I am an economics professor and have been interested in applying economic methods to study political decision-making since my days as a graduate student. Too often, we think about government in terms of what we would like government to do rather than what government actually is capable of doing. In many cases, political decision-makers would be unable to obtain sufficient information to actually carry out the policies we think would be ideal, and even if they have the information, often they don’t have the incentive to do so. An economic approach to politics offers a more realistic way to understand political decision-making.
Downs does a great job of explaining how democratic decision-making links voter preferences to public policy outcomes. He looks at political preferences as existing on a left-to-right continuum and concludes that democratic elections tend to select the candidates whose preferences most closely reflect the median voter—the voter whose preferences fall in the middle of that left-right continuum. He offers a few caveats, one being that because one vote has a vanishingly small chance to affect an election outcome, voters tend to be rationally ignorant on political matters. There is no payoff to becoming informed because an election outcome will be the same regardless of how any individual voter votes.
Dr. Larry Osborne is a leadership mentor and practitioner with a rare mix of both theological and leadership expertise. He's been a mentor and major influencer for many of the largest and fastest-growing churches in the US while providing leadership to North Coast Church as it grew from 125 to over 13,000 in weekend attendance.
This book is an OG classic that contains the seed thoughts for many of today's most popular books on management, leadership, and team building. I have often found it incredibly helpful to go back to the original source of today’s widely accepted truisms to gain both perspective and a better understanding of our modern-day leadership assumptions and paradigms. This book is a case in point.
The measure of the executive, Peter F. Drucker reminds us, is the ability to "get the right things done." This usually involves doing what other people have overlooked as well as avoiding what is unproductive. Intelligence, imagination, and knowledge may all be wasted in an executive job without the acquired habits of mind that mold them into results.
Drucker identifies five practices essential to business effectiveness that can, and must, be learned:
Managing time
Choosing what to contribute to the organization
Knowing where and how to mobilize strength for best effect
Setting the right priorities…
I have had a long career as a professor of organizational behavior. My view is that the most ignored and undervalued aspect of leadership is the development and implementation of political skills. Any leader who claims, “I don’t do politics” or “I’m not political,” is not serving themselves very well and, in fact, may be setting themselves up for failure. Whether in organizational life, in the sphere of public policy, or in daily life, we need to overcome the obstacles that impede our capacity to implement agendas and ideas and achieve our aspirations. Dreamers who lack political skills remain dreamers, not leaders.
This book by Graham Allison (revised and expanded with Philip Zelikow) examines how leaders frame problems, gather information, and arrive at decisions and actions in times of crisis and pressure.
The volume examines closely the Cuban Missile Crisis and the processes which led to its resolution. It was a time of immense tension, and the template used by leaders to make their decisions was critical.
While this book is clearly an examination of how government and political leaders operate in arriving at decisions in times of crisis, there are immense implications for any organizational leader.
Allison offers a number of decision-making lenses that are available to leaders: the rational model, based on goal analysis and utility and best payoff; the bureaucratic or organizational process model, based on making decisions embedded in preexisting lines of authority, precedent, repertoires, and templates that have been used before; or the political model, based on…
One of the most influental political science works written in the post World War II era, the original edition of Essence of Decision is a unique and fascinating examination of the pivotal event of the cold Cold War. Not simply revised, but completely re-written, the Second Edition of this classic text is a fresh reinterpretation of the theories and events surrounding the Cuban Missle Crisis, incorporating all new information from the Kennedy tapes and recently declassified Soviet files. Essence of Decision Second Edition, is a vivid look at decision-making under pressure and is the only single volume work that attempts…
I am a retired professor, was raised in a refugee camp, one of a family of 9 living in one tent. studied in Palestine, Egypt, Germany, and America, have Ph.D. in economics; scholarships financed my education journey. I lived a life no human has lived or can live, because some of the times I lived had come and gone and cannot come back again. I taught at 11 universities on 4 continents, published 60 books in Arabic and English: books on economics, politics, culture, history, conflict resolution, philosophy, racism, novels, and poetry. True intellectuals cannot stay in one area because issues that shape mankind's history and man’s destiny are interconnected.
This book shows that America, since its inception, has followed an imperialistic policy to dominate the world; it built the strongest army in history, and the most advanced military industry. To project power and be able to intervene anywhere, America built about 750 military bases overseas in 80 countries. However, America’s relative decline due to China’s rise, lead America’s policymakers to transform many states into failed states that cannot control all their territories, weak for America to dominate, but unstable to create headaches for their neighbors as the cases of Iraq, Libya, Syria, Ukraine, and Yemen demonstrate. America’s military budget for 2023 is $858 billion, the equivalent of 1/3 of the combined gross domestic product of the 54 African countries. Does this scare you, or comfort you?
