paul L. Joskow, Richard Schmalensee, Juan-Pablo Montero, Elizabeth M. Bailey · 2000

How the 1990 US sulphur dioxide allowance trading programme worked in practice.

Chrystia Freeland · 2000

Russia's 1990s privatisation and the rise of the oligarchs, from Moscow.

Ray MacSharry, Padraic White · 2000

Insider: the finance minister and IDA head on how the FDI model was built.

Karl Maier · 2000

Nigeria, Africa's most populous nation, and why things are going badly there.

Gerard Roland · 2000

Formal political economy applied to the move from communism to markets.

Paul Blustein · 2001

How the IMF handled the Asian and Russian crises of 1997 and 1998, from inside.

Michael Pettis · 2001

Emerging-market crises come from the structure of national balance sheets.

Michael Mussa · 2002

The IMF's own former chief economist on the Fund's failures in Argentina.

David C. Kang · 2002

Why similar corruption in South Korea and the Philippines led to different results.

Joseph E. Stiglitz · 2002

An attack on the IMF's one-size-fits-all policies in the crises of the 1990s.

Recommended by: Patrick Collison

Joe Studwell · 2002

Why foreign investors' hopes of profit in 1990s China were mostly disappointed.

Manuel Castells, Pekka Himanen · 2002

The Finnish model: how a welfare state produced a technology cluster.

David E. Hoffman · 2002

Six men and the mechanics of how post-Soviet wealth was assembled.

Alice H. Amsden, Wan-wen Chu · 2003

How Taiwan moved into higher-value industries after its first industrialisation.

Niall Ferguson · 2003

How the British Empire shaped the modern world, from globalisation to democracy.

Recommended by: Mohnish Pabrai

Doris Kearns Goodwin · 2003

How Lincoln brought his three rivals for the 1860 nomination into his cabinet.

Adam B. Jaffe, Josh Lerner · 2004

How 1980s changes turned the US patent system from aid to obstacle for innovation.

Julia Preston, Samuel Dillon · 2004

The citizens' movement of reformers and activists that ended Mexico's one-party rule.

Laurence J. Kotlikoff, Scott Burns · 2004

US fiscal promises far exceed future revenue, which official debt figures hide.

Martin Meredith · 2004

Africa from independence to the present, country by country.

Paul Blustein · 2005

How Argentina and the IMF headed toward the 2001 default and devaluation.

Pietra Rivoli · 2005

One T-shirt traced from a Texas cotton farm to a Chinese factory and beyond.

János Kornai · 2006

An economist's path from young communist in Hungary to analyst of socialism.

Roberto Saviano · 2006

An investigation of a place living under the rule of a murderous crime organisation.

Paul M. Handley · 2006

The monarchy and the Crown Property Bureau as an economic institution.

Alexander Stille · 2006

Berlusconi, media ownership and the capture of regulation.

Joe Studwell · 2007

How Southeast Asia's tycoons got rich from political favours, not productivity.

Ha-Joon Chang · 2007

Rich countries urge poor ones to adopt the opposite of the policies they once used.

Michael Reid · 2007

Latin America is neither doomed to fail nor saved by one reform; a balanced view.

Edward Luce · 2007

An introduction to modern India's rise and its many contradictions.

Recommended by: Mohnish Pabrai

Dan Breznitz · 2007

How Israel, Taiwan and Ireland each used the state to build IT industries.

Paul Collier · 2007

Why about sixty poor countries are stuck, caught in traps such as conflict.

Steve LeVine · 2007

The fight for Caspian Sea oil from the 19th century to the present.

János Kornai · 2008

Eight essays on the post-1989 move from socialism to capitalism.

Martin Meredith · 2008

How Mugabe's Zimbabwe used land seizures and money-printing to hold power.

Josh Lerner · 2009

Why most government efforts to build venture capital sectors fail.

Fintan O'Toole · 2009

Ireland's crash was the product of its political culture, not global finance.

Deborah Brautigam · 2009

What China actually does in Africa, from field research, against Western myths.

David Marsh · 2009

The politics of the euro from postwar plans to its first decade.

Raghuram G. Rajan · 2010

The 2008 crisis grew from political and economic imbalances, not just banker greed.

Naomi Oreskes, Erik M. Conway · 2010

How a few scientists with ties to industry ran campaigns to deny settled science.

Recommended by: Nat Eliason, Elon Musk

E. R. Yescombe · 2010

How PPP concessions are structured, priced and argued over.

Ronen Palan, Richard Murphy, Christian Chavagneux · 2010

The academic account of what havens do and how they compete.

Tim Wu · 2010

Every US information industry moved from an open era to control by one firm.

Recommended by: Patrick Collison, Andrew Chen

Adam Hanieh · 2011

A class analysis of the Gulf states that rejects the standard rentier-state view.

Javier Corrales, Michael Penfold · 2011

How Hugo Chavez turned Venezuela's frail democracy into a semi-authoritarian state.

Anatol Lieven · 2011

Kinship networks, patronage and why the state is weaker and more durable than it looks.

Carl E. Walter, Fraser J. T. Howie · 2011

How China's state-run financial system really works behind its official figures.

Byung-Kook Kim, Ezra F. Vogel · 2011

The authoritative volume on how the developmental state was built.

Nicholas Shaxson · 2011

How offshore finance works, with Britain and the City of London at its centre.

Sheila Bair · 2012

The 2008 crisis from inside the FDIC, which closed failed banks and guarded deposits.

Recommended by: Mohnish Pabrai

Bill Emmott · 2012

Why Italy's economy underperformed, and the firms and places showing it can change.

Ngozi Okonjo-Iweala · 2012

Nigeria's reforms: cutting $30 billion of debt, fighting corruption, restructuring.

George Megalogenis · 2012

How deregulation from 1983 produced three decades without recession.

David Nasaw · 2012

Joseph P. Kennedy's life in banking, film, the stock market and politics.

Recommended by: Mohnish Pabrai, Morgan Housel

Alan S. Blinder · 2013

The 2008 crisis, the policy response and the aftermath, for general readers.

Susan P. Crawford · 2013

How government decisions and monopolies left US internet access slow and costly.

Joe Studwell · 2013

Why some Asian nations grew rich: land reform, export-led industry, directed credit.

“it's a good read for anyone who wants to understand what actually determines whether a developing economy will succeed.” — Bill Gates

Source: Gates Notes review of How Asia Works

Recommended by: Bill Gates, Mohnish Pabrai, Patrick Collison

Graham Allison, Robert D. Blackwill, Ali Wyne · 2013

Lee Kuan Yew's views on China, the United States and world strategy, by topic.

Recommended by: Mohnish Pabrai, Shane Parrish

Michael Axworthy · 2013

Political history that explains who controls which parts of the economy.

Michael Moss · 2013

How processed-food makers engineer salt, sugar and fat to make people eat more.

Neil Irwin · 2013

The 2007 to 2012 crises through three central bankers: Bernanke, King and Trichet.

Anat Admati, Martin Hellwig · 2013

Why banks should fund themselves with far more equity, and why their objections fail.

Benn Steil · 2013

The 1944 Bretton Woods conference as a contest between Keynes and Harry Dexter White.

Joseph R. Blasi, Richard B. Freeman, Douglas L. Kruse · 2013

Broad employee ownership as an American tradition, and the case for reviving it.

