/lit/ - Literature

>>14558789
Maybe /biz/ can help you if not check warosu(the archive of biz). I plan to learn this too. Keep in mind /biz/ is slow. Why do you want to learn?

>>14558789
you must be 18+ to post here

>>14558820
You posted this on /biz/

Economics undergrad/grad here. Macroeconomics is the study of large-scale economics at a national or global level. So, you might look at entire national economies or industries. Microeconomics is the study of smaller-scale economics at a market level. So, you might look at individual consumers or firms within a specific market. I haven’t read it, but Basic Economics by Thomas Sowell is popular and seems to be less of a meme than Freakonomics by Dubner and Levitt which is more of a meme. That said, I kind of think Economics isn’t worth self-studying at all. The empirical aspect of Economics is exactly the same as any other social science. It’s basically just collecting data and using statistical methods to predict things. Otherwise, economic theory diverges into many schools of thought which are almost entirely speculative. In the anglophone world, it’s mostly so-called Classical Economics (Friedman) or Keynesian (Keynes) and so those two will dominate the literature. Many people think Economics = Wall Street Warren Buffett stuff. That’s not true, but if that’s your aim, I suppose you’d be better off reading a lot of Warren Buffett and watching CNBC. I personally find Marx and Pareto, neither of whom are really discussed in the Academy or literature at all, to offer the most interesting Economic insights.

Simply watch Frasier

>>14558789
Go buy a used college textbook. Old enough to be super cheap, but new enough not to be out of date.

>>14559365
Agreed with this until anon mentions watching CNBC. NEVER watch CNBC if your goal is to learn something about markets or economics.

Nassim Taleb's Incerto is necessary reading for anyone who wants to learn about markets. It teaches to spot the bullshit that the financial media and many finance/econ professionals are full of.

If you want to learn about basic economics they teach in schools, Khan Academy's videos are good starting point. But this won't help you to argue with /pol/fags.

>>14558789
>don't worry, anon, I got everything you need to start

>>14558789
If you just want to not be an idiot on the subject, I'd recommend The Undercover Economist series by Tim Hartford (the first covers micro and the second covers macro, you can read in either order). It's a solid pop econ book that doesn't say much that is wrong, just a bit oversimplified sometimes (unlike some of the meme books shilled on this board). If you want to do more serious study I'd recommend picking up any first-year undergrad textbook, Mankiw is fine starting from no knowledge, but I'd recommend Jones for macro and Perloff for micro if you have some background in calculus and stats.

>>14559454
I'd second this guy's suggestion of Khan Academy and also add Marginal Revolution University as a good resource. Taleb is kinda a hack though, he had one good idea and thinks it applies to everything.

>>14559365
The "school" thing is overblown in popular media. It's interesting stuff in history of economics but people working in economics in the past 40 years don't really care about this stuff (just look at any top 5 journal like JEL, it hardly gets mentioned at all). Modern "schools" are mostly people arguing over inconsequential details/assumptions/approaches in models that people outside economics shouldn't really care about.

t. econ grad student

>>14558789
University economics by armen alchian or economic way of thinking by Paul heyne. The rest of macroeconomics is faddish....right now MMT is popular so get books by Randall Wray and Warren mosler.

>>14559393
Did you cum on the Frasier set you bought?

>>14558789
Read Taleb.
>>14559454
Based.

>>14558789
>btw don't know the difference. I guess one is about private goods and one is about public goods or something

Never gonna make it

>>14558789
Get Greg Mankiw's introduction to economics textbook. It covers micro and macro.
There is Blanchard's textbook too, but get the one for undergrads. He has another one for graduate students and you won't understand shit.

>>14559365
Are you really an economics undergrad? Some of the things you are saying are odd.

>>14559615
By Jones you mean the Economic Growth book?

>>14559454
>>14560115
>Taleb
yikes, read Theil

Just read Mankiw.

The only worthwhile modern econ book is Thomas piketty's Capital. And he arrives to the same conclusions any wage slave will tell you: concentrating wealth bad, redistributing wealth good.

>>14560222
Stop reading pop books, Capital is barely an econ book, read a textbook.

>>14560222
Piketty is a hack, even if I mostly agree with him. No sense in getting a door stopper for self-evident claims

I finished a Masters in Economics and abandoned the field. There is nothing to learn there except how to do statistical analysis. Discussing with /pol/ is more about discussing morality than anything else.

>>14560278
That's weird because the entire field of economics exists solely to deny those self evident truths

>>14558789
Try the Holy Bible, mouthbreather

>>14560390
>give to the emperor, what the emperor's is (pay taxes)
>it is clearly and strictly forbidden to ask for interest payments (no interest percentages)
>what you do the poorest, you do unto Jesus (benevolent welfare society)
yeah, that has nothing to do with current global affairs

>>14560189
This or Case Fair Oster

>>14560153
I already have a bachelor’s and am in grad school. What did I say that’s odd? I did my best to give a summary in the simplest terms possible.

