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basic economics

hey guys

I am looking for a text book on basic economics something like economics for geeks or learn economics on the weekend and the like.


Monday, September 15, 2003

What do you want to learn?  The theory of why the economic systems behave the way they do?  The formulas?  The economics of profit seeking enterprises?  Can you be more specific?

Monday, September 15, 2003

Understanding basic economic prinicples. What's micro economy? what's macro economy? facators, influencers. What's supply? what's demand? how these have positive/negative impacts. you get the drift huh?

Monday, September 15, 2003

Here is a good starter book on understanding the "money" aspects of economics. The site also has many other free books online, but only represents the Austrian movement in economics (which many people marginalize).

Monday, September 15, 2003

Here are a couple:

Monday, September 15, 2003

you only want serious replies, but your question is quite vague.

Economics is basically the study of the allocation of scarce resources.

Ultimately, everything revolves around the supply and demand curves. Movements along them. Shifts in the curves.... that's economics at its most basic.

It gets interesting when you start to consider the effects of policy or technology on the curves. When you look at consumer effects on the curves and in turn their effects on consumer habits. When you compare short run and long run behaviours of  the curves. When you look at the curves of one product vs the curves for the economy.... micro vs macro economics.

The different economic theories essentially disagree on the assumptions one makes in determining how the curves shift. Capitalism assumes, amongst other things that the market has perfect information and that the consumer is rational. Socialism says that the govt knows best and that man is selfish.

I could go on, but without more information on what facet of economics you are interested in, it is difficult to recommend a book.

For just a broad overview, look for an A level (high school) study guide. Letts publish some good ones.

Monday, September 15, 2003

you could always just look at the website of any university economics department and find out what books they use in their class.

Monday, September 15, 2003

I'd recommend tackling economics from an historical viewpoint rather than purely technical.

Economics is still very much in a state of development, so you need to be selective.  People will band around complex formulaes and make it all look like established facts, but it is not.

Seeing how the ideas developed, and are developing, helps you to be much more discerning.

Ged Byrne
Tuesday, September 16, 2003

See what a couple of your nearest college bookstores use for intro to econ.  There's lots of 'intro' books on the market that are really gospel books.  I.e. they don't try to give you an intro to econ so much as indoctrinate you to their theory. 

Tuesday, September 16, 2003

Ged has an interesting point. Most (all Ivy League, anyway) economics departments in the USA teach economics from a technical viewpoint. Many UK schools do the same thing (UCL, for insance) but UK schools are also known for teaching economics from more of a sociological/historical perspective.

Tuesday, September 16, 2003

If you ever want to specifically study the philosophical foundations of Laissez-Faire Capitalism, this (giant, heavy and expensive) book is excellent:

Brad Wilson (
Tuesday, September 16, 2003

Please read the chapter 3: productive force (The theory of price system) of a new book, THING AND ITS LAW. 

This chapter is only 55 pages.  The theory of price system dedicates to you a new economisic thought, a new Four-Rate Formula and a new Exchange Rate Formula of currency and opens a new road to macro economy.

Thing and Its Law, ISBN 1-58939-525-5. Published 2003 by Publishing Inc.

Xiaozhong zhai
Tuesday, March 23, 2004

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