Economic /lit/erature

[Anonymous No.12970335]

¿What are some “must read” economic books/literature for those who want to acquire significant knowledge about theories that seem to apply in modern civilization? ¿Which ones for understanding the development of currents of though prevalent nowadays? Without having in account mathematics, let’s assume we all understand the requirements for understanding them

[Anonymous No.12970404]

Malthus, Pareto, Cournot, Neumann.. If you absolutely insist on politics, then Keynes who perfected the theory of political appeasment to reduce conflict.

Marx, Hayek, Smith etc are just various school of political economics - stooges who invented ton of popular rationalizations to placate on ideological basis, with very little grounding in reality.

[Anonymous No.12970405]

>>12970335
She is pretty hot but her expression makes me wonder if there is a female counterpart to the soiboi.

[Anonymous No.12970460]

>>12970404
Those would be the basics of marginalist theory, right ? Anything more current to complementate their statements and the development they suffered in time ? I’m struggling with the more recent part of economic literature
>>12970405
This is somehow a normal expression in ouvert girls, seen it before, I don’t talk to girls though I’m scared

[Anonymous No.12970490]

Not sure about a must-read, but I recently started one of those free online MIT courses on development economics, and it goes through the textbook called Poor Economics.

You can live without it, but it's good for a little background on how significant amounts of money are flowing either out of or into your country via aid.

[Anonymous No.12970509]

>>12970335
What the Hell?! Isn't that Filthy Frank's kitchen?!

[Anonymous No.12970523]

>>12970460
Try talking to girl online first, it's good practice.

[Anonymous No.12970542]

>>12970405
Anon. The soimouth is a submissive gesture -- it's completely normal for a female to do it.

[Anonymous No.12970551]

>>12970490
Sounds interesting, any other suggestions ? I’m actually just making a compilation and seek general recommendations, no need to be a PhD in the subject
>>12970523
O-ok..

[Anonymous No.12970563]

>>12970551
You can do it!

[Anonymous No.12970646]

>>12970551
Nope. In terms of the economic world, I'm a bit of a brainlet. If you're sort of into the idea of learning about development economics, but you're not ready to commit to a textbook, Dead Aid is a popular read. It highlights all of the biggest problem about African-based aid and what's wrong with it. It also proposes several solutions that are commonly talked about, both good and bad. Including microfinance and literally just letting China buy Africa.

[Anonymous No.12970670]

>>12970646
I just remembered I bookmarked this guy's big reading list with more development economic books in case you do discover an interest.

http://bactra.org/notebooks/development-econ.html
http://bactra.org/notebooks/globalization.html

The guy has a ton of notebooks of recommendations, and I'll let that speak for itself. I know he has a ton of other economics-based recommendations.

[Anonymous No.12970698]

>>12970523
There's no substitute for real-life interactions. If there was, then shut-ins who only communicate with online friends whom they've never met, and interact with them every day, would be social butterflies when they go out into that terribly bright Sun and see actual flesh-and-blood people.

I was cripplingly socially awkward but a couple years ago or so I decided to attempt fixing this. Step out of my comfort zone, seek out opportunities to interact with strangers, and just... see how it goes. Does it always go well? No, of course not, there's lots of different people out there and some are bloody unpleasant. Also, sometimes you just say the wrong thing at the wrong time due to sheer ignorance. Around 4-5 years ago I almost inadvertently started a fight at a pub. How? I was having a chat with an Irishman and called him British... and he's a proud fellow from the REPUBLIC of Ireland, not Northern Ireland that is still a part of the United Kingdom under Queen Elizabeth II. Thankfully I caught on that I was fucking up so sought to learn from him, and thankfully we had a pleasant conversation indeed. I can't recall shaking hands but I'm certain we did before parting ways. Good fellow, and he said I'd be useful for the IRA due to my extensive knowledge on firearms and reasonably decent experience given the fact I'm still just in my 20s and that I'm Canadian. Took it as a compliment.

Anyhow, escape your comfort zone. Stand up straight with your shoulders back and face the world forthrightly. Take on responsibility and bloody-well make something of yourself, bucko.

[Anonymous No.12970793]

As an economist, I'm not sure why people think it's the purpose of economics to give "knowledge about theories that seem to apply in modern civilization".
We're to pol sci/sociology what mathematics is to physics.

[Anonymous No.12970811]

>>12970460
Beyond Neo-classical in general? There are increasingly important, but complex, theories which deal with the non-idealized externalities (ie the things which tend to make market "irrational"). Eco-economics (earth-chan), Info-economics (value of data), Behavioral economics (psychology vs game theory - rent seeking, usury, speculation)...

