/biz/ - Business & Finance

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>>16818792
Honestly, start with Mankiw's textbook.

>>16819102
How come?

>>16818792
Yes, but just skip Keynes and read Hayek

>>16819106
If you're a beginner, I assume you know nothing about economics. Economics has changed a lot since Hayek and Keynes. Read a textbook, and once you understand the basics you can move on to the stuff that has historical significance.

>>16819273
>Economics has changed a lot since Hayek and Keynes

>>16818792
smith ricardo and marx faget

>>16819278
>Game theory
>Market design
>Matching theory
>Prospect theory
All of which were mostly developed after Keynes and Hayek.

Economics has gotten way better at inferring causation from statistical data. The methods are better and you can't take statistical analyses done by classical economists seriously. Read contemporary stuff, then go back to the classics.

>>16819342
>statistical data
fuck off keynes fag

>>16819342
share your thoughts on ground rent anon

what is it and from where doth it arise

>>16819365
Not sure what your point is.

>>16819388
economics basing its theories or assumptions of statistical data is shit

>>16819269
>Hayek
Hayek is pure delusion, market is made of people, people needs cannot be explained as "let the market decide"
if market decide, people die on the street
Keynes at least got a very valid point when he says that government should step in and help creating jobs for all the unemployed
btw their theory are both useless with the current monetary system, central banks decide for everyone

>>16819426
very well put together responce anon, I can tell your a true scholar and have a well informed opinion on the matter

>>16819398
>economics basing its theories or assumptions of statistical data is shit
That's the same as saying all scientific publications and the entire body of contemporary economics journals are shit... lmao, good luck with your life.

>>16819374
Sorry anon, those questions aren't interesting to me, but good luck googling the answer.

>>16819498
economics is not and will never be a science, have fun with your circle jerk buddies confirming your biases with your little models

learn science or engineering.
do quantitative economics questions.

treat the qualitative economics as the unscientific circle jerking it is

>>16819560
why are you phone posting? the absolute state. If economics is an emperical science can you please explain why you and your egghead buddies have never predicted any economic event of significance?

>>16819498
i have my own thoughts and it and the questions consume me

much more relevant than your faggy autistic focus on econometrics

>>16819273
What textbooks would you recommend?
>>16819300
Thanks. I tried reading the Communist Manifesto and got ten percent of it, but I was clueless on the rest. I walked away thinking that the Bourgiouse were a necessary force for change.
>>16819560
I''m not really good at those.

>>16819584
>emperical science

>>16819102
>>16818792
>imagine still thinking any economist have actually any idea of what they are doing
economics has been trial and error since the beginning and the process is not finished yet, nobody has actually any idea how shit works, the guys at Renaissance Technologies might be the only ones that could have a clue, and again they are just reacting to how the system works, they have no idea how to design one that could be optimal, most likely

>>16819584
can you even read?

>>16819881
that's because they have some value

>>16818792
Hayek - Road To Serfdom is a good introduction for beginners, but you should only read it if you are okay being an outcast in this fake and gay, centrally planned Jewish system. Then again, you're on here.

>>16820157
I mean, yeah. Not to get too much into the political side of things but Marx does credit them for being instrumental in doing away with feudalism.

>>16820199
I was talking about the quantitative economics questions

>>16820199
Marx has been proven wrong, so I wouldn't hold much stock in his works

>>16820249
Oh.
>>16820168
I'll read it.

>>16820290
Really? I was told that a lot of his ideas (like machines replacing humans) are still valid.

Monopoly strategy guides

>>16818792
Start here: Principles of Economics - Carl Menger

Keynes is a failed statistics expert who everyone clings to ideas for because it's convenient for the fed to have an excuse to spend large amounts of money.

>>16821173
I mean, wasn't his theory proven right during the 2008 crisis?
>>16820940
thanks

>>16818792
start with this for a quick rundown on the gestalt of capitalism: https://en.wikipedia.org/wiki/The_Wealth_of_Nations

and then this for an actually readable QRD on keynes:
https://en.wikipedia.org/wiki/Keynes:_The_Return_of_the_Master

>>16818792
Nikola Tesla

>>16821237
*By this I mean actually buy the books and read them, not the wikipedia pages. Also pic related is an abridged hardback version of TWoN that cuts the unnecessary parts whilst staying true to the original version.

>>16821237
>>16821275
Thanks.
>>16821266
I can't tell if you're being serious or not.

>>16818792
Keynes is on record as a pedo. You don't want to associate with kiddyfiddling, do you?

>>16819498

Yes, same as the whole body on astrology and alchemy and especially of fucking theology.

Those journals are full of bullshit. Statistics is never explanatory by definition, especially non-reproducible shit.

>>16819523

my niggah