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FROM THE SHARED SHELF · 2006–2026 SAMPLE

The Other Path

Hernando de Soto

1 reader recommends it across 1 discussion

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THE WORD OF MOUTH

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pjc50
Note that "finance" and "economics" are separate disciplines, roughly corresponding to applied vs theoretical. The book which changed my thinking the most was "The Other Path" https://www.amazon.co.uk/Other-Path-Economic-Answer-Terroris... (https://www.amazon.co.uk/Other-Path-Economic-Answer-Terrorism/dp/0465016103) It would be easy to give it the traditional libertarian gloss of "reducing regulation to improve the economy", but it's much more subtle than that. It looks at the costs of being outside the "system", and the benefits of simplifying the system so as to include more people and businesses. Along with land reform to reflect the actual reality of buildings. Also, short and entertaining, but with lots of insights into principal-agent problems and bubble mentality: "Where Are the Customers' Yachts?" https://www.amazon.co.uk/Where-Are-Customers-Yachts-Investme... (https://www.amazon.co.uk/Where-Are-Customers-Yachts-Investment/dp/0471770892)

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