Basic economics book?
A mortgage is a type of loan taken out specifically for purchasing a house. It's a financial term. There is a bit of an overlap between economics and finance. I majored in economics and I'm constantly running into financial terms in economics articles/books that I don't know what they mean; you just have to look them up. That being said, if you really want to understand economics you probably need a textbook. If you decided to go the textbook route, Greg Mankiw's are the best, but then again who wants to read an economics textbook for fun? A book such as "Economics in One Lesson" would probably help you out a lot if you just look up the terms you don't know in a dictionary or encyclopedia. Another good one is "Hidden Order" by David Friedman (Milton's son), I had it assigned for a class once, but it's not a textbook so it's a more interesting read. Also, I couldn't imagine trying to read "Capitalism and Freedom" without taking at least one economics class.
What economic books you would recommend to a undergraduate student?
I would read some of the more Influential popular books that relate to Economic issues. Most of these books are free online. They will give you a taste of a range of both left/right ideologies.Progress and Poverty by Henry George (the most popular book on Economics ever written and a good introduction to the thought of Mill, Ricardo, Smith, LaSalle(founder of the German SPD)On LIberty by John Stuart MillCommunist Manifesto by Marx/EngelsTheory of the Leisure Class Thorstein VeblenGeneral Theory of Employment Interest and Money KeynesThe Affluent Society John Kenneth GalbraithMonetary History of the United States Milton FriedmanCapitalism and Freedom Milton FriedmanThe Road to Serfdom Frederich von HayekSmall is Beautiful by EF SchumacherThe Limits to Growth Meadows et alThe High Frontier by Gerard O’NeillI am putting these last because I think they are less accessible than the rest on the above list.Das Kapital by Karl MarxWealth of Nations by Adam SmithThe Republic by PlatoThese are novels with an economic component(thes are all a fun, easy read)Looking Backward by Edward Bellamy(this book “invented” warehouse clubs and debit cards)The Jungle Upton SinclairAtlas Shrugged by Ayn Rand(also a movie)Ecotopia by Ernest Callenbach(influenced creation of the Green Parties)
Economics books- please help!?
i think you should read the 1st one, First published in 1999, Development as Freedom is a book focused on international development and written by Nobel Prize-winning economist Amartya Sen. Some of the topics of this book: Development is the expansion of capabilities... having the freedom to choose between different ways of thinking. The enrichment of human lives. Being able to choose how you want to live. Amartya Sen is an Indian-born Cambridge economist who won the Nobel Prize in Economics in 1998. He was praised by the Prize Committee for bringing an "ethical dimension" to a field recently dominated by technical specialists. Based on the example of the former Soviet Union, Sen argued that political liberties are necessary for sustainable development. He also tackled the paradox of the Chinese hare and the Indian tortoise in terms of economic growth, pointing to the fact that China had invested in general literacy and basic health before opening its economy in 1979, while the "socialist regime" in India in the 1960s and 70s neglected those very areas in pursuit of full nationalisation under the license Raj. While Indian democratic processes can be painfully slow, they provide a firmer guarantee of stable growth in the long run. Sen argued against the notion that a specific set of "Asian values" exists that might provide a justification for authoritarian regimes.
Best Economic Books?
Economics is such a broad field, it really depends on what specifically you'd like to know. Thomas Sowell wrote a very accessible primer called "Basic Economics". It reads like a textbook, but it's very conceptual and clear. Paul Krugman and Milton Friedman are the most widely read by non-economists, though they represent opposite political and ideological forces. Friedman's "Free to Choose" is probably the most accessible book on applied economics ever written, although he represents a very conservative, laissez-faire view, arguing for private ownership of most public goods. Krugman likes to be everything to everyone. Early in his career, he was a major force for rigorous economics, shoving us towards mathematical proofs and away from conceptual econ. After the second Bush presidency began, he became much more political, and hence more conceptual. He's technically a Neo-Keynesian, though he's gotten more radical than most of us Keynesians are. His "Peddling Prosperity" is not a bad summary of economic history (I'd read it alongside Heilbruner's "The Worldly Philosophers", for balance). His "The Accidental Theorist" is probably the most on-target you'll get - after this pub, he's more and more political. If you favor Friedman's writings (and you can probably find some of his older columns in Newsweek, from the 1970s), you'd probably get something about of Hayek and Amartya Sen (notably "Capitalism and Freedom"). If you favor Krugman, I'd suggest Joseph Stiglitz's "Globalization and its Discontents", although this is a tough read if you don't have a basic knowledge of macroeconomics (again, Sowell).
What are the best books to learn economics?
