Is there a Veeky Forums approved economics reading chart?

Naked economics

I would include Essays on Positive Economics on that list.

I read about the first 300 pages, he begins to repeat himself afterawhile. I think it's seminal enough to include, especially for the more philosophical angle.

From the Austrian School of Economics. Basically a bunch of anarchocapitakist kooks but really a fun and convincing to read bunch.

fine but no rothbard
i'll do it next week if nobody's done it by then

Totally understand no Rothbard lol. What flavor of leftist are you?

Master Calculus (just say 'no' to Economics if you can't get past this point) --> Undergrad Economics textbook --> Grad school material

Ignore your Smiths and Marxs; you can read them as you come to know more and more about contemporary economic theory.

BUT PLEASE NAIL YOUR MATH FIRST

He asked for a reading chart, not how to be an economist

There has been no decent economic literature since Marx

YOU CALLED?

Go to bed, Tom.
/pol/ needs you up bright and early tomorrow.

pretty much

>I want to understand economics without studying economics
okey

Dude get the fuck over yourself you don't need strong math background to develop informed economic opinions and economic intuition.
Did you really not read any of the fun shit like Hoppe or Marx until you took actual courses?
Background: Economics and Math double major

...

sorry, you can't seem to tell the difference between finance and economics...economics has simple algebraic math at most...

Most "contemporary economic theory" is just pure obscurantism (like most other social sciences) hiding behind complex formulas. Classical political economy in many ways still explains reality better (even with no calculus!) than most contemporary "experts" and is easy to grasp even for a high school student.

Jump around for an overview of a lot of different schools of thought:
newschool.edu/nssr/het/thought.htm

I think Thorstein Veblen's "The Theory of Business Enterprise" is still the best realist way of understanding how corporate America really functions. Credit, mergers, inflation and ownership strategies for accumulation under the given 'limits of the market' is central to understanding finance capitalism. The Machiavellian ways insiders engineer the system to get something for noting is what's key to understanding how people really get ahead.

>The problem for the absentee owners, according to Veblen, was that the industrial machine was too productive and threatened to collapse prices (and thus profit), if left unchecked. As we have discussed, the modern corporation is itself an incorporation of credit, and was formed to strategically control the production process of ‘industry’. In other words, credit fell into use because the industrial system was too productive and needed to be curtailed. But how does credit play this role? Well, through incorporation, that is through ownership, a corporation comes to dominate a given fraction of the industrial process and can control this fraction within limits for profitable ends. A greater extension of credit however, allows the incorporation of absentee owners greater strategic leverage in their mission to accumulate profits through a vigilant curtailment of productive efficiency.
>First, it can use this credit offered by the Investment Banker to merge or acquire other companies with which it is competing. This allows the corporation to collect or take-over the income stream of an existing corporation while at the same time, creating no new capacity with the credit it has been extended by our friend the Investment Banker. It also gives the corporation greater strategic control over a given fraction of the industrial system. With greater control, the corporation is freer to undertake acts of sabotage by curtailing production and jacking the price of its wares.
>Second, the extension of credit can serve to inflate prices. What is crucial for Veblen here is that an extension of credit does not mean that it is linked to any ‘tangible asset’ (though it could be), and is therefore capable of extending, ad infinitum until something checks this inflation in a period of crisis. However, until this check arrives, prices are free to soar and the ‘proverbial’ bottom line of numerical units will be fattened.

Road to Serfdom is not Economics.

goddamn you need to go to school

Holy shit thank you so much I'm halfway through it right now and I'm like "where does the economics start"

Capitalism and Freedom sempai

Never, if it's your first introduction to econ, drop it immediately.

If it isn't, read one of Hayek's articles on competition instead, they're much better than his more ideological work, which is just proto-neoliberal drivel.

Fuck your gay little math formulas.

Road to Serfdom is a masterpiece you shitlord

Road to Serfdom is the worse piece of trash I've ever read in my life. Taken solely as a critique of National Socialism and Fascism, it's a fine historical document, but the idea that people would read it today as a means to critiquing modern socialism is abhorrent. It should be universally disregarded as corrosive ideological garbage along with Hayek's attacks on social justice.

i would say that this is offtopic but pseudoscience (freud, lacan, et al) seems to be welcome on this board so post away

mankiw has 2 intro micro & macro textbooks. why you'd bother with reading historical texts is beyond me.

sage anyways.

