/lit/ - Literature

[Anonymous No.19397724]

Books on Economics?
I want to understand both political economy, money, and the stock market.
Meme books welcome.

[Anonymous No.19397730]

>>19397724
Modern Principles of Economics by Tyler Cowen, Alex Tabarrok

[Anonymous No.19397733]

Thomas Picketty’s Capital in the 21st century is wildly considered a great overview of economics. If you want to read the classics go for the usual Smith, Ricardo and Marx

[Anonymous No.19397740]

>>19397733
*widely

[Anonymous No.19397743]

Capital volume 1, 2, and 3. Don't bother with anything else, because it's not critical, and therefore does not understand what lies beneath the surface. I am completely unironically serious.

[Anonymous No.19397757]

> The General Theory of Employment, Interest and Money.
Short and sweet.

[Anonymous No.19397788]

>>19397724
>Students should front the costs of their own education
>Why are the Chinese surpassing us in technological developments? It makes no sense.

[Anonymous No.19397794]

>>19397724

Economics for Business, john sloman. Was my primary textbook for my econ portion of my MBA.

[Anonymous No.19397799]

>>19397733

Marx and Engels were retards who thought centrally planned economies were a good idea.

[Anonymous No.19397801]

>>19397788
>>Why are the Chinese surpassing us in technological developments?
Except they aren't. USA is still the world's biggest innovator and leading patent and license exporter.

[Anonymous No.19397815]

>>19397799
t. definitely has read Marx and Engels before

[Anonymous No.19397829]

>>19397815

Are you claiming Marx DIDNT support a command economy? Seriously?

You can't have a post industrial revolution communist state without central planning, unless every village plans to build its own cars and appliances.

[Anonymous No.19397838]

>>19397799
there's no such thing as a "decentralized" economy, just private and public ownership of production. Private production is centrally organized within itself. Amazon has a power structure that takes orders from a central unit. It doesn't matter that they exchange with external companies in their business, if they had control of their own entire extraction/production/distribution chain, they would still function. The only difference is that because Amazon is private, their obligation is to benefit their shareholders, whereas a publicly economy's obligation is to benefit the public. It's really not that hard to understand if you're not huffing cold war propaganda.

[Anonymous No.19397840]

>>19397829
He was talking about a post-scarcity communist state where an economy would not exist to begin with.

[Anonymous No.19397841]

>>19397788
1. They aren't.
2. Reminder that when boomers were kids pretty much everyone fronted the costs of their education and there was no debt crisis—that is, until government subsidies allowed universities to get away with inflating their tuition past actual market prices (this despite their not having to pay taxes most of the time), university staff ballooning as they added more unnecessary administrators, and the ridiculous shit they wouldn't have able to justify some years ago like waterslides and pools and shit.
Yup, but tell me more why education should be subsidized despite the fact that doing that would clearly be regressive.

[Anonymous No.19397844]

>>19397829
>Are you claiming Marx DIDNT support a command economy?
NTA, but... yes.

[Anonymous No.19397847]

>>19397841
>until government subsidies allowed universities to get away with inflating their tuition past actual market prices
Unsubsidised universities have inflated their their tuition as well. Explain that.

[Anonymous No.19397853]

>>19397838

>whereas a publicly economy's obligation is to benefit the public

and it always fails, and there is usually no peaceful method to remove or replace the incompetent morons that are tanking your economy.

A good example is the 84/85 soviet grain shortage that lead to two years of breadlines

[Anonymous No.19397856]

>>19397847

>Unsubsidised universities have inflated their their tuition as well. Explain that

government backed student loans

[Anonymous No.19397859]

>>19397844

So Marx supported a free economy wirhout government intervention? What's next, he wasn't a communist?

[Anonymous No.19397861]

>>19397853
>and it always fails
so does privately owned production, like for example right at this very second there is a lot of poverty and economic hardship in America, things are getting more expensive with inflation and wages aren't rising to match it, which results in people suffering a lot. There's also lots of economic crashes and depressions when production is privately owned, like for example in 2008.

[Anonymous No.19397863]

>>19397838
> Companies are le centrally planned!
Why does every commie pseud think this is a good argument? It's like they haven't even bothered skimming the Wikipedia page on price signals, lmao.

[Anonymous No.19397864]

>>19397840

>He was talking about a post-scarcity communist state where an economy would not exist to begin with

So the end of innovation?

[Anonymous No.19397868]

>>19397863
its not that hard to have floating prices with publicly owned production. All you have to do is have data on the amount of products being bought in the economy, and adjust the prices with it in the central planning unit. Which is what privately owned companies do in their central planning unit too.

