Popular Economics Books Tier List
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- เผยแพร่เมื่อ 3 ก.ค. 2024
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What are the best economics books? If you're a beginner looking to learn economics, then books can be your best resource. I rank the most popular economics books in my tier list. #economics
*Books Covered*
00:00 The Best Way to Learn Economics
01:30 Behavioral Economics Books
--Predictably Irrational
--Nudge
--Thinking Fast and Slow
05:20 Marxist Economics Books
--Capital in the 21st Century
--The Deficit Myth
08:18 General Economics Books
--Naked Economics
--The Undercover Economist
--The Cartoon Introduction to Economics
--SuperFreakonomics
--Freakonomics
14:40 Development Economics Books
--Why Nations Fail
--Poor Economics
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I second this
Agreed! Would love to get your take on MMT, Austrian school, etc!
I love your videos man. Thank you for all your work.
I think a great future video topic would be looking at sources for keeping up on what's going on in the world of Economics. Both unreviewed/less technical stuff (like blogs, reddit, forums, podcasts, etc) and for peer-reviewed research. I'd also be interested in any tips you might have for accessing peer-reviewed papers for those of us who have graduated and don't have a library that provides access to various journals.
Really nice video, so many different books to chose from!
If you want a very introductory book on economics, I'd recommend Naked Economics and Naked Money. We used Naked Economics in my high school economics class and it really helped me fall in love with economics.
Hey there, im an accounting student. By reading naked economics, do you think i can understand the content of the book without having any basic in economics ??but i did learned economics as my extra subject in high school. Or should i learn micro/macro first before reading any economics book?
@@megathaziq8596 that book is like the most basic of economics, if u can read and write u can understand ir, besides if u are an accountant u should try something more advanced like mankiw for macro and pindyck rubinfield or varian or Nicholson snyder for micro
Yes. Please make the Freakonomics 16 years later video. It would be awesome to hear about strong claims in research and how they can go wrong over time.
Thank you for your videos!
🎯 Key Takeaways for quick navigation:
00:14 📚 The video discusses popular economics books and categorizes them into four groups: behavioral economics, heterodox economics, general economics, and development economics.
01:28 📖 "Predictably Irrational" by Dan Ariely is a book in behavioral economics. It's a good read, but the reviewer gave it a "D" rating, suggesting it may not be the best choice.
03:09 📚 "Nudge" is a well-known book about behavioral economics and the idea of guiding people's behavior without force. It's rated "B" by the reviewer.
03:53 📘 "Thinking, Fast and Slow" by Daniel Kahneman is an essential book in behavioral economics, offering insights into decision-making and cognitive biases. The reviewer rates it as "S" (top tier).
07:08 📈 "Capital in the 21st Century" by Thomas Piketty focuses on economic inequality and has been influential but is a dense and serious read, rated "C" by the reviewer.
07:48LExKxpijcpg&t=468s) 💰 "The Deficit Myth" by Stephanie Kelton discusses modern monetary theory (MMT), and the reviewer is in the process of reading it but has concerns about its content.
08:58 📕 "Naked Economics" and "Undercover Economist" are both general economics books. "Naked Economics" provides more economic principles, while "Undercover Economist" is more story-driven. Both are rated "B" by the reviewer.
11:34 📚 "Freakonomics" is praised for introducing people to the type of work economists do, and it's rated as an "A" by the reviewer. "Super Freakonomics" is criticized for trying too hard to be edgy and is not as highly regarded.
14:51 🌏 "Why Nations Fail" by Daron Acemoglu and James Robinson delves into the role of institutions and their impact on a country's success, and the reviewer gives it an "A" rating.
16:29 🌱 "Poor Economics" by Abhijit Banerjee and Esther Duflo focuses on micro-level development economics and how to help poor families in developing countries. It's rated "S" by the reviewer.
Saying Heterodox Economics is merely inspired by Marxist is kind of reductionist. What about the Austrian, Post-Keynesian, Institutional, Anarcho, etc. schools of economics? Mainstream economics isn't just economics "that is not Marxist".
Additionally, I don't feel you can accurately claim that Piketty is a Marxist economist.
Marxism is when no neoliberal capitalism.
i fully agree, i feel like he kind of nullifies Marxism because his parents told him it was a bad this so he shits on it a lot along with disingenuously representing Marxism.
