100 Best Microeconomics Books of All Time
We've researched and ranked the best microeconomics books in the world, based on recommendations from world experts, sales data, and millions of reader ratings. Learn more
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Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? What kind of impact did Roe v. Wade have on violent crime? Freakonomics will literally redefine the way we view the modern world.
These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much heralded scholar who studies the stuff and riddles of everyday life -- from cheating and crime to sports and child rearing -- and whose... more
These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much heralded scholar who studies the stuff and riddles of everyday life -- from cheating and crime to sports and child rearing -- and whose... more
Malcolm GladwellI don’t need to say much here. This book invented an entire genre. Economics was never supposed to be this entertaining. (Source)
Daymond JohnI love newer books like [this book]. (Source)
James Altucher[James Altucher recommended this book on the podcast "The Tim Ferriss Show".] (Source)
2
If you want to build a better future, you must believe in secrets.
The great secret of our time is that there are still uncharted frontiers to explore and new inventions to create. In Zero to One, legendary entrepreneur and investor Peter Thiel shows how we can find singular ways to create those new things.
Thiel begins with the contrarian premise that we live in an age of technological stagnation, even if we’re too distracted by shiny mobile devices to notice. Information technology has improved rapidly, but there is no reason why progress should be limited to... more
The great secret of our time is that there are still uncharted frontiers to explore and new inventions to create. In Zero to One, legendary entrepreneur and investor Peter Thiel shows how we can find singular ways to create those new things.
Thiel begins with the contrarian premise that we live in an age of technological stagnation, even if we’re too distracted by shiny mobile devices to notice. Information technology has improved rapidly, but there is no reason why progress should be limited to... more
Mark ZuckerbergThis book delivers completely new and refreshing ideas on how to create value in the world. (Source)
Eric WeinsteinIf you really understand something that the rest of the world is confused about, and it’s an important truth, [this book] says here are all the ways you might want to make that work. (Source)
3
Every day, we make decisions on topics ranging from personal investments to schools for our children to the meals we eat to the causes we champion. Unfortunately, we often choose poorly. The reason, the authors explain, is that, being human, we all are susceptible to various biases that can lead us to blunder. Our mistakes make us poorer and less healthy; we often make bad decisions involving education, personal finance, health care, mortgages and credit cards, the family, and even the planet itself.
Thaler and Sunstein invite us to enter an alternative world, one that takes our... more
Thaler and Sunstein invite us to enter an alternative world, one that takes our... more
Dan ArielyNudge is a very important book. One of the reasons Nudge is so important is because it’s taking these ideas and applying them to the policy domain. Here are the mistakes we make. Here are the ways marketers are trying to influence us. Here’s the way we might be able to fight back. If policymakers understood these principles, what could they do? The other important thing about the book is that it... (Source)
Ryan HolidayThis might feel like a weird book to include, but I think it presents another side of strategy that is too often forgotten. It’s not always about bold actors and strategic thrusts. Sometimes strategy is about subtle influence. Sometimes it is framing and small tweaks that change behavior. We can have big aims, but get there with little moves. This book has excellent examples of that kind of... (Source)
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This hardcover edition is cleanly formatted for easy reading. 12 point Garamond, 1.25 spacing. The Richest Man in Babylon is a timeless classic, revealing the secrets to making money and keeping it. This inspirational book is hailed as the greatest of books on finances. It unveils the secrets to wealth, providing priceless suggestions, advice, unforgettable parables, financial problem-solving tools, and invaluable information which will get you on your way to riches. The book to read for all who want financial success. less
Daymond John[Daymond John said this is one of his most-recommended books.] (Source)
Grant CardoneThis book emphasized the need to get reliable income streams and to never ever confuse your necessary expenses with the things you want. It’s a timeless classic that every school in America should have in their curriculum. (Source)
David Heinemeier HanssonThis is a 1920s classic version of How To Get Rich. The ancestor of all the pale imitations, like Rich Dad/Poor Dad, that came since. And while I scoffed at plenty of the allegories from ancient Babylon that presents the lessons, it was still a neat package. And at least ancient Babylon is a more interesting backdrop for teaching lessons about money than some suburban house flipper. I ended up... (Source)
5
One of the most popular personal development and self-improvement books of all time, Think and Grow Rich has sold over 100 million copies worldwide since its first publication during the Great Depression. In this hardcover edition, Napoleon Hill presents a "Philosophy of Achievement" in 13 principles drawn from the success stories of such greats as Andrew Carnegie, Henry Ford, Thomas Edison, and other millionaires of his time.
