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File: 1.03 MB, 2400x2994, Portrait_of_Milton_Friedman.jpg [View same] [iqdb] [saucenao] [google]

Anonymous Thu Jan 14 16:15:21 2021 No.17287034 [Reply] [Original]

Anyone have an economics chart?

>>	Anonymous Thu Jan 14 16:24:12 2021 No.17287121 >>17287034 >TAXISES!? >WHAT'S TAXISES PRECIOUS?!

>>	Anonymous Thu Jan 14 16:24:49 2021 No.17287126 >>17287121 bitch are you going to give me a chart or not?

>>	Anonymous Thu Jan 14 16:30:51 2021 No.17287175 >>17287034 stuff like friedman is pure ideology

>>	Anonymous Thu Jan 14 16:31:29 2021 No.17287185 >>17287175 I could have posted a photo of Marx instead idc nigga just give me a chart

>>	Anonymous Thu Jan 14 16:33:08 2021 No.17287199 >>17287126 what kind of chart lul

>>	Anonymous Thu Jan 14 16:34:26 2021 No.17287207 >>17287199 economic theory, I've seen a bynch of charts here on political theory but never on economic theory

>>	Anonymous Thu Jan 14 16:34:49 2021 No.17287213 File: 1.69 MB, 4112x2064, 3rd position economics.jpg [View same] [iqdb] [saucenao] [google] >>17287034

>>	Anonymous Thu Jan 14 16:38:21 2021 No.17287243 Get a textbook, OP.

>>	Anonymous Thu Jan 14 16:39:35 2021 No.17287250 >>17287213 danke

>>	Anonymous Thu Jan 14 16:57:13 2021 No.17287379 >>17287250 Don't read meme books until you grasp basics. Do what >>17287243 says.

>>	Anonymous Thu Jan 14 16:59:15 2021 No.17287392 WTF would you read economics? Fucking retard

>>	Anonymous Thu Jan 14 19:55:38 2021 No.17288678 >>17287175 >This is what marxists actually believe

>>	Anonymous Thu Jan 14 20:00:49 2021 No.17288720 >>17287175 This, they weren't even attempting to be scientific and were quite literal "influencers".

>>	Anonymous Thu Jan 14 20:01:31 2021 No.17288726 >>17288678 He is though. His books are meant to justify libertarian economics therefore they are ideologically motivated.

Anonymous Thu Jan 14 20:02:56 2021 No.17288737

>>17287213
There's a great book written by a finance insider called "Currency Wars." It's a very interesting intersection of macroeconomics and international relations. Not sure if it fits what the chart is going for but it should absolutely be a staple of this board

>>	Anonymous Thu Jan 14 20:12:16 2021 No.17288812 >>17288726 Holy brainlet, please don't reply to me ever again

>>	Anonymous Thu Jan 14 20:38:15 2021 No.17288966 >>17288812 economics is all just rationalization of domination and oppression.

>>	Anonymous Thu Jan 14 20:40:08 2021 No.17288980 >>17288966 Maybe in modern academia, but it's supposed to be the science of decision-making in an environment of limited resources

>>	Anonymous Thu Jan 14 20:41:29 2021 No.17288987 >>17288966 I don't if youre serious but that made laugh

>>	Anonymous Thu Jan 14 20:43:36 2021 No.17289004 Thomas Sowell - Basic Economics

>>	Anonymous Thu Jan 14 21:01:37 2021 No.17289129 File: 576 KB, 1728x1174, Economics.jpg [View same] [iqdb] [saucenao] [google] >>17287034 Heres a typical ancapish chart

>>	Anonymous Thu Jan 14 21:02:39 2021 No.17289135 File: 830 KB, 1732x1910, ANCAP Chart.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Thu Jan 14 21:04:02 2021 No.17289141 File: 41 KB, 426x500, 51J7bOjt5BL._SX424_BO1,204,203,200_.jpg [View same] [iqdb] [saucenao] [google] Like others said, read a textbook or take a class first.

Anonymous Thu Jan 14 21:09:46 2021 No.17289179

>>17289141
God even intro level macro is the biggest blackpill ever
>this is how you calculate GDP, real GDP, etc.
>I've been taking this class for 4 days and it already looks like it's just pumping your numbers to game the system and keep the carrot in front of the capitalist horse
>yeah pretty much

Anonymous Thu Jan 14 21:39:11 2021 No.17289394

>>17287175
You should separate Friedman the economist from Friedman the political advocate. As an economist he’s literally among the top 5-10 most influential in the history of his field, his work on monetary history and consumption analysis completely changed the game. As a political advocate he was obviously more of an ideologue, as we all are.

>>	Anonymous Thu Jan 14 21:43:22 2021 No.17289419 >>17287213 >>17289129 >>17289135 cringe

>>	Anonymous Fri Jan 15 00:30:16 2021 No.17290400 >>17289179 what about GDP calculation appears to you to be 'pumping numbers to game the system'

>>	Anonymous Fri Jan 15 00:58:26 2021 No.17290518 >>17289179 So you’re a freshman in college that thinks you’ve figured out the system cause you’re bored in your 101 class?

>>	Anonymous Fri Jan 15 02:59:12 2021 No.17291028 >>17287034 Based

Anonymous Fri Jan 15 03:07:57 2021 No.17291066
File: 18 KB, 306x400, the-goat.jpg [View same] [iqdb] [saucenao] [google]

posted this in the textbook thread. Really good reference textbook. It's pretty new so it covers virtually every topic from micro/macro to econometrics to game theory to even the new stuff like behavioral econ and MMT.

principles of econ by mankiw is the gold standard for introductory econ classes and the first book I had to buy as an undergrad. That's also a decent start but IMO much inferior to pic related.

haven't seen a single good recommendation in this thread otherwise including the charts posted which have been shit. Listen to the other anons who said pick up a textbook first and grasp the basics

>>	Anonymous Fri Jan 15 03:19:47 2021 No.17291124 >>17289419 dilate

>>	Anonymous Fri Jan 15 03:21:54 2021 No.17291135 >>17287213 Thanks, I'm saving this.

