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Forum » Economics Books Thread [GOAT AUSTRIAN ECON FREEDOM] Get aware.
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Thread: Economics Books Thread [GOAT AUSTRIAN ECON FREEDOM] Get aware.

post 1618140931 10-01-2020, 02:47 PM
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Economics Books Thread [GOAT AUSTRIAN ECON FREEDOM] Get aware.

Aight. This is my current list that i've finished. If anyone has some good Econ book recommendations I would love to hear them.I highly recommend reading all of these. The ones with * are GOAT.

The Failure of The New Economics - Henry Hazlitt
*Man Economy and State - Rothbard
Economic Calculation in the Socialist Commonwealth - Mises
*An Agorist Primer - Samuel Edward Kohn 3 (sek3)
*Counter Economics - sek3
*Marxism Unmasked - Mises
Busting Myths About the State - Rofer
The Theory of Money and Credit - Mises
*Economics in One Lesson - Hazlitt
Human Action - Mises
Lessons for the Young Economisdt - Robert P. Murphy (RPM)
The Politically Incorrect guide to Capitalism - RPM
*The Fatal Conceit - FA Hayek
*What has the Government Done to our Money - Mises
Man vs. The Welfare State - Hazlitt
* Anatomy of the State - Rothbard

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― Bhagavad Gita
post 1618141361 10-01-2020, 02:50 PM
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The Everything Bubble is a good intro to central banking, the business cycle and asset bubbles/crashes

post 1618141461 10-01-2020, 02:52 PM
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[QUOTE=Born2Roam post_id=1618141361]The Everything Bubble is a good intro to central banking, the business cycle and asset bubbles/crashes

[img]https://m.media-amazon.com/images/I/41M83wwT51L.jpg[/ig][/QUOTE]I think I may have listened to that one on audible. I'll read it regardless.
“Death is as sure for that which is born, as birth is for that which is dead. Therefore grieve not for what is inevitable.”
― Bhagavad Gita
post 1618141531 10-01-2020, 02:52 PM
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OP, what is your 2 cents on the Fed?
***Disclaimer: All posts made by [2011change] are works of satire and made for entertainment use only.***
post 1618141831 10-01-2020, 02:56 PM
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Originally Posted By 2011change⏩
OP, what is your 2 cents on the Fed?
The fed is and always has been hot garbage. The only thing dicking around with money supply does is trash wealth. The fed has been taxing your savings since its inception in an effort to float an unsustainable and irresponsible federal government.

The only decent chairman was Volcker, but only because he did "the right" thing at the right time. No other chairman will sack up the way he did, however the fed ought not exist to begin with, it is just jacking up the markets ability to hit equilibrium.
“Death is as sure for that which is born, as birth is for that which is dead. Therefore grieve not for what is inevitable.”
― Bhagavad Gita
post 1618142071 10-01-2020, 02:59 PM
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Originally Posted By ritualdecay⏩
The fed is and always has been hot garbage. The only thing dicking around with money supply does is trash wealth. The fed has been taxing your savings since its inception in an effort to float an unsustainable and irresponsible federal government.

The only decent chairman was Volcker, but only because he did "the right" thing at the right time. No other chairman will sack up the way he did, however the fed ought not exist to begin with, it is just jacking up the markets ability to hit equilibrium.
is it true the federal reserve is a private organization? Why did thomas jefferson was so against a central banking system?
***Disclaimer: All posts made by [2011change] are works of satire and made for entertainment use only.***
post 1618142121 10-01-2020, 02:59 PM
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Saving for later. I've only read Wealth of Nations books 1-3.
post 1618142321 10-01-2020, 03:01 PM
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Good to Great.


Have a business (imagine it as a flywheel), push the flywheel until you figure out what makes it tick, and then make it so good you accelerate the flywheel, and become the best in the world at it.