[Anonymous No.19397871]

>>19397863

Companies have competition and poorly managed companies whither and die, replaced by better ones, which is why nobody in this thread owns a Nokia phone.

Governments don't have competition so when corruption, greed and incompetence are governing your economy there is no hygienic process to remove those destroying it.

[Anonymous No.19397878]

>>19397868

What if your competitors can make a better product for half tge cost? What happens to your business and the market price?

[Anonymous No.19397880]

>>19397861

Name the last American to starve to death

[Anonymous No.19397884]

>>19397724
Capitalism, Socialism and Democracy- Joseph Schumpeter

[Anonymous No.19397886]

>>19397868
Okay, you got the demand function of price down, now what other valuable information does price tell us about a good/service? Come on! You got this anon!

[Anonymous No.19397887]

>>19397861

>like for example in 2008.

subprime mortgages were a government initiative.

[Anonymous No.19397898]

>>19397878
I don't get the point of this thought experiment
>>19397880
there are over 500,000 homeless people in the United States
>>19397886
probably how much people want it I guess, and you could use that data to increase or decrease the production of it in accordance. Which is exactly what private production does in its central planning unit.
>>19397887
that appears to be a shallow analysis

[Anonymous No.19397901]

>>19397861
> Hardship rn
Blame the gubermend and COVID (Blame the gubermend).
> Inflation
Blame the gubermend.
> 2008
Blame the gubermend.
Economics really isn't as hard as leftoids make it sound.

[Anonymous No.19397908]

>>19397901
yes, I can't wait until the government is eliminated and all of these problems will be solved. Privately owned police, courts, lawmaking, militaries, clandestine intelligence agencies, all at war with each other to put them out of business by the logic of competition will be paradise.

[Anonymous No.19397915]

>>19397898
>probably how much people want it I guess
No, that's just demand again.
Come on now! Give it another shot! you got this!

[Anonymous No.19397917]

>>19397864
Necessity is the mother of invention, so yes, the end of innovation

[Anonymous No.19397918]

>>19397898


>I don't get the point of this thought experiment

Look up a car called the Trabant and tell me how well it would have sold in a free market

>there are over 500,000 homeless people in the United States

That isn't economic collapse, hit me up when mass starvation occurs


>that appears to be a shallow analysis

The Community Reinvestment Act under the Clinton administration rewarded banks for handing out risky (subprime) mortgages which led to inflated housing prices, predatory variable rate loans and the inevitable crash.

[Anonymous No.19397931]

>>19397917

>Necessity is the mother of invention

tell that to my VR headset

[Anonymous No.19397936]

>>19397915
well, since supply follows from demand, and already exists, I can't think of any other valuable information that could be extracted. I suppose assuming the pre-existence of supply might be a bad assumption, but we can always just make an educated guess and then calibrate the machine, which is how you bootstrap anything. Plus, there's already an economy, so there should be some existing useful data to make the estimate accurate.
>>19397918
>Trabant
we already know how to make good cars, so I dont get the point of the car thought experiment.
>homeless people
I suppose in your subjective system of ethics, homeless people don't count as people, but in mine they do, so I see it as a failed economy
>banking act
it appears this act was written into law, because housing was unaffordable to the people in the economy. Which means the economy failed to provide for the people, I suppose I'll have to chalk that up as another failure for privately owned production. I'm also understanding that the reason why the subprime mortgages eventually defaulted was because they were being speculated on by private investors.

[Anonymous No.19397955]

>>19397931
You do realise VR headsets have uses besides gaming, right? Yes, VR headset, you were invented out of necessity as well.

[Anonymous No.19397961]

Fixed

[Anonymous No.19397963]

>>19397859
I'll bite. Other anon was talking specifically about post scarcity society. If there is no scarcity then there is no need for an economy, as the economy is simply a way of delivering finite goods.

[Anonymous No.19397982]

>>19397859
>So Marx supported a free economy wirhout government intervention?
You do remember the part where the government is specifically a tool of class exploitation, and a classless society will inevitably end up being a stateless one as well, right?

>>19397863
Marx had zero issues with price signals in a scarcity economy.

Why are so many people bootyblasted by an author that they literally never read?

[Anonymous No.19397995]

>>19397982
Post scarcity is a meme.
Seethe, cope, dilate.

[Anonymous No.19398001]

>>19397995
>Post scarcity is a meme.
Correct - it is, per Marx. It has to be applied in practice in order to become something more than a meme.

[Anonymous No.19398002]

>>19397995
As long as humans keep fucking breeding and spreading like locusts this will be true.

[Anonymous No.19398005]

>>19398002
We had multiple historic periods when production efficiency increased much faster than population numbers.

