Entrepreneurship is finally becoming a trendy subject at universities and colleges. Entrepreneurial activities, programs and courses are also increasing not only in business schools, but also in colleges’ social programmes. I love talking to entrepreneurs about business, I’ve even started running networking events to facilitate these conversations, however I’m not always able to get my fix of entrepreneurial conversations and in these cases I tend to turn to a good economics book.
Modern economics keeps an uncertain relationship with entrepreneurship. That is why it is good reason to read from some of the more popular economics books to help you learn and avoid uncertainty and keep you on track to reaching your business goals (you’ve set those haven’t you?).
Top 10 Popular Economics Books that every Entrepreneur will Love
1. The Signal and the Noise: Why Most Predictions Fail but Some Don’t by Nate Silver
This book is a significant introduction to statistical analysis for average people. The author looks through reams of raw statistics to look for their real meaning. Nate Silver considers the entirety of the details available before he makes his predictions.
The book is very friendly and informative for non-statisticians looking for opinion into the strategies of prediction.
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2. The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham, Jason Zweig and Warren E. Buffet
This exceptional book introduces you with financial markets. It is also helpful for those who are already finance professionals. It is a superb tutorial on what to search for and what to expect when you invest in the market. The guidelines will help you to make more and lose less in the stock market.
The book also lays down the fundamental principles of investing and these principles will be valid for all time, regardless of the environment or conditions. A very easy to read book.
3. Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else by Chrystia Freeland
Chrystia Freeland did a nice work to explain the influential forces that drive the world today. The book has many illustrations and facts that make very good points. The points are also well taken and documented, as well as illustratedin some instances.
It exposes what most of us have already suspected and provides you with more of an understanding of our great world. This is very easy popular economics book to read and understand.
4. Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (P.S.) by Steven D. Levitt and Stephen J. Dubner
The book explains all the components of economics in a most enjoyable way. The authors have fresh arguments and their claims are supported with methodical statistics. The contents are distinctive and simple and give a great impression to Levitt’s hypothesis. This has to be one of the most popular economics books ever published.
“Freakonomics” makes you think and break conventional understanding as the authors take the delicate issues and handle them with statistical and facts.
5. The One Minute Manager by Kenneth H. Blanchard and Spencer Johnson
This book is intended for real managers who are searching for useful methods to improve efficiency, and just the overall approach of the corporations. It also puts in very easy terms and summarizes the whole idea of what it is to be a ‘manager’. Aside from that, this is certainly a good reading for everyone who deals with ‘human talent’.
Although the book is oriented as a way to become an efficient manager, the ideas can be applied to all aspects of your life. It will take less then an hour to read this cover to cover, but the ideas will stay with you for a lifetime.
6. Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard H. Thaler and Cass R. Sunstein
This book takes a very different outlook on the things that influence many entrepreneurs, and does a very good job for that. “Nudge” reveals the factors of present behavioral economics study and makes recommendations on how they may help solve present issues, particularly in public guidelines.
This book talks about how to make selections and how to make better ones. You can also read on how to make better investments, promote cleaner surroundings, and guide towards a better health. A great popular economics book for the professional.
7. The Road to Serfdom: Text and Documents–The Definitive Edition by F.A. Hayek and Bruce Caldwell
The author is a real genius to put up a book that can enlighten a lot of people when it comes to economics and politics. Hayek does an exceptional work to show exactly why socialist systems contain in their essence flaws are consistently lead to economic incompetence as well as social oppression of the populations as they are apparently designed to liberate.
This book is a must-read for all people who are concern about the future of economics as well as politics. Hayek is definitely one of a kind author to illustrate this kind of book well.
8. Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions by Dan Ariely
This book takes a detailed look at why people make decisions and their reasons for it. The author utilizes a range of researches that he administered and explains some incredibly surprising outcomes. He also discussed about real world examples. The goal of this book was to give the reader with tests that rationalize the self-descriptive headings.
“Predictably Irrational” shows interesting learning as to how decisions are made. It is also useful to understand one’s own justification for making decisions.
9. The Innovator’s Dilemma: The Revolutionary Book That Will Change the Way You Do Business by Clayton M. Christensen
The author explains the dynamics by which some of the major, most booming organizations in the United States fail due to “good” management. In his study, companies that devote themselves to listening and serving their clients the best, place themselves most at danger for future breakdowns as they are surpassed by smaller upstart rivals with modern technologies.
In general, the “Innovator’s Dilemma” is a well-written and concise book in which Christensen is capable to efficiently express his theoretically complex research on an equally complex business.
10. The Go-Giver: A Little Story About a Powerful Business Idea by Bob Burg and John David Mann
The authors have made a great story around Five Laws – Receptivity, Authenticity, Influence, Compensation and Value. As world works according to these laws, the story provides wonderful ideas and examples on every law.
The story in this book is a helpful way to emphasize the five laws and assist everybody about the power and reason of those laws.
Pick up any of these popular economics books and you will be able to learn from the mistakes of others and maximise your chance of success in business. These books can help you create the roadmap you need to set and reach your goals. Though the economy is not always stable, if you take the time now to learn how to adjust and move with it I hope you will find success in your business as well as your life.