Books like The Wealth of Nations

01

Thinking, Fast and Slow

Daniel Kahneman · Psychology

Thinking, Fast and Slow is Daniel Kahneman's account of the two cognitive systems that govern human thought.

02

Freakonomics

Steven D. Levitt and Stephen J. Dubner · Economics

Freakonomics is economist Steven Levitt and journalist Stephen Dubner's argument that economics — properly understood as the study of incentives — can explain things that look, on the surface, like they have nothing to do with money.

03

Misbehaving: The Making of Behavioral Economics

Richard H. Thaler · Psychology

Richard Thaler is one of the founders of behavioral economics, the field that took the anomalies in standard economic theory seriously rather than dismissing them as noise.

04

100 to 1 in the Stock Market

Thomas Phelps · Economics

100 to 1 in the Stock Market, published in 1972 by Thomas Phelps, is a study of the conditions under which stocks return one hundred times an investor's original investment — and an argument that such stocks are more common and more identifiable in advance than most investors believe.

05

A Random Walk Down Wall Street

Burton G. Malkiel · Economics

A Random Walk Down Wall Street is Burton Malkiel's argument that stock prices move in a way that is effectively unpredictable, that professional fund managers cannot consistently beat the market, and that the rational response for most investors is to buy and hold a diversified index fund.

06

A Short History of Financial Euphoria

John Kenneth Galbraith · Economics

A Short History of Financial Euphoria is John Kenneth Galbraith's compressed account of speculative bubbles from the tulip mania of 1630s Holland through the 1987 US stock market crash.