@@yazeedmasri8622 no it’s cause Marxism is stupid.
@@jake______ neoliberalism is based
@@raaaaaaaaaam496 based in unrealistic assumptions hayooooo
I'd love for you to review changes in pop-economics in general. Please make a video on what doesn't hold up well for Freakonomics, WNF, Thinking Fast and Slow!
What is wnf?
@@perseusvlasov367 why nations fail
The Origin of Wealth by Eric D. Beinhocker
A nice way to expose someone to economic history/wealth creation, complexity economics/evolutionary economics, networks, and game theory computer models. Quite a wide-ranging read in economics.
Many thanks for this video! Also, Nudge is going to receive a Final Edition in ~August. Could you make a review of that book when it comes out and compare it with the now "older" version?
I love ur channel dude, dont stop ever
You are the most underrated TH-camr
I did my undergrad at a behavioral econ school and am currently doing my thesis in behavioral econ. Kahneman is definitely one of my favs. Id also suggest anything by Gary Becker to anyone interested in the subject. In terms of other books, id put Economical Writing by Deirdre McCloskey and Mastering Metrics by Angrist and Pischke high up there as must reads.
Do you by any chance take experiment economics classes along with your behavioural economics classes, nowadays, it seems to be a trend, ‘behavioural and experimental economics’, maybe you could pitch in your thoughts about that I'll find it really helpful.
Ah yes, Gary Becker, the man who once claimed that "an efficient division of labor is perfectly compatible with exploitation of women by men."
@@neochatterbox516 I'm sick of these academics ruining our lives.
What about Thomas Sowell and his Basic Economics. Absolutely essential
Just finished my Econ undergrad. You're a champ!
"Basic Economics" by Thomas Sowell was my first Economics book. It taught me SO much! Recently, I enjoyed by "Good Economics for Hard Times" Abhijit Banerjee and Ester Duflo.
Same! It was a great book
Thanks for the information.
Same here. I read the book twice. Sadly, my opinion on the man had changed over the years, given how hard he’d leaned on the message that black people really need to stop complaining and have no one but themselves to blame. This message really resonates with white conservatives and encourages apathy on their part
@@user-mi5xq8zj7uI read all of Sowells books. He's telling black people to stop blaming white people and get their act together. He thinks people who say otherwise are enabling their behavior and will never get better.
I'm not a white conservative. I'm a Libertarian. But he's factually correct
@@bane3991 yeah but I think he went too far. There’s a difference between recognizing and fighting against learned helplessness and denying that there’s a problem at all. As an economists, it’s disingenuous to omit information that clearly goes against your core argument and pretend the situation is easy and simple
Please do the video on Freakonomics! I'd love to see what you have to say about it.
Any books on economic history (either by historians or economists)? I have been reading Time on the Cross and so far it is fascinating and shocking.
I feel like I made more decisions about economics from reading history and political books
Any good historical economics books for a read.
Capital In the 21st centruy has to be higher then C just for the sheer magnitude of data involved in writing. Personal bais aside its an impressive peice of work.
Quality over quantity
Please make a video about Freakanomics then and now. All the news lately about reversing Row v Wade always makes me think about this book.
In regards to Heterodox Economics, I have seen you mention Marxism in this video and priors.
Would it be possible to hear your take on the Austrian School overall? Menger, Mises, Hayek, Etc..
I read the cartoon book in my first Micro class, and it was an excellent introduction, and it’s a pretty quick read!
If I may recommend a book, and author, that most people have never heard of who very muched challenged me: Ethics and the National Economy, Heinrich Pesch
Additionally, the translator for this novel (and most of Pesch's work) Rupert Ederer has an amazing book on monetary theory: The Evolution of Money
I'd also like to see your take on books by economist foundational to current Western thought such as Schumpeter, Hayek, Becker.
I'm more interested into macroeconomics, money n banking, etc. Can you suggest any books that related to my interests?
Nice . Will you please make video on books on maths for economists .
I’ve only taken high school economics so far but after one year of Macro and Micro I decided to pursue it in college. Someone recommended Basic Economics by Thomas Sowell and I’ve enjoyed it so far. Where would you rank that book?
Hey gibson, im an accounting student.. do you think i should read/learn micro or macro before i can read all these economics books? Or i could just straight away read any economic book? Btw i did take economics during high school tho
Recommend Economics books to know the stock market please
Added a couple of these to my to read list thanks.
