/biz/ - Business & Finance

Hey /biz/ I've decided to teach myself basic economics. What Books or other reading material would you suggest?

>>158382
>You think the 20 people in the world with some rare-ass disease are creating enough demand for a $50,000 medicine? Nahm8
We are talking about generic, non-patented, medicine. Don't move the goalposts

>and not subsidized. Owned. Monopolies with morals (lol) who work for the good of society are the best way to set low prices.
Monopolies remove incentive for efficiency and quality. This is inherent without competition, and no amount of foresight can be put into a legally binding document (regulation) to eliminate the problem of scarcity. The law can always be updated again and again, but it has to compete with the only seemingly infinite resource known, human creativity. Letting creativity compete for demand instead of imagining ways around laws to supply a demand would create an optimally efficient system.

>Look at friendly societies in Australia
I had to look them up as I've never even heard of them, but they look very nice and I wish there were more of them. From what I've gathered, they seem to be completely on a voluntary basis and without government coercion. The lodges in the US used to do this very same thing for healthcare. A whole group would pay for a doctor/s that treated the club and families. People were getting medical help for dirt cheap (relative to today) with this collective bargaining until the AMA was created and effectively lobbied the government for protectionism (regulation, licenses, etc), effectively taking over the industry and causing prices to skyrocket.