71–80 of 274 posts
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…
1) Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Controlling Risk
2) Quantitative Equity Portfolio Management: Modern Techniques and Applications
Debt: the First 5,000 Years by David Graeber is a controversial but rather important recent publication. I haven't seen it mentioned yet, so I wanted to recommend it.
It cops a lot of flak from some conservative established economists though, probably because most of the book is dedicated to disassembling economic myth from the perspective of history and anthropology.
Great case study of a fresh pair of eyes and an example of someone from one field applying different thinking to another field and coming to some very different conclusions. Can't recommend it enough.
Economics in One Lesson by Henry Hazlitt Human Action by Ludwig von Mises
Earlier quoted context omitted.
All of those are very dated and you won't learn much about modern economic thought from them. Many of those people (Keynes, Marx, Graham, etc...) are like reading Freud. Very little of what Freud wrote has made into modern psychological though. It is more of his methodical approach that brought psychology into the modern age. The same can be said of many on that list. They brought a rigor of thought to economics that…
I think it's safe to say that Keynes works are the foundation of modern macroeconomics. His economic cycles are doctrine in economic planning. Moreover he has been invoked increasingly post 2008 recession.
I think it is safe to say that most of his theories are dead as a doornail. Keynesian thought always had this problem melding macro and microeconomics (similar to physicists have with relativity and quantum mechanics -- the physics of the very large and the very small -- not fitting together).
The stagflation of the 1970s seriously attacked the very foundation of Keynes ideas. It was literally impossible for it to happen. The wage-price spiral was blown to pieces. Even today's world is completely unexplainable in original Keynesian terms, especially when looking at a global scale.
Simple Numbers, Straight Talk, Big Profits – Greg Crabtree
The 1% Windfall – Rafi Mohammed
Accounting Made Simple – Mike Piper
How to Read a Financial Report – John A. Tracy
Venture Deals – Brad Feld & Jason Mendelson
And http://www.bloomberg.com/news/features/2016-05-30/the-untold...
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.
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.
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/wi…
Good call on the Hull recommendation - How do you feel about Natenberg's Option Volatility and Pricing? What do you trade, out of curiosity? (Career software engineer and fledgling options trader here, these were recommended to me when I first started learning. Still looking to make an industry change.)
https://www.amazon.com/gp/product/0470181990/
https://www.amazon.com/Options-Strategic-Investment-Lawrence...
As others have said, the EconTalk podcast is excellent.