Category: Economics

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Poor Economics Book Summary (PDF) by Abhijit V. Banerjee and Esther Duflo

Ready to learn the most important takeaways from Poor Economics in less than two minutes? Keep reading!Why This Book Matters: Poor Economics examines poverty and the issues facing poor people on a daily basis while presenting solutions to these problems.The Big Takeaways:Even after vigilant efforts by economists, a solution to poverty cannot be found.If Overgeneralization of poverty never leads...

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Exodus Book Summary (PDF) by Paul Collier

Ready to learn the most important takeaways from Exodus in less than two minutes? Keep reading!Why This Book Matters: Exodus tackles the financial and social implications of migration, given the expansion of globalization over the past few decades.The Big Takeaways:People can move all around the world with the expansion of globalization, but few people want to discuss the issues that it...

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Nudge Book Summary (PDF) by Richard H. Thaler & Cass R. Sunstein

Ready to learn the most important takeaways from Nudge in less than two minutes? Keep reading! Why This Book Matters: Nudge assesses why we make the wrong choices regularly and how just a little nudge can give us the push we need to do better. The Big Takeaways: The choices we make may not be the right ones for us. If Even if we know what is good for us, we often do not take the actions...

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The Bottom Billion Book Summary (PDF) by Paul Collier

Ready to learn the most important takeaways from The Bottom Billion in less than two minutes? Keep reading! Why This Book Matters: The Bottom Billion discusses the issues within the 50 poorest countries of the world and why they can’t breakthrough. The Big Takeaways: Countries cannot overcome poverty without sustainable economic growth. If Over time, it becomes more challenging to integrate...

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The Intelligent Investor Book Summary (PDF) by Benjamin Graham and comments by Jason Zweig

Ready to learn the most important takeaways from The Intelligent Investor in less than two minutes? Keep reading! Why This Book Matters: The Intelligent Investor explains how to become a reliable investor of the stock market, including methods for making the best investments for you. The Big Takeaways: An intelligent investor doesn’t just invest; they think their investments through to the end....

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Restart Book Summary (PDF) by Mihir Sharma

Ready to learn the most important takeaways from Restart in less than two minutes? Keep reading!Why This Book Matters: Restart is a factual analysis regarding the decline of Indians as a major gameplayer in the international political economy.The Big Takeaways:The cultural diversity in India impedes the progress in the infrastructure and development sector.If The lack of infrastructure and...

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Why Nations Fail Book Summary (PDF) by Daron Acemoglu & James A. Robinson

Ready to learn the most important takeaways from Why Nations Fail in less than two minutes? Keep reading! Why This Book Matters: Why Nations Fail discusses why some nations in today’s world prosper while others are stuck in a cycle of poverty. The Big Takeaways: Differences in institutions cause the quality of living in different countries. If Having inclusive institutions ensures power-sharing...

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The Wealth Of Nations Book Summary (PDF) by Adam Smith

Ready to learn the most important takeaways from The Wealth Of Nations in less than two minutes? Keep reading! Why This Book Matters: The Wealth of Nations summarizes the main contributing factors for a society to progress, such as division of labor, self-interest, and free market. The Big Takeaways: The division of labor causes increased productivity and opens a market of specializations. If...

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Gang Leader For A Day Book Summary (PDF) by Sudhir Venkatesh

Ready to learn the most important takeaways from Gang Leader For A Day in less than two minutes? Keep reading!Why This Book Matters: Gang Leader For A Day explains how gangs hold power in the projects, good and bad, and how it is a gang leader’s responsibility to always keep the operation running as smoothly as possible.The Big Takeaways:96% of the people in a Southside Chicago housing...

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Predictably Irrational Book Summary (PDF) by Dan Ariely

Ready to learn the most important takeaways from Predictably Irrational in less than two minutes? Keep reading! Why This Book Matters: Predictably Irrational discusses the irrational judgments and decisions we take in our everyday life without reasoning about them. This exciting book is written by Dan Ariely, who is the James B. Duke Professor of psychology and behavioral economics at Duke...

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Freakonomics Book Summary (PDF) by Steven D. Levitt and Stephen J. Dubner

Ready to learn the most important takeaways from Freakonomics in less than two minutes? Keep reading! Why This Book Matters: Freakonomics helps readers understand the weight of incentives on everyone’s behavior. The Big Takeaways: There are three different types of incentives: economic, social, and moral. If Using all three types of incentives becomes the most powerful tool in changing...

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The Road To Serfdom Book Summary (PDF) by Friedrich August von Hayek

Ready to learn the most important takeaways from The Road To Serfdom in less than two minutes? Keep reading! Why This Book Matters: The Road to Serfdom explains the doom that would inevitably follow the implementation of socialism. The Big Takeaways: The ideas Nazis held fizzled after World War II, but a worrisome set of ideas took their place. If A desire for socialism grew following the war,...

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Fooled By Randomness Book Summary (PDF) by Nassim Nicholas Taleb

Ready to learn the most important takeaways from Fooled By Randomness in less than two minutes? Keep reading! Why This Book Matters: Fooled by Randomness explains how small, random conditions that appear insignificant and ignored by most people can have life-changing effects. The Big Takeaways: Theories are based on changeable observation. If New observations can change long-held theories simply...

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The Black Swan Book Summary (PDF) by Nassim Nicholas Taleb

Ready to learn the most important takeaways from The Black Swan in less than two minutes? Keep reading! Why This Book Matters: The Black Swan explains to readers the possibilities of the impossible happening and how to keep themselves from self-induced devastation. The Big Takeaways: “Black Swans” are the happenings that never seemed possible. If People once believed all swans were white until a...

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Capitalism and Freedom Book Summary (PDF) by Milton Friedman

Ready to learn the most important takeaways from Capitalism and Freedom in less than two minutes? Keep reading! Why This Book Matters: Capitalism and Freedom is an ongoing discussion about economic and political liberty. The Big Takeaways: Economic and political liberty function on small government. If Free markets can thrive when the government limits itself. An increase in government...

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Think Like a Freak Book Summary (PDF) by Steven D. Levitt and Stephen J. Dubner

Ready to learn the most important takeaways from Think Like a Freak in less than two minutes? Keep reading! Why This Book Matters: Think Like a Freak urges readers to think behind the curtain in an effort to see why people act the way they do. The Big Takeaways: To think like a freak, you have to throw away the practicality of your actions. If When trying to win, sometimes you have to make the...

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Factfulness Book Summary (PDF) by Hans Rosling, Ola Rosling, Anna Rosling Rönnlund

Ready to learn the most important takeaways from Factfulness in less than two minutes? Keep reading! Why This Book Matters: Are you one of the many that think the world is actually worse off than it used to be? If so, this book sheds light on some of the human instincts and societal trends behind this notion to show you that the human race is actually making more progress than you may think. Key...

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