Economics

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A few books I've found extremely helpful for thinking about these things. Jane Jacobs on cities as the economic entities that really matter: The Death and Life of Great American Cities, The Economy of Cities , and Cities and the Wealth of Nations. Peter Drucker: Entrepreneurship and Innovation . and the classic textbook: Paul Samuelson: Economics

"World-class economist Paul Samuelson, a Nobel laureate, wrote in the tenth edition of his textbook Economics: “It is a vulgar mistake to think that most people in Eastern Europe are miserable.” This, mind you, in the aftermath of the 1953 East German uprising, the 1956 Hungarian uprising and the Poznan protests in Poland, the 1968 revolution in Czechoslovakia— all suppressed with bloodshed by Soviet tanks. In the eleventh edition, he took out the word “vulgar.” In the 1985 twelfth edition, that entire passage had disappeared. Instead, he and his coauthor, William Nordhaus, substituted a sentence asking whether Soviet political repression was “worth the economic gains.” This non-question was identified as “one of the most profound dilemmas of human society.” After 70 years of Leninism, Stalinism, and Maoism that took at least 100 million …

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