/biz/ - Business & Finance

[Anonymous No.53865073]

Post favorite economics books, I'm listening to
>Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics by Henry Hazlitt

[Anonymous No.53865203]

>>53865073
>/biz/
>knowing anything about ecoomnomics
You came to the wrong neighborhood, motherfucker.

[Anonymous No.53865270]

whats his name?

[Anonymous No.53865495]

>>53865270
Doesn't exist, entirely ai generated

[Anonymous No.53865536]

Source?

[Anonymous No.53865542]

>>53865495
This is why it's more important than ever to make it. In 30 years if you have millions you will get to have a robot AI Japanese catgirl gf, if you are poor you will live in the company owned Wagie Pod TM complete with 3 nutritious bug meals a day (payment for which is auto deducted from your paycheck).

[Anonymous No.53865550]

>>53865073
The international jew by Henry Ford

[Anonymous No.53865554]

>>53865536
I can try find the AI model for you if that's what you want

[Anonymous No.53865558]

>>53865073
why does she have FOUR EARS

[Anonymous No.53865579]

>>53865558
It's normal

[Anonymous No.53865704]

>>53865579
1 and 3 are good. 2 is acceptable. 4-6 are yikes.

[Anonymous No.53865758]

Start with smith. Read wealth of nations vol 1 and vol 2. Most people skip vol 2 for some reason.
Most of biz skews super austrian, probably part of the bitcoin ethos. But I think Austrians are outdated and Keynes was right about them a lot of the time. That doesn't mean austrians dont have meaningful impacts though.
Sowell gets his cock sucked way too much on this board/site. He's like a bottom tier Austrian
>austrian books actually worth reading:
>Human Action, Mises
>Road to Serfdom, Hayek
Keynes gets malligned by the left and right, and Keynes was correct way more than any other economist ever has been
>The General Theory of Employment, Interest and Money, Keynes
>A Tract on Monetary reform, Keynes
Marx is a waste of time just read Oeconomia
>Economics/Oeconomia, Aristotle
French post modernists engage with economics more interestingly than most people. Not very technical but worth reading imo.
>Consumer Society, Baudrillard
>Simulacra and Simulation, Baudrillard
Evolutionary economists are very interesting and might be right behind Keynes for most generally correct in my opinion
>Leisure class, Veblen
>Studies in the Structure of the American Economy, Wassily
>Unified Growth Theory, Oded

I think the internet culture war has really blurred economic schools of thought into a really unproductive leftvsright or capitalismvscommunism debate that's an enormous waste of time.

I think probably the best way to frame modern economics is the evolutionary view of Keynesian system degrading akin to how Keynes saw capitalism degrading. We have to look to what is coming; likely forms of MMT which are very bastardized versions of Keynes' models. This also give sus a way to frame crypto as a natural push and pull response, hyper fixated on decentralization and supply mechanics, compared to MMT fiscal policies of hyper centralization and loose supply mechanics.

[Anonymous No.53865772]

>>53865073
The Armchair Economist by Steven E. Landsburg

[Anonymous No.53865797]

>>53865073
based

read Mises and Hayek next

[Anonymous No.53865804]

>>53865797
and rothbard, and kinsella and hoppe and tom woods

[Anonymous No.53865808]

>>53865758
Thanks for taking the time anon, might look into each.
>I think Austrians are outdated and Keynes was righ
Can you elaborate more on this?

[Anonymous No.53865841]

>>53865808
>Can you elaborate more on this?
He's fucking retarded.
Keynesians just keep getting BTFO to the point they won't even debate austrians.

Read austrian criticism of keynes and redpill yourself.
Fuck central banking and fuck inflation.

[Anonymous No.53865865]

>>53865758
Keynes was wrong about the great depression.
Keynesians were wrong about post ww2 government spending.
Keynesians were wrong about the stagflation in the 1970s.
Keynesians were wrong NOW about inflation.

Keynes himself traveled to third world boys to have sex with them.