Think and Grow Rich reveals the secrets that can bring you fortune. By suppressing negative thoughts and keeping your focus on... more
Think and Grow Rich reveals the secrets that can bring you fortune. By suppressing negative thoughts and keeping your focus on... more
Daymond JohnThe main takeaway from [this book] was goal-setting. It was the fact that if you don't set a specific goal, then how can you expect to hit it? (Source)
Mark Moses[ listing the books that had the biggest impact on him] (Source)
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The New York Times best-selling Freakonomics was a worldwide sensation, selling over four million copies in thirty-five languages and changing the way we look at the world. Now, Steven D. Levitt and Stephen J. Dubner return with SuperFreakonomics, and fans and newcomers alike will find that the freakquel is even bolder, funnier, and more surprising than the first.
Four years in the making, SuperFreakonomics asks not only the tough questions, but the unexpected ones: What's more dangerous, driving drunk or walking drunk? Why is chemotherapy prescribed so often if it's so... more
Four years in the making, SuperFreakonomics asks not only the tough questions, but the unexpected ones: What's more dangerous, driving drunk or walking drunk? Why is chemotherapy prescribed so often if it's so... more
Bill GatesI recommend this book to anyone who reads nonfiction. It is very well written and full of great insights. (Source)
Fabrice GrindaI have lots of books to recommend, but they are not related to my career path. The only one that is remotely related is Peter Thiel’s Zero to One. That said here are books I would recommend. (Source)
Keith SlotterThese two gentlemen wrote the first book several years ago and SuperFreakonomics just came out. The books are very interesting on crime theory. Their theories are controversial. For example, they link a decrease in crime to the legalisation of abortion. In a nutshell they say that abortion stopped a whole new generation of criminals from being born. And that is because they say abortion is most... (Source)
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Paperback International Edition … Same contents as in the US edition at Low Cost !! less
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Meltem Demirors@amazon 3/ if we look at bitcoin investing, it follows the cyclical trend outlined by the brilliant @CarlotaPrzPerez in her book "technological revolutions and financial bubbles" bitcoin is a secular investment (if you zoom out, up and to the right) that operates in cycles https://t.co/5e0XRUgzae (Source)
Andrew CurryCarlota Perez comes out of a whole set of arguments which basically go back to Kondratiev. Kondratiev was the Soviet economist who said there seem to be long-wave downturns and upturns in cycles of around fifty years. He got shot by Stalin for his trouble. He first wrote the paper in 1924. There follows seventy years of argument whether it’s true – the price evidence seem to think it’s true: long... (Source)
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In Evicted, Princeton sociologist and MacArthur "Genius" Matthew Desmond follows eight families in Milwaukee as they struggle to keep a roof over their heads. Evicted transforms our understanding of poverty and economic exploitation while providing fresh ideas for solving one of 21st-century America's most devastating problems. Its unforgettable scenes of hope and loss remind us of the centrality of home, without which nothing else is possible. less
Bill GatesIf you want a good understanding of how the issues that cause poverty are intertwined, you should read this book about the eviction crisis in Milwaukee. Desmond has written a brilliant portrait of Americans living in poverty. He gave me a better sense of what it is like to be poor in this country than anything else I have read. (Source)
Satya NadellaNadella is using this season to learn more in a variety of subjects. By the looks of it, he is interested in, among other things, virtual reality, the refugee crisis, and housing for the urban poor. (Source)
Noah KaganSurprising insights into the lives of people who were evicted. I make a lot of assumptions about these people. Turns out I was wrong WHY they get evicted. (Source)
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The informative and witty expose of the "bad science" we are all subjected to, called "one of the essential reads of the year" by New Scientist.
We are obsessed with our health. And yet — from the media's "world-expert microbiologist" with a mail-order Ph.D. in his garden shed laboratory, and via multiple health scares and miracle cures — we are constantly bombarded with inaccurate, contradictory, and sometimes even misleading information. Until now. Ben Goldacre masterfully dismantles the questionable science behind some of the great drug trials, court cases, and missed... more
We are obsessed with our health. And yet — from the media's "world-expert microbiologist" with a mail-order Ph.D. in his garden shed laboratory, and via multiple health scares and miracle cures — we are constantly bombarded with inaccurate, contradictory, and sometimes even misleading information. Until now. Ben Goldacre masterfully dismantles the questionable science behind some of the great drug trials, court cases, and missed... more
Timothy FerrissI agree wholeheartedly with a lot of the co-opted science, which people can read a book called Bad Science, which is by a doctor named Ben Goldacre. It’s great. (Source)
Tim HarfordThis book changed the way I thought about my own writing and it changed the way I thought about the world. It really is one of the best books I have ever read. (Source)
Sarah-Jayne BlakemoreIt’s just a brilliant book, and he’s a fearless defender of science. (Source)
Don't have time to read the top Microeconomics books of all time? Read Shortform summaries.