Anonymous Fri Jan 15 04:04:25 2021 No.17291304

>>17290400
not him, I'm the guy that asked about what books support the fed's policy decisions.

The definition of maximum sustainable growth is an arbitrary number around 3%. From here we play with liquidity to achieve employment of as many people as possible. The more I read about it and watch bloomberg, the more it seems like we're keeping the prices of basic goods low while people fed on those basic goods do ineffecient jobs. No individual position can be shown to be 100% ineffecient, but, say 50%. We're paying people to dig ditches.

Anonymous Fri Jan 15 04:14:31 2021 No.17291342

>>17291304
this guy here again, also, I'm getting my knowledge from the finance degree on my wall and the CFA L1&2 economics portion curriculum.

>>17291066
neat I'll check those out. DESU I'm studying econ again because I don't remember a lot of the nuance because I tuned out as soon as my prof seemed to imply that inflation creates demand which creates supply and the whole world goes around and if things hiccup the fed can inject liquidity and we'll all be okay. Money as an actual measure of labor or production? forget it.

btw I started that degree in 2010 and I just can't shake the idea that all the economics I was taught is propoganda-tier wishful thinking that piling on sovereign debt and increasing the money supply actually fixed the enormous fuckup of 2007/8.

I read the first half of the wealth of nations and everything is so clear and lucid and concrete. But it forces you to draw conclusions that we've been lying to ourselves for 20 years and we're slowly, subtly, and surely fucking things up- not actually making more real stuff than what we leveraged. Then you read modern economic explanations and nothing is concrete and there are phenomena with unquantifiable contradicting effects like liquidity prefence.

>>	Anonymous Fri Jan 15 04:15:09 2021 No.17291343 >>17287121 Fpbp

>>	Anonymous Fri Jan 15 04:59:30 2021 No.17291552 >>17291304 >>17291342 We get it you don't like Keynes. Why do you say the rate of maximum sustainable growth is arbitrary? It's determined by the rate of technological progress.

>>	Anonymous Fri Jan 15 05:03:16 2021 No.17291571 >>17287213 Nice thanks Here's a bit of an easier intro to start with third position econ, it's 4 articles https://counter-currents.com/tag/breaking-the-bondage-of-interest/

Anonymous Fri Jan 15 08:53:00 2021 No.17292721

>>17287175
Completely depending on what you read. His monetary work was revolutionary. His public stuff is libertarian and near pure ideology yes. Some of his econ work is also motivated by his libertarianism. It's still useful though because it encapsulates an idealtypical view of phenomena, i.e. his belief in perfect intertemporal substitution of consumption

>>	Anonymous Fri Jan 15 08:57:30 2021 No.17292750 File: 47 KB, 450x359, 5415165165.jpg [View same] [iqdb] [saucenao] [google] >>17287034 Ok, here is one.

Anonymous Fri Jan 15 09:00:01 2021 No.17292772

>>17287034
High School

Principles of Economics by Mankiw

Undergraduate

Microeconomics
Intermediate Microeconomics with Calculus: A Modern Approach by Varian
Microeconomic Analysis by Varian
Macroeconomics
Macroeconomics by Mankiw
Advanced Macroeconomics by Romer
International Economics
International Economics: Theory and Policy by Krugman, Obstfeld, and Melitz
Money, Banking, and Financial Markets
The Economics of Money, Banking and Financial Markets by Mishkin
Money, Banking and Financial Markets by Ball

Econometrics

Basic

Basic Econometrics by Gujarati
Introductory Econometrics: A Modern Approach by Wooldridge
Introductory Econometrics by Stock and Watson

Intermediate

Econometrics Analysis by Greene
A Course in Econometrics by Goldberger
Econometric Theory and Methods by Davidson and MacKinnon

Mathematical Finance

Options, Futures and Other Derivatives by Hull [Website and Errata]
Mathematics for Finance: An Introduction to Financial Engineering by Capinski and Zastawniak
Stochastic Calculus and Finance I: The Binomial Asset Pricing Model by Shreve
Stochastic Calculus Models for Finance II: Continuous Time Models by Shreve

Game Theory

Game Theory by Maschler, Solan, and Zamir
Graduate
Microeconomic Theory by Mas-Colell, Whinston, and Green
Recursive Macroeconomic Theory by Ljungqvist and Sargent
Econometrics by Hayashi
Estimation and Inference in Econometrics by Davidson and MacKinnon
Econometric Analysis of Cross Section and Panel Data by Wooldridge

>>	Anonymous Fri Jan 15 09:01:47 2021 No.17292785 >>17291342 > Money as an actual measure of labor or production? forget it. What is the quantity theory of money and real money balances?

>>	Anonymous Fri Jan 15 11:06:33 2021 No.17293530 >>17291552 >rate of technological progress how do you put an objective number on this?

>>	Anonymous Fri Jan 15 11:08:44 2021 No.17293545 >>17292785 Right, I'm saying that all the OMOps are messing that up

>>	Anonymous Fri Jan 15 11:30:18 2021 No.17293657 >>17293530 You make a model and define the residuals as technological progress kek

>>	Anonymous Fri Jan 15 11:54:46 2021 No.17293803 >>17293530 You compare TFP between nations

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