Books with the best decision  theoretic and philosophical foundation

A Listmania! list by Michael Emmett Brady "mandmbrady" (Bellflower, California ,United States)
The list author says: "The following books will provide an optimal understanding of how one should study and organize the data and observations that comprise the social sciences.These books provide a broad foundation in logical,epistemological,and philosophical techniques that are sound and valid.A reader who masters these books will quickly grasp the complex, dynamic,nonlinear aspects of social science systems as they evolve through time-Books:1)The General Theory of Employment,Interest and Money(1936,J M Keynes.Harcourt,Brace and World,1964),(2)A Treatise on Probability(1921,J M Keynes),3)Risk,Uncertainty and Profit(1921,F Knight),(4)The Theory of Economic Development(J Schumpeter,1911),(5)The Wealth of Nations(A Smith,1776),(6)Risk,Ambiguity and Decision(D Ellsberg,2001),(7)The (Mis)Behavior of Markets(2004,B. Mandelbrot and R. Hudson),(8)Probability,Econometrics and Truth( H.Keuzenkamp,2001),(9)The Unbound Prometheus(D.Landes,1974),(10)The Laws of Thought(G.Boole,1854),(11) THe Theory od Moral Sentiments(Smith,6th ed.,1790)."
The General Theory of Employment, Interest, and Money (Great Minds Series)
1.  The General Theory of Employment, Interest, and Money (Great Minds Series) by John Maynard Keynes
The list author says:
  "Combines mathematical,logical,epistemological,and economic exposition in an analytic manner that has not been duplicated since 1936."
$12.65   Used & New from: $2.31
3.5 out of 5 stars  See all reviews (125 customer reviews) | 15 customer discussions

A Treatise on Probability
2.  A Treatise on Probability by John Maynard Keynes
The list author says:
  "Keynes provides the first analysis in history of-(a) interval estimate techniques,(b)an index to measure uncertainty or ambiguity,and (c)a decision rule that solves most of the paradoxes of "modern" decision theory"
$16.91   Used & New from: $6.68
3.1 out of 5 stars  See all reviews (15 customer reviews) | 2 customer discussions

Risk, Uncertainty and Profit (Dover Books on History, Political and Social Science)
3.  Risk, Uncertainty and Profit (Dover Books on History, Political and Social Science) by Frank H. Knight
The list author says:
  "Knight does a brilliant job of explaining the impact of uncertainty (ambiguity)on economic decision making and explaining why it is much more important than risk in determining future outcomes."
$13.82   Used & New from: $7.50
4.4 out of 5 stars  See all reviews (9 customer reviews)

The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (Social Science Classics Series)
4.  The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (Social Science Classics Series) by Joseph A. Schumpeter
The list author says:
  "Schumpeter was the first to explicitly analyze the impact of uncertainty on the business cycle in chapter 7.Keynes's failure to cite this chapter in the GT was a major blunder."
$27.86   Used & New from: $19.99
4.8 out of 5 stars  See all reviews (10 customer reviews)

The Wealth of Nations (Bantam Classics)
5.  The Wealth of Nations (Bantam Classics) by Adam Smith
The list author says:
  "Smith was one hundred and fifty years ahead of his time.One example (of many) is his explicit requirement that a necessary condition for savings to be invested optimally over time is that the central bank maintain low,fixed rates of interest permanently.Only Keynes reached this same conclusion."
$4.83   Used & New from: $3.86
4.2 out of 5 stars  See all reviews (325 customer reviews)

Risk, Ambiguity and Decision (Studies in Philosophy)
6.  Risk, Ambiguity and Decision (Studies in Philosophy) by Daniel Ellsberg
The list author says:
  "Improves on all aspects of Keynes's decision theory.One merely substitutes Ellsberg's rho index for Keynes's w index, the " restricted Bayes-Hurwicz criterion" for Keynes's conventional coefficient of risk and weight,c,and sets of prob.dist. for Keynes's intervals."
$108.94   Used & New from: $90.00
4.0 out of 5 stars  See all reviews (1 customer review)

The Misbehavior of Markets: A Fractal View of Financial Turbulence
7.  The Misbehavior of Markets: A Fractal View of Financial Turbulence by Benoit Mandelbrot
The list author says:
  "Presents overwhelming evidence that "modern" economic theory's(macroeconomics,financial economics,econometrics) foundation on the assumption that all markets are normally distributed is false.That means that one has to deal with the wild risk of the cauchy and not the mild risk of the normal."
$11.73   Used & New from: $4.70
3.9 out of 5 stars  See all reviews (111 customer reviews)

Probability, Econometrics and Truth: The Methodology of Econometrics
8.  Probability, Econometrics and Truth: The Methodology of Econometrics by Hugo A. Keuzenkamp
The list author says:
  "Demonstrates why the econometricians usually end up making the wrong forecast.Shows why Keynes decisively won his 1939-40 exchange with Tinbergen.Read this book after you have finished Ellsberg and Mandelbrot."
$64.68
4.5 out of 5 stars  See all reviews (2 customer reviews)

