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Top 10 Great MBA Books

Every year, MBA programs distribute reading lists to their students. These lists include professors' favorites and best-selling books recommended by organizations, such as Bloomberg, Businessweek, and Amazon. took another look at some of these great MBA books and chose our own top 10.

  1. Capitalism and Freedom. In this 1962 economics text published by University of Chicago Press, winner of the Nobel Prize in Economics, Milton Friedman explains the relationship between capitalism, economic and political freedom.
  2. The Practice of Management. In this 1954 text, Peter Drucker describes the practice of "Management By Objectives," which was soon adopted and debated throughout the business community.
  3. The Competitive Advantage of Nations. In this respected 1990 publication, strategy specialist Michael Porter outlines why nations have distinct competitive advantages in the global marketplace.
  4. The Goal: A Process of Ongoing Improvement. In this 1984 novel, Eliyahu M. Goldratt identifies how to eliminate constraints to achieving goals.
  5. Positioning: The Battle for Your Mind. In this 1981 best seller, marketers Al Ries and Jack Trout advise businesses about how to position their brands in customers' minds.
  6. Liar's Poker. Author Michael Lewis delves into the world of Wall Street bond traders in this popular 1989 novel.
  7. Made in America. Wal-Mart founder Sam Walton explains how he established and grew the world's most powerful retail empire.
  8. Jack: Straight from the Gut. Former General Electric CEO Jack Welch describes how he climbed the corporate ladder to become the blue chip company's top executive.
  9. The World is Flat 3.0: A Brief History of the 21st Century. In 2007, New York Times columnist Thomas Friedman updated his best-selling book The World is Flat. These works on globalization's benefits and drawbacks are considered must-reads for economists and businessmen.
  10. Fool's Gold: The Inside Story of J.P. Morgan and How Wall St. Greed Corrupted Its Bold Dream and Created a Financial Catastrophe. In this 2009 look at the most recent Wall Street financial meltdown, Financial Times reporter Gillian Tett provides insight into the behavior and people at J.P. Morgan, which launched a downward spiral for the American financial sector.