Michael Pettis · 2013

Trade imbalances come from policies that hold down household consumption.

Juan Zarate · 2013

Insider account of the financial-warfare machinery that isolates Iranian banks.

Michael Reid · 2014

Brazil's rise toward economic power and the many problems it still faces.

Charles W. Calomiris, Stephen H. Haber · 2014

Whether a nation's banks are stable or crisis-prone is decided by its politics.

Atif Mian, Amir Sufi · 2014

County data showing household debt, not the banks, caused the Great Recession.

Nicholas R. Lardy · 2014

Data showing China's growth came from private firms, not the state sector.

Eileen Appelbaum, Rosemary Batt · 2014

What private equity does to companies, workers and investor returns, critically.

Hans-Werner Sinn · 2014

Southern Europe lost competitiveness under the euro; a German critic's remedies.

Ayesha Jalal · 2014

Why the security state crowded out the productive economy from the start.

Henry Kissinger · 2014

Competing regional ideas of legitimate order and the balance of power.

Henry M. Paulson · 2015

Twenty-five years negotiating with Chinese officials, from Goldman to the Treasury.

Bill Browder · 2015

An investor in Russia is expelled, his firms seized, and his lawyer Magnitsky dies.

“my favorite read of the year, Bill Browder's terrific Red Notice... I highly recommend the read” — Christopher Bloomstran

Source: Semper Augustus 2022 Letter to Clients, 'Books and Stuff', p. 73

Recommended by: Christopher Bloomstran, Mohnish Pabrai and 6 others

Gabriel Zucman · 2015

How much wealth is hidden in tax havens, and how to tax it.

Tom Burgis · 2015

How Africa's oil and minerals are extracted in ways that leave its people poorer.

Yanis Varoufakis · 2016

The euro's design flaws traced back through the postwar monetary system.

Alex Cuadros · 2016

Brazil's billionaires during the boom, and what their fortunes say about inequality.

Arthur R. Kroeber · 2016

A question-and-answer guide to how China's economy works.

Tom Wainwright · 2016

The drug trade as a business: how cartels handle supply chains, staff and branding.

Joseph E. Stiglitz · 2016

The euro rests on false assumptions; Europe must complete the union or end it.

Markus K. Brunnermeier, Harold James, Jean-Pierre Landau · 2016

The euro crisis as a clash between German and French economic traditions.

Bastian Obermayer, Frederik Obermaier · 2016

Insider: the reporters who received and worked the Mossack Fonseca leak.

Peter Conti-Brown · 2016

What Fed independence legally is, versus what people assume.

Ruchir Sharma · 2016

Ten rules for judging whether a country's economy will rise or fall.

Recommended by: Patrick Collison

David Coltart · 2016

Zimbabwe's history from Rhodesia's 1965 break to Mugabe, by a lawyer and MP.

Yanis Varoufakis · 2017

Greece's 2015 debt talks with its creditors, by its finance minister at the time.

Elisabeth Rosenthal · 2017

How US healthcare became so costly and broken, and what patients can do.

Neil Monnery · 2017

John Cowperthwaite, Hong Kong's Financial Secretary in the 1960s, and his policies.

Costas Meghir, Christopher A. Pissarides, Dimitri Vayanos, Nikolaos Vettas · 2017

How the Greek economy actually works: its product markets, courts and firms.

Alexander Cooley, John Heathershaw · 2017

How Central Asia's rulers use offshore firms, foreign banks and Western property.

Kim Phillips-Fein · 2017

New York's 1975 fiscal crisis and the austerity politics it taught the nation.

Jake Bernstein · 2017

How the offshore shell-company industry is actually built and sold.

Dani Rodrik · 2017

For trade, but against hyperglobalisation that overrides national choices.

Richard Nephew · 2017

Insider account by the US official who designed the Iran sanctions programme.

Richard Rothstein · 2017

How federal housing policy engineered segregation.

Zeynep Tufekci · 2017

Why the platform mattered politically, and what that cost it.

Tom Wright, Bradley Hope · 2018

How Jho Low diverted billions from Malaysia's 1MDB fund into parties and politics.

Ashoka Mody · 2018

The euro from its intellectual origins to 2018, in nine acts.

Marcin Piatkowski · 2018

How Poland achieved Europe's fastest sustained growth after 1989.

Adam Hanieh · 2018

How the Gulf states became central to the Middle East's political economy after 2011.

Oliver Bullough · 2018

How the offshore world lets officials who steal money hide it and spend it abroad.

Ellen R. Wald · 2018

Saudi Arabia told through its oil business, from the 1930s concession to Aramco.

Ivor Chipkin, Mark Swilling, Haroon Bhorat · 2018

How South Africa's state was captured, traced through procurement documents.

James Crabtree · 2018

Crony capitalism, promoter leverage and the bad-loan crisis.

Tim Wu · 2018

How antitrust shrank to a consumer price test, and the case for breaking up giants.

Recommended by: Jeff Jordan

Jerry Z. Muller · 2018

How fixation on measured performance damages the work it is meant to improve.

Anand Giridharadas · 2018

How the global elite's efforts to change the world keep the status quo in place.

Adele Ferguson · 2019

The Australian banking misconduct that led to the 2018 Royal Commission.

Tyler Cowen · 2019

A defence of American business on fraud, CEO pay, monopoly and tech, issue by issue.

Katherine Eban · 2019

Fraud in data and manufacturing at offshore generic-drug plants.

Matt Stoller · 2019

A political history of American monopoly and of the tradition that fought it.

Recommended by: David Heinemeier Hansson

Nicholas R. Lardy · 2019

How China's state sector returned after 2012 and slowed growth.

Christopher Cramer, John Sender, Arkebe Oqubay · 2020

A challenge to donor orthodoxy on how African economies should develop.

Bradley Hope, Justin Scheck · 2020

Mohammed bin Salman's rise to power in Saudi Arabia and the decisions that followed.

Tom Burgis · 2020

How money from resource-rich autocracies flows into Western finance and law.

T2 MBS
Ben Hubbard · 2020

How Mohammed bin Salman consolidated power in Saudi Arabia.

Gerald Posner · 2020

The US drug industry from patent medicines to the opioid epidemic and the Sacklers.

Catherine Belton · 2020

The KGB network's recapture of the commanding heights.

Ulrike Schaede · 2020

Japanese firms after 1990 moved into hidden upstream niches rather than stagnate.

Matthew C. Klein, Michael Pettis · 2020

Trade imbalances come from how income is shared within countries.

Desmond Shum · 2021

Insider account of doing deals through Party patronage, and losing everything.

Kristen R. Ghodsee, Mitchell Orenstein · 2021

What happened to Eastern Europe in the thirty years after 1989, measured.

Chris Miller · 2022

How chips became the key to economic and military power, made in a few chokepoints.

Recommended by: Andrew Wilkinson

Sebastian Edwards · 2023

Chile's market reforms under Pinochet and their results up to the 2019 protests.

Mustafa Suleyman, Michael Bhaskar · 2023

Why AI and synthetic biology will spread fast and cheaply, and how to contain them.

“Everything is about to be changed by AI in a radical, scary way” — Andrew Wilkinson

Source: Newsletter

Recommended by: Andrew Wilkinson, Bill Gates and 1 other

Andre de Ruyter · 2023

Eskom's former chief executive on why South Africa's power supply can't be fixed.

