Stan Liebowitz's Book Recommendations:

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Exchange and Production by Armen Alchian and William Allen
This is one of the most insightful discussions of the workings in a modern economy ever written. It is a classic textbook that has influenced several generations of economists.

Public Intellectuals by Richard A. Posner
This book, by one of the founders of Law and Economics and one of the great minds of our time, is a remarkably erudite but still readable discussion of public intellectuals and the quality of their output. A must-read for anyone interested in the world of general scholarship, or what passes for it.

Stan Liebowitz
University of Texas at Dallas

Straight Man by Richard Russo
This is the funniest novel I have read in a very long time. It satirizes college life from the other side of the lectern. It shows that the undergraduates don't have anything on the faculty when it comes to boorish behavior.

Investment, Interest, and Capital by Jack Hirshleifer
This is not an easy read, but it is self-contained, and if you ever want to see a complete logical treatment explaining the role of interest rates and how the economy fits into a nice, tidy theoretical model, this is the book for you.

Capitalism and Freedom by Milton Friedman
Friedman's book should be an eye-opener to anyone with a sense of logic but who has not yet been exposed to these economic ideas. I remember being mesmerized by the chapter on occupational licensure, which explained in clear logic the real purpose of such regulations.

The Free-Market Innovation Machine by William J. Baumol
One of the leading economists explains the role of innovation in the economy and the role of property rights in promoting that innovation.

Arrowsmith by Sinclair Lewis
This is a great novel that also explores the methodology of science. I remember being enthralled as a teenager reading this book.



Biographical Info: Stan Liebowitz was trained at Johns Hopkins (BA) and UCLA (PhD). He teaches economics in the Management School at the University of Texas at Dallas and is head of the Center for the Analysis of Property Rights & Innovation. In addition to five books, he has published more than 60 articles. He has been on the editorial board of several economics/law journals and is affiliated with several policy and research institutes. Liebowitz's research interests include the economic impact of new technologies on copyright owners, the economics of networks, pricing issues, and antitrust. His recent book, Rethinking the Network Economy, was picked by Soundview Executive Books as one of the top 30 business books of 2002. For more information on Liebowitz, visit http://www.utdallas.edu/~liebowit.