Skip to main content
12 votes
Accepted

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
  • 57.2k
7 votes
Accepted

Why do some game theory textbooks explicitly require preference relations to be reflexive?

Since completeness implies reflexivity, there can be no extremely strong reason. But here are some: Students new to the language of mathematics do not always appreciate that "a pair of outcomes $...
Michael Greinecker's user avatar
4 votes

Why do some game theory textbooks explicitly require preference relations to be reflexive?

At least for the case of the example I presented, I can now answer the question myself. I just asked Eilon Solan, one of the authors. He replied: [...] We thought it is useful to add it for ...
VARulle's user avatar
  • 7,044
3 votes

Textbook Recommendation for IS-LM AS-AD Models

Short opinion pieces/notes by Paul Krugman which might be interesting for the new students of macroeconomics: http://web.mit.edu/krugman/www/islm.html https://archive.nytimes.com/krugman.blogs....
solow supremacy's user avatar
2 votes
Accepted

Slope in Probit results

It appears to me that the textbook is ambiguous. It is probably either (1) or (2) which you mention. The bottom row of the table has $f(\bar{x}'\hat{\beta})$, which makes me inclined to think it is ...
Michael Gmeiner's user avatar
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
  • 57.2k
1 vote
Accepted

Introductory text book for a post-graduate level econometrics course

Good graduate level econometrics books are: Verbeek: A Guide to Modern Econometrics Pesaran: Time Series and Panel Data Econometrics Hamilton: Time Series Analysis (only covers time series) If you are ...
1muflon1's user avatar
  • 57.2k
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

Textbook Recommendation for IS-LM AS-AD Models

Blanchard is a good text. I am not sure what exactly you are looking for. Most undergrad macro texts are written in a similar way. But if you want to check an alternative presentation of the material, ...
TeX_novice's user avatar
1 vote

Textbook Recommendation for IS-LM AS-AD Models

If you want to read something more advanced on the topics you mentioned, I’d recommend <<Macroeconomics: Imperfections, Institutions, and Policies>> by Wendy Carlin and David Soskice
Tony's user avatar
  • 1,262
1 vote

Textbook Recommendation for IS-LM AS-AD Models

Macroeconomics by Olivier Blanchard would have been my recommendation.
BB King's user avatar
  • 6,238
1 vote
Accepted

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
  • 57.2k

Only top scored, non community-wiki answers of a minimum length are eligible