Henry Farrell, Abraham Newman · 2023

How trade and payment chokepoints became instruments of state coercion.

Wolfgang Munchau · 2024

Why Germany's economic model has ended, and why the causes are structural.

Sulmaan Wasif Khan · 2024

Current account of the cross-strait risk that prices every Taiwanese asset.

Patrick McGee · 2025

How Apple built its manufacturing base in China, and what it gave China in return.

“This is a phenomenal read... A brilliantly researched book. This book was hard to put down.” — Christopher Bloomstran

Source: Semper Augustus 2025 Letter to Clients, 'Books and Music', p. 87

Recommended by: Christopher Bloomstran

Edward Fishman · 2025

How the US made sanctions and economic warfare its main tool of coercion.

Alexander C. Karp, Nicholas W. Zamiska · 2025

Insider manifesto by Palantir's CEO on tech and national power.

Evan Thomas, Walter Isaacson

Six friends, including Acheson, Harriman and Kennan, who shaped US foreign policy.

Recommended by: Mohnish Pabrai

Marquis W. Childs · 1936

The book that made the Swedish model an international reference point.

James Burnham · 1943

Elite theory: who actually rules, and why stated aims mislead

“The book that I always recommend on this topic is called "The Machiavellians," which is this sort of a famous book from the 1940s” — Marc Andreessen

Source: The a16z Show — Marc Andreessen with David Senra (transcript)

Recommended by: Marc Andreessen

Mahathir bin Mohamad · 1970

Mahathir's case for Malay preferences that became the New Economic Policy.

Just Faaland, J. R. Parkinson · 1976

The founding pessimist study; useful baseline for what was later beaten.

E. Richard Brown · 1979

How Rockefeller philanthropy reshaped American medicine.

Charles R. Morris · 1980

Contemporary anatomy of the same fiscal crisis, written from the numbers.

Andrew Chetley · 1986

The fight over infant formula marketing and the boycott of Nestlé.

Sterling Seagrave · 1988

How Ferdinand and Imelda Marcos built crony monopolies and hid their wealth abroad.

Alan Richards, John Waterbury · 1990

Egypt is the anchor case throughout; the standard textbook on regional state-business relations.

Jill Crystal · 1990

How oil revenue let rulers buy out the merchant families; the origin of the modern business elite.

Donald Rothchild · 1991

The Rawlings structural adjustment, the reference case for African reform.

David P. Demarest · 1992

Documentary history of the strike, assembled from contemporary sources.

Alfred W. McCoy · 1993

The family dynasties that have run the Philippines' politics and conglomerates.

Jahangir Amuzegar · 1993

The earlier survey: nationalisation, war financing and the bonyad economy.

James G. Burton · 1993

Insider account of the Bradley programme and operational testing.

Roger Douglas · 1993

The case for sweeping reform from the finance minister who forced it through.

Pasuk Phongpaichit, Sungsidh Piriyarangsan · 1994

Field research on how money actually moves through Thai officialdom.

Barbara Sturken Peterson, James Glab · 1994
Barry P. Bosworth, Rudiger Dornbusch, Raúl Labán · 1994

Brookings assessment of the reform package by economists who took it seriously.

Joseph Collins, John Lear · 1995

The critical case; distributional costs behind the headline growth numbers.

Pasuk Phongpaichit, Chris Baker · 1995

The pre-crisis baseline: how the boom economy was actually structured.

Ivan T. Berend · 1996

Economic history that explains the industrial base the Czechs privatised.

Javier Martínez, Alvaro Díaz · 1996

How the productive structure and business class were remade after 1973.

Brian Easton · 1996

The post-war economy through the liberalisation, by its best chronicler.

Jonathan Boston, John Martin, June Pallot, Pat Walsh · 1996

The state-sector redesign other governments copied; contracts, outputs, accountability.

Philip J. Hilts · 1996

The truth behind the tobacco industry's cover-up.

Eun Mee Kim · 1997

The state-chaebol bargain and how it shifted over forty years.

James Dale Davidson, William Rees-Mogg · 1997

1997 forecast of digital money weakening the nation state

Taras Kuzio · 1997

The Kuchma years in which Ukraine's oligarchic structure formed.

Paul D. Hutchcroft · 1998

Why oligarch families captured the banks rather than the state capturing business.

Neil deMause, Joanna Cagan · 1998

How team owners extract public money for stadiums by threatening to move.

Pasuk Phongpaichit, Chris Baker · 1998

The definitive account of the bubble and the baht devaluation that started the Asian crisis.

Michael Backman · 1999

Written straight after the 1997 crisis on opacity, related-party dealing and family control.

Maude Barlow, Tony Clarke · 1999

The case against water privatisation and the companies buying up water supplies.

Paul Klebnikov · 2000

Boris Berezovsky and the businessmen who looted Russia after the Soviet collapse.

Pasuk Phongpaichit, Chris Baker · 2000

Follow-up on the IMF programme, bank restructuring and who paid for it.

Stephen Kinzer · 2001

Turkey caught between two worlds, its politics up to the 2001 bank crisis.

Paul Ginsborg · 2001

Italy from 1980 to 2001: family capitalism, patronage and the state.

Martha Brill Olcott · 2001

The standard account of Nazarbayev-era state building and asset allocation.

Craig Addison · 2001

The argument that Taiwan's chip industry protects it from Chinese attack.

R. E. Elson · 2001

Suharto's rise and the New Order patronage economy behind Indonesian business.

Jomo K. S. · 2001

Malaysia's 1997-98 crisis and its unorthodox answer of capital controls.

Peter Drahos, John Braithwaite · 2002

How the TRIPS treaty spread patent and copyright rents worldwide, drugs included.

Timothy Mitchell · 2002

How experts, capital and land were arranged in modern Egypt.

Arang Keshavarzian · 2003

How informal credit, trust networks and trade finance work when the banking system does not.

Richard A. Werner · 2003

A contested but influential reading of the Bank of Japan's credit guidance.

Recommended by: Patrick Collison

Denny Roy · 2003

How great powers and local people fought over Taiwan, through the party-state era.

Shalendra D. Sharma · 2003

Country-by-country anatomy of the crisis, reform and recovery.

Tobias Jones · 2003

A writer who moved to Italy in 1999 on its courts, bureaucracy and darker side.

Arsenio M. Balisacan, Hal Hill · 2003

The standard economics volume: trade, banking, land and industrial policy.

Timothy B. Smith · 2004

Welfare, insider protection and why French reform keeps stalling.

Steven Heydemann · 2004

Why economic reform in the Middle East reshuffled privilege rather than ending it.

Duncan McCargo · 2004

Essays on Vietnam's state, business and the limits of its reform coalition.

Pasuk Phongpaichit, Chris Baker · 2004

Telecoms billionaire turned prime minister; the clearest study of business-politics fusion in Thailand.

Walden Bello, Herbert Docena, Marissa de Guzman, Mary Lou Malig · 2004

How the Philippine elite blocked reform through liberalisation and debt after Marcos.

Marcia Angell · 2004

How drug companies turned from discovering drugs to marketing them.

Richard Lloyd Parry · 2005

Indonesia's 1997-98 collapse and the fall of Suharto, reported on the ground.

Alice Poon · 2005

The clearest short account of how the property oligopoly extracts rent.