There are standards textbooks for economics, such as Mankiw for the basics and macroeconomics, Varian for microeconomics, Samuelson's famous textbook, etc. I am, however, a political economist, which means that I believe that the market and the state are both equally important in the economy, and that the decisions taken in the economy are not divorced from politics. The books that I would suggest would, therefore, study economics from a more heterodox perspective. The reason I believe that these books are important is because there has been a growing criticism of neoclassical economics, both from within the discipline and without, because of its false assumptions and its failed policies. The frontier research in economics now accepts that for the economy to function, what matters foremost is institutions, whether social, political, or economic. Given that, here is a list of books that I think are an excellent starting point to understand political economy:Ha-Joon Chang - 23 Things They Don't Tell You About CapitalismHa-Joon Chang - Economics: A User's GuideHa-Joon Chang - Kicking Away the LadderFriedrich List - National System of Political EconomyPrasannan Parthasarathi - Why Europe Grew Rich and Asia Did NotErik Reinert - How Rich Countries Got Rich and Why Poor Countries Stay PoorKarl Polanyi - The Great TransformationDavid Graeber - Debt: The First 5,000 YearsCharles Tilly - Coercion, Capital, and European States AD 900-1990Prince Peter Kropotkin - The Conquest of BreadPrince Peter Kropotkin - Fields, Factories and WorkshopsHenry Hazlitt - Economics in One LessonAlbert O Hirschman - The Passions and the Interests: Political Arguments for Capitalism Before Its TriumphJoseph Stiglitz - The Price of Inequality: How Today’s Divided Society Endangers Our FutureJoseph Stiglitz - Freefall: America, Free Markets, and the Sinking of the World EconomyRobert Heilbroner - The Worldly Philosophers: The Lives, Times and Ideas of the Great Economic ThinkersLee Boldeman - The Cult of the Market: Economic Fundamentalism and its DiscontentsE.F. Schumacher - Small Is BeautifulNaila Kabeer - Reversed Realities: Gender Hierarchies in Development ThoughtChalmers Johnson - MITI and the Japanese MiraclePeter Evans - Embedded Autonomy: States and Industrial TransformationDani Rodrik - One Economics, Many Recipes: Globalization, Institutions, and Economic GrowthDaron Acemoglu - Why Nations Fail: The Origins of Power, Prosperity and Poverty
Could someone suggest a good audible book on economics?
I suggest these books:The Triumph of the City by Edward Glaeser; a really good read/listen on urban economicsGlobal Inequality by Branko Milanovic; a must read on global income inequalityWho Gets What and Why, by Noble laureate Alvin Roth; this is one of the greatest books on matching marketsWhat Money Can’t Buy by Micheal Sandel; On the ethics of marketsAn Economic History of the World since 1400; This one is by The Great CoursesThe Tyranny of Experts by William Easterly; On Economic Development
Best book to learn basic economics?
Depends on what you want. If you want basic economic THEORY I agree with getting Mankiw's introductory book. But that is targeted more for someone that wants to engage in a study of the field of economics. It is a textbook - and reads like one. If you want applications of economics in a wide variety of real life situations presented in an entertaining way, I recommend "Armchair Economist" by Landsburg. This will probably be more what you're looking for. If your goal is to understand our current economic environment, you're going to have some work ahead of you. There are so many things to learn about like monetary policy, imports/exports, taxes, inflation, etc. The problem is that so many of the books that explain these things at an introductory level are either textbooks or heavily political. Start with "Armchair" and then branch out from there - just make sure if you read political books, get a variety of opinions. Most of Krugman's stuff is blatantly political - though I can't say that for certain about his introductory books.
Which book should I read as Economics as my UPSC Optional?
Paper 1:Micro:Ahuja – Advanced microeconomics theory – macro theories of distribution, welfare etc.Pindyck and Rubenfield – game theory, asymmetric info etc.Koutsoyiannis – markets, welfare economics etc.Varian – intermediate micro economics.Macro:Snowdon and Vane – the best one.Froyen.Dornbusch.Dwivedi (for money multiplier).Trade:Salvatore – The best one.Krugman and Obstfeld.IGNOU.Growth:IGNOU.C I Jones.Development:ThirlwallIGNOUPublic Finance:H L Bhatia.Musgrave.Environment:Economics of Environment – Subhashini MuthukrishnanPaper 2:Economic Survey.India Year Book.Indian Economy Since Independence – Uma Kapila.Indian Economy – Datt and Sundaram.Indian Economy – Sanjeev Varma.Indian Economy – Mishra and Puri.Indian Economy – Performance and Policies – Uma Kapila.March of Indian Economy.Indian Economy – Ramesh Singh.Selected seminal articles from MA course like those by Deaton and Dreze, Deepak Nayyar, R Nagaraj, K Nagaraj etc.Magazines: Yojana, Kurukshetra, Economy at a glance.Draft Plan document- selected topics.Business newspapers, selected epw articles etc.Extra Reference:Macroeconomics – H L Ahuja.Modern Microeconomics – Koutsoyiannis A H. L. Ahuja.Modern Microeconomics – Kalyanjit Roy Choudhury.Monetary Economics – S B Gupta.International Economics – M. L. Jhingan.Statistical Methods – S P Gupta.Dictionary of Economics – Ghaham Bannock; T.E. Baxter, Ray Rees (Penguin).Economics – Paul A. Samuelson (Read Relevant Chapters*).An Introduction to Economics – A.W. Stonier and D.C. Hauge.