A lot of time, those appear as papers for quant models, rather than some prose.

[Anonymous No.12970866]

>>12970811
Any compilation of those papers about behavioral economics ? Sounds really interesting. Thanks for the orientation too

[Anonymous No.12970893]

>>12970866
Just google around. Personally I know only a little bit about models of speculative bubbles as explained by behavioral econ.

A "primer" could be https://www.cesifo-group.de/DocDL/cesifo1_wp1194.pdf but in reality the models can't be generalized as neatly (it's very different to corner commodity, equity, cryptocurrency, housing zone...).

[Anonymous No.12971300]

>>12970335
god I wish that were me

[Anonymous No.12971612]

>>12970404
>promoting literal magicians over political economists
AND HERE WE SEE THE GREAT AND TERRIBLE, THE UNDEAD DRAGON OF ORTHODOXY, STINKING IN HER ROT

[Anonymous No.12971622]

>>12970542

[Anonymous No.12971703]

>>12971300
yeah, I wonder what will it feel like when I actually get a gf and someone will love me

[Anonymous No.12971729]

>>12970793
Agreed man, but usually only the mathematical kind is like that. A rather impartial look at the building blocks of mankind :3

[Anonymous No.12971858]

There's a handful of charts on the wiki, pic related. Personally I'm reading "Economics in one lesson" by Mr. Hazlitt at the moment. Good book if you're completely new to the subject.

[Anonymous No.12971889]

>>12970866
If you're interested in behavioral economics then check out Daniel Kahneman, Richard Thaler, Robert Shiller and Dan Ariely. Shiller is definitely my favorite out of those, and Ariely my least favorite. Thinking, fast and slow is probably the most well known book, with Nudge coming in second.

[Anonymous No.12971936]

>>12971703
Why don't you want to be the girl?

[Anonymous No.12971987]

>lit posts Oxford courses for pseud wankery

[Anonymous No.12972012]

>>12970335

Don't listen to these people.
There are no books on economics outside of graduate texts that even mention the mathematical failure at the heart of all economic theories: that of a consistent conservation law across all perspectives.

All math requires something to remain invariant to create the conservation laws that allow deduction and induction to occur.

Conservation laws of matter, energy, time, quantity, rate, acceleration, and constants across frames gives Physics its predictive power.

Economic conservation laws change and can be manipulated.
But most importantly, economic theories all ASSUME conservation laws because of cherry picked results.
Even the neo-classical Supply and Demand, Competition, and free market all Pretend there is a conservation of matter, but real economists freely admit that economics only behaves as if there is conservation in very narrow circumstances.
Heterodox economic theories are just starting to accept that the stance that economics "behaves as if" this S&D conservation exists is a lie purposely told to fool the naive.

So don't poison your mind with the bullshit.
If you want to see the ice starting to crack, look up Modern Monetary Theory. It is Bullshit, but at least it can entertain conclusions such as "printing money doesn't lead to inflation", and "when wage cheats the buyer's side of the equation, the market no longer functions" that classical theory cannot make work.

[Anonymous No.12972052]

>>12970335
Farjoun et al.'s Laws of Chaos

[Anonymous No.12972709]

>>12970698
good blogposting faggot

[Anonymous No.12974098]

>>12971936
Because he's not a discord tranny.

[Anonymous No.12975061]

>>12970335
She looks like basic bitch theater type, the type of rich girl that was an English major in college but ran the Theater club

[Anonymous No.12975305]

>>12970490
Link?

[Anonymous No.12975327]

>>12970335
Order Without Law by Ellickson

[Anonymous No.12975331]

>>12975061
That's a pretty specific set of characteristics, anon.

[Anonymous No.12975702]

>>12971858
what a dumb list

>>12970335
If you actually want to understand anything, you need to read something like Advanced Macroeconomics by romers. After that just read macro economics papers. They'll be hard at first, but you'll quickly get a hang of it if you arent a brainlet. In general, you want as much math as possible.

the book is posted is a decent introduction, but if you're comfortable with calculus you should read recursive macroeconomic theory.

Anyways, both the books i posted are fully avilable online. Reading books like wealth of nations is interesting, but it is not going ot give you any understanding of modern economics or economies what so ever, its purely historical.

[Anonymous No.12975714]

>>12975702
http://pages.stern.nyu.edu/~dbackus/Identification/LS%20RMT2ed%2004.pdf

https://knustesa.files.wordpress.com/2015/01/advanced-macroeconomics-by-david-romer.pdf

here are the books