Patricio N. Abinales, Donna J. Amoroso · 2005

Why the Philippine state stays weak while strong families hold power.

David Ost · 2005

How Poland's Solidarity union won the transition and lost the workers after it.

Carol Off · 2006

Cocoa supply chain and child labour behind confectionery majors.

J. C. Sharman · 2006

How small jurisdictions fought off the OECD's harmful tax competition drive.

Farouk Al-Kasim · 2006

How Norway designed its oil licensing system, told by the geologist behind it.

Craig Murray · 2006

A UK ambassador's account of Uzbekistan's cotton trade and its abuses.

Anders Åslund, Michael McFaul · 2006

Ukraine's 2004 Orange Revolution, the oligarchs and why they kept their assets.

Henri Ghesquiere · 2006

An IMF economist on which policies were actually causal, and which transferable.

Julio F. Carrión · 2006

Stabilisation, privatisation and the authoritarian bargain that delivered them.

Pietro Masina · 2006

Industrial policy and FDI dependence assessed against the East Asian model.

Macartan Humphreys, Jeffrey D. Sachs, Joseph E. Stiglitz · 2007

Norway is the counterexample the whole volume is arranged around.

Anders Aslund, Anders Åslund · 2007

Comparative transition account; Czech vouchers judged against other sequencing choices.

Ayesha Siddiqa · 2007

The Pakistan army's foundations, land and industrial holdings, mapped in full.

Leo Goodstadt · 2007

How Hong Kong's banks and bank crises shaped the miracle economy.

Torben M. Andersen, Bengt Holmstrom, Seppo Honkapohja, Sixten Korkman, Hans Tson Soderstrom, Juhana Vartiainen · 2007

Economists' report on how small open economies combine flexibility with heavy taxation.

Alfonso W. Quiroz · 2008

Two centuries of graft quantified; the cost of doing business, measured.

Shuja Nawaz · 2008

The history of Pakistan's army and its hand in how the country is governed.

Christopher M. Davidson · 2008

The emirate's development model and its structural dependencies.

Bruce K. Rutherford · 2008

How Egypt's judges, business elite and Islamists sought a path toward liberalism.

James Bessen, Michael J. Meurer · 2008

Evidence that patents work poorly as property; the IP-as-asset skeptic case.

Mitchell A. Orenstein · 2008

How Chile's AFP model was exported worldwide, and who profited.

Mary Hilson · 2008

What the Nordic model is, where it came from and where the countries differ.

Christopher M. Davidson · 2009

How Abu Dhabi's oil wealth built the emirate and gave rise to its sovereign funds.

Dambisa Moyo · 2009

Polemical, but the case for bond-market financing over aid is argued in investor terms.

Ivan T. Berend · 2009

Covers EU accession as the main driver of Romanian institutional change.

Robert Lacey · 2009

Saudi Arabia's oil wealth, religious establishment and attempts at reform.

Michela Wrong · 2009

Whistleblower's account of the Anglo Leasing procurement scandals; essential country risk reading.

Recommended by: Patrick Collison

Roger Boyes · 2009

Contemporaneous reporting on the collapse and the Icesave dispute.

Jane Hardy · 2009

Foreign investment, labour and the costs of the transition, told critically.

Filipe Ribeiro de Meneses · 2009

Salazar and the corporatist Estado Novo economy he ran in Portugal.

Ziya Onis, Fikret Senses · 2009

Academic account of the post-2001 reform programme and its unwinding.

Robert Glennon · 2009

Glennon's case for pricing and trading water rights.

Matt Cooper · 2009

The developer-banker-politician network that inflated the property bubble.

Michael Peel · 2010

The Niger Delta oil economy reported at ground level.

Peadar Kirby · 2010

Structural reading of why the growth model was fragile from the start.

Syed Ali · 2010

How Dubai became a centre for business and luxury, and the migrant labour beneath it.

Tarek Osman · 2010

Egypt from Nasser to Mubarak: its politics, economy and crony privatisations.

Steven Radelet · 2010

Ghana as lead exhibit in the case for African growth turnarounds.

Sebastian Edwards · 2010

Why growth kept disappointing despite reform; good on institutions and productivity.

Pauline Jones Luong, Erika Weinthal · 2010

Why ownership structure, not oil itself, set post-Soviet states' fortunes.

William D. Hartung · 2010

Lockheed Martin as a case study in the contractor-state relationship.

Richard B. Freeman, Birgitta Swedenborg, Robert H. Topel · 2010

NBER volume on the post-crisis reforms that restored Swedish growth.

Riordan Roett · 2010

Institutional history of the stabilisation that made the commodity boom possible.

Bill Hayton · 2010

Vietnam's rapid change under Party control, state firms and the doi moi reforms.

Ian Scoones · 2010

Ten years of field data on what actually happened to seized farmland.

Mahathir bin Mohamad · 2011

Memoir by the architect of the industrial policy and the capital controls.

Alistair Darling · 2011

A UK chancellor's memoir of the bank crisis, the guarantee and nationalisations.

David Erdal · 2011

An owner who converted his own firm, on employee ownership in practice.

James Rickards · 2011

Popular account of competitive devaluation as policy.

Ahmed Kanna · 2011

Dubai governed openly as a company, and what that means for those who invest there.

Tadeusz Kowalik · 2011

The critique of the transition's distributional cost.

Daniel Branch · 2011

Ethnic coalition politics as the mechanism that allocates economic rents.

Maleeha Lodhi · 2011

Essays on Pakistan's energy, taxes, banking and the reforms they need.

Allen J. Fromherz · 2011

How the Al-Thani family shaped modern Qatar and took hold of its gas wealth.

Chuck Sudetic · 2011

George Soros's Open Society foundations and what they funded.

Steven A. Cook · 2011

Egypt from Nasser to Tahrir Square, and its state-run economy and opening.

Jothie Rajah · 2012

How an authoritarian state uses law as an instrument of control.

Larry Rohter · 2012

The commodity-boom decade and the institutions underneath it.

David W. P. Elliott · 2012

How Vietnam's Communist Party talked itself into opening the economy and joining WTO.

Tom Watson, Martin Hickman · 2012

Phone hacking, by the MP who pursued it in Parliament.

Alexander Cooley · 2012

How Central Asian states play the outside powers off against each other.

David McKnight · 2012

Rupert Murdoch's political power, arguing his politics drove his business.

Carlo Bastasin · 2012

The 2010-12 euro-zone rescues and the national politics behind each one.

Christopher Balding · 2012

How these funds actually invest and what governs them; NBIM as benchmark.

Dieter Helm · 2012

Why climate policy failed to cut emissions as coal use kept rising.

Fred Pearce · 2012

The rush to buy farmland across the developing world, and who loses from it.

Christopher Davidson · 2013

The political-risk case that the Gulf monarchies will not last.

Rory Carroll · 2013

Reported from inside the Chávez government as expropriation accelerated.

Sebastian Royo · 2013

The cajas, the construction boom and the political economy of the bailout.

Morten Jerven · 2013

Ghana's 2010 GDP rebasing is the central case; read before trusting any African macro series.

Recommended by: Bill Gates

Mehran Kamrava · 2013

How Qatar's sovereign wealth fund serves its foreign policy.

Philip Shishkin · 2013

Kyrgyzstan's revolutions, asset seizures and the Bakiyev family's businesses.

