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Learning Economics Fast With These Explanatory Books

Figure out why the president says with ‘biggest economy numbers ever’ and how it all works.

Market is up, market is down. GDP is up, your paycheck stays the same. Those Florida pensioners’ entire 401k’s retirement plans are gone up in smoke. The latest Wall Street fat cat was busted shilling yet another pyramid scheme.

And you have not even the remotest idea of how is all of this connected. Don’t feel dumb in the slightest, many people feel the same, most of population in fact. But, doesn’t it make you feel like you are getting ripped off?

Time to put a stop to all that. Get informed on how this gigantic machine we call ‘economy’ works and how you can finally exert a little control over it and avoid it taking advantage of you for, potentially, all you’ve got. Get educated on the subject by reading the definitive books to learn economics from.

 

#1 Postcapitalism – a guide to our future by Paul Mason

Postcapitalism - a guide to our future by Paul Mason
Postcapitalism is a great guide for people looking to learn economics. It is a thought-provoking book that covers past, present, and future of extremely important economic theories and breaks them down into easily digestible chunks. Paul Mason’s analysis of the complete lack of accountability or understanding in economics for today’s most important economic developments, particularly how different the ‘marginal cost’ acts for many digital products, is astounding. Covering a myriad of left-wing and right-wing economic theories, Postcapitalism is a must-read for all wishing to understand economics.

Before buying a copy make sure to compare the price at various outlets:

Book Depository (International)Waterstones (International) Read more reviews and buy the book here

#2 Economics For Dummies, 3rd Edition by Sean Masaki Flynn

Economics For Dummies, 3rd Edition by Sean Masaki Flynn
This inexpensive, but somewhat lengthy paperback (roughly 430 pages cover-to-cover), is written by a fairly young economics professor who does a great job of simplifying the complicated jargon that often seems to make economics unfathomable. Dr. Flynn provides all the information that folks need to understand our rapidly evolving economy — as well as the basic principles of economics that never change. This easily digested book is a down-to-earth guide to help readers (high school age and above) understand how our world economy actually operates.

Before buying a copy make sure to compare the price at various outlets:

Book Depository (International)Waterstones (International) Read more reviews and buy the book here

#3 Thinking, Fast and Slow by Daniel Kahneman

Thinking, Fast and Slow by Daniel Kahneman
This award winning and best selling book is a must read to gain an insight into our reasoning, psychology and system behind our decision making. Kahneman argues how we can change our thinking and our lives. One of the key insights is how complex the human thought and decision making process is and that humans are not pure rationale agents but rather a complex of thoughtful and automatic reasoning which can be right or wrong.

This book has had a huge influence on my life and it has shown me that it is only be seeing ourselves as we truly are can we then carry out the task of governing ourselves and then our world.

Before buying a copy make sure to compare the price at various outlets:

Book Depository (International)Waterstones (International) Read more reviews and buy the book here

#4 The Undercover Economist by Tim Harford

The Undercover Economist by Tim Harford
The most entertaining and educational book on economics ever written – Tim Harford helps us mere mortals put the puzzle of economics in perspective and show us why it is so difficult to run an economy. Great examples of farmers and coffee shops and how to outwit Starbucks. How do big chains and corporations’ price their products and why? To take advantage of your psychology. All is revealed, don’t miss this one. A classic for young adults and older folks alike, and the perfect book to introduce you to economics.

Before buying a copy make sure to compare the price at various outlets:

Book Depository (International)Waterstones (International) Read more reviews and buy the book here

#5 The New School of Economics by Philip Allan

The New School of Economics by Philip Allan
This book explains the near future of economic policy, describing an emerging new movement in the field that is quickly expanding in popularity.

Before buying a copy make sure to compare the price at various outlets:

Book Depository (International)Waterstones (International) Read more reviews and buy the book here

Contributors to this article
John Munn from Global Digital Week

Timothy Wiedman from Doane University

Patricia Russell from FinanceMarvel

Barry D. Moore from GreatWorkLife

Philip Allan from 

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