>>14560310
I did pretty much the exact same thing and tried to state as much here
>>14559365

>>14559615
> the school thing is overblown...people working in economics don’t really care about this stuff

Well, yeah I agree, but the point that I was trying to make is nobody cares about it because all of the study occurs within the context of a specific school already so obviously there’s no debate over it. All of the arguments you mention happen over models which already contain built in assumptions derived from one or two specific schools of thought and those assumptions generally aren’t challenged.

youre on pol not biz

>>14558789
>? I'm literally clueless when it comes to economics a
Start with micro
Marco economics is unintuitive and largely bullshit number-fudging

>>14560667
any quick youtube vids on micro to give the basic gestalt on the subject?

>>14560189

>>14558789
Adam Smith - The Wealth of Nations.

>>14560749
>basic gestalt on the subject
Every agent tries to maximize benefit and minimize cost.
Benefit is usually composed of goods, services and leissure time, or profit.
Resources are limited, needs are infinite.
The value of a good related to the rest of goods is revealed through empirically observed preferences of consumers. Psychological theories on value are disregarded.
Value of goods experience decreasing marginal returns: the third apple is less valued than the second, which is less valued than the first.
There are positive and negative externalities during the whole market process, which indirectly impact the wellbeing of people not involved.
There are different types of goods, but the most common ones follow the law of supply and demand: scarcity for a good implies higher prices and viceversa.

>>14559365

Is there anything on Gutenberg that I can find that you recommend? I already have An Inguiry into the Nature and Causes of the Wealth of Nations(Adam Smith, M. Garnier), On The Principles of Political Economy, and Taxation(David Ricardo), A Contribution to the Critique of Political Economy(Karl Marx), Principles of Political Economy(John Stuart Mill), An Essay on the Principle of Population(T.R. Malthus, although I'm not sure of this one if it relates to economy or not). I was thinking of trying to get a book on microeconomics after reading some of Andrej Sapkowski's Witcher book since he studied Economics and Business and I thought that microeconomics would help me make better choices when I buy stuff or when I get a job. Then I saw somebody made a thread about the book, Basics of Economics, and he was saying "how will Marx ever recover." Basics of Economics is expensive after checking it out on Barnes and Noble.

>>14561377
If you've read Smith and Malthus you may want to read Henry George

>>14559615
Ango-American economics is 100% autistic wankery. Avoid.

>>14561377

Also, I haven't actually started reading any of these e-books I downloaded as I am currently reading genre fiction, just finished some Death Note books, currently reading Blood of Elves in the Witcher saga, and the only nonfiction book I am reading is Nine Lives: Making the Impossible Possible which I bought mostly because Harry Wu has a section in the book, his the guy who wrote Laogai: The Chinese Gulag.

Also another thing, in Blood of Elves, it is mentioned that the antagonistic Nilfgaardian Empires has "manufactories" and their goods which are cheaply produced are entering the markets of the Northern realms which has started some kind of trade war between the kingdoms up there. It was said that the Nilfgaardian Empire was slowly conquering the Northern realms using economics as well as inciting oppressed peoples(Elves, Dwarves, Halflings and Gnomes) into stirring a guerilla campaign in the Northern Realms. I think I've read in some of the Witcher fansites that the Nilfgaardian Empire has slave labor which might be used to manufacture their goods for cheap. It's kind of similar to how Communist China also uses the prisoners in their Laogai prison camps to help manufacture goods for cheap that they sell to the West and the rest of the world.

>>14561417

All right, I'll try and see about reading Smith's ":An Inguiry into the Nature and Causes of the Wealth of Nations" and Malthus' "An Essay on the Principle of Population."

And check out LearnOutLoud's Wealth Wisdom podcast: https://www.learnoutloud.com/Podcast-Directory/Business/Investing-and-Finance/Wealth-Wisdom-Podcast/22606

https://www.learnoutloud.com/podcaststream/listen.php?url=http://feeds.feedburner.com/WealthWisdom&all=1&title=22606

If you have Stitcher or use Itunes, you can listen to these episodes which are just excerpts from books about wealth and wisdom.

>>14560166
Taleb and Thiel are both great.

"How the World Works" by Paul Cockshott.

>>14561471

Oh, there is also the Freakonomics podcast in addition to their books. I've read some passages from one of their books and they also had a movie or program/documentary of their Freakonomics book.

http://freakonomics.com/archive/

>>14559365
Thanks bro