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

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41–50 of 274 posts

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

#41
For readable bios of the major economic thinkers, I like:

New Ideas from Dead Economists: An Introduction to Modern Economic Thought, by Bucholz and Feldstein

The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers, by Heilbroner

And for a readable sample of the economists' thought in their own words, there's:

Teachings from the Worldly Philosophy, by Heilbroner

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

#43

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 Gener…

Great suggestions!

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

#44

Here is my short list of favorite books on finance and economics: FINANCIAL SECURITIES / BANKING / VENTURE CAPITAL Bruck, Connie (1988) Predator's Ball: Inside Story of Drexel Burnham and Rise of Junk Bond Raiders Draper, William (2011) Startup Game Graham, Benjamin and Jason Zweig (2006) Intelligent Investor, revised ed. _________ and David Dodd (2008) Security Analysis, 6E Greenblatt, Joel (1999) You Can Be a Stock…

Great list! See my email in my profile.

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

#45
I read Dubner and Levitt's Freakonomics in 2005. It's lame to say that a pop-science book changed my life, but since then I've thought about economics every day.

I would recommend some pop-econ to become familiar with a stylized version of how economists think. I'd recommend Tim Harford's The Undercover Economist Strikes Back and The Logic of Life and Robert Frank's The Economic Naturalist. (Dubner's and Levitt's books are entertaining, but I wouldn't try to learn much about economics from them)

The world of professional economists has been fascinating to watch over the last 10 years, as academic economist blogs are very active and very high quality. Watching debates and commentary about the global financial crises unfold on the blogs in real time was really something. Economist bloggers have a real influence on policy now, and whole schools of thought have coalesced out of blogs (e.g. market monetarism).

There are some excellent economics podcasts out there now. EconTalk (with Russ Roberts) has been going since 2006. I'd recommend listening to some of his interviews with academic economists. Macro Musings (with David Beckworth) just started this year, and the policy discussions have been quite informative.

The Marginal Revolution University website has an fantastic series of videos on economics topics. The "Development Economics" course I would recommend strongly - I wish I'd been taught the Solow Model in school.

Economics is a very interesting discipline to study from the outside. Learning a bit about it puts policy debates in a new light - I've become much more liberal on some topics and much less confident on a lot of topics. I find that reporting about economics issues is generally pretty terrible, so beware that if you get into economics you'll want to stop reading a lot of news analysis.

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

#46
This one was recommended by the former head of NYMEX to me when I started my career in trading. Written about Jesse Livermore who made and lost his fortune multiple times. He was often blamed for rigging the market, but his lesson is simple: you basically can't rig the market; it will destroy you way more easily. Take what the market gives you and be happy it even decided to give you that:

https://en.wikipedia.org/wiki/Reminiscences_of_a_Stock_Opera...

And you'll see a lot of recommendations for everything from Hazlitt to Piketty, but my favorite you never see recommended for macro is The Way the World Works by Jude Wanniski. He was one of the life long Democrats who became a Reagan advisor (and basically quickly turned back into a Dem before passing away about ten years ago):

https://www.amazon.com/Way-World-Works-Gateway-Contemporary/...

Besides that, this is a really broad questions. There is stuff like John Hull for derivatives (this is what I survive on):

https://www.amazon.com/dp/0133456315\

This is the game theory book I and many others have survived on in college and many years past. Haven't really found a better one yet:

https://www.amazon.com/Game-Theory-Press-Drew-Fudenberg/dp/0...

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

#48

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 Gener…

Excellent list. This is basically an undergraduate Econ degree here.

I would also add Veblin to this list of authors.

Also, one of my favorite overviews of economists is The Worldy Philosophers.

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

#49
post #45

I read Dubner and Levitt's Freakonomics in 2005. It's lame to say that a pop-science book changed my life, but since then I've thought about economics every day. I would recommend some pop-econ to become familiar with a stylized version of how economists think. I'd recommend Tim Harford's The Undercover Economist Strikes Back and The Logic of Life and Robert Frank's The Economic Naturalist . (Dubner's and Levitt's bo…

>I read Dubner and Levitt's Freakonomics in 2005. It's lame to say that a pop-science book changed my life, but since then I've thought about economics every day.

Don't believe everything you read in Freakonomics. Unfortunately it's written to be entertaining (which it is) but isn't always the most rigorous representation of the truth (which is disappointing)

http://www.americanscientist.org/issues/pub/freakonomics-wha...

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

#50
post #45

I read Dubner and Levitt's Freakonomics in 2005. It's lame to say that a pop-science book changed my life, but since then I've thought about economics every day. I would recommend some pop-econ to become familiar with a stylized version of how economists think. I'd recommend Tim Harford's The Undercover Economist Strikes Back and The Logic of Life and Robert Frank's The Economic Naturalist . (Dubner's and Levitt's bo…

>I read Dubner and Levitt's Freakonomics in 2005. It's lame to say that a pop-science book changed my life, but since then I've thought about economics every day. Don't believe everything you read in Freakonomics. Unfortunately it's written to be entertaining (which it is) but isn't always the most rigorous representation of the truth (which is disappointing) http://www.americanscientist.org/issues/pub/freakonomics-w…

This is why I said "Dubner's and Levitt's books are entertaining, but I wouldn't try to learn much about economics from them."
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