For the last half century, as administrations have come and gone, the fundamental assumptions about America's military policy have remained unchanged: American security requires the United States (and us alone) to maintain a permanent armed presence around the globe, to prepare our forces for military operations in far-flung regions, and to be ready to intervene anywhere at any time. In the Obama era, just as in the Bush years, these beliefs remain unquestioned gospel. In a vivid, incisive analysis, Andrew J. Bacevich succinctly presents the origins of this consensus, forged at a moment when American power was at its height.…
I am a Professor of Economics at Washington State University. My research focuses on applying Game Theory and Industrial Organization models to polluting industries and other regulated markets. I analyze how firms strategically respond to environmental regulation, including their output and pricing decisions, their investments in clean technologies, and merger decisions, both under complete and incomplete information contexts.
This book is a beautiful, non-mathematical introduction to Game Theory for everyone, even high school students interested in strategy, its basic modeling, and how to solve games.
It has applications to everyday life, including examples from real business and political science, making it accessible to all sorts of readers. Its verbal description of some solution concepts and mathematical results is, however, too lengthy at times, especially for non-English speakers and students with a good math background, potentially leading to unnecessary confusion.
Game theory means rigorous strategic thinking. It's the art of anticipating your opponent's next moves, knowing full well that your rival is trying to do the same thing to you. Though parts of game theory involve simple common sense, much is counterintuitive, and it can only be mastered by developing a new way of seeing the world. Using a diverse array of rich case studies-from pop culture, TV, movies, sports, politics, and history-the authors show how nearly every business and personal interaction has a game-theory component to it. Mastering game theory will make you more successful in business and life,…
I’m a Harvard professor of psychology and a cognitive scientist who’s interested in all aspects of language, mind, and human nature. I grew up in Montreal, but have lived most of my adult life in the Boston area, bouncing back and forth between Harvard and MIT except for stints in California as a professor at Stanford and sabbatical visitor in Santa Barbara and now, Berkeley. I alternate between books on language (how it works, what it reveals about human nature, what makes for clear and stylish writing) and books on the human mind and human condition (how the mind works, why violence has declined, how progress can take place).
This is technically a textbook and isn’t marketed as a book you bring to the beach. But sometimes, it’s more satisfying to have the big ideas on a topic patiently explained to you in an orderly fashion than to try to pick them up from stories and arguments.
This paperback, coauthored by one of my graduate school teachers (Hastie), explains the famous discoveries by Amos Tversky and Daniel Kahneman on biases in human reasoning, which Kahneman presented in his bestseller Thinking, Fast and Slow (too obvious for me to include on my list). It also explains lesser-known but still fascinating discoveries and has helpful appendices for those of us who forget some of the basics of probability theory.
In the Second Edition of Rational Choice in an Uncertain World the authors compare the basic principles of rationality with actual behaviour in making decisions. They describe theories and research findings from the field of judgment and decision making in a non-technical manner, using anecdotes as a teaching device. Intended as an introductory textbook for advanced undergraduate and graduate students, the material not only is of scholarly interest but is practical as well.
The Second Edition includes:
- more coverage on the role of emotions, happiness, and general well-being in decisions
When I was about 8, I remember taking all the money out of my piggy bank, counting it, and carefully putting it back in again. My sister called me Ms. Moneybags. But I wasn’t worried about accumulating money. I was fascinated by money’s pure potential. I could do anything with it! From that early interest in the potential of money, I grew to be an avid reader of financial books–and that led to a surprise career as a money writer. I still love to think about money’s potential and the best ways to allocate that potential, and I love to bring my readers with me on the fascinating journey.
As of 2023, behavioral economics is no longer a surprising new look at old economics principles–but that doesn’t change just how entertaining, surprising, and challenging you will find the experiments detailed in Predictably Irrational.
In one notable experiment, Dr. Ariely placed six-packs of soft drinks next to plates of cash inside of communal dorm fridges–to prove we tend to be honest about cash but feel no compunction about swiping someone else’s Coke. In another memorable experiment, male volunteers were asked moral questions when they were in a state of arousal–which helped prove that morals are flexible depending on the circumstances.
Reading this book will make you realize just how often you make decisions–especially financial decisions–that are weird, illogical, and irrational.
