Introduction to Economics
If you wish to gain a better understanding of the world around you, I recommend reading the following books. These will give you a better understanding than three semesters of economics undergrad at a university for a much lower price. And these aren’t just about understanding finance — you will better understand life and how we all get along.
- The Price of Everything by Russell Roberts (Here’s some good study questions for this book used by one econ professor).
- Basic Economics: The Citizens Guide to the Economy by Thomas Sowell
- Applied Economics: Thinking Beyond Stage One by Thomas Sowell
- The Undercover Economist by Tim Harford
Learn Something About Economics and Philosophy
Theory of Moral Sentiments by Adam Smith – There’s no need to read the book, which is a challenge. You can get the gist while jogging on the treadmill or riding the stationary and listening to these EconTalk podcasts from Russell Roberts and Daniel Klein:
Klein on The Theory of Moral Sentiments, Episode 1–An Overview
Klein on The Theory of Moral Sentiments, Episode 2–A Discussion of Part I
Klein on The Theory of Moral Sentiments, Episode 3–A Discussion of Part II
Klein on The Theory of Moral Sentiments, Episode 4–A Discussion of Part III
More to come…