@eigenrobot @acczibit ? Not sure, who else is knowledgable about ithttps://twitter.com/chronovision3/status/1300582473882120193?s=20 …
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all books about economics are bad :D what do you want to get out of it, roughly?
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Replying to @eigenrobot @acczibit
Just to understand what the hell everyone is talking about, I suppose. In general what all the important terms mean, how they are related to one another and what the causal relationships can be (I suppose the last one is the reason for all quarreling?)
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Reasons for inflations, recessions, high unemployment etc, and what measures are usually taken against them? Or, the apparently really obvious stuff that, the real basics like: What influences the GDP, why does it always need to grow etc?
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Why do some countries fail while others enjoy great comforts? Or to get to the root, I couldn't even remotely explain why some countries do better than others, it seems natural to me that everything just works, you know?
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Example: If many people are unemployed, why don't firms just offer more job positions? I know that this is obviously dumb, but I also couldn't even begin to explain why they can't do this, because there seem to be so many factors,
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economists don't understand this either or rather we have way too many explanations and no idea which applies at any given point in time :( so at least don't feel bad about not knowing that!
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Replying to @eigenrobot @acczibit
I see :( I really just need something that gives me a basic understanding of what is generally talked about, and I don't want to acquire that through Wikipedia and YouTube videos, I think any normal textbook will do for that purpose I guess?
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Yeah! Honestly an introductory macro book is probably fine The main thing to beware of is that all of the models they use in intro books are pretty much defunct and just presented as teaching exercises rather than "this is what modern macro people actually believe"
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but the core concepts around inflation, gdp measurement, and so on are usually presented . . . reasonably well they're ugly as hell in practice and I'm skeptical of some of them but it's a good start :)
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Dear
@eigenrobot, Thoughts on Basic Economics by Thomas Sowell? It's probably the least grating book on the topic I've read, but I digress. Sincerley, - Some dude jumping in who should've been chased away with a broom while yelling1 reply 0 retweets 1 like -
hahahaha No it's fine! Sadly I have no idea I haven't read it :)
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