econ/finance

[Anonymous No.14932595]

What do I read to understand financial markets? I don't really want to trade, but I'd like to be able to at least interpret financial news. Do I need to start with macro textbooks?

[Anonymous No.14932600]

>>14932595
read hayek

[Anonymous No.14932621]

If you want the basics, pic related does an ok enough job. Or just enter some university website and get their econ 101 sylabus and bibliography

[Anonymous No.14932672]

>>14932600
>hayek
I don't want to get memed by his ideology when I don't understand basic macro. Can you dumb it down a shade?
>>14932621
Is this my best bet? It's where I'm leaning (copying a syllabus that is)

[Anonymous No.14932717]

>>14932672
Depends on how much time and motivation you have.

[Anonymous No.14932736]

>>14932717
I could put in an hour a day, more on the weekends, indefinitely

[Anonymous No.14932817]

>>14932672
to really boil down hayek and the austrian school to one idea; economic analysis should be based on the actions and motivations of individuals rather than the economy as a whole which is distinctive from its parts. therefore economics and its application should be a study of human action and the purposes behind it.

[Anonymous No.14932843]

>>14932595
if you want to learn finance, there's a very good introductory textbook by John Hull. the financial markets are a very broad topic.

[Anonymous No.14932859]

>>14932843
which one?

[Anonymous No.14932889]

>>14932595
Start with the Greeks.

[Anonymous No.14932893]

>>14932595
"Macroeconomics" by Bill Mitchell, L. Randall Wray, and Martin Watts.

[Anonymous No.14932896]

>>14932817
Individual human actions are completely unpredictable, so the whole thing is a scam.

[Anonymous No.14932948]

>>14932893
looks good anon. I might drop $60 on this (cannot read on computers)

[Anonymous No.14932962]

>>14932948
It's by far the best econ textbook on the market. Well-written too.

[Anonymous No.14932967]

>>14932672
Micro is the only part that has any empirical validity. Most macro is hardly more than wishful thinking, its predictive ability is worse than psychology's.

Economics should be understood primarily as a system of individual behaviour from which arises phenomena like interest rates and unemployment. >>14932621 does a solid job of emphasising that without getting too deep into ideologies.

[Anonymous No.14933004]

>>14932967
>[Sowell] does a solid job of emphasising that without getting too deep into ideologies.
Oh for fuck's sake, anon.

[Anonymous No.14933026]

>>14932896
that premise is pants-on-head retarded. what gives you such an impression?

[Anonymous No.14933037]

>>14933026
What premise?

[Anonymous No.14933092]

>>14933004
Basic Economics is pretty restrained as Sowell goes, but yeah, that was probably pushing it. Still I think the view he emphasises, that economics is the distribution of resources, is the right way to approach the subject. It dispels a lot of misconceptions that plague public discourse. You can certainly read all Sowell's odes to free market and still believe that intervention isn't unwarranted in all cases.

The problem is that it's very hard to get away from ideology in economics; the entire field is interpretation of data with real-world implications. There's not really an objective footing to fall back on so any coherent book will be advocating a particular model, even if it's implicit. Like anything, read alternative viewpoints.

[Anonymous No.14934400]

'sowell is crap

read The ascent of money. There is a tv documentary too, but it doesnt go that much into the theory as the book does.

you will see people online reccomend the intelligent investor. But it is pretty boring and not that relevant in 2020.

Corporate finance text books are a good way to understand the financing of firms and option pricing and so on.

[Anonymous No.14934401]

>>14932595
Read this blog:
http://www.bayesianinvestor.com/blog/

[Anonymous No.14934402]

a book? seriously? just lurk zerohedge for a year, try your best to read the articles, interpet boomer comments after