The Unbound Prometheus: Technological Change and Industrial Development in Western Europe from 1750 to the Present
9.  The Unbound Prometheus: Technological Change and Industrial Development in Western Europe from 1750 to the Present by David S. Landes
The list author says:
  "Read this book after you have finished with Schumpeter's book.Provides massive confirmation of Schumpeter's emphasis on the " regular irregularity " of factors creating business cycles(innovation and technological change and advance/obsolescence creates uncertainty/ambiguity)."
$40.66   Used & New from: $7.85
4.0 out of 5 stars  See all reviews (1 customer review)

An Investigation of the Laws of Thought
10.  An Investigation of the Laws of Thought by George Boole
The list author says:
  "Boole is the genius who started it all.Keynes showed how to turn Boole's theoretical approach to the specification of upper and lower probability estimates into a method of approximation upon which to base a theory of induction and analogy."
$14.25   Used & New from: $0.01
4.1 out of 5 stars  See all reviews (12 customer reviews)

The Black Swan: The Impact of the Highly Improbable (Incerto)
11.  The Black Swan: The Impact of the Highly Improbable (Incerto) by Nassim Nicholas Taleb
The list author says:
  "Taleb's book should be read after a reader has read chapter 12(22) of Keynes's GT(1936) and Mandelbrot and Hudson(2004)."
$18.35   Used & New from: $0.01
3.7 out of 5 stars  See all reviews (902 customer reviews) | 20 customer discussions

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto)
12.  Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto) by Nassim Nicholas Taleb
The list author says:
  "This is also a very good book.However,it is not quite as good as The Black Swan.Fooled By Randomness was a home run.The Black Swan is a grand slam."
$9.86   Used & New from: $1.80
3.8 out of 5 stars  See all reviews (605 customer reviews) | 3 customer discussions

J.M. Keynes' Theory of Decision Making, Induction, and Analogy: The Role of Interval Valued Probability in His Approach
13.  J.M. Keynes' Theory of Decision Making, Induction, and Analogy: The Role of Interval Valued Probability in His Approach by Michael Emmett Brady
The list author says:
  "This is the only  book currently in print that deals with the relationship between Keynes's logical theory of probability,his interval estimate approach to probability,his decision theory ,and the economic analysis  contained in the General Theory."
$18.89
5.0 out of 5 stars  See all reviews (1 customer review) | 3 customer discussions

One list item is no longer in our catalog.

More Actions

Discover more about this author
 See all of their Listmania! lists
Make your own list
 Create a Listmania! list
View your page on Amazon.com
 Go to Your Profile page

Customer Discussions about products in this list
Discussion Replies Latest Post
Welcome to the Fooled by Randomness forum 10 Aug 28, 2013
Moral Sentiments 0 May 4, 2013
Kindle Edition 1 Mar 11, 2013
Why do Libertarians claim that Keynes was a Socialist when he clearly rejected socialism on p.378 of the GT ? 10 Oct 7, 2012
The Black Swan and What's Wrong with Nassim Taleb's Viewpoint. 52 Dec 6, 2011
Monte Carlo simulation software 0 Nov 5, 2011
The bell curve and the customer reviews 1 Jun 11, 2011
Why do Libertarians writing for The Freeman constantly misrepresent The General Theory(1936) ? 21 Sep 10, 2010
J M Keynes never supported deficit financing in the General Theory or at any time in his lifetime 4 Aug 14, 2010
If Amazon would please care to explain the difference 1 Jul 4, 2010
The Great Intellectual Fraud ?! 0 May 9, 2010
Which should I read first? 3 Apr 21, 2010
 
   

About this Listmania!

 

Author

Michael Emmett Brady "mandmbrady" (Bellflower, California ,United States)
Qualifications: PH.D. economics-46 refereed journal articles/notes-(co)author- 4 books
Last updated: 6/10/11
Report abuse
    

More Listmania!

 

Books Recommended by Warren Buffett Books Recommended by Warren Buffett

Books Recommended by Warren Buffett: A list of 26 items by Mr. Futile Finance "FutileFinance"

Enjoyable Reading for the Social Scientist Enjoyable Reading for the Social Scientist

Enjoyable Reading for the Social Scientist: A list of 30 items by M. Hamilton "madhami"

Studies in Political Economy Studies in Political Economy

Studies in Political Economy: A list of 22 items by Jon Haron-Feiertag

Tom Serres (@TomSerres) Business and Economic Favorites Tom Serres (@TomSerres) Business and Economic Favorites

Tom Serres (@TomSerres) Business and Economic Favorites: A list of 9 items by Thomas Serres

A Classical Education A Classical Education

A Classical Education: A list of 25 items by Will Riddle "and Jaime Riddle"

   

More So You'd Like to...

 

be a world-class economist? be a world-class economist?

be a world-class economist?: A guide of 40 items by Ram Ahluwalia