[Anonymous No.53865959]

>>53865808
In brief Keynes was very worried about the state of the free market following events such as the great depression and WW2, despite still being onboard with the values of the liberal/french/western world that had formed. In essence he thought he needed to stop capitalism from eating itself, and saw those events as
Austrians obviously hate any and all centralized systems, many of Keynes proposed models rely upon a central powers.
Austrians aren't wrong (in my opinion) about centralized systems having inherent problems, however at this point I would say Austrian (laissez faire, at least) economics had run their course, which Keynes was right about.
>>53865841
>>53865865
>sperging

[Anonymous No.53865965]

>>53865073
Economics is (((pseudoscience))).

[Anonymous No.53866547]

>>53865797
Okay I finished it, I found something very interesting, the part where he talks about saving being a benefit to the economy, that kind of blew my mind even through it's rather obvious now. I don't really like banks fucking with my money but I agree that for people that just keep their funds on a bank and never do anything useful with it then It makes sense.
But what about a post fiat world? If everyone had bitcoin and kept their savings in that and or gold. Banks couldn't lend funds because they would not have any. I know this is rather unrealistic but if banks lending = good then does bitcoin saving = bad?

[Anonymous No.53866632]

>>53865959
>Austrian (laissez faire, at least) economics had run their course
This isn't an argument. There have only been very brief periods of laissez faire economics in the USA, before the establishment of the federal reserve

[Anonymous No.53866993]

>>53865704
4 is the only acceptable one.

[Anonymous No.53867044]

>>53866547
Read Human Action. It's freely available at Mises.org. People meme that it's difficult to read, but it's really not and Mises is a great writer. Some paragraphs will make your brain explode with insight.

Also, make sure to read his paper "Economic Calculation in the Socialist Commonwealth" particularly the one with the postscript by Salerno.

[Anonymous No.53867054]

read mises, just skip the bullshit

[Anonymous No.53867061]

>>53867044
https://www.youtube.com/playlist?list=PLGkfe7O_rT_k0Ow8ODf1aZil_bDNSsxty

https://www.youtube.com/watch?v=iYq4n2dIz7M

[Anonymous No.53867063]

>>53866632
This. Real capitalism hasn't been tried.

[Anonymous No.53868145]

>>53866547
>the part where he talks about saving being a benefit to the economy, that kind of blew my mind even through it's rather obvious now.
This.
It's incredible how people don't realize this basic fact. You need to save before you can consume and no government intervention can change this fact.
Savings comes before production which comes before consumption.

>>53867054
>>53867044
I am loving how austrian /biz/ is now.
I'm very happy to see this.

[Anonymous No.53868155]

>>53867063
It was tried and it worked extremely well.

[Anonymous No.53869014]

>>53868155
And that's why they suppressed it very quickly, sadly. All we have now is anything but real capitalism, nothing is really free anymore.

[Anonymous No.53869048]

>>53869014
True.
Reminder that the "gilded age" was extremely good actually.

https://en.wikipedia.org/wiki/Gilded_Age
>The rapid expansion of industrialization led to real wage growth of 60% between 1860 and 1890, and spread across the ever-increasing labor force. The average annual wage per industrial worker (including men, women, and children) rose from $380 in 1880, to $564 in 1890, a gain of 48%.[1]

Americans literally had the highest wages on earth. That's why millions of immigrants came here AS wages rose.
Also there was no inflation, there was deflation. Prices came down as living standards rose decade after decade.

[Anonymous No.53869520]

>>53869014
>>53869048
And yet it was a period of protectionism, they literally called it the american system. Not to mention the best economy the usa ever gad was post war (and post new deal)

[Anonymous No.53869606]

>>53869520
>And yet it was a period of protectionism
America thrived in spite of the damage protectionism caused. Without protectionism, America would be even more successful.
Free trade is good, countries that embrace free trade end up with high levels of economic growth.
>Not to mention the best economy the usa ever gad was post war (and post new deal)
Okay brainwashed leftist.
The new deal is what made the great depression last so long, we only got out of the depression after ww2 when we massively cut spending, taxes and new deal policies leading to the post war boom

>dude paying farmers to burn crops is a good thing!

Besides all that, we had HIGHER GROWTH RATES during the free market gilded age than the post war era. So you're still wrong that way.

[Anonymous No.53869626]

>>53869606
>it was good in spite of protectionism
Now youre just making shit up. Have a nice day

[Anonymous No.53871279]

>>53865536
https://www.youtube.com/@Kanyon_industries/videos

[Anonymous No.53871616]

>>53869626
>correlation equal causation
Where is your evidence that protectionism directly caused the economic growth?