[Anonymous No.19398008]

>>19398005
And then what happened

[Anonymous No.19398017]

>>19398008
Also read this. It is about soil health, agriculture, and empire. We only have a limited time that pumping nitrogen back into monocrops will work.

[Anonymous No.19398019]

>>19398008
The growth value was extracted by the ruling class, which mostly invested into itself - forcing the working class to fall back onto one economic strategy that it always has: producing it's own labor.

People will keep acting like locust if you keep putting them into situations where becoming locust is their only option for survival.

[Anonymous No.19398021]

>>19397757
>promoting keynes
>even ironically

[Anonymous No.19398030]

>>19397799
>retard who thinks planning is bad
Every system works exactly for who it's meant to work for. Dimwits like you think that because the economy doesn't serve you that the system is faulty.

[Anonymous No.19398274]

>>19398019
I'm speaking agriculturally. I don't give a shit about tvs and shovels.

[Anonymous No.19398283]

>>19398030
Planning is faulty. It's been practiced and failed.

Don't be cringe.

[Anonymous No.19398340]

Just read textbooks, focus on micro over macro and don't forget public economics.

[Anonymous No.19398344]

https://spitfirelist.com/books/honorable01.pdf

[Anonymous No.19398542]

>>19397724
http://libgen.rs/book/index.php?md5=4B9E89EB1295E2D7150B4B61D6A0667A

http://digamo.free.fr/ecophilo.pdf

>>19397918
>The Community Reinvestment Act under the Clinton administration rewarded banks for handing out risky (subprime) mortgages which led to inflated housing prices, predatory variable rate loans and the inevitable crash.
This is one the most stupid conservative talking points. Banks literally were falsifying data to hand out loans because of various "financial innovations" they came up with themselves not because of government mandating them to or rewarding them to give loans to people who couldn't afford it but because there was private profit in doing it and foreign money was pouring in from the private sector. Eurotards investing in financing American homeowners because private rating agencies were telling them it was basically riskless is what made it so global.
Also how exactly prices were "inflated" when they've gone back up (slower than the stock market though) is questionable. It's more expensive for most people to get a house today and banks are more regulated. That's the thing about letting the private sector have a free go at things, it can find very clever ways to do things but most everything will fail and anyone clever will leave someone else holding the risk with them the profit and it may even blow up quanit conservative wisdom e.g. lolbertardians spent decades preaching for a gold monopoly on legal tender but now gold is being attacked as a monetary medium from the private sector by crypto and competing for attention by anti-government schizoids

>>19397757
Keynes used a lot of terminology which isn't standard today FYI so he can be confusing
>money-wage: The money wage is simply the nominal wage--the wage measured in current dollars.
>labor-unit: The labor unit is an unskilled workerhour. All labor and sometimes all factors of production are measured in terms of unskilled-equivalent workerhours.
>wage-unit: The wage-unit is the wage received for a labor unit.
>wage-good: A wage-good is a good that a wage earner might buy; it's a consumption good.
>non-wage-good: A non-wage-good is good that an interest-collector (or profit-maker) might buy; it's a capital good, or investment good.

>>19397801
I think China actually gets more patents nowadays (although it's mostly just trolling shit)

[Anonymous No.19398546]

>>19397724
Just read Sheikh Taleb's books

[Anonymous No.19398582]

>>19397724
Read either Rothbard's Man Economy and State or Mises' Human Action, then read Marx's Capital 1. You now understand the economy better than 99.9% of the population.

[Anonymous No.19398773]

>>19397887
no they weren't

[Anonymous No.19398914]

>>19397829
Nah Marx never said anything about planned economies, he said the economy of a socialist state would arise spontaneously from the present material conditions and you never read him.

[Anonymous No.19398953]

>>19398021
Literally the most impactful economist ever - cope, seethe, dilate ancap

[Anonymous No.19398959]

>>19398953
genuinely kys

[Anonymous No.19398988]

>>19398582
No that's the most retarded thing ever, most of that is forgotten pre Keynesian gibberish, especially Rothbard who was too dumb to even understand ancap economics.

[Anonymous No.19398996]

>>19398914
...

[Anonymous No.19399009]

>>19398959
okay road hater, I'm sure that companies won't turn into bloodthirsty warlords once you evade enough taxes.

[Anonymous No.19399016]

>>19397733
>Thomas Picketty’s Capital in the 21st century is wildly considered a great overview of economics
lmfao, didn't take even two posts for some retarded leftist to post something stupid.

Picketty's capital has been thoroughly debunked, it's an absolute shit tier book.

[Anonymous No.19399023]

>>19398283
Good goy

[Anonymous No.19399025]

Read the Austrians. Mises, Hayek, Rothbard, Böhm-Bawerk.