Found the delusional Marxist

Road to Serfdom is more relevant today than ever, as is his essay on the ills of social justice. You are another rubbish byproduct of university brainwashing. Socialism and social justice are two of the worst blights in modern times.

Found the ill-educated "libertarian"

I hope your country privatises their healthcare system and that you get gangrene on your dick that could only be treated if you only just had the money to pay for it. I also hope that your country's government decides to cancel welfare so that when you eventually end up jobless like I expect anyone with your level of intelligence might, you are unable to buy toilet paper and have to wipe you ass with — you guessed it — the Road to Serfdom. At that point, the book will have at least found one pro-social use for its pages.

Right m8, I'm sure you studied economics under Milton Friedman like my father did.

I'm hope your pisshole country nationalizes its healthcare system so you can wait in line for months and months while your testicular cancer metastatizes instead of being treated, which it could be if you were actually allowed to pay for better insurance. I hope you end up having to fly to another country to get a prescription because the government insurance review board decides you don't need it. I also hope your country expands welfare to attract more migrants and refugees so you'll eventually wind up working 50 hours a week to pay the salary of the African bull who's fucking your wife. At that point you will have finally achieved 'social justice'.

>Milton Friedman
OH MY GOD hahahahahahaha. Wew lad, wew lad.

>dissing the most highly respected, most highly relevant economist of the 20th and 21st century

Do you even consumption function m9?

Veeky Forums is the new home for Sowell posters

It's not the 80s anymore mEight, neoliberal economics has long been recognised to be based on faulty assumptions about the way markets function.

>
lol my father studied under a guy know things

>Marx

>Keynes

>No Mises

>No Menger

>No Land

Legit kill yourself, plebeian retard.

Go back to /pol/, you pathetic dumbfuck.

If you use the term neoliberal there's a 99% chance you don't know what you're talking about

>mathematical economics

Kill yourself.

Such as...

>Still believing in Socialism/Communism

Yeah, he's the pathetic dumbfuck.

OP here, I'm actually going into my final year of undergraduate studies and want to read the essential texts because I feel like I don't know as much as I should.

Contemporary Anglo-American economics is an utter spook-fest. Just say no to mind-killing propaganda.

This.

I was a math major, but standard academic economics in the US is a pseudo-science that hides an oppressive ideology under the mask of specious mathematics.

Read this: aeon.co/essays/how-economists-rode-maths-to-become-our-era-s-astrologers

That's a shame, was the style in the communist manifesto all engels? I thought that was pretty well written.

It's 300 pages of ripping on "planning"

>Keynesian/Marxian/progressive

>calling others "dumbfuck"

Top lel.

I'm not exactly an expert in the field, but even I can tell this list is flawed.

Besides what others have said, two more I would contend need to be included are Henry George and Immanuel Wallerstein.

Mises & Rothbard.

Read Yanis Varoufakis if you want to understand what is *actually* going on.

yeah then follow it up with Chomsky lmao

Are you dumb? Marx's 1844 manuscripts are beautifully written. I haven't read Capital yet, but to claim Marx is a bad writer is incorrect. Maybe you read a shit translation or something. His essay "Estranged Labour" is clear, concise, and evocative.

...

This.
They say it as if it's a bad thing

Capital is a lot, but its so worth the read.

What crack are you smoking? America is damn near the only industrialized nation with privatized health care and it has some of the worst in the world!

Yeah cuz fuck valuing people as human beings. people are things that are to be rented out for profit.

That is a great book.

>Master Calculus
You don't need calculus really if you master your matrices and linear algebra and all that

>Taken solely as a critique of National Socialism and Fascism
Its purview is considerably wider than that, tho it's nowhere near being a nail in the coffin of socialism, and its portrayal of capitalist markets should be viewed super critically.