Shortform summaries help you learn 10x faster by:
- Being comprehensive: you learn the most important points in the book
- Cutting out the fluff: you focus your time on what's important to know
- Interactive exercises: apply the book's ideas to your own life with our educators' guidance.
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THIS JUST IN!
As of 3/20/20, in response to the novel coronavirus (covid-19), the College Board has decided to administer all 2020 exams online. You'll still be able to prep with this book! But for your best results, you'll want to modify what you're focusing on (both question types and content). Remember, everyone's in the same boat, so just do your best and keep practicing. You've got this!
Head to your Online Student Tools page (access included with your book purchase)... more
Head to your Online Student Tools page (access included with your book purchase)... more
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An enlarged edition of Thomas Sowell's brilliant examination of the origins of economic disparities
Economic and other outcomes differ vastly among individuals, groups, and nations. Many explanations have been offered for the differences. Some believe that those with less fortunate outcomes are victims of genetics. Others believe that those who are less fortunate are victims of the more fortunate.
Discrimination and Disparities gathers a wide array of empirical evidence to challenge the idea that different economic outcomes can be... more
Economic and other outcomes differ vastly among individuals, groups, and nations. Many explanations have been offered for the differences. Some believe that those with less fortunate outcomes are victims of genetics. Others believe that those who are less fortunate are victims of the more fortunate.
Discrimination and Disparities gathers a wide array of empirical evidence to challenge the idea that different economic outcomes can be... more
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Stories of famously eccentric Princetonians abound—such as that of chemist Hubert Alyea, the model for The Absent-Minded Professor, or Ralph Nader, said to have had his own key to the library as an undergraduate. Or the "Phantom of Fine Hall," a figure many students had seen shuffling around the corridors of the math and physics building wearing purple sneakers and writing numerology treatises on the blackboards. The Phantom was John Nash, one of the most brilliant mathematicians of his generation, who had spiraled into schizophrenia in the 1950s. His most important work had been in... more
Ariel RubinsteinThe story of John Nash is really a human story – I don’t think it sheds much light on game theory. But it gives hope to people dealing with this disease. (Source)
Diane CoyleThis is a terrific book for just saying something about what game theory helps to do, without plunging you into all the complicated mathematics of how to do it in practice. (Source)
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Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. With this breakthrough study, leading economists Carmen Reinhart and Kenneth Rogoff definitively prove them wrong. Covering sixty-six countries across five continents, This Time Is Different presents a comprehensive look at the... more
Bill Gates[On Bill Gates's reading list in 2012.] (Source)
Francis FukuyamaReinhart and Rogoff are two macroeconomists who have done a marvellous job in bringing together a lot of historical and international data about how unstable financial systems are. The title of their book, This Time is Different, tells you the whole theme. In many respects, the Wall Street crisis was not at all different from Argentina or Britain in the early 1990s or any number of other crises... (Source)
Dambisa MoyoI think the more interesting story in This Time Is Different is what happens in the aftermath of bubbles, which links to what we were talking about before. In the case of the US, it’s still very reliant on tried and tested formulas to try to sort out economic busts – ie let’s just reflate this bubble by using relatively loose monetary policy and fiscal policy (think low interest rates, tax... (Source)
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This is the classic work upon which modern-day game theory is based. What began more than sixty years ago as a modest proposal that a mathematician and an economist write a short paper together blossomed, in 1944, when Princeton University Press published Theory of Games and Economic Behavior. In it, John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has... more
Recommended by Ariel Rubinstein, and 1 others. Ariel RubinsteinThis was the first comprehensive attempt to put many game theoretical ideas together. They set up the style, the concepts and the level of abstraction. (Source)
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For the first 5,000 copies of The Blue Sweater purchased, a $15 donation per book will be made to Acumen Fund, a nonprofit that invests in transformative businesses to solve the problems of poverty.
