Sunday, December 28, 2025

The Ultimate Reading List for Lifelong Learners: As Referenced in The Joys of Compounding by Gautam Baid

Economics, History & Classics

Books that explore the evolution of economic thought, historical financial phenomena, and foundational works that continue to influence modern thinking.

1. The General Theory of Employment, Interest, and Money – John Maynard Keynes

Year: 1936

Genre: Economics / Macroeconomics

A groundbreaking work that introduced Keynesian economics, emphasizing the role of government spending in stabilizing markets.


2. The Theory of Moral Sentiments – Adam Smith

Year: 1759

Genre: Ethics / Economics / Philosophy

Adam Smith’s lesser-known masterpiece on morality, emotions, and human behavior, laying the groundwork for The Wealth of Nations.


3. Manias, Panics, and Crashes: A History of Financial Crises – Charles P. Kindleberger

Year: 1978

Genre: Economic History / Financial Markets

Chronicles centuries of financial bubbles and crashes, identifying patterns that recur across different eras.


4. Extraordinary Popular Delusions and the Madness of Crowds – Charles Mackay

Year: 1841

Genre: Financial History / Behavioral Economics

One of the first books to analyze crowd psychology and speculative bubbles, including Tulip Mania and the South Sea Bubble.


5. The End of Accounting – Baruch Lev and Feng Gu

Year: 2016

Genre: Financial Analysis / Corporate Reporting

Argues that traditional financial statements no longer reflect business value and proposes new ways of measuring performance.


6. Bionomics: Economy as Business Ecosystem – Michael Rothschild

Year: 1990

Genre: Economic Systems / Complexity Science

Introduces an evolutionary model of economics where businesses behave like organisms in an ecosystem—adapt, compete, evolve.


7. Economics, Peace and Laughter – John Kenneth Galbraith

Year: 1971

Genre: Economics / Satire

A witty and insightful commentary on the absurdities and contradictions in modern economic policy and thought.


8. The Crowd: A Study of the Popular Mind – Gustave Le Bon

Year: 1895

Genre: Social Psychology / Economic Behavior

A foundational study of group psychology, showing how individuals behave differently when swept into crowds—a key concept in market dynamics.


9. The Battle for Investment Survival – Gerald Loeb

Year: 1935

Genre: Investing / Economic History

A Depression-era classic offering timeless advice on capital preservation and investor psychology during turbulent times.


10. Classics: An Investor’s Anthology – Various Authors

Year: 1989 (Edited version)

Genre: Anthology / Financial Thought

A curated collection of influential essays and excerpts from the giants of financial literature, investment, and economics.


11. Letters from a Stoic – Seneca

Year: ~65 AD

Genre: Philosophy / Wisdom Literature

A collection of timeless letters from the Roman Stoic philosopher on resilience, self-control, and how to live well—frequently cited by modern investors.


12. The Lessons of History – Will Durant and Ariel Durant

Year: 1968

Genre: History / Philosophy / Civilization

A compact, sweeping view of civilization’s patterns, offering distilled wisdom from decades of historical scholarship.


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Hardeep
Hardeep
Hardeep is an entrepreneur, marketer, blogger, an ardent reader and avid writer. He expresses his unbiased views especially on the matters of Business, Tech & Life through this blog. He can be reached at hardeep.handa@gmail.com

2 COMMENTS

  1. That’s an awesome collection.
    Have read most of them

    One highly underrated book that fails to make most lists & has the wonderful counter intuitive insights is Man for All Markets by Ed Thorpe

    • It’s amazing Arvind that you’ve read most of them. I’ve made my To-Read list from this collection.

      I’ll definitely checkout for “Man of All Markets by Ed Thorpe”.

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