Freakonomics would be better on a fiction list.
Would you do a video on what finance/economies have become? We still don't have a name for printing money and total faith in numbers on screens, inflating currencies but also inflating the amount of products to spend on to match each other etc.
Good Job man! I left school for 5 year now I want to go back for my master's degree what is the best books to bring memory back
How about 23 things they don't tell you about capitalism by Ha Joon Chang for development econ?
This
Which ones are the best suited for self-studying Economics please
First-time viewer to your channel--immediately liked and subscribed and am now proceeding to binge-watch. Commenting to spite Big Brother Google's repressive thought-police algorithm filters =D Keep up the tempo!!!
Do you have any book recommendations on Neo-Ricardian economics for folks who are beginners or just only have taken economics in high school?
Yes, please maske the video on Freakonomics. Perhaps you could do the same for Thinking, Fast and Slow :)
Oh man, I needed this. Have you read Adaptive Markets by Andrew Lo? I enjoyed it.
What are the best economics books to study in first and second semester?
Have you done the Mystery of Capital? I enjoyed that one and finally figured out who this de Soto guy was (I kept thinking people were referencing the explorer).
What's your opnion on Amartya Sen's Developmento as Freedom? I just bouth it and want to start reading this week
I am a working adult studying Econs on my own. Do u have 1 or more textbooks u can reccomend?
I am reading GDP A Brief but Affectionate History by Diane Coyle. I am enjoying it. Have you read this book?
Speaking of comic books for your son, I think either the Treasury or the Fed used to make comic books on economics. My dad got them for me when I was in 3rd grade and they were great. Dont know if they still make em.
Is this what you're talking about? www.newyorkfed.org/outreach-and-education/comic-books
@@MarketPowerYT Haha that's it! Those were great introductions from what I remember.
What are your opinions on the Austrian school of economics?
How would you rate basic economics by Thomas Sowell
What's your favorite economics book?
Its not fully about economics, but "The prosperity paradox" by Clayton Christensen
That was one of my very first videos! th-cam.com/video/rV3AqyVP4s0/w-d-xo.html
"Nobody Knows How to Make a Pizza" - Julie Borowski
'Economics in one lesson' Henry Hazlitt. it's a book that mainly focuses on 'The Broken-Window Fallacy'
The Worldly Philosophers
Sowell's Basic economics?
i am here to learn economics to apply in stock picking
and investing for long term
Best economics textbooks could be very useful!
I would recommend textbooks first before someone reads the popular books. that way they have theories in mind
Mark Skousen Economic Logic is an excellent textbook for economics. Highly recommend it.
hello, you've great content. Can you help me find some courses as an add-up in major in econ?
Any thoughts on The Black Swan by Nassim?
What about "32 things they don't tell you about capitalism"? I mean, some points there...they are extremely radical but also...some of the ideas are great
I just do not know how to feel about this book
Can you review or comment on “The Economist’s View of the World”. I’ve heard people call it outdated but a professor that I’m interested doing research with gave it to me to read.
Wish you would look at a few works by Thomes Sowell
I need to know the best materials on applied economics
How can get Naked Economics, Why Nations Fail, and poor Economics in preparation for my master's degree in developmental Economics . Thanks
My first Economícs books was Introducti to economics
S Tier: Introductory Econometrics: A modern Approach
Two books you should consider adding to you list: 1) "Macroeconomics" (2019) by Mitchell, Wray and Watts and 2) "The 7 Deadly Innocent Frauds of Economic Policy" by Warren Mosler which is also available for free as a pdf. The first one is a comprehensive macroeconomics textbook (hence the title ^^) covering everything from history of monetary systems to the inner workings of modern fiat money systems, different competing models in mainstream and heterodox economics and recent crisis analysis. The second one is a pretty small book that debunks some major myths about economic policy. Both are a must-read.
Shouldn't Milton Freidman's free to choose be a book on the Chicago school of economics - laissez faire policies and all ? It was an absolute eye opener to me on why tweaking things in the economy is a very bad idea.
Also, if someone wanted to upgrade their skills to say a phD level (without getting into a program) in Economics - what are the primer, intermediate and advanced books you would recommend ?
George Reisman's book Capitalism: A Treatise on Economics 🙂.
