I got a D+ in econ 101, but it was at an ivy league university, so I probably know more than you about economic things.
Robert Collins
I don't remember, it's very easy to find on torrent.
I've found a tablet and some right wing books is like having intelectual sex.
It's not about e-dick contest, it's about it should be mandatory on school. most people have no clue and basic economics demolish left shit better than nothing.
microfoundations tell you nothing about the macro economy
emergent properties are real
Cameron Nguyen
Donated a copy of that to a local school. Also have the audio book, good stuff.
Kayden Morgan
>author pic related
Sup Forums won't like this book desu
Cooper Edwards
>implying sowell isn't based kys clowntent
Noah Wright
I think basic economics in school will make political propaganda impossible.
just like biology made creationism everywhere (except in retarded nations like usa).
how new. pol loves him because he tells niggers they're garbage.
Landon Gonzalez
They made us take an economics class back in high school, but the whole thing was just "THE FED IS GOOD"
Grayson Baker
Lmao that book doesn't even mention elasticity what the fuck hahahahahaha it's a good start but if you consider yourself informed, you're only lying to yourself.
Jayden Butler
Don't underestimate the power of the average retard.
Levi Clark
Wut economics is the biggest propaganda. Just look at libs and dems argue endlessly over the economy Economics isnt a real science cos you cannot prove anything
Jacob Barnes
Economics is based off a lot of assumptions that all things are equal.
In fact they're not because niggers are too stupid as a group to into economics.
Justin Jones
polticians don't know much about economics and are retarded.
better to know the basics than believe and fall into propaganda.
Jaxson Davis
Any rational person believes in the benefits of Free Market Capitalism. Even if you agree with government intervention in the economy to a certain degree, it's impossible to deny how fantastic the private sector is.
Nicholas Parker
There's a rar of the books from this chart on mega, search the /biz/ archive you'll find it
Charles Garcia
economist here something that u dont learn is that money doesnt have to be scarce at all. its just an instrument to make the rich richer (interest)
Evan Edwards
What's Sup Forums's opinion on Keynesian Economics?
Jonathan Parker
>I think basic economics in school will make political propaganda impossible
I had this subject in the 9th grade. The problem is that I barely gave a fuck about that. Only remember that supply n' demand graph. Damn, there were many things taught that now seem interesting to me, such as ethics or basics of political science.
Carson Nguyen
It's not that bad honestly. Probably better than monetarist scum.
Ian Wood
(((Jared)))
Jason Carter
Nobody really understands economics, its just guessing and theory
Caleb Barnes
Sup Forums loves Uncle Tom though.
Brandon Sanchez
it's based on human psychology. I'm sure the fundamentals are well undestood.
things like more money implies inflation are well understood. things like price controls make shortages also also understood.
if you mean someone can predit the markets and become rich, then no.
Robert Hughes
I only found a torrent for the fourth edition. The copy I bought for like 12$ was the fifth edition with new chapters on economic discrepancies between nations.
Jaxon Baker
Can you remember what the thread was about, mate?
John Cooper
Here is the ultimate redpill
economics are not economics
economics don't exist
they are and always been sociopolitics
Nathaniel Davis
>human psychology is well.understood Nope. Extrapolating it to the economy is even less understood.
Henry Baker
spoon feed me, can't find
Matthew Carter
...
Thomas Davis
just search mega.nz it'll be one of them
Jackson Anderson
I read the fifth edition earlier this year and had already listened to every Sowell interview on YT. He is thoroughly based and I do think it would serve as a red pill to the average man. I read Hayek's Road To Serfdom shortly after BE and would recommend that too. I wonder if Bernie has ever read these.
Cooper Thompson
Too many schools of thought. It's a sperg """""science""""" that means very little.
Alexander Walker
That's cute. Now proceed onto the next stage.
Cameron Brooks
Demand goes down, business owner: >Oy vey! I must raise prices so I can stay in business.
Demand goes up, business owner: >Oy vey! I must raise prices so I can capitalize off this new business.
>if we all just think happy thoughts unlimited growth
wew
Levi Price
interest is a really good thing dont fall for the national socialist meme
Colton Hernandez
retard who couldn't predict the crash like the austrians could
Connor Myers
We know that now. They still teach it. >put money in a bank for intrest! (nevermind inflation) >CDs are great!(except you have no access to it.) >How to get a good credit score(and go 30k in debt)
Its built to keep the system alive.
Noah Ross
>Supply and demand >not understandable sounds like you are projecting your ignorance
Jackson Allen
thank you kind user
Luke Butler
>2016 >not becoming the Jew
Brayden Rodriguez
That book is literally the laymen's simplified version of what is taught in microeconomics based courses to undergraduate students. Although it's nice to begin with, no actual economist is going to take it seriously. Try to think a little outside the box using the models this book is based on and you'll see how bad they are.