Gordon L. Clark, Adam D. Dixon, Ashby H. B. Monk · 2013

The reference on SWF governance; Norges Bank Investment Management is the central case.

Anthony Bebbington, Jeffrey Bury · 2013

Mining and hydrocarbon conflict in the Andes; the social licence problem.

Moises Naim · 2013

Why incumbent power in states, firms and armies now erodes faster

Recommended by: Mark Zuckerberg

Jonathan V. Last · 2013

Fertility decline argued as an economic rather than a moral problem.

Andrew MacGregor Marshall · 2014

Thailand's royal succession and the political violence and censorship around it.

Gudrun Johnsen · 2014

By an investigator on the Special Investigation Commission; connected lending and cross-ownership.

Eirikur Bergmann · 2014

Political economy of the boom, the Icesave dispute and the aftermath.

Yannis Palaiologos · 2014

Reporting on how Greek institutions failed, sector by sector.

Anders Åslund, Simeon Djankov · 2014

Includes the Czech voucher scheme written up by people who designed and criticised it.

Jahangir Amuzegar · 2014

Former finance minister on subsidies, privatisation and the rial.

George Megalogenis · 2015

Migration and openness as the source of Australia's long-run growth.

Steffen Hertog, Giacomo Luciani, Marc Valeri · 2015

How business associations and state elites actually bargain across the region.

Martin Sandbu · 2015

Argues the currency was not the problem, the crisis management was; the best contrarian case.

Suzanne Maloney · 2015

The standard survey: bonyads, IRGC commercial holdings, subsidies and sanctions.

Arkebe Oqubay · 2015

Insider account of the cement, floriculture and leather sectors by the official who ran the policy.

Stathis N. Kalyvas · 2015

How modern Greece's state developed, up to the debt crisis that began in 2010.

Linsey McGoey · 2015

A critique of the Gates Foundation and the rise of philanthrocapitalism.

Linda Lim · 2015

Retrospective essays on the limits of the model and what comes next.

Marion Nestle · 2015

How soda makers built global brands, the health costs, and the push to tax soda.

David S. Abraham · 2015

How minor metals are mined, traded and hoarded.

James Angelos · 2015

Greece's crisis seen in its villages and streets: tax evasion and informal work.

Alina Mungiu-Pippidi · 2015

How some societies get corruption under control while others stay corrupt.

Alex de Waal · 2015

The 'political marketplace' framework: how loyalty is priced and paid for in the region.

Anders Åslund · 2015

The oligarch model, gas trading rents and the post-Maidan reform agenda.

Tobias Hagmann, Filip Reyntjens · 2016

How donor money underwrote the EPRDF developmental state.

Brooke Harrington · 2016

A sociologist trains as a wealth manager to show how fortunes are shielded offshore.

Raúl Gallegos · 2016

The mechanics of subsidised fuel, multiple exchange rates and arbitrage as a national industry.

Nathan Bomey · 2016

Detroit's Chapter 9 bankruptcy, the largest by a US city, from inside the case.

George Papaconstantinou · 2016

The Greek debt crisis and first bailout, told by the finance minister who signed it.

Vijay Joshi · 2016

The reform agenda India has still not executed.

Bradley Birkenfeld · 2016

Insider: the UBS banker whose disclosure ended cross-border Swiss secrecy.

Bálint Magyar · 2016

A framework for how ownership is reassigned politically; the most useful guide to Hungarian counterparty risk.

Simon Waldman, Emre Caliskan · 2016

How Turkey's institutions, media and business were reorganised under AKP rule.

Aaron Perzanowski, Jason Schultz · 2016

How licensing in place of sale strips buyers of control over what they paid for.

Kristian Coates Ulrichsen · 2016

Sovereign funds, diversification plans and the limits of the rentier bargain.

Joshua Cooper Ramo · 2016

Power in a networked age; connection as the source of advantage

Recommended by: Reid Hoffman

Pasuk Phongpaichit, Chris Baker · 2016

Concentration of wealth, land and market power among a few families.

Domingo Cavallo, Sonia Cavallo Runde · 2017

Insider: the economy minister who built convertibility defending the record.

Michael Vatikiotis · 2017

Southeast Asia's politics and conflicts, seen by a mediator at the negotiating table.

Adriaan Basson, Pieter du Toit · 2017

The Zuma years assembled into a single narrative of capture.

Crispian Olver · 2017

Municipal tender corruption reconstructed from the inside.

Greg Mills, Olusegun Obasanjo, Jeffrey Herbst, Dickie Davis · 2017

Operator-facing handbook on governance and growth constraints across the continent.

Edmund Terence Gomez, Thirshalar Padmanabhan, Norfaryanti Kamaruddin, Sunil Bhalla, Fikri Fisal · 2017

Who actually controls the GLCs that dominate the local market.

Paul Lendvai · 2017

How Viktor Orbán won and holds power in Hungary through nationalism and patronage.

Soner Cagaptay · 2017

How Erdogan's consolidation reshaped who wins contracts.

Pieter-Louis Myburgh · 2017

The state-capture network and how state enterprises were monetised.

Chris McGreal · 2018

How drug makers, regulators and distributors let the US opioid epidemic grow.

Susan P. Crawford · 2018

Why America lags in fibre-optic broadband, and the case against the cable incumbents.

Ngozi Okonjo-Iweala · 2018

The same author on what happened when the reforms were resisted.

Oliver Nachtwey · 2018

The insecure jobs and falling mobility behind Germany's export success.

Ishrat Husain · 2018

Insider on why Pakistani institutional reform keeps failing at implementation.

Clare Rewcastle Brown · 2018

How a journalist uncovered the 1MDB fraud, told first-hand.

Andrew Selee · 2018

How deeply the two economies are now integrated.

Tobias Buck · 2019

Spain's financial crisis, its bank rescue and the shape of the country's recovery.

Montek Singh Ahluwalia · 2019

Insider memoir by the architect of much of the reform programme.

Ishac Diwan, Adeel Malik, Izak Atiyas · 2019

Firm-level evidence on politically connected business; Egypt is the core case.

Joanna Lillis · 2019

Reporting on the succession, Zhanaozen and how the state and business interlock.

Jim Krane · 2019

How the Gulf monarchies' cheap domestic energy became their central fiscal problem.

Hannah Lucinda Smith · 2019

Reporting on the construction-and-credit growth model and who benefited.

Soner Cagaptay · 2019

Erdogan's drive to make Turkey a great power, and its cost to the lira and budget.

Pieter-Louis Myburgh · 2019

Procurement capture inside the governing party.

Arkebe Oqubay, Kenichi Ohno · 2019

Technological learning and catch-up; the theory behind Ethiopia's industrial parks.

Ahmet T. Kuru · 2019

Why Muslim-majority countries lag: an old alliance of clerics and military states.

Anders Aslund · 2019

How the rent-extraction system is organised under Putin.

Bálint Magyar · 2019

A framework for post-communist regimes, built on the Hungarian case.

Richard Pomfret · 2019

The standard economic survey: resource rents, transit corridors, reform records.

Brad Smith, Carol Ann Browne · 2019

Insider account by Microsoft's president on tech policy and regulation.

Douglas Rogers · 2019

The 2017 coup reported from inside, including its business backers.

