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What are some good books about economics?

Posted on 6/2/11 at 8:35 am
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423392 posts
Posted on 6/2/11 at 8:35 am
i acquired a kindle for free yesterday, so i'm going to start using it leisurely in trying to advance my being

i downloaded "principles of economics" by marshall, and it's supposed to be a big cornerstone, but it's very boring and very long (that's what i get for going with the cheap option)

so i'm wondering if there are any other good books on economics. does friedman have a good book that doesn't require a basic understanding of economics to get into? i have almost no formal education in econ
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 6/2/11 at 8:50 am to
I'm thinking about adding this one to my kindle:

LINK
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 6/2/11 at 8:50 am to
Also, here's the Economics section from Amazon:

LINK
Posted by Broke
AKA Buttercup
Member since Sep 2006
65050 posts
Posted on 6/2/11 at 9:01 am to
I still haven't read Freakonomics and I teach dat shite.
Posted by SEC CHAMP
NORTH 9
Member since Sep 2005
1146 posts
Posted on 6/2/11 at 9:16 am to
This was the first econ book I read when I had no idea what the field of economics covered.

Posted by bobandy
Sunnyvale
Member since Oct 2010
29 posts
Posted on 6/2/11 at 9:28 am to
The Big Short is more about Finance, but it's worth reading.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/2/11 at 9:36 am to
Freakinomics was dumb. Just a lot of correlation and causation stuff.

I don't know of any leisurely Econ books you could go after, but I would make sure you go with macro topics. Micro is a lot of sociological rationality, which helps someone to be a more rational consumer, but not talk about global economics.

The commonly accepted theory in the world is Keynes theory, so that is a good start. Maybe something about economic growth after that.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/2/11 at 9:37 am to
What are you trying to get out of the book?

That would help us pick one.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65050 posts
Posted on 6/2/11 at 9:43 am to
Good question.

I would start with Wealth of Nations.
Posted by LSUlunatic
Member since Dec 2006
6833 posts
Posted on 6/2/11 at 9:53 am to
You're much better off reading a few acclaimed econ essays than reading a book on economics IMO.
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 6/2/11 at 10:07 am to
Free to Choose by Friedman would be a solid starting point IMO.

Basic Economics by Sowell is about 600 pages of boring material, I would be pretty impressed if you finished it. Sowell has some shorter books that might be better, I read "Economic Facts and Fallacies" and it was a decent read.
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15051 posts
Posted on 6/2/11 at 12:22 pm to
quote:

Good question.

I would start with Wealth of Nations.

Everybody says this, but unless you want to subject yourself to a detailed exegesis of the varying price of corn (by which he means wheat) in various Scottish villages throughout the 18th century I think there are better choices. No doubt Wealth of Nations is a Great Book (tm) but it is not what I would recommend as an introductory text to someone looking for a basic intro to economics.

Seriously, I'd recommend buying an econ 101 textbook - if you buy used, and are willing to accept last year's edition, you can get it for under $10. Mankiw's text is the gold standard.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/2/11 at 12:57 pm to
quote:

Seriously, I'd recommend buying an econ 101 textbook - if you buy used, and are willing to accept last year's edition, you can get it for under $10. Mankiw's text is the gold standard.



That's what I was going to say. Find out what LSU is using for Macro (I don't know the number, I think it used to be 2030) and download it. Literally introductory econ. I think Shiller's books are good too, but like THF said, it depends on what your goal is.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423392 posts
Posted on 6/2/11 at 1:35 pm to
got dat covered
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15051 posts
Posted on 6/2/11 at 2:05 pm to
I'm actually slowly working my way through Posner's textbook right now. Are you more interested in behavioral economics or monetary/fiscal policy issues?
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423392 posts
Posted on 6/2/11 at 2:08 pm to
behavioral, but i figure if i want to speak of the subjects, i need to get a base-level across the board
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15051 posts
Posted on 6/2/11 at 2:12 pm to
ever read Moneyball ?
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423392 posts
Posted on 6/2/11 at 2:31 pm to
no. can a person who hates baseball make it through moneyball?

i tend to enjoy lewis's writing style
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15051 posts
Posted on 6/2/11 at 2:39 pm to
I don't know. It helps to at least be familiar with the game. But it's a great real world example of practical application of a lot of basic economic principles like scarcity, low hanging fruit, information imbalances.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/2/11 at 4:03 pm to
Shiller is the king of behavioral econ/fin. In terms of "speaking about the subject," running through an econ 101 textbook isn't going to get you there, unless you're talking about talking to people who don't know what they are talking about.
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