The Blue Sweater is the inspiring story of a woman who left a career in international banking to spend her life on a quest to understand global poverty and find powerful new ways of tackling it. It all started back home in Virginia, with the blue sweater, a gift that quickly became her prized possession—until the day she outgrew it and gave... more
Seth GodinAs we head toward the end of the year, I think you'll find inspiration in the work of people who show up and do the work. Daily. For decades. Jacqueline Novogratz and her classic book, The Blue Sweater continue to change lives. (Source)
Nicholas KristofThe Blue Sweater is a book by somebody who has really pioneered the use of business solutions to address poverty, Jacqueline Novogratz. (Source)
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Of Galbraith's classic examination of the 1929 financial collapse, the Atlantic Monthly said:"Economic writings are seldom notable for their entertainment value, but this book is. Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community." Now, with the stock market riding historic highs, the celebrated economist returns with new insights on the legacy of our past and the consequences of blind optimism and power plays within the financial community. less
John GapperThe book shows his talent as a popular economist. It’s not chiefly a work of economics, though it does analyse the causes of the Great Depression. It’s more a work of history, almost of journalism. For an academic, Galbraith writes unusually well. (Source)
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This best-selling text is still the most modern presentation of the subject. The Varian approach gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation. less
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With this edition, Eric Chiang begins a new era for his acclaimed principles of economics textbook. Formerly CoreEconomics and now titled Economics: Principles for a Changing World, the new edition is thoroughly contemporary, fully integrated print/technology resource that adapts to the way you want to teach. As always, this concise book focuses on the topics most often covered in the principles course, but with this edition, it offers a stronger emphasis than ever on helping students apply an economic way of thinking to the overwhelming flow of data we face every day.... more
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Your classic advanced microeconomic theory textbook delivering rigorous coverage of modern microeconomics. less
Don't have time to read the top Microeconomics books of all time? Read Shortform summaries.
Shortform summaries help you learn 10x faster by:
- Being comprehensive: you learn the most important points in the book
- Cutting out the fluff: you focus your time on what's important to know
- Interactive exercises: apply the book's ideas to your own life with our educators' guidance.
21
The award-winning illustrator Grady Klein has paired up with the world's only stand-up economist, Yoram Bauman, PhD, to take the dismal out of the dismal science. From the optimizing individual to game theory to price theory, The Cartoon Introduction to Economics is the most digestible, explicable, and humorous 200-page introduction to microeconomics you'll ever read.
Bauman has put the "comedy" into "economy" at comedy clubs and universities around the country and around the world (his "Principles of Economics, Translated" is a YouTube cult classic). As an educator at both... more
Bauman has put the "comedy" into "economy" at comedy clubs and universities around the country and around the world (his "Principles of Economics, Translated" is a YouTube cult classic). As an educator at both... more
Recommended by Tim Harford, and 1 others. Tim HarfordFor anybody who wants to learn the economics jargon, or anyone who is starting out studying an economics course, this is just a brilliant source. (Source)
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Medicine is broken. We like to imagine that it’s based on evidence and the results of fair tests. In reality, those tests are often profoundly flawed. We like to imagine that doctors are familiar with the research literature surrounding a drug, when in reality much of the research is hidden from them by drug companies. We like to imagine that doctors are impartially educated, when in reality much of their education is funded by industry. We like to imagine that regulators let only effective drugs onto the market, when in reality they approve hopeless drugs, with data on side effects casually... more
Recommended by Timothy Ferriss, and 1 others. 23
"Microeconomic Foundations I" develops the choice, price, and general equilibrium theory topics typically found in first-year theory sequences, but in deeper and more complete mathematical form than most standard texts provide. The objective is to take the reader from acquaintance with these foundational topics to something closer to mastery of the models and results connected to them. Provides a rigorous treatment of some of the basic tools of economic modeling and reasoning, along with an assessment of the strengths and weaknesses of these tools Complements standard texts Covers choice,... more
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Il est des français géniaux qui bénéficient d’une réputation internationale alors qu’on ne cite quasiment jamais leurs noms en France.
Frédéric Bastiat, le Pape du libéralisme, est de ceux-là, qui souffre probablement de la trop grande clarté de ses écrits !
Peut-être préfère-t-on, en France, se perdre dans des conversations ou des discussions sans fin plutôt que se référer simplement à des thèses lumineuses et pragmatiques.
A une époque où l’on ne peut s’affirmer « libéral » sans se voir traiter aussitôt « d’ultra », il nous a paru important de réhabiliter la pensée de... more
Frédéric Bastiat, le Pape du libéralisme, est de ceux-là, qui souffre probablement de la trop grande clarté de ses écrits !
Peut-être préfère-t-on, en France, se perdre dans des conversations ou des discussions sans fin plutôt que se référer simplement à des thèses lumineuses et pragmatiques.