Some good non-Austrians are Sowell and Hazlitt.

[Anonymous No.19399026]

books that debunk economics as the pseudo social science it is?

[Anonymous No.19399028]

>>19399023
You will own nothing and you will be happy!

[Anonymous No.19399061]

>>19398030
>Dimwits like you think that because the economy doesn't serve you that the system is faulty.
The irony of someone who wants to plan an economy saying this.

Absolute retard.

[Anonymous No.19399086]

>>19399016
no it hasn't

[Anonymous No.19399088]

you wanna make enemies, try to change something

[Anonymous No.19399097]

>>19397961
“Lain it”?

[Anonymous No.19399098]

>>19399026
http://critiques.us/index.php?title=Critiques_Of_Libertarianism

[Anonymous No.19399102]

>>19399086
Yes it has. His whole argument relies on his retarded formula which has been refuted so hard I'm shocked to see that stupid book shilled in 2021.

[Anonymous No.19399105]

>>19399102
k schizo

[Anonymous No.19399110]

>>19397847
Wtf do you think a government back student loan is?

[Anonymous No.19399126]

>>19397936
>homeless people don't count as people, but in mine they do
this doesnt justify starving them anon
I doubt you have any idea of what homelessness in america is like

[Anonymous No.19399130]

>>19397733
>Piketty
>Great overview of economics
The guy literally just spends 500 pages finding every possible statistic to 'prove' his 3 letter equation thesis. Nothing else is even remotely touched upon apart from in passing

[Anonymous No.19399289]

>>19397880
Please rangeban Americans from this board

[Anonymous No.19399441]

>>19398283
Amazons entire gameplan is to be a global, centralized economy, and it has been wildly successful as a corporation

[Anonymous No.19399649]

>>19397963
Then why recommend Marx for the purposes of this thread?
>Hi guys I want to understand the economy as it is right now!
>Here anon, read this book that has little to no bearing on modern economics, but instead talks about what a hypothetical dream world with no economy would be like!

[Anonymous No.19399676]

Okay NONE OF YOU FAGGOTS have even addressed the question. Im not OP but have wanted a good selection of textbooks, etc. to get me acquainted with economics, both micro/macro and whatnot, as someone who is quite illiterate on the subject. Can you retards just like a small handful of well-endorsed books for me to investigate? Jesus Christ I dont give a shit about your libertarian marxist keynesian shitflinging i just want to understand better

[Anonymous No.19399719]

>>19399676
>Jesus Christ I dont give a shit about your libertarian marxist keynesian shitflinging i just want to understand better
Then economics is not for you, my friend.

[Anonymous No.19399818]

>>19397724
Economics is all made up and there's nothing to understand because nothing is right. Don't go down that economics rabbit-hole

[Anonymous No.19399825]

>>19397724
>political economy
The history of economic thought I. I. Rubn
A history of macroeconomics - Michel de Vroey
>money
That way lies madness.
>stock market
Covered by the above.

[Anonymous No.19399851]

>>19399676
pick up an orthodox economics textbook, literally any that is endorsed by any academic institution, next pick up a heterodox book on economics, whether that be marxoid or lolbertarian lit. As a separate anon mentioned, General theory is a good book, Keynes is the foundation of modern economics, Capital by marx is a thick read and was written for another time but still has some poignant insights into our current economic system, Road to serfdom is nice as well.

For a general insight into economics just do the lessons on khan academy, then delve into the lit is my suggestion.

>>19399719
Elitism is why fringe economic theories will fail, this anon just wants to learn and widen his horizons, and rather than give suggestions you provide insults.

[Anonymous No.19399858]

https://www.gutenberg.org/ebooks/33310
https://www.gutenberg.org/ebooks/30107
https://www.marxists.org/archive/marx/works/1865/value-price-profit/
http://marx.libcom.org/files/Capital-Volume-I.pdf
http://marx.libcom.org/files/Capital-Volume-II.pdf
http://marx.libcom.org/files/Capital-Volume-III.pdf

[Anonymous No.19399911]

>>19399441
>"Amazon is a planned economy"
>doesn't produce most of their own products
>regularly relies on third party contractors
>sets prices based on competition and market forces
Amazon is a global shipping network with a web store attached. They're not in any way a planned economy. Neither is McDonald's, Pepsi or any other large international firm. Being global and having an international HQ doesn't make you a planned economy.

>>19399676
You'd probably do better just going to the website of your favorite university and poking around on their economic undergrad course list until you find the recommended textbooks section for the intro courses. Most of the authors /lit/ cites are irrelevant to anyone ouside of academia.