Paul D'Anieri · 2019

Gas transit, trade dependence and the economics under the Ukraine-Russia conflict.

Antony Dapiran · 2020

Hong Kong's 2019 protests, from the extradition bill to months of street battles.

Aaron Jakes · 2020

Colonial economism and the debt-and-cotton origins of the modern Egyptian economy.

David Dayen · 2020

Concentration traced sector by sector through its effects on customers.

William Lazonick, Jang-Sup Shin · 2020

The academic case that repurchases hollow out corporate investment.

Ross Douthat · 2020

Argument that rich societies have stagnated into repetition and sterility

Recommended by: Peter Thiel

Daniel M. Brinks, Steven Levitsky, Maria Victoria Murillo · 2020

Why Latin America's written rules often go unenforced, and what that costs.

Guillaume Pitron · 2020

The rare metals behind green tech and devices, and China's hold on their supply.

David Rundell · 2020

Modern Saudi Arabia's history, and whether its system can change as Vision 2030 asks.

Javier Blas, Jack Farchy · 2021

Glencore, Vitol, Trafigura and Cargill; the definitive book on the trading houses.

Ben S. Bernanke · 2022

Insider account of the Fed from Burns through the QE era.

Jennifer D. Sciubba · 2022

A political demographer on what the numbers do and do not determine.

Scott Higham, Sari Horwitz · 2022

The drug distributors behind the opioid epidemic and the lawsuits against them.

Oliver Bullough · 2022

How Britain built its overseas territories into a deliberate service industry.

Lori Garver · 2022

NASA insider on the policy fight that funded commercial crew.

Rana Foroohar · 2022

The case for localisation after the pandemic supply shocks.

Jorge Pontes, Marcio Anselmo · 2022

Insider: two federal police delegates on the Lava Jato investigation.

Balaji Srinivasan · 2022

Argument that online communities can become sovereign; crypto-native politics

William Neuman · 2022

Reporting on the endgame: PDVSA's decay, default, sanctions and dollarisation.

Henry Sanderson · 2022

Lithium, cobalt and nickel supply chains behind the EV build-out.

Brendan Ballou · 2023

The prosecutorial case against the industry KKR created; read as counterweight.

Tim Schwab · 2023

An investigative case against the power of the Gates Foundation.

Austin Frerick · 2024

How ownership of American agriculture came to sit with a few families and firms.

Raj M. Shah, Christopher Kirchhoff · 2024

Insiders on Pentagon-Valley contracting where Palantir won

Niccolò Machiavelli · 1531

Recommended by: Peter Thiel

Bryan Stevenson · 1600

A lawyer's memoir of fighting wrongful convictions, such as Walter McMillian's.

Henry S. Randall, J. B. Lippincott, Company · 1858

Recommended by: Mohnish Pabrai

Karl Marx · 1867

Recommended by: Elon Musk

James Burnham · 1941

Why managers and technocrats would replace capitalists as society's ruling class.

Recommended by: Marc Andreessen

Isabel Paterson · 1943

An inquiry into the nature of freedom and the uses of power.

Recommended by: Marc Andreessen

Leo Strauss · 1948

A reading of Xenophon's Hiero, where a tyrant and a poet weigh the uses of tyranny.

Recommended by: Peter Thiel

Bertrand Russell · 1951

Ways to end humanity's conflicts with nature, with other people and within the self.

Recommended by: Patrick Collison

Whittaker Chambers · 1952

Recommended by: Marc Andreessen

T4 Boss
Mike Royko · 1971

Recommended by: Audrey Gelman

David D. Friedman · 1973

The case for anarcho-capitalism, a society run on markets without a state.

Recommended by: Marc Andreessen

Robert Jervis · 1976

Cognitive psychology applied to how leaders misperceive each other in foreign policy.

Recommended by: Bill Gates

William Greider · 1987

The Volcker Fed from the inside; still the fullest political account.

Recommended by: Mohnish Pabrai

Peter Huber · 1987

A report on competition in the telephone industry.

Recommended by: Mohnish Pabrai

Michael G. Schatzberg · 1987

Dated but the clearest treatment of the settler-to-Kenyan capital handover.

Paul Kennedy · 1987

Military spending measured against the economy that has to carry it.

“The River Out of Eden by Richard Dawkins, The Rise and Fall of the Great Powers by Paul Kennedy” — Ray Dalio

Source: Ray Dalio Reddit AMA, r/IAmA (u/RayTDalio)

Recommended by: Ray Dalio, Michael Wong

Noam Chomsky · 1989

How media in democracies serve state and corporate power while claiming independence.

Recommended by: Eric Weinstein

Anthony J. Badger · 1989

An interpretation of the New Deal and of the historians who have written on it.

Recommended by: Paul Graham

Li Lu · 1990

Memoir of the Cultural Revolution and Tiananmen; his only English-language book.

Recommended by: Mohnish Pabrai

Eric Hobsbawm · 1990

An enquiry into nationalism since 1780: its programme, its myths and its reality.

Recommended by: Patrick Collison

Norman Antokol · 1990

An analysis of political hostage-taking by terrorists in the modern world.

Recommended by: Patrick Collison

George Soros · 1990

A financier's account of his growing involvement in opening up the Soviet system.

Michael E. Porter · 1991

Study of Canadian competitiveness with the Monitor Company

Michael Lewis · 1991

The cultural rift between America and Japan, through people working across it.

Ricardo Manapat · 1991

Hard-to-find catalogue of Marcos-era crony deals; the source everyone else cites.

Jill Crystal · 1992

Includes the Souk al-Manakh episode and the Kuwait Investment Office.

Francis Fukuyama · 1992

Why liberal democracy may be the end state of political change, and how people react.

Recommended by: Marc Andreessen, Peter Thiel

Charles C. Euchner · 1993

How sports franchises press cities for new stadiums by threatening to move.

Geoffrey Cowan · 1993

Clarence Darrow's 1912 bribery trial in Los Angeles, and the lawyer's life around it.

Recommended by: Mohnish Pabrai

Nelson Mandela · 1994

Nelson Mandela's own story, from childhood to prison and the end of apartheid.

Peter W. Huber · 1994

Alternating fiction and essay, a rewrite of Nineteen Eighty-Four with a new ending.

Recommended by: Mark Zuckerberg

David Herbert Donald · 1995

Recommended by: Mohnish Pabrai, Jamie Dimon

Peter Thiel, David O. Sacks · 1995

Subtitled 'Multiculturalism and Political Intolerance on Campus'

Jane Kelsey · 1995

New Zealand's 1984-95 reforms: deregulation, privatisation and inflation targeting.

Dani Rodrik · 1997

The 1997 warning that the political backlash was coming.

Recommended by: Patrick Collison

John Vidal · 1997

The London libel trial that became a reputational case study.

Michael Lewis · 1997

Reissued as Losers

Thomas L. Friedman · 1999

Globalization as the new international system, seen from Amazon farms to Wall Street.

Recommended by: Mohnish Pabrai

Michael E. Porter, Hirotaka Takeuchi, Mariko Sakakibara · 2000
George Soros · 2000

The causes of instability in the global economy and the open society as a remedy.

David McCullough · 2001

Recommended by: Mohnish Pabrai

Joan Didion · 2001

Essays on how a handful of insiders shapes the story of American political life.