If this is true, you must have felt like an idiot in your university, as the median grade is B+ to A-.
William Garcia
>ivy league university
Nice meme, literally the same education as some random state university but you're surrounded by rich people with connections, some "lesser" universities are even more rigorous than an ivy league due to an inferiority complex
Jason Sullivan
This book is a fucking mess. It's even worse than Marx's. Just the fact that there are a bazillion schools based on interpretations of it should tell you something.
It doesn't mean there aren't good ideas there, though. It just means Keynes was a terrible writer.
Gavin Moore
Not all economics is macro. Stop falling for memes.
Jose Rivera
This depends. Macro or micro?
Macro economics is basically religion.
Micro is fine.
Chase Hall
There's no concrete quantifiable laws of economics. It's an art masquerading as a science.
Austin Price
But it has Maths backing it up, user. Mathematical proof is hardly just speculation.
I'm no Keynesian, but there is a difference between Classical Keynesian Economics and Neo-Keynesian Economics.
Levi Fisher
Yes. I only have a minor in econ but this is clear.
Econ is not a science. Even the big names in econ agree with this.
Anyone who says Econ is some kind of verifiable science is full of shit.
Caleb Sanders
Sowell old man my hero. Studied his work in macro in econ degree.
Jose Powell
The Austrians predict a crash every year. You are not looking at the false positives.
Jaxson Davis
I got an A, so no, you probably don't
Ayden Morales
>literally empirically observer supply and demand on a daily basis, derived from human psychology >no concrete quantifiable laws of economics >art Seems like you don't understand factual economics. If you read into leftist economics which our public schools are indoctrinating us with, then everything is filled with wishful thinking and "empiricism".
Nathaniel Harris
Pick the nearest good university close to where you live and find out which macro/micro book they tell their undergrads to buy and go buy it and read it.
That should be your starting point. Yeah, yeah, give it the whole 'JEW BRAINWASHING' shit but you're not going to be able to pick holes in any sort of economic theory unless you know the basics.
Like I said, find out what your uni uses and get that. Undergrad econ texts are all pretty much the same.
Adam Nelson
But it has Mathematics to back it up. It is not as if it is Sociology-tier.
Further, there are Economic systems that are measurably better than others. For example, a Free Market is better than a Centrally Planned economy.
Colton Russell
>I'm no Keynesian, but there is a difference between Classical Keynesian Economics and Neo-Keynesian Economics. They are fundamentally the same strain of virus
that's because when the bubble is about to pop, they inflate it even more
Nathaniel Myers
>But it has Maths backing it up, user. Mathematical proof is hardly just speculation. It doesn't. It uses math but it's not mathematical proof. The models are simplified (they need to be) but that introduces unjustified assumptions that can and often do lead to incorrect predictions.
Oliver Harris
>insert ad-hoc explanation for false positive Still failed your prediction. But keep crying wolf. Nobody takes you seriously so you can say whatever you want.
Jeremiah Powell
The math is there so that your thinking is completely transparent and easy to bash. As for the assumptions, it really depends. Many times, people criticize the assumptions and have no clue what they are talking about.
Caleb Long
Obviously you don't understand. A crash would happen if the government let the free market run its course, but they spontaneously prop it up. This isn't the fault of the Austrians who are based and are objectively right about everything.
Meanwhile in Greece, Venezuela, and 2016 US...
Maybe if you were actually logical you would agree with me.
Carter Thompson
>This isn't the fault of the Austrians who are based and are objectively right about everything >if you were actually logical you would agree with me kek are you a troll trying to make Austrians look bad?
Ryder James
Predicted response, next.
Thomas Williams
i have, thats how i know 99% of what Sup Forums says about economics is total bullshit even though they cite "econ 101" damn near every time
Brandon Torres
>The math is there so that your thinking is completely transparent and easy to bash. It's certainly an improvement over not using math, but it is not difficult to make the thinking process obscure, even using math, and it's certainly way below the standard of rigor used by mathematicians. Further, it's probably the nature of the beast, economics is really complicated.
Eli Smith
its correct
Samuel Cruz
>reminder that Keynes was a massive homo
Lucas Gonzalez
Sup Forums is pretty free market, though. Either that or somewhat mixed economy.
I've never seen a central planner on Sup Forums, for example.
Gabriel Ward
Science isn't a spectrum.
Either it is science, or it isn't.
It isn't a science.
William Martin
What do you want me to say? You follow a theory that adds nothing new and ignores the behavior of the largest agent in the economy, the state, when making predictions. Do you expect me to take it seriously?
All math done by non-mathematicians is below the standard of rigor used by actual mathematicians. I had physics professors tell me once "Never tell a mathematician I showed you this, or he would kill me. Still, it works."
nice ad hominem
given the ridiculous amount of national socialists here, I doubt this
what's your definition of science?