>>19399719
I'm pretty sure most of the people who actually set monetary policy haven't read most of the authors in this thread, yet they likely have a far better understanding of modern financial systems than circlejerking internet marxists.

[Anonymous No.19399935]

>>19399911
the people who set monetary policy are retards, so a win for circlejerking internet marxists

[Anonymous No.19399941]

>>19399935
They have to work around whatever the current administration is doing, considering the circumstances faced from a global pandemic, its been pretty okay, I'm confident in their ability. Not the guy you were responding to btw

[Anonymous No.19399952]

>>19397724
The Intelligent Investor by Benjamin Graham will teach you how not to fall for /biz/ fomo retardation put your money in an index fund and forget about it

[Anonymous No.19400000]

>>19399952
>Not using capitalism to turn pennies into riches
NGMI

[Anonymous No.19400007]

>>19397724
no Jyuu-kun, I took out the loan then fucked off to another country. Not repaying a dime.

[Anonymous No.19400078]

>>19399676
>>19397724
Here's an actual list since nobody delivered

>Why should I take this list seriously
I've most schools of economic thought to make this list with the exception being neo marxians and Institutionalists so Austrians Keynesians Marxians etc

Start with something fun like ha joon chang (optional) then read mankiw macroeconomics along with mankiws microeconomics while watching marginal university on youtube. at this point you know more about economics than 98 percent of people. then you can take off into more mathematical, international and financial economics by following the /sci/ wiki's economics category, then you can study pretty much anything you'd like with a good foundation like historical economics (pseudoerasmus. com has loads of lists on it ), MMT (probably the most enlightening), post Keynesian economics , neo marxian economics, marxian institutional economics, econophysics, as well as some older economists like pareto, early Austrian school schumpeter, neo ricardians, wicksell etc

[Anonymous No.19400083]

>>19400078
*I've studied most

[Anonymous No.19400132]

>>19399952
This is literally, unironically, the only correct financial investment advice for people who aren't doing it as a day job. Just shovel every penny you don't have allocated to some expense or emergency fund into index funds and don't bother wasting your precious time on this earth worrying about min/maxing gains beyond that.

[Anonymous No.19400392]

>>19397724
Just go with Basic Economics by Thomas Sowell

[Anonymous No.19400416]

>>19397982

>and a classless society will inevitably end up being a stateless one as well, right?

So every village manufactures its own products and has its own infrastructure. It's amazing yoi think this is viable.

[Anonymous No.19400418]

>>19400132
Index funds, really, are just like a modern day savings account. You'll be making your money inflation-proof, but you won't be making much profits

[Anonymous No.19400422]

>>19398030
>Dimwits like you think that because the economy doesn't serve you that the system is faulty.
What will communists do to recover?

[Anonymous No.19400424]

>>19398914

>he said the economy of a socialist state would arise spontaneously

yup, a village of 500 people woupd magically start manufacturing its own cell phones

[Anonymous No.19400430]

>>19397840
>where an economy would not exist to begin with.
That anyone would listen to Marx after he suggested such a thing is possible is fucking mind-boggling to me. These people have no fucking clue what thermodynamics are or what an economy even is, but want to tell you all about Critical Thinking™.

[Anonymous No.19400468]

>>19397840
>post-scarcity communist
>post-scarcity
To match the reddit-tier bullshit that is Marx: Today I Learned we can make infinity resources if we're just really good at planning!

[Anonymous No.19400475]

>>19398914

[Anonymous No.19400482]

>>19400468

Everyone gets their own nuclear reactor

[Anonymous No.19400503]

>>19399676

I already said, Economics for Business by John Sloman. It was my textbook for my Economics module of my MBA. Read the thread.

[Anonymous No.19400518]

>>19397936

>we already know how to make good cars, so I dont get the point of the car thought experiment

Yhe Trabant was the worst car ever made yet it had a 43 to 1 demand ratio and a 10 year waiting list because it was the only car available in East Germany.

This is your planned economy in practice.

[Anonymous No.19400521]

>>19397724
Is this good? Had a high school teacher who swore by it.

[Anonymous No.19400524]

>>19397724
>political economy
Schumpeter
>money, and the stock market
Keynes

[Anonymous No.19400554]

>>19400521

I've read it and it does not explain economics at all

[Anonymous No.19400610]

>>19397724
For the basics:
* Economics In One Lesson by Henry Hazlitt
* The Theory of Money and Credit by Ludvig von Mises
* Freakonomics by Steven S. Levitt
* Rich Dad, Poor Dad by Robet T. Kyosaki (more about personal finance than economics)
Proper full course
* Human Action by Ludwig von Mises
* The Mises Reader by Shawn Rittenour
* Frederic Bastiat
* The Road to Serfdom by F.A. Hayek

Don't listen to anyone trying to suggest Marx and other socialist dodders.

