Thomas Sowell is a good choice.

Human Action - Ludwig von Mises
or
Man, Economy, and State - Murray N. Rothbard
Don't let anyone tell you otherwise.

http://www.barnesandnoble.com/w/economics-walter-j-wessels/1002422567?r=1&ean=9780764134197&
cm_mmc=Google+Product+Search-_-Q000000630-_-Economics-_-9780764134197

mises.org

>>1155079
>mises

Not an economist, not based on empirical data

fuck off

If you want to understand the economy you need to learn about central banking and how it influences everything. Read:

The Creature from Jekyll Island
by G. Edward Griffin

Just read a college textbook. I read Hal Varian's Intermediate Microeconomics and Greg Mankiw's Macroeconomics. I think you need to learn some of the math to understand economics better. I don't think it's a good idea to just read those pop-econ books that only explain the intuition. There's some insights that you can only see well if you use math.

start with this

>>1155113
>>1155086


Ignore everything else in this thread.

>>1155098
Economics is not a physical science.
http://mises.org/rothbard/praxeologymethod.pdf

Economics in One Lesson, Henry Hazlitt
The Parable of the Broken Window by Frederic Bastiat (an essay but still a classic)
Free to Choose: A Personal Statement by Milton Friedman
The Road to Serfdom by F. A. Hayek
The Mystery of Banking by Murray Rothbard
The Candlemakers Petition by Frederic Bastiat
America's Great Depression by Murray Rothbard
Human Action by Ludwig von Mises

>>1155049
start reading a economics book, and be amazed in how fuck our economy really is and how much it has changed

Econ grad student here: Please ignore all of the mises/Rothbard garbage mentioned in this thread. Austrian "economics" is like a pseudo-science grounded in an alternate reality.

******My advice would be to simply read a introductory College textbook.

Pick related: Mises believers = rodent
Eagle = academia

This is a very good look at the current state of the global economy and the institutions and actions/results that shape it.

http://www.youtube.com/watch?v=5V3kpKzd-Yw

Modern economics have been bastardised by positivism and empiricism and they are a total waste of time. Just a bunch of econometric models trying to model human behaviour and failing miserably.

Start by reading "Economics in One Lesson" by Hazlit to get a basic understanding about economic motives, free exchange, unitended consequences, the limits of centally enforced plans in contrast to organic bottom up spontaneous order of the market.

http://en.wikipedia.org/wiki/The_Wealth_of_Nations

Someone make a pastebin when this thread is done.

An Essay on Economic Theory by Cantillon
The Wealth of Nations by Smith
The Law by Bastiat
Economics in One Lesson by Hazlitt
Free to Choose by Friedman
The Use of Knowledge in Society by Hayek

Should be a pretty good start

You mad at your third-rate sub-branch of mathematics?
>>1155181
see
>>1155139

lol, econ major here, this thread is full of fail

all these books are findable on interwebz for dl, search for it, dont buy all of those

Economics in One Lesson, Henry Hazlitt
Mankiw, Principles of economics
krugman, international economics
mishkin, Economics of Money, Banking, and Financial Markets
mishkin, Financial Markets and Institutions
varian, Intermediate Microeconomics (learn math before this! dl "thomas' calculus")
Zvi Bodie, Alex Kane, Alan Marcus, investments


this is basics, after you get all this, find subject that interests you the most and than study that. try to stay away from austrian economics, they are idiots

And stay away from everything from Samuelson or Mankiw and any other mainstream textbooks. Samuelson is responsible for bringing up a whole generation of useless Keynesian economists he set the whole field back at least 100 years.

Capital.

>>1155248
0.1/10

>>1155265

Fuck bitches get Money

mises.org/media/category/199/Economics-101

http://www.youtube.com/playlist?list=PLA4D0A81DC4D9D2E7

mises.org/rothbard/mes.asp

mises.org/books/messtudy.pdf

>>1155148
>Economics
>The Road to Serfdom
You're doing it wrong

>>1155237

only worthy post ITT

i'm amazed how many austrianfags are here, they are like what /x/ is to /sci/

>>1155079
>Human Action - Ludwig von Mises
Only if you want to cure insomnia and elephant tranquilizers aren't working.
>Man, Economy, and State - Murray N. Rothbard
Rothbard is a good guy so you can see flaws in things.
The case against flat tax - Murray Rothbard should be read by everyone including anti libertarians.
Also Keynes and his famous book.

>>1155237
>stay away from austrian economics
>recommends Henry Hazlitt

Naked Economics by Charles Wheelan

Make sure it's the redone one after 2008.

>>1155248
Samuelson was a very smart guy.
Too bad he got some things wrong.

http://www.debtdeflation.com/blogs/wp-content/uploads/papers/Amfpk.pdf

People should also read this, written by a Post Keynesian.

And Post Keynesians also predicted the bubble crash and are the only school to favour methodology as much as the Austrians.
Smaller than the Austrian school too.

Stefan Molyneux is a great place to start

Just watch his video on the "Sunset of the state" or his video on procrastination and you'll get a really good understand on how important freedom is on a moral and ergo economic level.

This thread makes me never want to learn about economics.

>implying there will be an economy in a few years.

Watch I.O.U.S.A.

>>1155467
As Thomas Carlyle called it: the dismal science

Can you real economists explain why Austrian economics is wrong?

>>1155049

The economy is not a course you can master in college. To think otherwise is the pretense of knowledge.

>>1155557

>no empirical evidence
>gooberment r bad
>flawed capital theory
>no incorporation of time
>rejection of fiat currency
>depression are good and healthy for the economy
>supporters of child labor
>no use of math

>>1155548

It certainly seems that way. Just so many conflicting opinions make it hard for me to want to take this seriously.

