Basic Economics?

11/3/07 | bear_slayer

[Bear_Slayer]

This link www.ingrimayne.com is subtly pro socialism.

[Santiago de la Vega]

Philistone has a pretty good list.

I’d drop Keynes: not relevant.

Monetary History is the single most important thing you can study. Milton Friedmn’s classic work taught Paul Volcker how to control inflation in 1979. Read it thoroughly and repeatedly.

Irving Fisher will teach you about interest rates and his book Theory of Interest is on the web.

The rest is arcane and not particularly valuable.

JB Say (Early 1800s) was the text America grew up with and is excellent. He corrects most of Adam Smith’s mistakes.

To understand the problems of enforcement costs, read Ronald Coase’s paper on Social Cost.

Armen Alchian wrote the classic textbook: University Economics.

Have fun.

[cowtowney]

Free To Choose - Milton Friedman
Basic Economics - Thomas Sowell

For some great articles, read Walter Williams:

http://www.townhall.com/columnists/walterewilliams/archive.shtml

[Bear_Slayer]

Monetary History is the single most important thing you can study

I am beginning to understand that what drives people and their relationships, as well as nations and their relationships, both internat and external, is predominantly money.

Understanding this and guessing right makes it almost possible to predict the future.

Thanks for the suggestions. I'm halfway through Basic Economics.

[Bear_Slayer]

These are two authors, that by their repeated occurence, I trust are worth reading.

I'm halfway through Basic Economics

Thanks.

[cowtowney]

If you read those two books, you will be ahead of 90% of the general public, including Congress. Then, you will begin to wonder why certain decisions are made the way they are in our government.

High school students should not be able to graduate without reading those books.

[Freedom4US]

Two somewhat contradictory tomes would be “A Random Walk Down Wall Street” by Burton Malkiel (several different editions) and “The Rule 1 Investor” (the first rule being don’t lose money)

[Bear_Slayer]

you will begin to wonder why certain decisions are made the way they are in our government

I've already discovered that they do so in their own best interests.

[Hardastarboard]

DON'T, Please DON'T, study economics. We simply can't afford to lose any more voters. Das Kapital by Karl Marx, the world's greatest economist ever, is OK if you must. All you need to know about economics is "The rich get richer, and the poor get poorer".

We're here to correct that, to be sure that you get yours from the rich that stole it from you. That's all you really need to know. Just keep pulling the lever for us.

Sincerely,

The Democratic Party

[Bear_Slayer]

Yes Hillary - I hear and obey