[Anonymous No.19400628]

>>19398914
yes people would start to voluntarily exchange good and services

[Anonymous No.19400839]

>>19399935
>the people who set monetary policy are retards
Maybe so, but this thread is about understanding modern monetary policy and economic systems. Recommending old literature that's not influential on modern economic systems to try to understand modern economic systems is idiotic.

[Anonymous No.19400906]

>>19399097
lovin it

[Anonymous No.19400922]

>>19400610
>Economics In One Lesson by Henry Hazlitt
that was a huge waste of time, completely outdated.

[Anonymous No.19400962]

>>19400610
>Don't listen to anyone trying to suggest Marx and other socialist dodders.

>literally suggests capitalist equivalent of le post scarcity meme
What did anon mean by this?

[Anonymous No.19401031]

>>19397724
Honestly start with any decent undergrad intro to micro and macro textbooks, don't start with Ricardo and Smith, Keynes, Marx, etc. you will not understand without a background in econ, and don't read some pop "hOw to uNDerStaNd thE EcoNoMY" bullshit like people are recommending. A good one will give you an overview of different schools of thought and align them with modern models and terminology enough that you can understand most things you might try and read.

[Anonymous No.19401083]

>>19401031
I'll add for my BEc in first year I had Principles of Macroeconomics (Bernanke et al) and Microeconomics (Acemoglu et al) which were fine for what they are but there's probably better out there if you read through the thread.

[american economics No.19401096]

1. supply
2. demand
3. profit

[Anonymous No.19401173]

>>19397733
Based, rightoids will seethe but Piketty is CORRECT

[Anonymous No.19402555]

>>19397757
>is this anon serious
Read this instead.

[Anonymous No.19402582]

>>19402555
What is the difference between the Chicago school and Keynesianism?
Because socialism for the rich and austerity for the poor probably isn’t what Keynes had in mind

[Anonymous No.19402607]

>>19397724
Remember that wealth is useful/ beautiful services, aka human capital, or useful/ beautiful objects, aka human capital. Money is not wealth it is ideally a ledger system to keep track of who has earned access to goods and services because they themselves have provided goods and services. Also, as far as supply and demand goes, demand for a product does not make it good to create that product, vis. Items like drugs or sex slaves which destroy human capital and human net happiness are not good even if they move money and pad gdp. Also selling unhealthy foods or selling snake oil fitness supplements are not good, because they do not add value or beauty or human happiness, they instead exploit the ignorant and those lacking in will power to get money for products that ought not be consumed. I guess my point is economics right now is divorced from Ethics and does not properly seperate good consumption from bad consumption. Good consumption being that which leads to the ideal self-actualization of mankind, bad consumption being that which detracts from it. Same can be seen in tranny operations- a service like this relies on destroying people’s bodies, and it relies on the existence of mental illness for its own success. Our society is full of perverse economic incentives like this because we have a terrible grasp of the objective morality fundamental to reality, and we are also egoistic and narvisstic and rationalize the economic evil we do to others as “their choice.”

[Anonymous No.19402954]

>>19397724
The ignorance of boomers is only matched by their arrogance.

[Anonymous No.19402959]

>>19399676
You got it in your first reply you snivelling ape
Or would rather we sat here and explained it for you?

[Anonymous No.19402982]

Why did you not use your loan to pursue an education that led to gainful employment? Fuck your "finding yourself" shit or "broadening your horizons", you knew you had a bill to pay

I'm not even against student debts just being wiped all of the sudden but it wouldn't even solve the issue in the first goddamn place since it'll just allow a new bubble to grow beyond control

[Anonymous No.19403040]

>>19397788
Not an argument

[Anonymous No.19403042]

>>19397840
>Well in my magic land there wouldn't be scarcity, because we'd all have infinite amount of things that we like!

-Marx

No wonder midwit teens like his trash

[Anonymous No.19403047]

>>19398914
>>19397815
>you just don't understand, you've never read it
Why do leftoids just resort to insults and gaslighting instead of actual debate? They do this with the current CRT bullshit too

[Anonymous No.19403077]

>>19402982
Oh look, another retarded whore of mammon who thinks that philosophy, literature, theology and the entirety of western civilization, culture and history should be shunned because it cannot be used to make money for FAGMAN globohomo corporations by writing dildo website SEO, nor used for developing agricultural chemicals that will turn an entire generation into trannies even faster.