Recommended by: Audrey Gelman

T4 Mao
Jung Chang · 2002

Recommended by: Richard Branson

Peter F. Drucker · 2003

Selections on community and society

Angela Y. Davis, Aurora Ballester · 2003

Recommended by: Patrick Collison

George C. Edwards III · 2003

Hundreds of polls show how rarely presidents' public appeals change public opinion.

Recommended by: Ezra Klein

Ronald Reagan, Kiron K. Skinner, Annelise Anderson, Martin Anderson, George P. Shultz · 2003

Over 1,000 letters from 1922 to 1994, grouped by themes such as friends and beliefs.

Recommended by: Mohnish Pabrai

Bill Clinton · 2004

A president's years before public life, his years in politics and in the White House.

Recommended by: Mohnish Pabrai

Graham Allison · 2004

The danger of a terrorist nuclear bomb in an American city and a call to prevent it.

Recommended by: Warren Buffett

James Grant · 2005

title listed on grantspub.com books page

Recommended by: Mohnish Pabrai

John C. Bogle · 2005

How managers and middlemen took value from the owners of American companies.

Marco Palacios · 2006

Property rights, land and violence as a continuous economic story.

Dean T. Jamison · 2006

The main findings on disease-control priorities for developing countries.

Recommended by: Bill Gates

Michael E. Porter, Elizabeth Olmsted Teisberg · 2006

Creating Value-Based Competition on Results

Anthony DePalma · 2006

How a New York Times reporter's coverage of Castro shaped American views of Cuba.

Recommended by: Balaji S. Srinivasan

Stéphanie Balme, Mark Sidel · 2006

Legal and institutional reform; the contract and property environment for investors.

Melani Claire Cammett · 2007

Morocco against Tunisia: why business lobbies formed differently and what it did to reform.

Michael Barone · 2007

How Britain's Glorious Revolution of 1688-89 shaped the ideals of America's founders.

Recommended by: Mohnish Pabrai

Amity Shlaes · 2007

The Great Depression told through the stories of the common people who endured it.

Recommended by: Balaji S. Srinivasan

Bryan Caplan · 2007

Voters hold systematic biases about economics, so democracies choose bad policies.

“The median American is a moderate national socialist – statist to the core on both economic and social policy.” — Marc Andreessen

Source: @pmarca, 'Thread: Books I've recently read and recommend'

Recommended by: Marc Andreessen, Patrick Collison

Bill Bradley · 2007

What US parties, politics and citizen activism must change to secure the future.

Recommended by: Meg Whitman

Jeffrey Toobin · 2007

Recommended by: Gary Vaynerchuk

Frank Luntz · 2007

Why some words persuade and others fail, from a political pollster.

J. David Cummins, Olivier Mahul · 2008

World Bank study of sovereign catastrophe risk transfer.

Angela Vergara · 2008

The copper enclave before nationalisation: labour, Anaconda and Kennecott.

Richard A. Posner, Richard A. Posner · 2008

Recommended by: Patrick Collison

Misha Glenny · 2008

Recommended by: Vinod Khosla

Rick Perlstein · 2008

Nixon's political career from Congress to the White House and the strategies he used.

Recommended by: Patrick Collison

Philip P. Pan · 2008

Chinese people who push for justice and freedom under an authoritarian state.

Recommended by: Patrick Collison

Gary Brecher · 2008

Recommended by: Naval Ravikant

Frances E. Lee · 2009

Recommended by: Ezra Klein

Arnaud Brohé, Nicholas Eyre, Nicholas Howarth · 2009

International business guide to allowances, offsets and registries.

John Heilemann, Mark Halperin · 2009

Recommended by: John Doerr

Mahatma Gandhi · 2009

Recommended by: Kevin Kelly, Tim Cook

Anders Åslund · 2009

The 1991-2008 transition; explains where the industrial assets came from.

Ralph Nader · 2009

A novel: 17 super-rich Americans, Warren Buffett among them, unite to fix government.

Recommended by: Mohnish Pabrai

Christopher Caldwell · 2009

How mass immigration and Islam changed Europe without forming a melting pot.

Recommended by: Patrick Collison

Joshua Cooper Ramo · 2009

Why policies backfire in a networked world, drawing on complexity theory and history.

Recommended by: Mohnish Pabrai

Eugene Rogan · 2009

Recommended by: Patrick Collison

Shane Ross · 2009

The bankers, boards and regulators behind Ireland's banking collapse.

Harvey A. Silverglate, Alan M. Dershowitz · 2009

Recommended by: Balaji S. Srinivasan

Hunter Lewis · 2009

Polemic against Keynesian policy from an Austrian-leaning investor

“This is another timely classic given the present condition. The outline structure of the book is brilliant.” — Christopher Bloomstran

Source: Semper Augustus 2020 Letter to Clients, 'To Read or Not to Read', p. 57

Recommended by: Christopher Bloomstran

Steven Garber · 2010

RAND occasional paper; the early survey of the US market.

Henry M. Paulson · 2010

Insider memoir: the Treasury Secretary's version of the same weeks.

Recommended by: Mohnish Pabrai

Richard C. Sauer · 2010

A former SEC lawyer on naked shorting and the fights around it.

Recommended by: Mohnish Pabrai

David Remnick · 2010

Barack Obama's life, experiences and the ambition behind his rise.

Recommended by: Mohnish Pabrai

David Lewis · 2011

The one readable overview of how the state, NGOs and business interlock.

Jonas Meckling · 2011

How business lobbies built emissions trading as the chosen instrument.

Steven Brill · 2011

Recommended by: Bill Gates

Ron Suskind · 2011

Recommended by: Nir Eyal

Jason Manolopoulos · 2011

Written by a hedge fund manager; strongest on the bond market's role in the build-up.

Viral V. Acharya, Matthew Richardson, Stijn van Nieuwerburgh, Lawrence J. White · 2011

Recommended by: Mohnish Pabrai

Daniel Domscheit-Berg · 2011

Recommended by: Patrick Collison

Peer Hull Kristensen, Kari Lilja · 2011

Firm-level study of how Nordic companies reorganised for global production.

Henry Kissinger · 2011

China's history and its ties with the West, drawn from talks with Chinese leaders.

Recommended by: Mohnish Pabrai

Tai-chun Kuo, Ramon H. Myers · 2011

The policies that moved Taiwan's economy from agriculture to electronics.

Thomas L. Friedman, Michael Mandelbaum · 2011

How America is failing four challenges, from globalization to its chronic deficits.

Recommended by: Bill Gates

Alastair Smith, Bruce de Mesquita · 2011

Recommended by: Nat Eliason, Andrew Chen

Xiaobo Liu, Perry Link, Tienchi Martin-Liao · 2012

A Chinese dissident's essays and poems on tyranny, land disputes, Tibet and freedom.

Recommended by: Mohnish Pabrai

George C. Edwards III · 2012

Why Obama's frustrations came from misreading the nature of presidential power.

Recommended by: Ezra Klein

Mark Halperin, John Heilemann · 2013

Recommended by: Nick Crocker

Sherard Cowper-Coles · 2013

Recommended by: Paul Graham

Cass R. Sunstein · 2013

Recommended by: Daniel Kahneman

Nicholas D. Kristof, Sheryl WuDunn · 2014

Recommended by: Andrew Wilkinson

Alice Goffman · 2014

How drug-war policing made a poor Philadelphia neighbourhood a surveillance state.

