SOLO BOOK CLUB
SOLO BOOK CLUB
"Simplicity is a virtue"
Inspired by my advisor, Steve Newbold, whose unwavering support and encouragement have been instrumental in my academic journey, I have compiled a list of books that I have recently read, either in part or in full. These books span a range of topics relevant to my interests in both economics and non-economics subjects.
ECONOMICS
CURRENTLY READ
The Effect: An Introduction to Research Design and Causality
By Nick Huntington-Klein
This book provides an excellent overview of causal inference, including a clear explanation of quasi-experiments. Huntington-Klein effectively illustrates how quasi-experimental designs—such as regression discontinuity and interrupted time series—can be used to estimate causal effects when randomization is not possible.
Here is the website version of the book
RECENTLY READ
Economics in Two Lessons
By John Quiggin
This book, Economics in Two Lessons by John Quiggin, provides a clear and engaging introduction to fundamental economic concepts. Quiggin presents two core lessons: the role of economic models and the concept of opportunity costs. His writing simplifies these complex ideas, making them accessible and practical.
Early lessons in economics often emphasize why markets can work so well, but Quiggin argues that this focus is incomplete. He highlights that both Lesson One and Lesson Two are crucial for addressing pressing economic and environmental issues. Relying solely on Lesson One, without considering Lesson Two, can lead to significant errors and misguided conclusions. Overall, Quiggin’s book is an excellent resource for beginners and those seeking to better understand how economic principles apply to real-world problems.
RECENTLY READ
Causal Inference: The Mixtape
By Scott Cunningham
This book offers a comprehensive and engaging introduction to causal inference, and I appreciate how it emphasizes that 'correlation does not automatically mean causation.' Scott Cunningham guides readers through the complexities of understanding that covariation between variables isn't enough to draw valid causal conclusions from observable data—sometimes, correlations can be spurious. I found Cunningham's approach to topics like instrumental variables, difference-in-differences, and regression discontinuity both rigorous and approachable. Whether you're new to econometrics or an experienced researcher, 'Causal Inference: The Mixtape' offers valuable insights into the challenges of accurately identifying causality in data analysis.
Here is the website version of the book
RECENTLY READ
Doing Economics: What You Should Have Learned in Grad School—But Didn't
By Marc F. Bellemare
This book offers a practical and much-needed guide for anyone navigating the gap between theoretical training and the real-world demands of doing economic research. I found Marc Bellemare's insights on essential yet often overlooked aspects—like data management, writing, publishing, and handling the peer review process—particularly helpful. Written in a clear, conversational style, the book feels like a mentor sharing advice that you wish you had learned in grad school. I appreciated the blend of personal anecdotes and professional tips, making 'Doing Economics' a valuable resource for graduate students and early-career researchers looking to excel in the field.
RECENTLY READ
Why Nations Fail: The Origins of Power, Prosperity, and Poverty
By Daron Acemolu and James A. Robinson
This book is not just an engaging read; it is a thought-provoking exploration of why some nations prosper while others remain trapped in cycles of poverty and instability. The authors make a compelling case that political and economic institutions are the key drivers of national success or failure. Nations with "inclusive" institutions, where power is distributed broadly and political participation is open to a wide section of society, are able to foster innovation, economic growth, and stability. On the other hand, "extractive" institutions, which concentrate power and wealth in the hands of a small elite, stifle economic development and perpetuate inequality.
I first encountered this book at the beginning of my master’s degree, recommended by a colleague. Its insights were eye-opening, particularly in understanding how deeply institutional structures can determine a country's trajectory. The book draws on a wide range of historical examples, from the fall of the Roman Empire to the divergent paths of North and South Korea, to illustrate how the balance of power and the inclusivity of institutions directly affect a nation's fate. The book’s central argument—that inclusive institutions lead to prosperity while extractive institutions lead to stagnation—has broadened my perspective on global development. It offers not just historical analysis but also important lessons about how countries can chart a course toward greater prosperity and equality.
RECENTLY READ
Most Harmless Econometrics: An Empiricist's companion
By Joshua Angrist and Jörn-Steffen Pischke
This book is not new and has been on my shelf for several years. It’s a valuable yet challenging read, especially if you don’t have a strong foundation in econometrics, probability theory, and matrix algebra. The authors focus heavily on causal inference, with detailed explanations of methods like instrumental variables, regression discontinuity, and differences-in-differences. While not an easy read, the insights it offers are invaluable for those serious about applied econometrics. Angrist and Pischke balance technical rigor with practical intuition, making this book a rewarding resource for dedicated readers.
NON - ECONOMICS
CURRENTLY READ
Silence: The Power of Quiet in a World Full of Noise
By Thich Nhat Hanh
This book, Silence: The Power of Quiet in a World Full of Noise by Thich Nhat Hanh, holds special significance for me. I bought it during a challenging period in my life, while I was in Edmonton, Canada, shortly after my relationship ended. After three years of shared plans and dreams, the breakup was a profound and difficult moment.
In the midst of this turmoil, I found Hanh's exploration of silence to be deeply comforting. I tried to follow his guidance on silencing my mind, and I discovered it to be as challenging as holding a plank position. This practice, much like a physical discipline, requires dedication and becomes an essential habit. I learned that, just as I nourish my body, my mind and soul need far more silence than I initially realized.
Each morning, I wake up, smile, and embrace the gift of another day. Focusing on my breath and the quiet moments around me, I find solace and clarity. Hanh's book has been a meaningful guide, helping me navigate a period of personal upheaval and enriching my overall well-being.
RECENTLY READ
Sapiens: A Graphic History,
Volume 1 - The Birth of Humankind
By Yuval Noah Harari
This book gave me a fresh perspective on how we've evolved, especially in terms of communication and cooperation. One key takeaway for me was the idea that, while our ancestors functioned best in small groups, we've managed to build complex systems, organizations, and even entire countries. It highlighted how our ability to communicate and work together is a real marker of our evolution. While there are aspects of Sapiens that can spark disagreement, I found that making the effort to understand these big ideas is what really matters.
CURRENTLY READ
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By Authors
RECENTLY READ
Understanding the Heart: The Art of Living in Happiness
By Minh Niem
This book, Understanding the Heart: The Art of Living in Happiness by Minh Niem, is a compelling read for people from all walks of life and all ages who seek to understand themselves better and view life from a brighter and deeper perspective. The author blends philosophical reflections with practical guidance, offering insights into emotional well-being and personal fulfillment.
While the book's philosophical approach may feel abstract to some, it remains a meaningful resource for those looking to enhance their understanding of happiness and cultivate a more profound sense of joy in their lives.