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Economics is a field that is going to require studying and reading. However, we’ve picked out the expert authors who can condense content into an accessible and easily digestible format for beginners.
So if you’re the more practical type who wants to just get stuck in, any one of these books will give you a sufficient base of understanding to get you started!
You Are A Badass at Making Money by Jen Sincero is a great book for people beginning to learn about the world of economics. This book gives an intro onto the type of perspective and mindset you should take when looking at money and economic issues. It also teaches you ways to think about money and your life so that you attract more into it.
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This is my personal favorite since it has everything to do with my industry and business. Valuable insights into the elements, history and gradual formation that make import and export so valuable in todays global trade. This is an easy read that doesn’t require a great deal of background on the topic. Highly recommend for supply chain experts.
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Lots of exploration and informative modern day theories on economics. Shines a light on unknown experts in addition to renown economists all contributing to providing solutions and guidelines to wealth and economic relevant social issues.
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This book explains the basic principles of today’s economics and explains how one should think about business and accumulate assets in order to escape the mice race everyone around us is participating at. It’s written in a language anyone can understand and adds a lot of analogies and psychology principles that help the readers re-wire their brains to understand the author.
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The World is Flat explains the history of globalization. This is a fundamental part of understanding today’s economic landscape.
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This book provides an interesting and easy-to-understand foundation in economics. It doesn’t skip over “big ideas,” but rather covers them thoroughly in a way that’s easy to follow even if you have no background in economics. It’s an interesting and surprisingly intriguing book. You might actually enjoy it.
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This comprehensive book (approximately 700 pages cover-to-cover) was written for ordinary voters (and future voters) who want to understand how our economic world operates, but don’t want to deal with dense economic jargon nor impenetrable mathematics. Dr. Sowell has authored dozens of books and hundreds of short articles that were published in the popular press; and he is a Senior Fellow of the Hoover Institution at Stanford University.
While this book appears to be quite long, many of the chapters are on specialized topics that casual readers may choose to skip. For a great many folks, simply reading chapters 1 through 11, plus chapters 16 and 21 (a total of roughly 275 pages) will provide readers with an excellent, jargon-free overview of basic economics.
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Taleb, a former trader, understands the very basics of human nature and, as it turns out, of economics. He puts his main focus on the fact that time after time, people fall into the trap of excessive self-confidence, thinking that they know about the world more than they actually do. According to Taleb, we constantly pay attention to unimportant actions, giving them significance, while underestimating the likelihood of large ones, the so-called ‘black swans,’ random events that determine our lives.
As a result, we are unprepared for the really denoting social and economic circumstances that matter in the retrospect. Yes, it’s not your usual book on economics, but it’s one of the few that actually explains how it all works.
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Regardless of economics school, the scientists were grounding their theories on an assumption of rational behavior. The economics Nobel prize winner, Richard Thaler, demonstrates a lot of real-life situations when human nature outweighs rationality. Behavioral science is often more useful in making economic forecasts than classical economics.
For example, people tend to avoid losses by far more than trying to acquire something they do not possess. It’s an excellent book for beginners in economics as it challenges the classical theories, adding psychology to the mix. The book is elementary to digest and does not require any specific background from the reader.
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It’s hard to explain the modern economy peaks and crisis with the frameworks of neoclassical economics theories. The book offers an outlook on the alternative economics theories, which will add up to a better understanding of economics students. The book touches well-grounded schools of thought like Post Keynesians and Marxists. It also sheds light on a less familiar direction like ecological economics or complexity economics. The later puts focus on the way individuals create financial chaos. The book will be very useful for beginners in economics as it gives a thorough overview of the promising theories without going into too much details.
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