If you do this then you may as well just read the Communist Manifesto. It's only a few pages as well.

he didn't fly

Communist manifesto is not economic. Wage Labor and Capital would be a better choice.

this. econ phd at top 25 here. all i do is proofs.

I recommend:
Microeconomic Theory by Mas-Colell
Recursive Methods in Economic Dynamics by Stokey and Lucas, Prescott

start there. the exercises are also a part of the book, so do them. avoid non-mainstream economics, they're all plagued with bullshit ideology.

reminder that economics is not ideology-driven.

also let me explain why the guy above said "say no to economics if you cant get past calculus". economics deals with phenomena at the MARGIN. it means if i add a very tiny amount to a system, how does it change? most economic objects need to satisfy first differentiability to be analyzed.

I'll leave the possibilty of a shit translation in the question to be honest, but besides the manifesto, which I believe he had a lot of outside help on, his writing comes off a super dry and often downright boring especially for such an important subject matter.

>complaining about the inclusion of two of the most influential theorists in economic theory.
Like I understand you ancaps lack attention because you're all babies, but I'm sorry to tell you but these guys are irrelevant.

How is this bitch?

this is definitely true if you want to read academic economic literature and become an economist

but you can read some 'popular' economics books and pick up a lot of understanding and general useful ideas of economics, which is better than nothing for someone who doesn't have the will to learn about integrals. someone reading some books by deaton, thaler, acemoglu, even some krugman(not including his political nytimes blog) will do no harm

it is almost impossible to be free of ideology no matter how objective or academic someone is trying to be, economics does do a pretty good job and it is right to pretty much stick to mainstream consensus thought with it unless you are very well read in it and are pinning your career on that one small trick that you think everyone else has missed

fine, there are some disputes over some of the methodology and general findings but it's not heteredox

there are many more disputes on the actual solutions piketty proposes, but this will always be more difficult

not quite sound

>math
>econ

Holy shit stop posting this meme, econ is a social science

People are people, not ducking numbers. Applying a model to people is dumb as fuck.

>math
>engineering

materials are materials, not ducking numbers. applying a model to materials is dumb as fuck.

fuck off, idiot

>economics is not ideology-driven

Hahaha

From what I know it's a significant philosophical text that's often applied to theories of neoliberal free market economics. But I haven't read it so I wouldn't know.

Isn't Capital in the 21st Century significant as well? I get the feeling that it won't fade with time.

That seems impossible just on the virtue that people who have read Marx since Marx could at least apply his theories to the modern context. I mean Marx didn't foresee developments of capitalism that occurred in his lifetime. He assumed that capitalism's ever-worsening exploitation would necessitate a world revolution, that it could be relied upon like laws of physics. But then the welfare state developed that cut out rights and minimum wages for workers, workers comp and pensions. From a Marxist interpretation this created a much more sophisticated method of capitalist tyranny, one that the exploited proletariat felt reliant upon.

0/10.

100 Best Economic Books: listmuse.com/100-best-economics-books-time.php

You fell for the brainwashing.

aeon.co/essays/how-economists-rode-maths-to-become-our-era-s-astrologers

>seeing veblen mentioned on Veeky Forums
you made my day
agreed on the points about classical political economy, econ is a meme degree
also veblen's theory of the leisure class is a must read

lists like these are nearly always terrible but this is one of the least terrible i've seen

would remove chang, harvey and keen though...

Hooray for baseless assumptions.

fucking burger

keep linking that shitpile of an article. Every single part of his argument is factually incorrect.

In your dreams, moron. He called you out for your bullshit, and you're humiliated.

>reddit
>filename

Perfect. Fits right in with all the other hacks.

Piketty is in no way a hack like varoufakis...

All the article does is show they aren't good at math, don't understand how economics uses the word rational and all the mathematical models that take account of people doing dumb shit, and then just rambles abouts astrology and the Chinese. Top hack.

Varoufakis is not a "hack". He has actually interacted with the real world of economic power, unlike 99.9999% of academic "economists".

Capital is very well written, the first three chapters are dense and inaccessible by necessity according to his own words. Absolutely horrible writer my ass. 18th Brumaire of Louis Napoleon is very beautifully written.