A une époque où l’on ne peut s’affirmer « libéral » sans se voir traiter aussitôt « d’ultra », il nous a paru important de réhabiliter la pensée de... more
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For courses in Principles of Microeconomics. An evidence-based approach to economics Throughout Microeconomics, 2nd Edition, authors Daron Acemoglu, David Laibson, and John List use real economic questions and data to help readers learn about the world around them. Taking a fresh approach, they use the themes of optimization, equilibrium, and empiricism to not only illustrate the power of simple economic ideas, but also to explain and predict what's happening in today's society. Each chapter begins with an empirical question that is relevant to the life... more
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This book presents a theory of the firm based on its economic role as an intermediary between customers and suppliers. Professor Spulber demonstrates how the intermediation theory of the firm explains firm formation by showing how they arise in a market equilibrium. In addition, the theory helps explain how markets work by showing how firms select market-clearing prices. Models of intermediation and market microstructure from microeconomics and finance shed considerable light on the formation and market making activities of firms. The intermediation theory of the firm is compared to existing... more
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In The Establishment Owen Jones, author of the international bestseller Chavs, offers a biting critique of the British Establishment and a passionate plea for democracy
Behind our democracy lurks a powerful but unaccountable network of people who wield massive power and reap huge profits in the process. In exposing this shadowy and complex system that dominates our lives, Owen Jones sets out on a journey into the heart of our Establishment, from the lobbies of Westminster to the newsrooms, boardrooms and trading rooms of Fleet Street and the City. Exposing the... more
Behind our democracy lurks a powerful but unaccountable network of people who wield massive power and reap huge profits in the process. In exposing this shadowy and complex system that dominates our lives, Owen Jones sets out on a journey into the heart of our Establishment, from the lobbies of Westminster to the newsrooms, boardrooms and trading rooms of Fleet Street and the City. Exposing the... more
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Don't have time to read the top Microeconomics books of all time? Read Shortform summaries.
Shortform summaries help you learn 10x faster by:
- Being comprehensive: you learn the most important points in the book
- Cutting out the fluff: you focus your time on what's important to know
- Interactive exercises: apply the book's ideas to your own life with our educators' guidance.
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An economist's version of The Way Things Work, this engaging volume is part field guide to economics and part expose of the economic principles lurking behind daily events, explaining everything from traffic jams to high coffee prices.
The Undercover Economist is for anyone who's wondered why the gap between rich and poor nations is so great, or why they can't seem to find a decent second-hand car, or how to outwit Starbucks. This book offers the hidden story behind these and other questions, as economist Tim Harford ranges from Africa, Asia, Europe, and of course the... more
The Undercover Economist is for anyone who's wondered why the gap between rich and poor nations is so great, or why they can't seem to find a decent second-hand car, or how to outwit Starbucks. This book offers the hidden story behind these and other questions, as economist Tim Harford ranges from Africa, Asia, Europe, and of course the... more
Ola OlusogaLike Charlie Munger once said: “I’ve long believed that a certain system - which almost any intelligent person can learn - works way better than the systems most people use [to understand the world]. What you need is a latticework of mental models in your head. And, with that system, things gradually fit together in a way that enhances cognition. Just as multiple factors shape every system,... (Source)
Fabrice GrindaI have lots of books to recommend, but they are not related to my career path. The only one that is remotely related is Peter Thiel’s Zero to One. That said here are books I would recommend. (Source)
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Audiobook: 8 hrs and 47 mins
A surprising and intriguing examination of how scarcity—and our flawed responses to it—shapes our lives, our society, and our culture
Why do successful people get things done at the last minute? Why does poverty persist? Why do organizations get stuck firefighting? Why do the lonely find it hard to make friends? These questions seem unconnected, yet Sendhil Mullainathan and Eldar Shafir show that they are all are examples of a mind-set produced by scarcity.
Drawing on cutting-edge research from behavioral science and... more
A surprising and intriguing examination of how scarcity—and our flawed responses to it—shapes our lives, our society, and our culture
Why do successful people get things done at the last minute? Why does poverty persist? Why do organizations get stuck firefighting? Why do the lonely find it hard to make friends? These questions seem unconnected, yet Sendhil Mullainathan and Eldar Shafir show that they are all are examples of a mind-set produced by scarcity.
Drawing on cutting-edge research from behavioral science and... more
Esther DysonAn explanation of scarcity for rich intellectuals, showing how poor people do stupid things for lack of money, while rich people do stupid things for lack of time. (Source)
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The New York Times bestselling Freakonomics changed the way we see the world, exposing the hidden side of just about everything. Then came SuperFreakonomics, a documentary film, an award-winning podcast, and more.
