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My favorite economic monograph of all time is from Friedrich von Hayek: http://www.econlib.org/library/Essays/hykKnw1.html http://www.econlib.org/library/Essay
by Prrometheus 19y ago
My favorite economic monograph of all time is from Friedrich von Hayek:
http://www.econlib.org/library/Essays/hykKnw1.html http://www.econlib.org/library/Essays/hykKnw1.html
He describes how a market economy, though the price mechanism, utilizes distributed, localized data to effect the distribution of resources. It's hard to comprehend the unconscious and intricate processes of the market.
For lighter, more modern fair, I have always enjoyed the works of Steven Landsburg. From the trivial, such as why we walk up stairs but not escalators:
http://www.slate.com/id/2070182 http://www.slate.com/id/2070182
To the profound, such as how to grow cars in Iowa:
http://faculty.tamu-commerce.edu/dfunderburk/428/readings/The%20Iowa%20Car%20Crop.htm http://faculty.tamu-commerce.edu/dfunderburk/428/readings/Th...
Empirical economics (what perhaps you mean by "scientific") is also fun and illuminating. The author of "Freakonomics", Steven Levitt, is enduringly popular nowadays. His work tends towards the empirical:
http://freakonomics.blogs.nytimes.com/ http://freakonomics.blogs.nytimes.com/
I've always been a big fan of Cowen and Tabarok:
http://www.marginalrevolution.com/ http://www.marginalrevolution.com/
In college I studied the economics of environmentalism, which is essential to understand what approaches to helping the environment are likely to work or not (incentives matter!). I also studied the economics of law. Sorry, no quick fun links!
There is so much great economics out there, and so little life. Right now I am studying monetary policy. It's dense and dry, but also very controversial and unsettled, which makes it exciting.
- sspencer 19y ago"...such as why we walk up stairs but not escalators: " I actually walk up escalators. I have never seen anyone else do this, and I always wondered why. You get to the top even faster!
- hhm 19y agoI do it too. I've seen many people do that... I guess that depends on the hurry (in my case, it depends on how much it bores me to stay still at the escalator).
- run4yourlives 19y agoYou've never seen anyone do it? Check out a subway escalator at rush hour... in any city in the world.
- wallflower 19y agoI remember super long escalators with signs posted coming out of some of the catacombs of the Tube in London. A quick flickr search (for stand right/[walk left]) shows a lone woman on the ascending escalator walking.. http://tinyurl.com/2f4nta http://tinyurl.com/2f4nta