And even if you didn’t it’s still not too late! The following books are light reads, filled with anecdotes. Even if you have the slightest interest in the way the world works, all three will be of interest. The first is highly recommended for Economics applicants, while the third will appeal more to the Psychologists/Managers of you. The second is a good general read for anyone about the financial crisis and is a must read if you’re considering a career at an Investment Bank or hedge fund.
1. The Logic of Life by Tim Harford – from the author of The Undercover Economist comes the Logic of Life. Most economic theories are underpinned by the assumption that people – sorry – “economic agents” – are logical or rational in the way they behave and make economic decisions. But are they really? Tim thinks they are. A useful book to form your opinions on one of the most fundamental but hotly contested assumptions of modern economics. An ideal discussion to step into during your university economics or philosophy interview.
2. The Big Short by Michael Lewis – from the highly acclaimed author of Liar’s Poker comes the latest instalment. A must read for those of you considering a career in the world of Finance. Even if you’re not, it’s again very handy for university interviews. It even doubles up by providing great conversational fodder for dinner parties with Bankers, Economists, Politicians or anyone willing to talk about the GFC.
3. Outliers by Malcolm Gladwell – you might be noticing a trend arising in these recommendations. All these authors have previously published books which have been very successful and proved to be enticing reads for Econ students and this is no exception. This one is more for the psychology and management aficionados out there, which takes a look at why people are successful. Pay particular attention to the section on Hofstede’s dimensions of culture – there’s a good chance you’ll be coming across it again at University.