[Anonymous No.53872479]

https://udlbook.github.io/udlbook/
Deep Learning book just dropped

[Anonymous No.53872617]

>>53871616
im not saying it did, im saying it happened and the idea of a free market is bullshit

[Anonymous No.53872678]

>>53872617
Meh, protectionism isn't that destructive of free market conceptual purity, particularly for a country as big as the US. It's one of the weakest arguments you could make imo.

[Anonymous No.53872710]

>>53872678
fuckin lel

[Anonymous No.53872753]

https://en.wikipedia.org/wiki/The_Anti-Capitalistic_Mentality

[Anonymous No.53872782]

>>53865073
That's easily 10/10 if she(he) existed.

[Anonymous No.53872813]

>>53871279
Tubal-cain

[Anonymous No.53875184]

>>53872782
yea never mind the triangular jaw

[Anonymous No.53876098]

>>53872710
>Massive country is relatively free-market with an isolationist population
>is protectionist
>this is considered a massive blow against their free market credentials by grasping morons.

[Anonymous No.53876162]

Not really books but on YouTube you can watch Finance lectures

https://www.youtube.com/playlist?list=PLUl4u3cNGP63B2lDhyKOsImI7FjCf6eDW

https://www.youtube.com/playlist?list=PLJZlW3ik4xixAhVnY0aaTrz72XCZsygEA

https://www.youtube.com/playlist?list=PLEDC55106E0BA18FC

these should give you a decent overview.

[Anonymous No.53876214]

Man,Economy and State with Power and Markets by Murray Rothbard

[Anonymous No.53876225]

>>53876098
>be an agrarian country, not even a major world power
>protect domestic industry against global competition so you can turn your vast farmer collective into the worlds leading industrial power

[Anonymous No.53876258]

>>53865579
4 is the only one that actually works. 3 is more aesthetically pleasing. The rest are garbage.

[Anonymous No.53876272]

>>53875184
It's called v-line chin bro. Every asian whore pays money for that

[Anonymous No.53876298]

>>53871279
>6 fingers on left hand
>weird knee
>possible dick?
>one big front tooth
>>53865073
>4 fingers on left hand, 6 on right
>monster thumbs
>guy on right has broken ankle
>nonsense signs

[Anonymous No.53876311]

Battelle, Accursed Share

[Anonymous No.53876326]

>>53865073
debt the first 5000 years and bullshit jobs by david graeber
small is beautiful by ef schumacher
globalization and its discontents by joseph stiglitz
confessions of an economic hitman by john perkins

[Anonymous No.53876332]

>>53865073

[Anonymous No.53876342]

>>53872479
wait did claire grimes boucher really got ha titty out, nipple on full protrude, in her senior picture?

damn, she in ha mood
damn, she in ha mood
she bad, and get money too
ice spice for president 2028
you know in your heart it's right

[Anonymous No.53876363]

>>53876332
lol the AI that rendered that picture decided to turn fabric texture setting up to 1200%

[Anonymous No.53876388]

>>53865073
>4 ears

[Anonymous No.53876395]

>>53876388
see >>53865579

[Anonymous No.53876464]

>>53876225
And that's a good thing. When a country is already largely self-sufficient (or has the resource potential to be), then protectionism is not a massive infringement of the free market, compared to something like price controls for domestic goods or state monopolies. My point is that protectionism is the least important factor for early America being imperfectly free market.

Imagine if Earth was dominated by a minarchist, free-market regime. Then we discover aliens and decide to enact protectionist polices against the aliens. Is the Earth now significantly anti-free market? No, that's fucking silly. Hope you are intelligent enough to catch the drift because I am not explaining this further.

[Anonymous No.53876505]

>>53865758
Keynes was wrong about consumption driving production and that error alone has caused so much harm that he deserves to be vilified.

[Anonymous No.53876632]

>>53865073

Central Banking and the Enslavement of Mankind
Dying of Money - Lessons of the German and American inflations (literally has helped inform me to the point of financial gain and minimizing loss)
The Collapse of Complex Societies (surprisingly, an economics book, very good read)