Now, with Think Like a Freak, Steven D. Levitt and Stephen J. Dubner have written their most revolutionary book yet. With their trademark blend of captivating storytelling and unconventional analysis, they take us inside their thought process and teach us all to think a bit more productively, more creatively, more rationally—to think, that is, like a Freak.
more
Now, with Think Like a Freak, Steven D. Levitt and Stephen J. Dubner have written their most revolutionary book yet. With their trademark blend of captivating storytelling and unconventional analysis, they take us inside their thought process and teach us all to think a bit more productively, more creatively, more rationally—to think, that is, like a Freak.
more
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Modern economies reward activities that extract value rather than create it. This must change to insure a capitalism that works for us all.
In this scathing indictment of our current global financial system, The Value of Everything rigorously scrutinizes the way in which economic value has been determined and reveals how the difference between value creation and value extraction has become increasingly blurry. Mariana Mazzucato argues that this blurriness allowed certain actors in the economy to portray themselves as value creators, while in reality they were just... more
In this scathing indictment of our current global financial system, The Value of Everything rigorously scrutinizes the way in which economic value has been determined and reveals how the difference between value creation and value extraction has become increasingly blurry. Mariana Mazzucato argues that this blurriness allowed certain actors in the economy to portray themselves as value creators, while in reality they were just... more
Recommended by Pia Mancini, and 1 others. Pia Mancini@soulafloat @MazzucatoM @ValeriaLuiselli @MazzucatoM's one is great book! Super insightful. I'll add @ValeriaLuiselli to my list! Thank you (Source)
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"Nothing less than a full-scale assault on conventional economic wisdom."
—Newsweek
One the 100 most influential books published since World War II
—The Times Literary Supplement
Hailed as an "eco-bible" by Time magazine, E.F. Schumacher's riveting, richly researched statement on sustainability has become more relevant and vital with each year since its initial groundbreaking publication during the 1973 energy crisis. A landmark statement against "bigger is better" industrialism, Schumacher's Small Is Beautiful paved the way... more
—Newsweek
One the 100 most influential books published since World War II
—The Times Literary Supplement
Hailed as an "eco-bible" by Time magazine, E.F. Schumacher's riveting, richly researched statement on sustainability has become more relevant and vital with each year since its initial groundbreaking publication during the 1973 energy crisis. A landmark statement against "bigger is better" industrialism, Schumacher's Small Is Beautiful paved the way... more
Recommended by Emma Watson, and 1 others. 36
In this novel introduction to modern microeconomic theory, Samuel Bowles returns to the classical economists' interest in the wealth and poverty of nations and people, the workings of the institutions of capitalist economies, and the coevolution of individual preferences and the structures of markets, firms, and other institutions. Using recent advances in evolutionary game theory, contract theory, behavioral experiments, and the modeling of dynamic processes, he develops a theory of how economic institutions shape individual behavior, and how institutions evolve due to individual actions,... more
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A book that provides a treatment of microeconomic theory that stresses the relevance and application to managerial and public policy decision making. less
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The neoclassical vision of economies characterized by rational, self-interested individuals interacting in perfectly competitive markets can have, especially for students with little or no prior study of economics, an appealing simplicity and certainty: the result is perfectly efficient, each gets what he or she deserves, and any outside interference can only be for the worse. It’s liable even to make critical-minded students start to believe that this really is the “best of all possible worlds,” and that attempts to improve it are misguided at best.
Microeconomics: Individual... more
Microeconomics: Individual... more
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Using examples and applications, this book helps students to analyze current events in a microeconomic context, showing how economic forces influence real issues and real people. less
Don't have time to read the top Microeconomics books of all time? Read Shortform summaries.
Shortform summaries help you learn 10x faster by:
- Being comprehensive: you learn the most important points in the book
- Cutting out the fluff: you focus your time on what's important to know
- Interactive exercises: apply the book's ideas to your own life with our educators' guidance.
41
Economics is sometimes divided into two parts: positive economics and normative economics. The former deals with how the economic problem is solved, while the latter deals with how the economic problem should be solved. The effects of price or rent control on the distribution of income are problems of positive economics. The desirability of these effects on income distribution is a problem of normative economics.