Carson Collins
>Thinking people are actually nazi kek
Andrew Cruz
Have you ever read anything on the Austrian school? That was rhetorical, now try to refute its concepts.
Jace Smith
fuck off muhammed
Cameron Thompson
I agree it's not a hard science, but it's not like it has no evidence to back it up.
Christian Ramirez
This is why (macro) economics is not a science.
This shit right here.
It's religion.
Zachary Hill
That's not how science works. You don't make shit up then find evidence to support it.
That is not science.
It's not science in any respect. hard, soft, erect, it is not a science.
Logan Turner
Not an argument
Aiden Jenkins
> I had physics professors tell me Yah, just look at string theory for how badly that can go. Physics can get away with it because it's backed by pretty good experimental evidence. Economics is in less firm footing.
Jace Rivera
I would never employ anyone who even dares to discuss a neo-classical school of economics.
Fucking degenerates the whole lot of you.
Jaxon Ross
I did. That's why I know it adds nothing new. Have you actually read modern research on macroeconomics?
I agree most people talking about macro are being dogmatic faggots but I assure you there's a minority of people actually trying to find out stuff about the economy and not merely justifying their preconceived beliefs.
Landon Flores
Well, here I am.
I am in favor of a country completely controlled by the state. With private initiative for selling and buying products or services forbidden.
Luis Martinez
You're a retard almost all facts known in hard science were theories before evidence was found to prove or disprove it. A lot of theories are taught religiously in education every day as facts.
Cooper James
It's mostly a matter of how confident you should be in results and how well you can control for confounding variables. The only way to solve the first problem is to have more data. As for the second one, there are methods to get causal inference from non-experimental data but you usually have to sacrifice statistical power, worry about biases and constantly check the robustness of your results.
>inb4 meme Austrian tells me econometrics is bollocks because you can't do experiments in economics
Aiden Harris
Ecology is better for understanding how the economy works than economics imo. Literally anyone who can think in basic systems doesn't need to study the economics to get the economy. Economics is mostly a priori reasoning with a little history and jargon.
Kevin Wilson
>all facts known in hard science were theories before evidence
>were theories before evidence
>theories before evidence
This guy has no idea what a theory is.
It would be a waste of time to try to correct your ignorance personally, so here's wikipedia:
>A scientific theory is a well-substantiated explanation of some aspect of the natural world that is acquired through the scientific method and repeatedly tested and confirmed through observation and experimentation. Scientific theories are the most reliable, rigorous, and comprehensive form of scientific knowledge.
You act exactly like a religious fundie. Throwing around terms without having any actual knowledge and relying on your dogmatic beliefs as the standard of truth.
Don't reproduce.
Ayden Garcia
>Economics is mostly a >priori reasoning with a little history and jargon.
Finally someone who gets it. A++
Eli Taylor
Thank you, I hope I can get my act straight and read through them all.
Hudson Bailey
>implying original (not academic meme-tier) Keynesianism + gold standard isn't correct
Shiggy diggy
Hudson Rivera
>Science is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe. >A prior means it cannot be empirically observed You are observing supply and demand every day, it is a proven law of economics which is rooted in human psychology. Therefore it is a science.
Would you consider neuroscience a science? That was rhetorical, now economics is just a manifestation of this science in the form of human behavior.
This retarded nation put a man on the moon and created the technology you use to post on a mongolian weaving board, as well as the technology to monitor and systematically decimate the FARC's leadership. You are welcome.
Xavier Johnson
economic theory is not testable You can only observe "patterns". That's why I said history. Most economic outcomes can be predicted with logic, much more accurately than any a posteriori knowledge of previous similar situationsz
Jacob Hughes
Basic economics doesn't represent reality.
The unfortunate truth is that people are irrational and easily manipulable.
"Supply and demand" doesn't take into account abusable human psychology.
For example, idiots will sit in front a slot machine for years and lose money every day to see flashing lights. Traditional economics doesn't explain that and there are thousands of more subtle examples.
It serves the interests of the bourgeoisie to pretend that people are rational and then sell them caffeinated sugar water at a 10,000% markup because they imprinted Coca Cola = Santa Claus and Good Fun! on impressionable children while they were watching their cartoons.
Ryan Hill
how is supply and demand not testable and observable?
also your obssession with a priori and a posteriori is unhealthy, they are just tools to gain wisdom
Juan Flores
>The problem is that I barely gave a fuck about that. Only remember that supply n' demand graph. Damn, there were many things taught that now seem interesting to me, such as ethics or basics of political science. I feel the same way but I think it's okay. At least now you can seek out information for yourself instead of having an agenda shoved down your throat.