/lit/ - Literature

[Anonymous No.14769084]

How is this book if I want to understand economics? Also how important is economics for voting? Should I not vote unless I have a solid grasp.

[Anonymous No.14769089]

>>14769084
People vote without having a solid grasp of the language, you're fine

[Anonymous No.14769095]

>>14769089
Well then.

[Anonymous No.14769098]

for my part I refuse to recognise economics as real

[Anonymous No.14769103]

>>14769084
Economist, by their own admission, cannot make accurate prediction for more than a few years ahead.
In reality, they can't even do that.

Since every political choice has consequences long past that point, there is no expertise for which to wait.

It might help to learn some principals; like free trade is profitable in the long term but devastating in the short, and inequality is not, in itself, evidence of oppression.

[Anonymous No.14769105]

>>14769084
No matter how much research you do on the candidates to pick the right one, there will always be some moron who is lead by the nose by the MSM who will cancel out your vote.

[Anonymous No.14769111]

>>14769084
The book is a good introduction to classical economics but is kind of outdated. It's a good place to start but you'll wind up having to unlearn most of what you learn from it.

[Anonymous No.14769128]

>>14769084
>How is this book if I want to understand economics?
It'll make you believe markets work. Hazlitt is what's called an "Austrian", the key theory here is what's called Say's law. It'll try to trick you into believing this.

https://en.wikipedia.org/wiki/Say%27s_law

>Also how important is economics for voting?
Voting is a collective action, the sort of microeconomics you're getting at is constrained by personal budget constraints. An economy isn't really like a household at all so when you vote the constraints are totally different and you don't need to think the same.

>Should I not vote unless I have a solid grasp.
If you have a "solid grasp" you may suffer from what is known as "trained incapacity". The more "ignorant" you are the more original your insights might be.

[Anonymous No.14769148]

>>14769111
Why?

[Anonymous No.14769301]

>>14769128
>If you have a "solid grasp" you may suffer from what is known as "trained incapacity". The more "ignorant" you are the more original your insights might be.

I always thought the notion of an “informed voter” was quite funny. You hear this in regard to Economics in particular in America. The idea is generally something like you’re not an informed voter until you’ve been educated in and accepted the dogma of classical economics, for example. It’s obvious that this then is codified language for “indoctrinated into the system”.

[Anonymous No.14769620]

Don't read anything my marxists or austrians.

[Anonymous No.14769641]

>>14769084
I would recommend a text book instead of an individuals treatise on economics. Plenty of cheap text book on amazon.
And as for understanding economics for voting, it doesnt matter. Economist, people who spend their lives studying economics, cant figure it out. Any grassroots voter who thinks they understand how to fix a nations economics and policies is a fool who doesnt understand how little they know.

[« Ƹ̵̡Ӝ̵̨̄Ʒ » !!oI3er5KKetj No.14769760]

[Anonymous No.14769938]

>>14769084
I gave it to my leftist friend to read. The madman actually did it and got better