My favorite of all time is the New Bill James Historical Baseball Abstract. It's really good: very well written, and very well researched, with lots of interesting things that don't always get told.
The Great American Baseball Card Flipping, Trading and Bubble Gum Book is a great one too. It and the Bill James Historical Baseball Abstract were the two books that introduced me to the older players. I've read both of them many times since I was nine or so.
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