Rightoidniggers are unironically and unequivocally worse than commies, because at least the commies have the minimum of integrity to be honest about what soulless world they want and cherish. This in opposition to rightoidniggers, who will peddle degeneracy and sell any ideal at a discount price, all the while crying about the degeneracy they just sold and insisting that Real Capitalism would never amount to tranny-culture and mindless consoomers, it's just that Real Capitalism hasn't been tried yet.

>>19403042
The entire west is post-scarcity at this point faggot, that's why marketing even exists as a field, because all needs are met and new ones need to be invented.

[Anonymous No.19403097]

>>19403047
I think a lot of it has to do with leftists using academic terms that sound worse than they mean in non-academic discussions, like CRT, toxic masculinity, etc. It's compounded by the fact that many use those terms as a sort of motte and bailey argument; they start an argument by using the more controversial, first glace meaning of a word, then smugly fall back behind the academic definition when faced with any criticism.
One of the best examples of this I've ever faced, because it was so ridiculously stupid, was when I was talking with a girl in college who claimed "gypsies are the only people indigenous to Europe". When I pointed out that Meds are indigenous to Italy and Greece, she started lecturing me on the sociological definition of indigenous peoples, which apparently means when you had white people try to kill you or something like that.

[Anonymous No.19403157]

>>19403077
So why did you get a loan solely to commit fuckarounditis in school?

[Anonymous No.19403247]

>>19403157
I didn't, university is free in my country, and you're paid a stipend for studying, allowing you to pursue expertise in all those elements of western civilization I mentioned, which in turn decreases plebeianism in civil society and enhances cultural cohesion.

Which is fucking hilarious, because it is a social democrat policy, meaning that the social democrats have done more for conservatism than conservatism has done for conservatism at any point in history.

[Anonymous No.19403360]

>>19399097
I AM FALLING
I AM FADING

[Anonymous No.19403672]

Some good basic textbook like Mankiw's Economics or CORE Economics. After that, I'd read Varian's Introductory Micro, Williamson's Macroeconomics and Stock and Watson's Econometrics, and simultaneously read some good basic book on modern public economics, economics of labour, health economics etc. as well as international economics and financial economics. For Master's stuff, I'd read Acemoglu's Introduction To Modern Economic Growth, Jehle and Reny's Microeconomics, Angrist and Pischke's Mostly Harmless Econometrics, Hamilton's Time Series Analysis or Lutkepohl's Introduction To Multiple Time Series Analysis.

[Anonymous No.19403679]

>>19397794
>sloman
this
Sloman and Garrett

Just read an undergraduate economics textbook.
If you want to know proper economics:
Varian's micro
Blanchard's macro
Krugman etc's international
Simon & Blume's maths
Wooldridge Econometrics

[Anonymous No.19403690]

>>19397724
economics is worthless made up pseudo science
just learn to exploit whatever system that's in your country, you don't need books for that

[Anonymous No.19403698]

>>19402982
you should be glad not everyone in society pursued an education in the latest flavor of the decade garbage, currently computer science

[Anonymous No.19403704]

>>19403077
Post-scarcity is retarded as a concept.
Demand determines what people need, and people of this age "need" computers.
Obviously we all need food but no your not going to solve anything by feeding everybody bug burgers instead of using cows—despite that being a more efficient use of land—nobody wants to live in that hell-hole, people care more about innovation and choice.

[Anonymous No.19403769]

>>19403040
It's more like
>Turn education into a complete business
>Inundate your customers with so much work and debt they either barely stay afloat or don't even get their degree.
>All of this for an environment that doesn't even transmit necessary skills effectively like critical thinking or self reflection.
>If they do graduate and get an decent job they're so enmeshed in the individual rat race they'll be fully booked with working followed by burnout in their free time
>Why is everyone an emotional ignorant hedonistic retard? It makes no sense.

[Anonymous No.19403861]

>>19403690
pay it back.

[Anonymous No.19403884]

>>19397841
>governments in the EU also subsidize education
>tuition at a decent German engineering school is 120 euros per semester
This is because schools are more tightly regulated. EU subsidies come with strings attached, so their schools aren’t allowed to waste millions on sports and recreation the way that they do in the US. That’s the real issue.

[Anonymous No.19403890]

>>19397733
>Thomas Picketty’s Capital in the 21st century is wildly considered a great overview of economics
LITERALLY no one thinks this, not even fans of his, wtf are you on?

[Anonymous No.19403905]

>>19400418
What is the alternative? Are you going to try to out-trade the professional daytraders, 90% of whom, by the way, still lose money? Are you that conceited that you think because you read a few books on economics you’re going to beat a market full of intelligent people who are in it to make their living? Index funds beat the majority of these professionals over periods of more than 5 years. They will return you ~5% over inflation, probably more in good years (I’ve made 16% this year), and the best part is that you have to do ZERO work for these gains. You are following every guideline for margin of error without thinking about it, and paying less in real fees than 0% commission apps.

