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Do you have any advice on where to read up on this sort of thing? I’ve always been interested but never acted upon it. Now seems like a good time to understand

Do you have any advice on where to read up on this sort of thing? I’ve always been interested but never acted upon it. Now seems like a good time to understand more about how our world actually works in terms of the economy

FiberBundle 7y ago
Take a look at the Economics & Finance videos on Khan Academy [1]. I have only watched some of them, but those I watched were good. You could read some standard macroeconomics textbooks, but I'd advise against doing that, since they are expensive and unnecessarily formalized using elementary math, which doesn't really add anything to the material itself. There's however a good book on monetary economics by Mishkin called Economics of Money, Banking and Financial Markets, which is really good, but the Khan Academy videos on banking mostly cover the same material. Personally I've learned a lot from reading economic history. Some books I can recommend are: Eichengreen - Globalizing Capital: A History of the International Monetary System Frieden - Global Capitalism: Its Fall and Rise in the Twentieth Century Soros - Alchemy of Finance (skip the first couple of chapters on his reflexivity theory, but the 'diary' chapters are a gold mine) Ferguson - The Ascent of Money (probably a good book to start, the others might be harder to completely grasp for a beginner) Some other good book I can recommend (not history books) are: The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities by Baumohl Inside the House of Money by Drobny (mostly about global macro trading, but you would learn a lot about economics along the way, would only recommend this after having built up some basic knowledge though) Most importantly you should start reading the Economist, which has really high quality economics and finance articles, but is released only weekly and offers a good trade off with regards to time commitment and knowledge about what's going on in the world. Note that you will probably need to know some basics in order to understand everything, but you can look up things along the way. Economics really isn't hard to learn if you have a technical background. [1] https://www.youtube.com/user/khanacademy/playlists?view=50&sort=dd&shelf_id=11https://www.youtube.com/user/khanacademy/playlists?view=50&sort=dd&shelf_id=11 https://www.youtube.com/user/khanacademy/playlists?view=50&s...

FiberBundle 7y ago

Take a look at the Economics & Finance videos on Khan Academy [1]. I have only watched some of them, but those I watched were good. You could read some standard macroeconomics textbooks, but I'd advise against doing that, since they are expensive and unnecessarily formalized using elementary math, which doesn't really add anything to the material itself. There's however a good book on monetary economics by Mishkin called Economics of Money, Banking and Financial Markets, which is really good, but the Khan Academy videos on banking mostly cover the same material. Personally I've learned a lot from reading economic history. Some books I can recommend are: Eichengreen - Globalizing Capital: A History of the International Monetary System Frieden - Global Capitalism: Its Fall and Rise in the Twentieth Century Soros - Alchemy of Finance (skip the first couple of chapters on his reflexivity theory, but the 'diary' chapters are a gold mine) Ferguson - The Ascent of Money (probably a good book to start, the others might be harder to completely grasp for a beginner) Some other good book I can recommend (not history books) are: The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities by Baumohl Inside the House of Money by Drobny (mostly about global macro trading, but you would learn a lot about economics along the way, would only recommend this after having built up some basic knowledge though) Most importantly you should start reading the Economist, which has really high quality economics and finance articles, but is released only weekly and offers a good trade off with regards to time commitment and knowledge about what's going on in the world. Note that you will probably need to know some basics in order to understand everything, but you can look up things along the way. Economics really isn't hard to learn if you have a technical background. [1] https://www.youtube.com/user/khanacademy/playlists?view=50&sort=dd&shelf_id=11https://www.youtube.com/user/khanacademy/playlists?view=50&sort=dd&shelf_id=11 https://www.youtube.com/user/khanacademy/playlists?view=50&s...