What books do you recommend for economics?

[justdimin]

I just want to ask you all what books do you read for economics?

Peter Lynch "Beating the street" really changed my view in the world. In fact I could say that it could be one of the main reasons why I got into crypto as well. It is not just simply a book about how to invest, but more about how you should aim at getting richer faster than others do in the general market. If the economy grows at 2% and you got richer 1% then you did not get richer, you got poor. This idea could be sounding like a common sense thing, but not many people focus on that.

In high inflation nations of the world, there are people who get 5-10% increase in salary, and yet the inflation is so high that they are actually getting poorer every single year and getting a worse life because of it. So, learning how to beat the market and get richer is a very important idea and he talks about how he approached the market to achieve this as well.

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[magnum1010]

I just want to ask you all what books do you read for economics?

I have read a lot of books on economics and I want to recommend you "The richest man in Babylon" and "Rich dad poor dad". They will definitely increase the level of your financial literacy as they give a lot of advice on how to save and then multiply money.
 If you want to read something about crypto I can recommend you the book called "How to DEFI" if you are interested in decentralised projects.

[The Sceptical Chymist]

Agree in general, but please, do not read or believe anything about real state on any of kyosaky's books. He is just heating up and hyping on that.

Yep, he and a few others (like Peter Schiff) are exactly that, hype-sters, financial wannabe gurus who probably made a lot of money early on in their careers but who are now in the business of obtaining a following and getting publicity.  Schiff is a notorious permabull on gold/silver, which is an absolutely insane position to take.  Mike Maloney is another one of them, and guess what?  He's trying to sell you gold and silver with all of the same ridiculous arguments that have been made for the last few decades.

I've already made some recommendations for reading, and none of them are from any kind of financial self-help idiots.  And again, if you really want to learn some basic economics, either take a course in it or grab a used textbook from Amazon or wherever and start reading.  One of my favorite classes in university was corporate finance, and it was basically all about the stock market.  I found it fascinating, and the textbook we had was awesome--I just forgot who wrote it, else I'd recommend it in a heartbeat.

[Tumanggor]

in college, I majored in economics in my country

although I am not a gifted student but i like to read and the books “Economics in One Lesson” by henry hazzlit and “Think, Fast and Slow” by daniel kahneman are my favorite

[Rufsilf]

I just want to ask you all what books do you read for economics?

I for one doesn't invest in books or read books physically because it's so quite expensive these days either in local bookstore or buy the books online. I usually search and read it in google or watch it in Youtube because it's usually free and no charge. It's the advantage of the internet nowadays so why not take advantage of it. 

But if you're looking for some physical books for you to read about economics, I can recommend some that I found on the internet if you need. Happy to help!

https://www.investopedia.com/best-economics-books-5186983

[Snappycoco]

I just want to ask you all what books do you read for economics?

I for one doesn't invest in books or read books physically because it's so quite expensive these days either in local bookstore or buy the books online. I usually search and read it in google or watch it in Youtube because it's usually free and no charge. It's the advantage of the internet nowadays so why not take advantage of it. 

But if you're looking for some physical books for you to read about economics, I can recommend some that I found on the internet if you need. Happy to help!

https://www.investopedia.com/best-economics-books-5186983

Yeah same with me. There's lots of books I want to buy yet some of it are very expensive. Luckily, lots of websites offers free pdf's that contains knowledge about economics, trading and general crypto knowledge. Lots of readily available crypto content are also in youtube but I don't see it as 100% reliable. I also find this forum helpful specially reading some of experienced member replies.

[tygeade]

I just want to ask you all what books do you read for economics?

I for one doesn't invest in books or read books physically because it's so quite expensive these days either in local bookstore or buy the books online. I usually search and read it in google or watch it in Youtube because it's usually free and no charge. It's the advantage of the internet nowadays so why not take advantage of it. 

But if you're looking for some physical books for you to read about economics, I can recommend some that I found on the internet if you need. Happy to help!

https://www.investopedia.com/best-economics-books-5186983

That kind of makes sense. Most major publishers turned to ebooks as well. That way they have literally zero cost, they just email you a PDF and you read that, which means there is pure profits for them and less price for you, since they do not have a cost, they also sell it for cheaper and you can buy it and start reading quicker.

However some people still prefer reading the book itself, I guess it is something that people got used to, a kindle would do exactly the same job and it is the same book so I have no idea why they are not getting one kindle and then save 50%+ on each book, but I guess it is just getting used to something and having trouble switching to the new tech.

But I get you, I do the same, I do not even buy ebooks, I just read stuff online, all the things I want to learn is already out there and that means I could find it for free and a lot more compact than a whole book.

[Fortify]

I just want to ask you all what books do you read for economics?

There are a lot of good recommendations here already. I'm currently reading through "Wealth of Nations" right now which is commonly praised by Charlie Munger and Warren Buffett. I can see why as it really helps to break down economics into the fundamental building blocks and is a great starting point for anyone. Most of the books referenced by The_Pharmacist are also well worth a read and it's definitely a good idea to vary the author, Peter Lynch was able to put things into an understandable and down to earth manner - I recommend reading all of his books, but the first two finance books he wrote have to be the most interesting, he was a major league fund manager who performed very well for decades.

[paxmao]

Agree in general, but please, do not read or believe anything about real state on any of kyosaky's books. He is just heating up and hyping on that.

Yep, he and a few others (like Peter Schiff) are exactly that, hype-sters, financial wannabe gurus who probably made a lot of money early on in their careers but who are now in the business of obtaining a following and getting publicity.  Schiff is a notorious permabull on gold/silver, which is an absolutely insane position to take.  Mike Maloney is another one of them, and guess what?  He's trying to sell you gold and silver with all of the same ridiculous arguments that have been made for the last few decades.

I've already made some recommendations for reading, and none of them are from any kind of financial self-help idiots.  And again, if you really want to learn some basic economics, either take a course in it or grab a used textbook from Amazon or wherever and start reading.  One of my favorite classes in university was corporate finance, and it was basically all about the stock market.  I found it fascinating, and the textbook we had was awesome--I just forgot who wrote it, else I'd recommend it in a heartbeat.

I was not aware of those other, but glad to know. Going into a bit more of detail, real state is a business that has the same foundation that any other: it works when you buy cheap and sell expensive and is better the faster you can do that.. The main difference is that you usually can get plenty of bank money to play with and that is what Kiyosaki calls "good debt".

The problem is that the approach is simplistic. This is simply a leveraged buy and it is as good as the outcome: if good becomes great and if bad becomes awful. He simply ignores the fact that sometimes things go wrong, even buying property.

[magneto]

I just want to ask you all what books do you read for economics?

I'd suggest that you take a read of The Intelligent Investor.

It's one of the most influential books when it comes to personal finance. It'll make you really think about how much you know about the market and whether or not it is worth it to time the market (or maybe just admit that you won't ever time the market properly?).

The lessons imparted are especially relevant today with the crypto craze. I won't spoil it for you.

[Crypt0IslanD7]

Well if youre a Economics student like me i will highly offer you to start reading "Thinking,fast and slow " by Daniel Kahneman and Amos Tversky !
The persception introduced there just blew my mind with questions and when you start answering then you will know why i suggested it !
thanks