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Ask HN: What are the must-read books about economics/finance?

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Re: Ask HN: What are the must-read books about economics/finance?

#31
Not sure how popular this take on finance is, here in HN (really I have no idea), but I found these two very interesting.

"The New Depression: The Breakdown of the Paper Money Economy"

and "The Dollar Crisis: Causes, Consequences, Cures" both by Richard Duncan

Re: Ask HN: What are the must-read books about economics/finance?

#32

(Economics major and longtime econ book/paper reader here) I very much enjoyed The Cartoon Introduction to Economics as an introduction to microeconomic concepts: http://standupeconomist.com/cartoon-intro-microeconomics/ It's extremely readable and funny and covers most of the situations in real life where you can apply economic concepts to understand why something is the way it is. Understanding why countries and ec…

Indeed, Buffet worked at Graham's (the author of The Intelligent Investor) partnership.

Re: Ask HN: What are the must-read books about economics/finance?

#33
post #22

Options, Futures, and Other Derivatives by John Hull Principles of Corporate Finance by Richard Brealey, Stewart Myers, Franklin Allen Traders, Guns and Money: Knowns and unknowns in the dazzling world of derivatives by Satyajit Das

Second vote for Hull.

Corporate Finance by Stephen Ross is another text. I'm not sure how it compares to Brealey.

Re: Ask HN: What are the must-read books about economics/finance?

#34
David Ruppert's "Statistics and Finance" is the classic you are looking for. It is a standard textbook in most finance curriculums in the US. Roughly 50% of the book is plain statistics as applicable to finance. The rest is finance with a statistical flavor.

Re: Ask HN: What are the must-read books about economics/finance?

#35
The following list will introduce you to Western Economic Philosophy as it relates to modern history specifically. This list is weighted heavily toward neo-classical economics and does not get into computational model based economics - specifically microeconomics, which comprises the bulk of economics education today:

Schumpeter - History of economic analysis

Adam Smith - Theory of Moral Sentiments

Kaynes - The General Theory of Employment, Interest and Money

Marx - Capital

Benjamin Graham - The Intelligent Investor

Galbraith - The Affluent Society

Galbraith - The Great Crash

Milton Friedman - Capitalism and Freedom

Nassim Taleb - Black Swan

Ron Suskind - Confidence Men

Scott Patterson - Dark Pools

If you want to delve into heterodox economics afterward, start with the following:

Hayek - Individualism and Economic Order

Mises - Human Action

Rothbard - Man, Economy, State

Re: Ask HN: What are the must-read books about economics/finance?

#36
post #24

Road to Serfdom, by F.A. Hayek?

Very much worth reading and not just to prove your right wing or libertarian bonafides.

I think the essence of good economic thinking is understanding unintended consequences and reading the road to serfdom is a great way to really think about unintended consequences. Basically that well-meaning policies that have a side effect of centralizing power tend to do more harm than good.

Re: Ask HN: What are the must-read books about economics/finance?

#37
There is no must-read books for economics (or almost any other field of study). Non-fiction economics books are meant to teach the reader something new. As Economics represents a set of ideas owned by no one individual, the best overview of economics will contain all of the important, integral ideas of the subject.

Any summary of economics that introduces the core concepts will be great and serve its purpose.

Re: Ask HN: What are the must-read books about economics/finance?

#40

There is no must-read books for economics (or almost any other field of study). Non-fiction economics books are meant to teach the reader something new. As Economics represents a set of ideas owned by no one individual, the best overview of economics will contain all of the important, integral ideas of the subject. Any summary of economics that introduces the core concepts will be great and serve its purpose.

Economist here.

I disagree that if someone wants a broad introduction that by picking up Samuelson or MWG will be able to figure out the field from first (mathematical) principles.

New Ideas from Dead Economists is a fantastic, broad introduction into the philosophy of economics that you appears interested in.

Works by Keynes, Smith, Marx, Robinson, Hayek, and Ricardo do a fantastic job laying the groundwork for modern economic theory.

If you're looking for the quantitative side of economics, Mostly Harmless Econometrics, Freakonomics, and (on the very theoretical side) Recursive Methods in Economic Dynamics are must reads.

Capital by Picketty is currently being debated, as the underlying evidence towards his theories are compelling but not necessarily testable.

Game theory is also a fun field within economics, and has overlap in CS and (occasionally) statistics.

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