Its not about macro economics but running great businesses. Great businesses = better economy. Money and all that chit can change, its just an intermediary link for getting real value, i.e. from a business that provides product or service
post 1618142401 10-01-2020, 03:03 PM
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Originally Posted By 2011change⏩
is it true the federal reserve is a private organization? Why did thomas jefferson was so against a central banking system?
The Fed is a private organization in the same way that democrats and republicans are different.

It isnt.

Its just another head of the hydra to further obfuscate that the government has its hands in your pockets. When the fed prints additional money, it decreases the value of the money you have by diluting the buying power of the currency. The government uses this to manipulate money for various activities at the cost of your financial future. there is no other use for the fed.
“Death is as sure for that which is born, as birth is for that which is dead. Therefore grieve not for what is inevitable.”
― Bhagavad Gita
post 1618142661 10-01-2020, 03:05 PM
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Originally Posted By DSTEE⏩
Good to Great.


Have a business that works like a flywheel, push the flywheel until you figure out what makes it tick, and then make it so good you accelerate the flywheel, and become the best in the world at it.


Its not about macro economics but running great businesses. Great businesses = better economy. Money and all that chit can change, but its just an intermediary link for getting real value, i.e. from a business that provides product or service
Well said.

But I dont believe in Micro vs. macro. I believe in just Economics.

The issue with your statement is that currency is utilized to purchase services and goods. The currency is manipulated by bad faith actors (the government/fed). When the currency is manipulated it affects the holdings of the businesses (even great ones) and decreases their buying power to continue planned operations.
“Death is as sure for that which is born, as birth is for that which is dead. Therefore grieve not for what is inevitable.”
― Bhagavad Gita
post 1618143061 10-01-2020, 03:11 PM
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I don't have anything to contribute, I'd just suggest looking into behavioral economics as well, to see how certain principles are distorted or unrealistic.
Mash'Allah
post 1618143081 10-01-2020, 03:12 PM
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Is this only a pro-Free Market Capitalism book thread?

Pro-Mixed Economic system books;

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism By Ha Joon Chang- Makes the case for Economic Nationalism, through the economic history of nations.

Free Trade Doesn't Work: What Should Replace it and Why by Ian Fletcher- Also, makes the case for Economic Nationalism, through the economic history of nations.

The Entrepreneurial State: Debunking Public vs. Private Sector MythsBy Marianna Mazzucato - Why tech innnovations come from a mix of public and private sector.

The Corporation: The Pathological Pursuit of Profit and Powerby Joel Bakan - What happens when Corporations are given free reign.

Drive: The Surprising Truth About What Motivates Usby Daniel H. Pink - Behavioral Economics research, the studies directly contradict the assumptions of Austrian Economics.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1618143351 10-01-2020, 03:15 PM
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Originally Posted By ThenGuru⏩
I don't have anything to contribute, I'd just suggest looking into behavioral economics as well, to see how certain principles are distorted or unrealistic.
Mises covers behavioral Economics really well in Human Action.
“Death is as sure for that which is born, as birth is for that which is dead. Therefore grieve not for what is inevitable.”
― Bhagavad Gita
post 1618143461 10-01-2020, 03:16 PM
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Originally Posted By BetaAsPhuck⏩
Is this only a pro-Free Market Capitalism book thread?

Pro-Mixed Economic system;

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism By Ha Joon Chang- Makes the case for Economic Nationalism, through the economic history of nations.
Free Trade Doesn't Work: What Should Replace it and Why by Ian Fletcher- Also, makes the case for Economic Nationalism, through the economic history of nations.
The Entrepreneurial State: Debunking Public vs. Private Sector MythsBy Marianna Mazzucato - Why tech innnovations come from a mix of public and private sector.
The Corporation: The Pathological Pursuit of Profit and Powerby Joel Bakan - What happens when Corporations are given free reign.
Drive: The Surprising Truth About What Motivates Usby Daniel H. Pink - Behavioral Economics research, the studies directly contradict the assumptions of Austrian Economics.
I am always interested in other aspects of Economics. Please share away anyone else who has some good reads.
“Death is as sure for that which is born, as birth is for that which is dead. Therefore grieve not for what is inevitable.”
― Bhagavad Gita
post 1618143611 10-01-2020, 03:18 PM
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Originally Posted By ritualdecay⏩
Mises covers behavioral Economics really well in Human Action.
Summaries of experiments from behavioural sciences can be found inDrive By Daniel Pink. Mises' behavioural theory is apriori, right?

