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12 votes
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Is Basic Economics by Thomas Sowell a good book for a layperson who isn't interested in pursuing economics?

I heard that Basic Economics by Thomas Sowell is a good book for a layperson to get a feel for how the economy works. I have also heard some criticisms but they seem to be based on Thomas Sowell's ...
1muflon1's user avatar
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9 votes
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Good books to learn social choice theory

Start with: A primer in Social Choice Theory, by Wulf Gaertner. If you want more, have a look at: Welfare Economics and Social Choice Theory by Allan Feldman and Roberto Serrano To dig deeper: ...
Martin Van der Linden's user avatar
7 votes

Book recommendations: Introduction to economics

It's great that you're developing an interest in economics. I would suggest Mankiw's Principles of Economics to start with. I believe it meets both your requirements and covers the two major areas of ...
Chetna Ahuja's user avatar
6 votes
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Did Adam Smith make a calculation error in Chapter XI of Book I?

What you have calculated (based on Smith's data) is the ratio of the money price of wheat in Smith's time to its price in the time of Edward III (14th century). The same result could be obtained more ...
Adam Bailey's user avatar
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5 votes
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An overview of 4 books for an undergrad course in Mathematical Economics

All four of those books are widely used at the undergraduate level. They are written with the intention to be text-books of a class, so they should be good for self-study. I recommend you to read 1 ...
Regio's user avatar
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5 votes

Game Theory Book

"The Art of Strategy: A Game Theorist's Guide to Success in Business and Life" By Dixit and Nalebuff. It's recommended by Steven Levitt so I guess it is fun. And also "Thinking, Fast ...
The R's user avatar
  • 193
4 votes

Game Theory Book

I am not going to recommend a book but a short paper by Avinash Dixit Prof at Princeton and published in the Journal of Education where it talks about restoring fun to game theory. He suggests using ...
emeryville's user avatar
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4 votes

Best history of macro book?

Beyond Michel De Vroey's book, I know of no other book on the history of macroeconomics, as it is praised by macroeconomists. See for example this review. De Vroey has a true vision of macroeconomics,...
emeryville's user avatar
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4 votes

What are some of the books that ambitious high school students study to advance in econ and research?

The most direct path from high school to being a research economist will probably lead you to taking standard economics courses, and I'm not sure working through the standard curriculum first is the ...
Michael Greinecker's user avatar
3 votes

What are some of the books that ambitious high school students study to advance in econ and research?

I think as a starting point I would suggest the following books G. Mankiw: Principles of Microeconomics This book provides introductory understanding of economics, it is recommended for people ...
Macosso's user avatar
  • 366
3 votes

Game Theory exercise collection

I like Tadelis' book. The solution manual includes all exercises, without the rest of the text.
econbernardo's user avatar
3 votes
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Short textbook of econometrics?

An Introduction to Econometric Theory by James Davidson might be worth a look. It satisfies all your condition at a slim 256 pages.
Michael Greinecker's user avatar
3 votes

Book recommendations: Introduction to economics

In the first category of books that are story-based and very well done, supported by academic research, I recommend the Freakonomics books by University of Chicago economist Steven Levitt and New York ...
emeryville's user avatar
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2 votes
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Why is the price of books set by the manufacturer rather than the distributor?

It’s the manufacturer’s suggested retail price (MSRP); manufacturers cannot dictate the final retail price. Any manufacturer that has a catalogue or a website has a suggested retail price. If ...
Brian Romanchuk's user avatar
2 votes

Reading list for physics undergrad who'd like to cover the economics related to the hedge fund/ private equity field

Macroeconomics is the part of interest to fixed income hedge funds, and a secondary concern for other parts of finance. It is also the area with the greatest theoretical splits. I am in the post-...
Brian Romanchuk's user avatar
2 votes

Game Theory Book

I really like "Who Gets What — and Why" by Al Roth. This book is not about game theory per se, but about an important application of game theoretic concepts. Since you are doing a PhD, you do not need ...
Bayesian's user avatar
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2 votes

Financial Crisis text book recommendation

One of my favorites in this dimension is "This Time Is Different" by Reinhart and Rogoff. Both are respected scholars. The title already suggests what they aim at. Covering sixty-six ...
Bayesian's user avatar
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2 votes

Short textbook of econometrics?

These are very strict criteria, I dont know good econometrics intro book that would satisfy all of them but one that comes close is Verbeek (2008) A Guide to Modern Econometrics. it is introductory ...
1muflon1's user avatar
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2 votes
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Book recommendation about the causes of the great depression

Generally considered excellent scholarship on Great Depression can be found in books: Essays on the Great Depression by Bernanke Hall of Mirrors: The Great Depression, the Great Recession, and the ...
1muflon1's user avatar
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1 vote

Economic models that are useful to understand macroeconomics

If you look just for a simple mathematical models you can have a look at Blanchard et al Macroeconomics European Perspective. It covers all the concepts you mention perhaps with exception of ...
1muflon1's user avatar
  • 57k
1 vote

Is Basic Economics by Thomas Sowell a good book for a layperson who isn't interested in pursuing economics?

I like this book. I'm a nonspecialist in this field and I have bad relationships with math but this book is a really nice one. I usually prefer some drama books (the glass menagerie quotes are amazing ...
Tom Barry's user avatar
1 vote
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Information request about Robert Frank's principles of economics and Mankiw's principles of economics

Are they, in fact, the most popular introduction to economics books? I don't think this can be directly answered because I do not think there is statistics showing sale numbers of all major textbooks....
1muflon1's user avatar
  • 57k
1 vote

Game Theory exercise collection

One example of a book that roughly fits your requirements is Erich Prisner: Game Theory Through Examples. It is mostly introductory book but has very few extra explanations besides a walkthrough of ...
WilliamT's user avatar
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1 vote

Financial Crisis text book recommendation

My favorite, and this is my main area of expertise, so I've read many, is Gary Gorton's Misunderstanding Financial Crises: Why We Don't See Them Coming. It's focused on the history in the United ...
dismalscience's user avatar
1 vote

Books and resources on how policies/regulations are made on exchanges like NYSE, NASDAQ, LSE, etc?

This document, published by the International Organization of Securities Commissions, states three objectives and describes thirty-eight principles of securities regulation: https://www.iosco.org/...
SystemTheory's user avatar
1 vote

Study guide (and...) for "Intermediate Microeconomics with Calculus" by Varian

Nothing will be better than going through the textbook. Lecture's slides can be beneficial, you can google newer versions or access older here: http://www.mtholyoke.edu/~mirobins/econ212.html. I also ...
bajun65537's user avatar
1 vote
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Resources for mathematician trying to develop (macro)economic thinking?

You might be interested in David Romer's Advanced Macroeconomics. It's a grad-level textbook that includes grad-level math, but the focus is off the math and on the intuition. It doesn't spend much ...
aintgeorge's user avatar
1 vote

Game Theory Book

In addition to other good books already mentioned, take a look at Gaming the Market: Applying Game Theory to Create Winning Trading Strategies by Ronald Shelton. It is written from a traders' point ...
Dimitri Vulis's user avatar
1 vote

Book recommendations: Introduction to economics

In the story category I also very much recommend Robert Frank's the economic naturalist. It is basically a collection of stories written by his students explaining everyday's little mysteries with ...
Maarten Punt's user avatar
  • 2,373

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