Hacker News Books

40,000 HackerNews book recommendations identified using NLP and deep learning

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nostromoonOct 3, 2018

If you want details, you'll have to look beyond internet comments. :)

Read The Road to Serfdom and The Constitution of Liberty by Hayek for a deep discussion of liberalism.

The Wealth of Nations and Free to Choose are also great books to consider.

lefstathiouonDec 12, 2016

Free to Choose by Milton Friedman
https://www.amazon.com/Free-Choose-Statement-Milton-Friedman...

I'm not trying to be cute here btw.

vukkonAug 8, 2011

I recommend reading Friedman's Free to Choose after reading The Shock Doctrine http://www.amazon.com/Free-Choose-Statement-Milton-Friedman/...
(Friedman is the guy that Naomi Klein blames on the book)

1223912thNWonApr 7, 2018

A: ... quotas and roots. Milton Friedman's book: Free to Choose, explains "self-interest", the Economic Man, and his search for the better life. I'm pretty sure it's in the DNA.

CWuestefeldonMay 21, 2010

Free to Choose ebook deal of the day

Oddly, "Free to Choose" (https://secure.wikimedia.org/wikipedia/en/wiki/Free_to_Choos... ) is not one of the books that you can buy.

mike128onMar 6, 2017

Free to Choose - Milton Friedman

Emotional Intelligence - Daniel Goleman

Karishma1234onJune 30, 2020

Surprised me as well. Milton Friedman's Free to Choose (book and tv) remains so much relevant reading in 2020. Hayek was very hard to comprehend because his writing is information dense. You have to read a sentence carefully few times to full comprehend it.

olalondeonMay 6, 2020

That free market capitalism is a good system that works. I grew up in a family that pretty much believed the opposite so I probably never would have become an entrepreneur otherwise. I mainly credit Milton Friedman's "Free to Choose" series for persuading me, as well as some of Paul Graham's essays.

stephenbezonSep 23, 2016

I found Milton Friedman's "Free To Choose" fundamental and very readable.

https://www.amazon.com/Free-Choose-Statement-Milton-Friedman...

ivankiriginonMay 4, 2008

Milton Friedman is an excellent writer. Try "Capitalism and Freedom" or "Free To Choose". Not so much academic discussions about partial derivatives applied to indifference curves, but very informative.

pskotarczakonMay 30, 2014

Definitely You should read "The general theory of employment, interest and money" by John Maynard Keynes. And from the other side of the economic spectrum try: "Free to choose" by Milton Friedman. Probably, you should also pick: "This time is different" by Ken Rogoff and Carmen Reinhart.

claudeganononAug 22, 2019

>Milton Friedman's book "Free to Choose" is a good introduction if you're interested in more.

At some point you have to acknowledge the irony at refusing to see Libertarianism as anti-poor ideology, while simultaneously pointing people to a man who worked (and trained others to work with at the University if Chicago) far right dictators like Pinochet.

pitdesionAug 6, 2011

http://www.npr.org/blogs/money/ is great for understanding what's going on right now

There was a fantastic 1980 PBS (video) series called Free to Choose, by Nobel-Prize winning economist Milton Friedman and his wife Rose.
It's available for free viewing here: http://miltonfriedman.blogspot.com/

Once you get into economics, you will like this blog: http://marginalrevolution.com/

ShmulkeyonJune 27, 2010

Economics in One Lesson by Hazlitt: http://jim.com/econ/, http://www.fee.org/pdf/books/Economics_in_one_lesson.pdf

Basic Economics by Thomas Sowell

Applied Economics by Thomas Sowell

Free to Choose by Milton Friedman (video series, too)

Use of Knowledge in Society by Hayek (short, non-technical paper which is full of brilliant insights): http://www.econlib.org/library/Essays/hykKnw1.html

Not a book, but the Econtalk podcast is fantastic: http://www.econtalk.org/

WalterBrightonAug 22, 2019

> Maybe anti-poor is a better description?

No. Libertarians are against any sort of class system (i.e. legal privileges for certain groups). They are neither anti-rich nor anti-poor. Of course, there are libertarians who are jerks, but that isn't what Libertarianism is about. Also, most people only hear about Libertarianism from non-Libertarians, hence they only hear negative things about it.

Libertarianism is mainly about people being free to choose, and being responsible for their choices, as long as they aren't hurting others in the process.

Milton Friedman's book "Free to Choose" is a good introduction if you're interested in more.

DowwieonNov 27, 2015

Thanks for sharing. We could spend hours drawing from this essay.

Let's consider this part:

"A hundred years ago the philosophical radicals formed a school of intelligent men who were just as sure of themselves as the Hitlerites are; the result was that they dominated politics and that the world advanced rapidly both in intelligence and in material well-being."

Another example of this is neo-liberal capitalism: from Hayek [1] and his disciple, Friedman [2], to myriad think tanks, Reagan and Thatcher, SCOTUS (eg Powell [3]), etc. We're still living with the outcome of a generation of intelligent, organized, ambitious people united by a [flawed] ideology.

[1] Hayek - "The Road to Serfdom" http://amzn.to/1PRWyDj
[2] Friedman - "Free to Choose" http://amzn.to/1QKIewt
[3] Powell - "Attack on American Free Enterprise System" http://bit.ly/1Q2bHR7

fleitzonMay 15, 2011

It's interesting that you mention Friedman, in his series Free to Choose he outlines the AMA position against paramedics. It seems quite funny now but if you think about it it really outlines a larger issue with the AMA and the Hippocratic Oath. If you read most of the oath it's really about dividing up healthcare into monopolies.

legitsteronMay 2, 2016

Estonia is such an interesting country. Story is that after the fall of communism they built, their entire economic model off of Milton Friedman's "Free to Choose" book, having relatively little knowledge of any economics. This lead to some very interesting successes as a post-communist nation, especially considering Free to Choose was likely a banned book just a few years before. It sounds like they are going even further to the right and experimenting with some of the ideas from Anarcho-capitalism.