'Trillion dollar economists '
A pretty solid book on the way Economists influence policy and decisions
What is the e reader you were using?
reMarkable 2. I love it.
What r the meaning of tiers??
The Cartoon Economics book is another choice help me to get it
what about Thomas Sowell Basic Economics
Any thoughts on doughnut economics by Kate Raworth?
I was so excited to read it but then I did and I didn’t like it at all. It was very basic and doesn’t include many economic concepts who would expect. I recommend you just look up a summary of it to be honest.
What about Applied Economics by Thomas Sowell?
any Austrian economics books suggest？
What is an RCT?
DEVELOPMENT ECONOMICS and Environmental Economics which is better to be study in Masters as a
Great !
Isn‘t Piketty a post-keynesian
Yesss do a freakonomics 16 years later
Props for the respect you gave Poor Economics and Thinking Fast and Slow! I just wondered if you have come across Why Gender Matters in Economics BY Mukesh Eswaran?
Yoooooooo where's the Thomas Sowell??????
The Great Wave, Price Revolutions
I'd love to know your thoughts on a fairly aged book: transforming traditional agriculture by Schultz
I think Basic Economics from Sowell Thomas is good for beginners.
You should cover Basic Economics by Sowell and Economics in One Lesson by Hazlitt!
this
Why are you labeling Post Keynesian books as Marxist literature?
I seen videos of people using Sociology and the sociological imagination to male links between the state of the world, its problems, and possible solutions all through a more comprehensive historical approach.
Capitalism and Freedom
Basic Economics (Sowell)
Thomas Piketty a marxist? What?
Literally neither Capital nor Deficit Myth are Marxist Literature. Heterodox would have been a much more accurate descriptor
Everyone know that the best economic's book is "Basic laws of human stupidity" by Cipolla
Thomas Sowell claims Thomas Piketty's Capital has a lot misinformation in it.
I learned all I need to know about "inequality" reading sowell's "discrimination and disparities" to be honest.
Is there any difference in the courses BA in Economics and Bcom Econ
See if the first minute of this video helps you: th-cam.com/video/ZPE6EFzEVCA/w-d-xo.html
Seeing you drop "The Deficit Myth" under F was way too satisfying.
Even though I disagree with most of what Kelton claimed in the book it was still well written and an essential read to understanding MMT which is undeniably becoming more popular and mainstream. So the F rating felt a bit weird.
@@bobmarleyno.1467 It's an essential for understanding our current political economy but a poor place to look for good economic reasoning and methodology (which I believe is what was being ranked here). I'd recommend it for the same reason I recommend people read Marx.
@@yanntanguay8498 Even if you and I don't accept that MMT accurately describes the economy, there were some really good points for normal Keynesians relating to the deficit. As Paul Krugman said most of MMT's main points are essentially normal Keynesianism rebranded. Mostly the points relating to the deficit under a fiat system. Now while I disagree that we could keep stacking debt up even in a boom I nevertheless believe that the book gives some pretty good mainstream points as to why running large deficits doesn't destroy the economy. Those good points and the fact that the book was just well written, essential for the political climate, and easy to understand the F just seems unjustified.
You have missed a great book “Basic Economics” by Thomas Sowell
My recomendation is misbehaving by Richard Thaler.
A lot of people like that one!
You ought to read "Debt: the First 5000 Years," so you can understand how out of touch with reality economists are.
Piketty and Kelton are Marxists?! They are left of center but not Marxists. Respectfully, you don’t know much about Marxian economics and aren’t qualified to judge this school of thought if you consider these books Marxist. I’m not a Marxist, but I have studied it as I have recently become interested in heterodox economics, such as Austrian and Post-Keynesian. I recommend Marxian economics: An Introduction, by David Ruccio, to genuinely try to understand this economic school of thought.
Mostly mainstream propaganda.
If you really want to know what makes you tick, read 'The Emotion Code' by Dr Brad Nelson.
I'm shocked...shocked I tell you that a conservative economist BYU alum in Utah (of all places!) who calls his channel 'market power' doesn't hold Piketty's book in higher esteem or put's Kelton's "Deficit Myth" at the bottom of the pile. Shocked. 😉
Austrian economics is S Tier. You know it, i know it, we all know it.
The difference between a Marxist and an Economist is that the Marxist has never fully read any of their favorite books, while the economist has finished all of their least favorite books.