Views: 12,906   Voters: 11   Comments: 6
Started by: jcmorley on November 9, 2007
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I love my home country of Canada, but I'm always a bit dismayed by the low levels of economic literacy when I return home. Perhaps this is just the consequence of my teaching economics in the U.S., while I tend to mingle with people who are from the "real world" when I'm back in Canada. However, I also suspect it has to do with the sense in Canada that economics is unfashionable, in part because it might be (unfairly) associated with the U.S. So, if the closest thing to resembling an economics book on your bookshelf is "No Logo" or a still-unread tome by John Kenneth Galbraith, it's time to recognize that your Heineken years are over and its better to be informed than fashionable. The following books are readable, intelligent examples of the power of economic thought. ( Edited by jcmorley )  

Top "Popular" Books in Economics
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#2
Naked Economics - Charles Wheelen

While Levitt's "Freakonomics" really is a lot of fun, this book is a more accurate, yet just as enjoyable, introduction to modern economic thought.

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#7
The Death and Life of Great American Cities - Jane Jacobs

Paul Krugman once argued that economists are confusing to non-economists because they are not swayed by how distinguished a writer is, but rather by their ideas. I think this over-romanticizes economists. However, the example he gave was great. It was that economists respect Jane Jacobs, even if she didn't have PhD, because she had coherent and articulate theories, while few 20th Century figures are as distinguished as John Kenneth Galbraith, who did have a PhD in economics, yet economists have little time for his economic theories that have been so effectively robbed by reality (he was a good writer, though). This Jane Jacobs book is a classic, although you may find you get the point by, say, page 150.

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#10
The Cash Nexus - Niall Ferguson

Economics as history, without being Marxist (yes, being "Marxist" would severly diminish the value of the thoughts therein--after all, even Marx wasn't a Marxist by the end of his life).

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#11
The White Man\'s Burden - William Easterly

Jeff Sach's probably doesn't like this book, but whether you think of yourself as a "lefty" or a "righty", there is much you will be challenged by and convinced by in this critique of utopian ideas for economic development.

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#12
The Mystery of Capital - Hernando De Soto

A compelling introduction to the importance of property rights, although the more subtle academic debate over "formal" vs. "informal" property rights continues on unabated.

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Just wanted to bump this topic, see if there were any other books people knew about now, especially considering everything thats happened since.

Posted 5 years ago

The books I chose are a bit more hard reading, but I follow economics very closely and am I big fan of the Mises Institute (mises.org) I mean here is the basis gist of their material.

An economy based on credit and FIAT currency dangerous for the long term prosperity of a nation citizenry, and a currency that is held accountable by commodities is ideal cause not only does it keep the government in check but also preserves the wealth of citizens from the forces of inflation. The anti tax and anti-trust books are pretty good reads to.

It's like the internet, the more decentralized something is, the more say the small guy has, which is why I'm about a small decentralized government. Switzerland has a decent version of what works.

Posted 5 years ago

These books were deliberately chosen for being well written and accessible to people who don't spend every waking hour thinking about these topics.

Posted 5 years ago

Are these highly theoretical ones or books that can easily be digested? I know personally some of that stuff goes over my head. I'm not dumb, I just take more time for math type things. haha.

Posted 5 years ago

I haven't read it yet, but I like its optimistic thesis since I'm pretty sure my tastes in music, books, etc... don't always line up with the median buyer. Markets don't always cater only to the "lowest common demoninator" and, in a slightly conservative gesture, I'll argue that when they do it is often due to an artificial constraint on entry put in place by regulation. E.g., consider the quality of TV when we only had a few channels on the highly regulated and limited airwaves versus the current situation where there are fewer constraints on the number of channels and you can download TV shows or rent/buy them on DVD. On the other hand, as a socialogical observation, I think we'll all miss the highly quality "common experiences" in popular culture. Here's a revealing progression of exceedingly popular entertainment endevours: 1960s - the Beatles, 1970s - Saturday Night Fever Soundtrack, Star Wars; 1980s - Michael Jackson, Miami Vice, 1990s - Whitney Houston, Seinfeld, 2000s - Survivor, American Idol. Kind of a sad new millenium, really. Indeed, with the exception of Seinfeld, it's been a while since popularity and quality have lined up all that well.

Posted 6 years ago

I just started reading The Long Tail. Any thoughts on it?

Posted 6 years ago
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