Recommended by: Alex Blumberg

Daniel Schulman · 2014

The four Koch brothers' lives and their business, social and political ambitions.

Recommended by: Mohnish Pabrai

Peter Zeihan · 2014

How geography, demography and shale energy set America up to dominate as others age.

Recommended by: Mohnish Pabrai

Ken Silverstein · 2014

Fixers, traders and middlemen in the oil trade.

Ellen Gustafson · 2014

Recommended by: Ev Williams

Roger Lowenstein · 2015

How the Federal Reserve was argued into existence, from the 1907 panic to 1913.

Recommended by: Seth Klarman

Evan Thomas · 2015

Recommended by: Bill Gates

Joby Warrick · 2015

Recommended by: Bob Iger

Bryan Burrough · 2015

Recommended by: Marc Andreessen

Nima Sanandaji · 2015

The sceptical case: prosperity preceded the welfare state, not the reverse.

David Axelrod · 2016

Recommended by: Nick Crocker

Jane Mayer · 2016

Recommended by: Brad Feld

Nima Sanandaji · 2016

Longer version of the same argument, aimed at American admirers of the model.

Matthew Desmond · 2016

Eight Milwaukee families and two landlords through repeated evictions, 2008-09.

Richard Saunders, Tinashe Nyamunda · 2016

The Marange diamond fields; how an extractive rent was captured militarily.

Paul Gottfried · 2016

Recommended by: Marc Andreessen

Valur Ingimundarson, Philippe Urfalino, Irma Erlingsdottir · 2016

Academic collection on blame, protest and institutional reconstruction after 2008.

Esra Ceviker Gurakar · 2016

Data on how Turkey's procurement law was amended to steer state contracts.

George C. Edwards III · 2016

A realistic view of how far a president can use persuasion to win support.

Recommended by: Ezra Klein

Mitch McConnell · 2016

Recommended by: Donald Trump

Sebastian Mallaby · 2016

Alan Greenspan's life, and with it the making of modern finance from Nixon to Bush.

George Lakey · 2016

Popular and partisan, but the clearest short account of the Nordic bargain.

Donna Brazile · 2017

Recommended by: Marc Andreessen

David Garrow · 2017

Recommended by: Nick Crocker

Jonathan Allen · 2017

Recommended by: Marc Andreessen

Francis Fukuyama · 2018

Recommended by: Bill Gates

Edward J. Watts · 2018

How Rome's republican institutions broke down and the Republic fell into tyranny.

Recommended by: Evan Spiegel

Amy Chua · 2018

How group identities drive politics at home and abroad, and how elites missed it.

Recommended by: Mark Cuban

Michael Beschloss · 2018

How presidents from Madison to Lyndon Johnson took America to war and gained power.

Recommended by: Bill Gates

Sean Spicer · 2018

Recommended by: Donald Trump

Bradley Tusk · 2018

Where politics meets startups taking on incumbents in regulated industries.

Salena Zito · 2018

Reporting from five swing states on whether Trump's election was a fluke or a shift.

Recommended by: Donald Trump, Mark Cuban

Daniel Immerwahr, María Luisa Rodriguez Tapia, María Luisa Rodriguez Tapia · 2019
George Soros · 2019

Published in the UK as In Defence of Open Society.

Mollie Hemingway, Carrie Severino · 2019

Recommended by: Donald Trump

Bryan Caplan · 2019

Recommended by: Kevin Kelly

Mike Lee · 2019

The little-known offences of the British crown against its own American subjects.

Recommended by: Donald Trump

Jodi Kantor, Megan Twohey · 2019
Parag Khanna · 2019

Asia as one order from Saudi Arabia to Japan, linking five billion people by trade.

Recommended by: Balaji S. Srinivasan

Daron Acemoglu, James A. Robinson · 2019

Why liberty is hard to win and keep, and how it can survive new threats.

Recommended by: Satya Nadella

Jared Diamond · 2019

Recommended by: Bill Gates

Barack Obama · 2020

Obama's memoir from his early politics through his first presidential term.

Paul Domjan, Gavin Serkin, Brandon Thomas, John Toshack · 2020

A working method for scoring country risk across frontier markets.

Conor Dougherty · 2020

Recommended by: Marc Andreessen

Kristian Coates Ulrichsen · 2020

The 2017-21 blockade of Qatar and its effect on trade, aviation and supply chains.

Meredith Angwin · 2020

Deregulated wholesale markets and reliability risk.

Michael E. Porter, Katherine M. Gehl · 2020

US politics analysed as an industry with five forces, and reforms to fix it.

Recommended by: Charles Koch, Mark Cuban

Robert D. Putnam · 2020

Recommended by: Andrew Wilkinson

Benjamin Teitelbaum · 2020

Recommended by: Marc Andreessen

Susan Ronald · 2021

Joseph Kennedy's contested years as US ambassador to Britain on the eve of war.

Recommended by: Marc Andreessen

David M. Rubenstein · 2021

Subtitled Dialogues on a Dream.

Peter Zeihan · 2022

Why the US-guarded trading order is ending, and what that means for supply chains.

Recommended by: Andrew Wilkinson

Bethany McLean, Joe Nocera · 2023
Richard Layard, Jan-Emmanuel De Neve · 2023

Recommended by: Andrew Wilkinson

Annie Jacobsen · 2024

A scenario of a nuclear strike on the United States, built on expert interviews.

Recommended by: Andrew Wilkinson

David M. Rubenstein · 2024

on the American presidency.

Ezra Klein, Derek Thompson · 2025

Why America lost the ability to build housing, energy and infrastructure.

Recommended by: Andrew Wilkinson, Bill Gates

Michael Lewis · 2025

Anthology edited by Lewis

Paul Gottfried

Recommended by: Marc Andreessen

Henry David Thoreau

Recommended by: Nat Eliason

Steve Coll

Recommended by: Simon Sinek

Chris Matthews

Recommended by: Patrick Arnold

Victor Sebestye

Recommended by: Ben Horowitz, Marc Andreessen

John Keay

How Partition shaped the troubled histories of India, Pakistan and Bangladesh.

Recommended by: Mohnish Pabrai

Mahatma Gandhi, John Dear

Writings by the leader of India's independence movement on practising nonviolence.

Recommended by: Mohnish Pabrai

Jason Bade, Scott Bade Steve Hilton

A manifesto for redesigning politics, government and the economy around human scale.

Recommended by: Reid Hoffman

Jeremy Lim

The politics, financing and delivery of Singapore's healthcare over five decades.

Recommended by: Sahil Lavingia

Robert Putnam

Why fewer American children now have a chance to move up as inequality widens.

Recommended by: Jeff Jordan

Vollman

Poverty around the world in its hopelessness, brutality, pride and fear.

Recommended by: Emmett Shear

Michael Shellenberger

Recommended by: Matt Mullenweg

Stéphane Courtois, Andrzej Paczkowski, Karel Bartosek

Recommended by: Nick Szabo

Michael Wolff

Behind the scenes of the Murdoch family and its crumbling Fox News empire.

Recommended by: Andrew Wilkinson

John Sides

Recommended by: Ezra Klein

Plato

What justice is, answered by building an ideal city in dialogue.

Ruadhan Mac Cormaic

Recommended by: Brad Feld

More politics and government