Readable Economics Books

Discussion in 'Economy' started by Jordan, Nov 15, 2010.

  1. Jordan
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    Jordan Rookie

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    I'm curious, does anyone have any recommendations for a good, readable book about basic economic theories, or a good book about other economic basics? I would love to learn more about economics, but I have bad memories of dull textbooks from high school AP courses. Yet often I will read an article that gets me excited about certain economic ideas, and I was hoping to foster that excitement with some good reading material.
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    Economics in One Lesson - Here's a PDF e-book:

    http://www.fee.org/pdf/books/Economics_in_one_lesson.pdf

    Two by P. J O'Rourke:

    [ame=http://www.amazon.com/Eat-Rich-Treatise-Economics-ORourke/dp/0871137607]Amazon.com: Eat the Rich: A Treatise on Economics (O'Rourke, P. J.) (9780871137609): P. J. O'Rourke: Books[/ame]

    [ame=http://www.amazon.com/Wealth-Nations-Books-Changed-World/dp/0871139499]Amazon.com: On The Wealth of Nations (Books That Changed the World) (9780871139498): P. J. O'Rourke: Books[/ame]


    A great one by Mark Skousen:

    [ame=http://www.amazon.com/Making-Modern-Economics-Lives-Thinkers/dp/0765604809]Amazon.com: The Making of Modern Economics: The Lives and Ideas of the Great Thinkers (9780765604804): Mark Skousen: Books[/ame]
     
  3. william the wie
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    william the wie Gold Member

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    Niall Ferguson is among the most readable writers on economics. Strauss & Howe wrote four highly readable books on the impact of demography on economics and they are probably available at your library.
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Here's a great and readable series, from Dr. Walter E. Williams, former head of the econ department at George Mason University:

    Economics for the Citizen, Part 1
     
  5. Baruch Menachem
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    Baruch Menachem '

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    Freekonomics is a fun read.

    Milton Friedman was a great read. But most of his stuff is graduate level.

    [ame="http://www.amazon.com/exec/obidos/tg/detail/-/0887308856/ref=pd_bxgy_img_2/102-4043851-7054520?v=glance&s=books"]His son, David is more accessible.[/ame]

    Adam Smith is really cool when you get to the 5th part.

    the first part is necessary, but hard.

    [ame="http://www.amazon.com/New-Ideas-Dead-Economists-Introduction/dp/0452288444/ref=cm_cr_pr_product_top"]Fresh Ideas from dead economists is the best text on understanding the background[/ame] of their arguments.

    I now have a lot more respect for Malthus.
     
  6. JBeukema
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    JBeukema BANNED

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    [ame="http://www.amazon.com/Meltdown-Free-Market-Collapsed-Government-Bailouts/dp/1596985879/ref=sr_1_1?ie=UTF8&qid=1289886290&sr=8-1"]Amazon.com: Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse (9781596985872): Thomas E. Woods Jr., Ron Paul: Books[/ame]

    [ame="http://www.amazon.com/Capital-Critique-Political-Karl-Marx/dp/1453716548/"]Amazon.com: Capital: A Critique of Political Economy (9781453716540): Karl Marx: Books[/ame]

    [ame]http://www.amazon.com/Bad-Money-Reckless-Politics-Capitalism/dp/0670019070[/ame]

    [ame]http://www.amazon.com/After-Capitalism-Managerialism-Workplace-Democracy/dp/0679418598[/ame]



    Literature :: Mises Institute
     
    Last edited: Nov 15, 2010
  7. California Girl
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    Roger A Arnold has done some excellent basic level economics books.
     
  8. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Economics In One Lesson is probably the best book on economics to start with. Very accessible to just about anyone.

    [ame=http://www.amazon.com/How-Economy-Grows-Why-Crashes/dp/047052670X/ref=sr_1_1?ie=UTF8&qid=1289888022&sr=8-1]Amazon.com: How an Economy Grows and Why It Crashes (9780470526705): Peter D. Schiff, Andrew J. Schiff: Books[/ame]

    Schiff's newest book is extremely accessible, probably even for small children.
     
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  9. william the wie
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    william the wie Gold Member

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    The thing to keep in mind is that a lot of economics is based on models that have turned out to be oversimplified. Michael Shermer, Robert Wright and others are trying to revise Austrian economics to conform to advances in behavior and neurology. Shiller, Reinhardt and others are trying to do the same in regards to Keynesian economics. Robert Shiller co-founder of the Case-Shiller housing index is a living example of unplanned inaccuracy. Since the only way to get the housing data out in time to mitigate the meltdown was to ignore Sq. Ft. and amenities in his index so that's what he did. As a result he understated how far down the eventual bottom in housing will be. So do be prepared to have much of economics rewritten in the near future.
     
  10. psikeyhackr
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    psikeyhackr VIP Member

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    The real deal at the down and dirty level.

    The Screwing of the Average Man by David Hapgood
    [ame=http://www.amazon.com/screwing-average-man-David-Hapgood/dp/B0006W84KK]Amazon.com: The screwing of the average man: David Hapgood: Books[/ame]

    Historical overview of the delusions about economics in European thought.

    The Age of Uncertainty by John Kenneth Galbraith
    [ame=http://www.amazon.com/Age-Uncertainty-John-Kenneth-Galbraith/dp/0395249007]Amazon.com: The Age of Uncertainty (9780395249000): John Kenneth Galbraith: Books: Reviews, Prices & more[/ame]

    Video of Uncertainty

    [ame]http://www.youtube.com/watch?v=smFUjYKTGHk[/ame]
    [ame]http://www.youtube.com/watch?v=oB0vk076-io[/ame]
    [ame]http://www.youtube.com/watch?v=UOsEYstZzUY[/ame]

    The problem with all of this economic theory is that planned obsolescence was not going on before 1900. It didn't go into high gear until after World War II. But economists are technological morons and can't evaluate good products anyway and ignore the Demand Side Depreciation fo all of the junk.

    But now we are supposed to listen to scientists talk about global warming even though they didn't say anything about planned obsolescence producing lots of unnecessary CO2 since the 60s.

    Economic Wargames

    Double-entry accounting is 700 years old. When have economists suggested that it be mandatory in the schools. The job of the economics profession is to RATIONALIZE the economic power game.

    psik
     

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