Here is a 10 minute summary...

If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1618143781 10-01-2020, 03:20 PM
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Originally Posted By ritualdecay⏩
I am always interested in other aspects of Economics. Please share away anyone else who has some good reads.
Agreed. Very cucked to only read work that you already know falls in line with your thinking.
post 1618144431 10-01-2020, 03:27 PM
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Originally Posted By dreamscaper⏩
The Theory of Economic Development by Joseph Schumpeter
Capitalism, Socialism and Democracy by Joseph Schumpeter

The audiobook of The Age of Turbulence by Alan Greenspan read by Robertson Dean is wonderful economic history and Dean's voice is fantastic for the part.

At some point you really need to get into econometrics though and learn to download/analyze data from FRED. People love to bag on the Fed but FRED, their economic time series database/API is just amazing.
I regularly use FRED. Awesome tool.
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― Bhagavad Gita
post 1618144661 10-01-2020, 03:31 PM
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"You are now subscribed to this thread."

post 1618144741 10-01-2020, 03:33 PM
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Originally Posted By Ultimarok⏩
"You are now subscribed to this thread."

Thats more of a business book than an economic book bro. But TBH I havent read it, is it worth the read? Srs.
“Death is as sure for that which is born, as birth is for that which is dead. Therefore grieve not for what is inevitable.”
― Bhagavad Gita
post 1618144851 10-01-2020, 03:35 PM
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Free to Choose: A Personal Statement by Milton Friedman - A great primer on Friedman's views on political economy with a lot of real world cases examined.

Basic Economics by Thomas Sowell - A quick run through of a bunch of facets of economics through a neoclassical free-market viewpoint. Plain written yet interesting, also has a lot of applied examples.

Race and Economics by Walter E. Williams - Debunks some of the far leftist theories on race.

Guns, Germs and Steel by Jared Diamond - IMO the book had some big omissions, but the central theory (agriculture's effect on economic and social development) is argued quite well, although there are definitely more factors at play that Diamond largely looks over.

Law, Legislation, and Liberty by Friedrich Hayek (3 volumes) - Have only read part of one of these books. A bit more of a focus on political philosophy, but still relevant to the thread. Hayek is a difficult read though.

Labour Market Economics by Riddell, Benjamin and Gunderson - One of the best undergraduate econ books I've used, and one of the few which may be worth picking up to read outside of a university setting. A combination of theory and review of empirical results which was pretty unbiased and fair.

And a journal article:

The Use of Knowledge in Society by Hayek - One of the GOAT takedowns of economic central planning. Simple, intuitive and pretty easy to explain, even to big gov't lefties. Fukin genius article.

Also, big shoutout to EconTalk, hosted by Russ Roberts, for podcast brahs.
post 1618145291 10-01-2020, 03:41 PM
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Originally Posted By ritualdecay⏩
Thats more of a business book than an economic book bro. But TBH I havent read it, is it worth the read? Srs.
The last time I read it was either the late 90s or early 2000s, so can't really comment on that going by memory until I get a new copy and re-read it. But given how successful he's been, I would say it's worth it based on that at least. Incidentally he has a few more in-depth books out there, give it a look online when searching for books authored by him.

I honestly just posted it for the meme.
post 1618145751 10-01-2020, 03:46 PM
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I also recommend checking out the work of Michelle Alexopoulos. I can't remember the name of it, but she wrote an interesting journal article trying to determine if books about new technologies could be used as an indicator of technological progress.

The results seemed to indicate that the indicator worked fairly well. Some interesting chit.
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