Within economics, the major division is between monetary theory and price theory. Monetary theory deals with the level of prices in general, with cyclical and other... more
Within economics, the major division is between monetary theory and price theory. Monetary theory deals with the level of prices in general, with cyclical and other... more
42
In his bestselling 23 Things They Don't Tell You About Capitalism, Cambridge economist Ha-Joon Chang brilliantly debunked many of the predominant myths of neoclassical economics. Now, in an entertaining and accessible primer, he explains how the global economy actually works—in real-world terms. Writing with irreverent wit, a deep knowledge of history, and a disregard for conventional economic pieties, Chang offers insights that will never be found in the textbooks.
Unlike many economists, who present only one view of their discipline, Chang introduces a wide range of... more
Unlike many economists, who present only one view of their discipline, Chang introduces a wide range of... more
Recommended by Ella Botting, and 1 others. Ella BottingA simple but in depth guide to economics that isn’t patronising. Always good to know about money & financial systems once you start earning! (Source)
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When it comes drawing on enduring economic principles to explain current economic realities, there is no one readers trust more than Paul Krugman. With his bestselling introductory textbook (now in a new edition) the Nobel laureate and New York Times columnist is proving to be equally effective in the classroom, with more and more instructors in all types of schools using Krugman’s signature storytelling style to help them introduce the fundamental principles of economics to all kinds of students.
See what's in the LaunchPad less
See what's in the LaunchPad less
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Steve Burns@RampCapitalLLC @mjmauboussin I’m reading this now, great book! (Source)
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The world s foremost expert on pricing strategy shows how this mysterious process works and how to maximize value through pricing to company and customer.
In all walks of life, we constantly make decisions about whether something is worth our money or our time, or try to convince others to part with their money or their time. Price is the place where value and money meet. From the global release of the latest electronic gadget to the bewildering gyrations of oil futures to markdowns at the bargain store, price is the most powerful and pervasive economic force in our... more
In all walks of life, we constantly make decisions about whether something is worth our money or our time, or try to convince others to part with their money or their time. Price is the place where value and money meet. From the global release of the latest electronic gadget to the bewildering gyrations of oil futures to markdowns at the bargain store, price is the most powerful and pervasive economic force in our... more
Recommended by Leo Polovets, and 1 others. Leo Polovets@BluegrassCap Great book. Monetizing Innovation by @madhavansf is excellent, too. (Source)
47
A leading brain scientist's look at the neurobiology of pleasure-and how pleasures can become addictions.
Whether eating, taking drugs, engaging in sex, or doing good deeds, the pursuit of pleasure is a central drive of the human animal. In The Compass of Pleasure Johns Hopkins neuroscientist David J. Linden explains how pleasure affects us at the most fundamental level: in our brain.
As he did in his award-winning book, The Accidental Mind, Linden combines cutting-edge science with entertaining anecdotes to illuminate the source of the...
moreWhether eating, taking drugs, engaging in sex, or doing good deeds, the pursuit of pleasure is a central drive of the human animal. In The Compass of Pleasure Johns Hopkins neuroscientist David J. Linden explains how pleasure affects us at the most fundamental level: in our brain.
As he did in his award-winning book, The Accidental Mind, Linden combines cutting-edge science with entertaining anecdotes to illuminate the source of the...
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Traditional development economics has been revolutionized by the application of economic tools and concepts. This text looks at the entire spectrum of development economics issues, combining the strengths of conventional developmental thought with the insights of contemporary mainstream economics. The main new conceptual tool used is the application of the theory of imperfect information and the effects this has on the the behaviour of economic agents. This helps to explain why perfect competition models rarely have success when dealing with developing economies. The authors also stress the... more
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In this book, Professor Kreps presents a first course on the basic models of choice theory that underlie much of economic theory. This course, taught for several years at the Graduate School of Business, Stanford University, gives the student an introduction to the axiomatic method of economic analysis, without placing too heavy a demand on mathematical sophistication.
The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann–Morgenstern... more
The course begins with the basics of choice and revealed preference theory and then discusses numerical representations of ordinal preference. Models with uncertainty come next: First is von Neumann–Morgenstern... more
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From the Nobel Prize-winning economist, a bold new agenda for the role of economics in society
When Jean Tirole won the Nobel Prize in Economics, he suddenly found himself being stopped in the street by strangers and asked to comment on current events far from his own research. His transformation from academic economist to public intellectual prompted him to reflect more deeply on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics can help us improve the shared... more
When Jean Tirole won the Nobel Prize in Economics, he suddenly found himself being stopped in the street by strangers and asked to comment on current events far from his own research. His transformation from academic economist to public intellectual prompted him to reflect more deeply on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics can help us improve the shared... more
Recommended by Diane Coyle, and 1 others. Diane CoyleJean Tirole wrote this book after he won his Nobel Prize in 2014 because, he said, people kept coming up to him and saying, ‘ Tell us what it’s all about!’ For the first time, he felt that he ought to write a book that was accessible to people who wanted to learn from him. (Source)
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51
As Robert Shiller’s new 2009 preface to his prescient classic on behavioral economics and market volatility asserts, the irrational exuberance of the stock and housing markets “has been ended by an economic crisis of a magnitude not seen since the Great Depression of the 1930s.” As we all, ordinary Americans and professional investors alike, crawl from the wreckage of our heedless bubble economy, the shrewd insights and sober warnings, and hard facts that Shiller marshals in this book are more invaluable than ever.
