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Money and Wealth
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Your favorite book on Money and Wealth?Views: 204
Mar 24, 2014 2:12 pmYour favorite book on Money and Wealth?#

Adrian Scott
What's your favorite book on Money and Wealth?

Here's one of my favorites, The Origin of Wealth:

http://www.amazon.com/The-Origin-Wealth-Remaking-Economics/dp/1422121038/

I particularly appreciate that it is not based on unreal assumptions, e.g. that humans are rational :).

-Adrian


Private Reply to Adrian Scott

Apr 04, 2014 1:23 pmre: re: Your favorite book on Money and Wealth?#

Adrian Scott
I think the most important thing is about developing models based on realistic assumptions, whereas many academics have built models based on what assumptions they needed to make to be able to use certain mathematical tools, i.e. to make the math easy. So they make assumptions that humans are rational in economic decisions, when they demonstrably aren't, and that there is perfect information, etc., when such assumptions dramatically change the results one can infer.


Private Reply to Adrian Scott

Apr 04, 2014 1:44 pmre: re: re: Your favorite book on Money and Wealth?#

Walter Paul Bebirian
well I have ordered the book Adrian but have not received it yet - can you give me an idea about what you are referring to as a model based on realistic assumptions?

how accurate is a film about the Rothschilds and since there are no kings or prices to work with (at least in my area) I am not sure exactly how I might emulate the model that their stretch of history had been based on -

http://www.youtube.com/watch?v=fqF-2C1JTyo

http://i00.us


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Nov 12, 2014 12:41 pmre: re: re: re: Your favorite book on Money and Wealth?#

pedro carreiro
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Jun 16, 2015 2:45 amre: Your favorite book on Money and Wealth?#

Clifford Mitchem
The single greatest book, in my opinion, is The Richest Man in Babylon.

http://www.lifeleadership.com/Shopping/tabid/63/ProdID/1376/richestmaninbabylonthe.aspx

It is based off of timeless principles and not methods. All of which transcend culture, time, and business.

Methods are many and principles are few. Methods may change, but principles never do.
-Orrin Woodward

Regards,
Clifford T Mitchem
Professional Developer
Life Leadership
http://lifeleadership.com/61435084


Private Reply to Clifford Mitchem

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