Which school is correct?

-read a macroeconomics textbook
-read Adam Smith's Wealth of Nations
-read Das Kapital or The Communist Manifesto by Karl Marx (or at least read the wikipedia page)
-study up on Keynes a bit
-read up on the Federal Reserve, aggregate supply/demand, international trade, etc.

but you need to realize....

>understand economy

No one actually does.

>>1155148
>Economics in One Lesson, Henry Hazlitt

>>1155671
unfortunately, none are 100% correct. modern economics is still in its childish phase so every school wanders in the unknown

>>1155734

>read books that are written in a way that makes you rip every page in infinite pieces

nice way to start....idiot

i'm not surprised to see "economics in one lesson" recommended here more than a few times

just really, really disappointed. you fellas should be ashamed of yourselves.

pick up a copy of capital and start here, op.

http://davidharvey.org/reading-capital/

>>1155237

this anon here, forget what i said about first book, i misread it for some other book, everything else is fine

>>1155795

You're just begging for it, aren't you?

>>1155801

>taking garbled rehashes of Ricardo and Smith seriously

>This whole Jewish world, comprising a single exploiting sect, a kind of blood sucking people, a kind of organic destructive collective parasite, going beyond not only the frontiers of states, but of political opinion, this world is now, at least for the most part, at the disposal of Marx on the one hand, and of Rothschild on the other... This may seem strange. What can there be in common between socialism and a leading bank? The point is that authoritarian socialism, Marxist communism, demands a strong centralisation of the state. And where there is centralisation of the state, there must necessarily be a central bank, and where such a bank exists, the parasitic Jewish nation, speculating with the Labour of the people, will be found.

>>1155850
come at me elitistfaggot

>>1155795
>nice way to start....idiot

capital can be a really difficult read, i agree, which is why i recommend people watch these lectures while reading >>1155801

i read the first volume on my own, and while i understood the large majority of it, some of it just made literally go "wat", even after reading and re-reading and re-reading it over and over again. many of the concepts in capital can be very difficult to grasp for someone who has been indoctrinated by supposed capitalism (americans) their entire lives

remove government from GDP

see the truth

now you know everything about economics

>>1155801
>ennui !!r1XrQP07hRU

HAHAHHAHAHAAH

You certainly wouldn't be suffering from ennui in the gulag.

>Typical suburban upper-middle class "Marxist"

Let me guess, 2nd semester sociology sophomore?

>>1155921

>the large majority of it, some of it just made literally go "wat", even after reading and re-reading and re-reading it over and over again. many of the concepts in capital can be very difficult to grasp for someone who has been indoctrinated by supposed capitalism (americans) their entire lives

So it has nothing to do with Kapital being pants-on-head retarded?

>>1155936
>Let me guess, 2nd semester sociology sophomore?

i'm 26

>>1155801
Read the third volume of Das Kapital it's hilarious.All the "laws" Marx spews out are contradicting everything presented in the first two volumes.

Then read this book that refutes the whole Marxist body of knowledge in a few pages.
http://mises.org/books/karlmarx.pdf

>>1155957
>Sociology major detected.

>>1155957

>still a sophomore at 26
>26 and being on 4chan

Conclusion from thread:

Read all economics books as previously stated; Summarily disregard them as worthless garbage.

>>1155611
>my bro menger and I destroy the LTV
>marx can't develop cogent refutation
>he just stops writing
>mfw

>>1155967
>Eugen
That gay is too smart for Mises.org

The only thing I know about Marx' economics is his labor theory of value and it sounds completely retarded.

>>1155967

>implying there can be contradictions in the dialectical materialism

>>1155988

This is basically true in a lot of ways. As far as I can gather, most American governmental policy in recent memory is based of Keynesian economics and reactions to it. It can be helpful to read Marx or Smith or commentaries on them to understand the development and history of economics, but to understand modern monetary and fiscal policy? Not so much.

hello Greek here

i learned something from this "crisis"

economies are only wealthy on paper: the paper wealth has surpassed the real wealth. basically we live in a fake prosperity.

trust me, i see it everyday here in Greece.

>>1155967
i've only gone over the third volume once

i don't have time to check out your link but i will later on. thanks.

>>1156045
What's the difference between Greece and the U.S though? Oh Yea! The U.S has a printer. That is literally the only difference in economic structure and situation. The U.S can print money for a bit longer.

>people actually recommending Marx and Austrians

O.M.F.G

/pol/ is 12 year old hipsters

>>1156104
The difference is Marxian economics has been monotonically refuted every time it is unfortunately resuscitated while Austrian economics has unfairly been dismissed as "extreme apriorism".

I am pretty sure Austrian Economics deserves more credit than it deserves. Austrian economists predicted the whole financial collapse, the housing bubble, and other events.

I think the Austrian Economics is slowly gaining ground, and people are coming closer and closer to it.

Everyone on youtube loves it

>>1156313
>Everyone on youtube loves it

well

since you put it that way

>Everyone on youtube loves it
Everyone on youtube also loves Lady Gaga.

>>1155557

Mainstream economists like to use modeling and statistical mathematics as their main source of approaching to manipulate the economy to their favor, and so they feel that they are closer to being more of an "actual" science. I'm a physics major, and I constantly see this idiotic, much-more-science-than-thou mentality amongst all of the scientific fields. Austrian economics is like what Sociology is to Biology. They're both valid in their viewpoints, and each provide a perspective that is valuable to society. It's just idiotic ego tripping elitism.

>>1156313

>deserves more credit than it deserves.