Bully for them. It's been working for them in the past, and it's nice to see a government that (at least seems) to have their act together trying out some weird and out there stuff.

eddiehonDec 20, 2019

It should remind you of I, Pencil since it is essentially the modern telling of Smith's pin factory.

Milton Friedman described the pencil in his Free to Choose series:
https://www.youtube.com/watch?v=67tHtpac5ws

And in 2012 CEI made a movie version:
https://www.youtube.com/watch?v=IYO3tOqDISE

I know the rules here are such that we don't talk about voting up/down, but I have no idea why you were voted down. Your post is on-topic and informative. I didn't know their was a book version or the CEI movie version, I had only watched the Free to Choose series. Thanks for sharing.

grandalfonOct 24, 2011

Friedman's approach is more scientific. He asks a lot of "Why?" questions to begin his discussion of various issues. His approach always has the strong feel of being scientific and falsifiable, and most importantly data driven.

Economics in One Lesson is also a good read, but to me it comes across as a bit more dogmatic... the examples are a bit less falsifiable, etc. In general, it's not the sort of book that is likely to be quite as convincing to a skeptic as Friedman's.

C&F (unlike some of Friedman's other books) is very welcoming to those with different ideas, and focuses on the goal of the discipline of economics and does not get caught up in political issues. I found the opposite tone in "Free to Choose", for example.

PrrometheusonJan 8, 2009

Thank you, Zed, for debunking internet-forum libertarianism. To the non-naive libertarians among us, however, you have provided no new information.

If you have the time, you should pick up some Friedman or Hayek. Friedman's "Free to Choose" is a mass market book on libertarian economic policy. Hayek's "The Use of Information in Society" is a beautiful exposition on the function of a decentralized market. But there are plenty others.

You might also benefit from a well-reasoned, economic critique of regulation. "Regulatory capture" is a real phenomenon, as is self-serving bureaucracy. If hundreds of thousands of pages of rules and a multi-trillion dollar budget weren't enough to fix the market, there is probably something wrong with the process. "More rules and money" probably isn't going to fix things.

I can find such writing for you if you don't have the time. Drop me an email.

However, you will find that writings by competent libertarian economists are not so easy to "debunk" when compared to forum posts written by 16-year-olds. Or Misesians. Those guys are crazy.

tn13onNov 23, 2016

Milton Friedman's book "Free To Choose" opens with a reference to this essay. At the core of it is the idea that Human beings indeed co-operate and help each other at a massive scale that what we might perceive individually.

It is also a reminder that politicians who claim that they can make college and healthcare free, create jobs, increase wages, protect use from Chinese people stealing jobs, negotiate "smart trade deals" are basically people who have no clue what they are talking about.

vukkonDec 31, 2010

Well probably the people who are interested on this know the name Milton Friedman very well, but I agree that for others an about page would be nice.

Just FYI: this is a television series from Friedmans book "Free to Choose", a classic book that advocates laissez-faire politics (free markets). Highly recommanded if you are interested in economics.

EDIT: Actually I checked and it seems that the book was written after the first TV-series, my bad.

ardy42onJan 22, 2021

> I mention regulations in general and not particular one, because the context that you are talking about is placed within bigger context of everything around changing. And once law is put in place is almost never removed.

But you can't connect abstract "regulations" to any kind of bigger context for a cost/benefit analysis. You can for a particular regulation or a particular set of regulations, though.

I believed stuff like "regulations are only added never removed" and "government always grows, never shrinks," but that's empirically false. I read all about how the ICC's regulatory regime was awful in Free to Choose by Milton Friedman, but it turns out by that time it had already been abolished: https://en.wikipedia.org/wiki/Interstate_Commerce_Commission....

I don't think it's a bad thing to periodically revisit regulations and revise/abolish them if they're no longer needed or can be improved. However, I think it a lot of cases, regulation is actually a set of solutions to problems, and repealing the regulation will just unsolve those problems.

> Re forum, collecting emails seem to count as personal data, maybe the amount of work wouldn't be high, but researching what do I really need to do, how to register personal data database etc. was high, there were not much info available at the time. AFAIR changes were pretty brutal to me since I was miraculously running on some very deprecated phpBB with a few manual patches which kept bots away.

IIRC, I think they do, but from my employer's GDPR training, all you'd have to do is not use the emails you collected for a purpose other than what you obtained consent for. E.g. if you collected them for account maintenance notifications, you can't turn around and build a marketing list from them without getting additional consent from the user.

axiomonSep 19, 2007

It's pretty tragic how little most people understand about basic economics. Not just with respect to how societies function, but basic concepts like incentives and the law of supply and demand. Oh, and of course No Free Lunch.

So in that spirit, here are a couple of economics books that I quite seriously believe everyone should be forced to read.

Economics in One Lesson, by Hazlitt

Free to Choose: A Personal Statement, by Milton and Rose Friedman

Freakonomics, by Levitt and Dubner (this book is just so damn fun to read)


and for the hackers:
The God of the Machine, by Paterson
(Think engineering principles as applied to economics, history and politics. Probably one of the most interesting books I've read in my entire life, even if I don't entirely agree with the thesis.)

f00_onJan 31, 2018

I have read a bit of Sowell, bought a collection of his work for my boss, whom I argue with all the time. But when it comes down to it people who read Sowell/Free to Choose/Capitalism and Freedom, when trump imposes tariffs on South Korean Washers to protect the corporate managers at Whirlpool they are not classical liberals, they don't even support free trade.

they are just worshippers of the state capitalist system, ideological managers keeping the party line "top of mind"

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