/sci/ - Science & Math

[Anonymous No.6017604]

/sci/ i need your help. i want to learn economics. where should i start? what are the must read books? god-tier economists and their work?
Thanks in advance

[aether !0hUsPtRODs No.6017617]

the economic problem is scarcity. unlimited wants competing for limited resources, means goods and resources are scarce, and thus, decisions need to be made as to how we allocate our scarce resource. Economics is a social science which studies how society chooses to allocate it's scare resources, that have alternative uses, to produce goods for present and future consumption.

[Anonymous No.6017688]

>>6017617
ok, where did you learn this?

[Anonymous No.6017698]

Read some Adam Smith to start off, then Hayek, followed by Keynes, maybe some Friedman.

Game theory is a God-Tier sub topic. a good book to read on that is "Thinking Strategically"

[Anonymous No.6017752]

>>6017604
As with any field, I would advise against starting with original source.

You don't learn mathematics by starting with Euclid's elements.
Grab any modern textbook with good ratings. Once you're done with it, you'll have a better idea of where to go.

[Anonymous No.6017834]

>>6017698
thanks man

[Anonymous No.6017838]

>>6017752
This.

Get two undergraduate textbooks, one for Microeconomics, one for Macroeconomics.

Start with the problem of scarcity (finite goods/infinite wants) and elementary S/D diagrams then move up with the textbook.


>>6017834
You won't understand much of it without an preexisting understanding of economics.

[Anonymous No.6017846]

>>6017604
weath of nations by adam Smith, that will give u a fundemental understanding of classic economics

[Anonymous No.6017847]

>>6017838
>Get two undergraduate textbooks, one for Microeconomics, one for Macroeconomics.

such as?

[Anonymous No.6017882]

>>6017847
Depends. What country are you from?

Alternately, just look at the required reading & textbook list for an Economics B.A/B.Sci at your local good university.

[Anonymous No.6017894]

>>6017882
Argentina

[Anonymous No.6017904]

>>6017894
> white lolololol

But yeah, look up a good university use their textbooks.

[None !!BJiYgff8zf2 No.6017909]

Economics isn't a science, just as psychology isn't a science. The predictions of economists turn out to be wrong more often than they are right - in contrast to physics.

Game theory is irrelevant to the real world economy.

[Anonymous No.6017940]

>>6017909
nevertheless i have some interest in economics.
do you have something to contribute?
if not, find another thread to feel euphoric

[Anonymous No.6017965]

Supposedly what students of PPE at Oxford read/use.

1. Microeconomics
CORE TEXTBOOKS - BUY ONE OR BOTH OF THE TOP TWO

Varian, H. (2006), Intermediate Microeconomics: A Modern Approach, 7/e, Norton
Katz, M. and Rosen, H. (2005), Microeconomics (European Edition), McGraw-Hill
Bernheim, D. and Whinston, M. (2008), Microeconomics, McGraw Hill

FOR THOSE WITHOUT PRIOR MICROECONOMIC KNOWLEDGE

Begg, D., Fischer, S. and Dornbusch, R. (2005), Economics, 8/e, McGraw-Hill
Lipsey, R. and Chrystal, K. (2007), Principles of Economics, 11/e, Oxford University Press

2. Macroeconomics
Mankiw, G. and Taylor, M. (2007), Macroeconomics (European Edition), Worth
Blanchard, O. (2008), Macroeconomics, 5/e, Prentice Hall (more advanced)
Miles, D. and Scott, A. (2004), Macroeconomics, 2/e, McGraw Hill (more advanced)

SOME EXTRA MATERIAL TO SUPPLEMENT THE ABOVE READING

Abel & Bernanke, Macroeconomics, 2nd edn, Addison Wesley, 1995
Barro and Grilli, European Macroeconomics, Macmillan, 1994
Blanchard, Macroeconomics, Prentice Hall, 1997
De Long, Macroeconomics, Wiley, 2002
Dornbusch, Fischer & Startz, Macroeconomics, 7th edn, McGraw Hill, 1997
Miles & Scott, Macroeconomics, McGraw Hill, 2002
Stiglitz, Economics, 2nd edn, Norton 1997
Sachs & Larrain, Macroeconomics in the Global Economy, Harvester Wheatsheaf, 1993

[Anonymous No.6018341]

>>6017965
thank you very much
anything else i should know before i start?