[Anonymous No.19403915]

>>19402555
Hazlitt is a old school liberal and makes liberal assumptions to attack Keynes. If you assume saving and investment will equilibrate than obviously you can save your way into prosperity which is a very respectable idea but Keynes claimed saving more could actually decrease business investment which is offensive to the fiscally prudent. If you drop Keynes odd assumptions than he doesn't make any sense e.g. if wages are fully flexible and employers can decrease wages at any moment and not effect the supply of labour than a lot of real issues just wouldn't exist but prices are a lot more rigid or have upwards biases IRL

>>19402982
>Why did you not use your loan to pursue an education that led to gainful employment
That's not really possible obviously since if everyone else also does it everything gainful today won't be tomorrow in that environment.

[Anonymous No.19403916]

>>19403905
and yet I made 300000% gains with dogpoosonicfartcoin, curious

[Anonymous No.19403925]

>>19397863
Price signals are actually a very inefficient way to transfer information. Look up the Bellman-Ford algorithm and contrast with Dijkstra. Something similar happens with prices — they have to change gradually over time, instead of responding instantly to new information. In the stock market this happens pretty quickly, but in commodities markets it’s a slow process, because you can wind up with really long cycles of feedback:
>company X needs oil and paper to produce product A
>company Y needs paper to produce product B, but is currently priced out
>company Z needs product A to produce more oil
>oil rises in cost, X can no longer afford it
>X also exits the paper market, causing prices to fall
>Y can now afford paper, and enters the market
>prices rise slightly for paper, and product A becomes more scarce
>Z anticipates a materials shortfall and puts more oil onto the market to raise additional money for buying product A
>X re enters the oil market, raising the price of oil again
>Y is priced out of oil again
>we’re back to our starting setup, with changes in inventory of paper and product A
>this forms a cycle and repeats several times
Contrast with a planned economy, where need is evaluated once and the oil is immediately distributed.

[Anonymous No.19403928]

>>19403916
Ponzi schemes will generally get abnormal returns as long as the bulk of those gains stay unrealized

[Anonymous No.19403947]

>>19403928
and yet I cashed out 120k yesterday, curious

[Anonymous No.19403963]

>>19397743

[Anonymous No.19403964]

>>19397757
The book that ended AnCaps.

[Anonymous No.19403965]

>>19403947
You're probably full of shit but even so a couple grand going into your bank account (I'm assuming you're not just talking about exchanging for stablecoins) is noting when crypto in the aggregate is worth trillions of dollars right now.

[Anonymous No.19403982]

>>19403965
>can't make more than 5% gains bro, 99.99999999999% get two billion dollars in debt and have to sell their kidneys
>okay, you can but you can't cash out
>okay, you can cash out but it doesn't count because you aren't liquidating 5% of the entire supply
holy goalposts, by that standard stocks are nothing unless you're market selling 10% of the S&P

[Anonymous No.19404020]

>>19403982
I said you can personally cash out as long as the massive amount of "wealth" stays unrealized. Crypto is a multi-trillion dollar sector now that came out of nowhere but hasn't increased real productivity to service all those new claims.

[Anonymous No.19404232]

>>19403982
Purely judging by the way you type, you’re full of shit. Not only that, but you’re using anomalous examples of gainporn as proof of a good chance of making it by trading shitcoins. So you don’t understand the concept of anecdotal evidence, and you’re also unaware of the asymmetry between a loss and a gain.

What’s more, people who do get lucky (and that’s all it is, luck) and cash out 5 million shartbonk then usually lose it later on, because they think that gain came from their competence and not the above, leading them to shit the bed when they try to replicate.

Only a tiny minority become and remain crypto-rich, just as it’s been the case with any speculative commodity for time immemorial.

[Anonymous No.19404736]

>>19400839
marx will explain modern economic systems better than modern economists will

[Anonymous No.19404747]

>>19397724
>Pay it back.
How about no.

[Anonymous No.19404818]

>explain economics
economics is a social ""science"" there are no objective facts produced from it.
Thats all you need to know.

[Anonymous No.19404959]

>>19397724
>be leaf
>ate Trudeau, just don't like im
>he is probably still going to forgive my student debt
>no about of boomer seethe and cope can stop it
>the economy will be crashed with no survivors
>not my problem
and enjoy your inflation faggots. I'm 50k in debt, it will be worth a loaf of bread by 2030. Not my problem

[Anonymous No.19405369]

>>19397724
Just clean your room, focus on yourself and be a good little boy ok?

[Anonymous No.19406147]

>>19399102
post evidence dumbass