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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?

#173
There are some really good suggestions here about the economics and finance in general. I think having a good solid understanding of the financial crisis is valuable in today's world. I recommend "All the Devils are Here" by Bethany McLean. It offers a well rounded, facts-first approach to explaining the crisis. It does not point fingers or assess blaim, which is a valuable perspective.

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

#175

Earlier quoted context omitted.

I second the suggestion of mankiw's book, covers a lot, it's well written and mixes both interesting anecdotes and actual "theory".

How would compare Mankiw's Principles of Micro / Macro separately vs. his single, Principles of Economics text? Some background: I'm a graduate student with little time, but this election cycle has motivated me to learn some basic economics / history in my spare time.

They are similar, with a lot of overlapping material. I would recommend focusing on micro to start with because to me its basic ideas, models and techniques have the most value for life/business.

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

#177

Henry Hazlitt - 'Economics in one lesson' Mises - 'Theory of Credit and Money' Adam Smith - 'Wealth of Nations' Milton Friedman - 'Capitalism and Freedom' Murray Rothbard - 'A New Liberty' Have been my personal, but somewhat one-sided favourites.

You could justifiably argue that the better part of the modern economic syllabus is just a formalist footnote to Smith. So that's a great suggestion.

Absolutely true!

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

#178

Henry Hazlitt - 'Economics in one lesson' Mises - 'Theory of Credit and Money' Adam Smith - 'Wealth of Nations' Milton Friedman - 'Capitalism and Freedom' Murray Rothbard - 'A New Liberty' Have been my personal, but somewhat one-sided favourites.

Legal ebooks and audiobooks of various formats provided gratis from some fine nonprofits: Henry Hazlitt - 'Economics in One Lesson': https://fee.org/resources/economics-in-one-lesson-2/ Mises - 'Theory of Credit and Money': https://mises.org/library/theory-money-and-credit Adam Smith - 'Wealth of Nations': http://www.ibiblio.org/ml/libri/s/SmithA_WealthNations_p.pdf Murray Rothbard - 'For a New Liberty': https://mise…

Awesome! Good find :)

I absolutely love FEE, I probably read their articles almost daily.

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

#179
post #13

I have news for you: statistics is totally unrelated to economics. Better rethink everything you think you know. For people wanting recommendations, I suggest Carl Menger's Principles of Economics, which has saved me from stupidification on college.

This is a completely unrealistic statement. Our models are imperfect, but with ever increasing economic data there is ever increasing opportunity to utilize statistics with economic and financial data. In fact look in to the field of econometrics and unless that field is a fantasy, there is a huge relation between statistics and economics.

That field is obviously a fantasy.

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

#180

I'd recommend textbooks or corsera rather than pop econ books. Mostly Harmless Econometrics - Angrist and Krueger Principles of microeconomics - Mankiw (beginner) Intermediate microeconomics - Varian (intermediate) You also want to cover finance and time series - I don't know what would be good there.

For someone coming from a totally different field, I'd actually recommend the opposite approach: start with pop-econ to actually develop an interest, then move on to more serious academic works. Starting from zero, a textbook risks being far too boring to stick with. Best to generate an interest first, then dive deeper once you've got a context and hunger to know more.

Yeah, I think the best econ and finance journalists are more captivating than a textbook. I'd recommend Matt Levine, Tim Hartford, anything in the Economist magazine Paul Krugman's early essays (before he became a political columnist) as well as the Freakonomics and econtalk podcasts as a general introduction.
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