Why do smart people make irrational decisions every day? The answers will surprise you. Predictably Irrational is an intriguing, witty and utterly original look at why we all make illogical decisions.
Why can a 50p aspirin do what a 5p aspirin can't? If an item is "free" it must be a bargain, right? Why is everything relative, even when it shouldn't be? How do our expectations influence our actual opinions and decisions?
In this astounding book, behavioural economist Dan Ariely cuts to the heart of our strange behaviour, demonstrating how irrationality often supplants rational thought and that the reason for…
Paraphrasing:
A group of picnickers rush to a nearby river to pull struggling kids out. There
are more and more kids coming downstream, almost too many for the group.
Suddenly, while overwhelmed with too many kids, one takes off. “Where are you
going?” “I’m going upstream to tackle the guy who’s throwing all these kids in
the water.”
I
found the concepts in this work to apply to almost all aspects of life,
personal and at work. Who hasn’t had a persistent problem in their life? The
problem with many problems is we tend to get so focused or busy with them that
they never get solved! Or worse, papered over with band-aids.
I
found the Three Barriers discussion insightful. Epiphany: Search upstream for
causes of problems.
New York Times bestselling author Dan Heath asks what happens when we take our thinking upstream and try to prevent problems before they happen.
When we shift our energies upstream, we stop dealing with the symptoms of problems and we start fixing problems.
If we can stop crimes from being committed, we do not need to work to 'solve' crimes. If we can prevent chronic diseases from developing, we do not need to treat these diseases. If we can provide affordable housing, we do not need to provide shelter for the homeless. Looking to business, politics, and society, Dan Heath…
After a career that took me from designer to design professor, I’ve spent the past decade leading user research practices for growing product organizations. I’m excited about user research because it positions us closer to the people we design for, and challenges us to capture and explain complex scenarios in service to them. Though there are many books that teach user research, my list of recommendations is meant to demonstrate why we research, how we make sense of what we learn, and where research might take us.
Authors Christian Madsbjerg and Mikkel Rasmussen run consulting company ReD, where they put anthropologists, sociologists, economists, journalists, and designers together to deeply understand humans in service of their clients. In The Moment of Clarity, the authors share their methods and approach via rich case studies, including their impactful work supporting LEGO in better aligning its products to its customers.
Businesses need a new type of problem solving. Why? Because they are getting people wrong. Traditional problem-solving methods taught in business schools serve us well for some of the everyday challenges of business, but they tend to be ineffective with problems involving a high degree of uncertainty. Why? Because, more often than not, these tools are based on a flawed model of human behavior. And that flawed model is the invisible scaffolding that supports our surveys, our focus groups, our R&D, and much of our long-term strategic planning. In The Moment of Clarity, Christian Madsbjerg and Mikkel Rasmussen examine the…
In my journey, I've sought to blend my interest in ancient wisdoms into a coherent, accessible philosophy I call "Nowism." My aim has been to simplify and share complex teachings in a way that resonates and helps. Through my writing, performing, and speaking, I try to bring these concepts to life, hoping to ignite a spark of understanding and self-discovery in others. More than anything, before I leave this world, I want to contribute something (no matter how small) to the legacy of personal empowerment. I aspire to help people see the world more clearly, to understand themselves more deeply, and to find joy in the present moment.
Greg McKeown's Essentialism: The Disciplined Pursuit of Less is more than a book; it's a life-altering philosophy.
As someone brimming with creative energy and ideas, I found myself often lost in a sea of projects, losing sight of my true goals. This book was a revelation. It adeptly distinguishes between essentialist and non-essentialist mindsets, compelling you to evaluate your intentions and commitments.
Through its teachings, I've learned to eliminate non-essential projects, focusing only on what truly aligns with my core objectives. It's a must-read for anyone looking to declutter their life and mind, ensuring that every action taken is a step towards what genuinely matters.
The journey of trimming the unnecessary from my life is ongoing, but it's liberating to have fewer, more meaningful irons in the fire.
The life-changing international bestseller that started a global movement - now updated with the new 21-Day Essentialism Challenge and an exclusive excerpt from EFFORTLESS
Have you ever found yourself struggling with information overload?
Have you ever felt both overworked and underutilised?
Do you ever feel busy but not productive?
If you answered yes to any of these, the way out is to become an Essentialist.
In Essentialism, Greg McKeown, CEO of a Leadership and Strategy agency in Silicon Valley who has run courses at Apple, Google and Facebook, shows you how to achieve what he calls the disciplined pursuit of…