The original and bestselling 2000 edition of Irrational Exuberance... more
The original and bestselling 2000 edition of Irrational Exuberance... more
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The very best journalism from one of Britain's most admired and outspoken science writers, author of the bestselling Bad Science and Bad Pharma. In 'Bad Science', Ben Goldacre hilariously exposed the tricks that quacks and journalists use to distort science. In 'Bad Pharma', he put the $600 billion global pharmaceutical industry under the microscope. Now the pick of the journalism by one of our wittiest, most indignant and most fearless commentators on the worlds of medicine and science is collected in one volume. less
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Nicholson's Microeconomic Theory: Basic Principles and Extensions, 9th edition is a tried-and-true, well-known and respected market-leading text. Applauded for providing the most clear and accurate presentation of advanced microeconomic concepts, it offers an ideal level of mathematical rigor for upper level undergraduate students and beginning graduate students. It gives students the opportunity to work directly with theoretical tools, real-world applications, and cutting edge developments in the study of microeconomics. This text is solid, rigorous, comprehensive, and is sensibly... more
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At last! A new edition of the economics book that won’t put you to sleep. In fact, you won’t be able to put this bestseller down. In our challenging economic climate, this perennial favorite of students and general readers is more than a good read, it’s a necessary investment—with a blessedly sure rate of return. This revised and updated edition includes commentary on hot topics such as automation, trade, income inequality, and America’s rising debt. Ten years after the financial crisis, Naked Economics examines how policymakers managed the worst economic crisis since the Great... more
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People in poverty face challenges virtually unknown to those in middle class or wealth--challenges from both obvious and hidden sources. The reality of being poor brings out a survival mentality, and turns attention away from opportunities taken for granted by everyone else. If you work with people from poverty, some understanding of how different their world is from yours will be invaluable. Whether you're an educator--or a social, health, or legal services professional--this breakthrough book gives you practical, real-world support and guidance to improve your effectiveness in working with... more
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McConnell/Brue/Flynn has long set the standard for providing high-quality content to instructors and students alike. Known for versatility, comprehensiveness, and persistent innovation, it has remained one of the most trusted and reliable choices for principles of economics courses. The 21st edition continues to benefit from author Sean Flynn's influence with new discussions on strategic behavior, game theory, unconventional monetary policy and interest rate normalization. A robust set of content designed to facilitate classroom engagement through peer instruction has been developed to align... more
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The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as the current economic malaise in Europe, were caused... more
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In this textbook you can read about how to develop models that describes how an economy works. The book provides a comprehensive overview of all facets from Microeconomics.
Starting with the market, consumers and producers followed by demand and production. You can also read about Monopoly, Price discrimination and Game theory.
Download the exercise book and test what you have learned. less
Starting with the market, consumers and producers followed by demand and production. You can also read about Monopoly, Price discrimination and Game theory.
Download the exercise book and test what you have learned. less
Don't have time to read the top Microeconomics books of all time? Read Shortform summaries.
Shortform summaries help you learn 10x faster by:
- Being comprehensive: you learn the most important points in the book
- Cutting out the fluff: you focus your time on what's important to know
- Interactive exercises: apply the book's ideas to your own life with our educators' guidance.
62
A Financial Times Book of the Month pick for April!
Is it worth swimming in shark-infested waters to surf a 50-foot, career-record wave?
Is it riskier to make an action movie or a horror movie?
Should sex workers forfeit 50 percent of their income for added security or take a chance and keep the extra money?
Most people wouldn't expect an economist to have an answer to these questions—or to other questions of daily life, such as who to date or how early to leave for the airport. But those people... more
Is it worth swimming in shark-infested waters to surf a 50-foot, career-record wave?
Is it riskier to make an action movie or a horror movie?
Should sex workers forfeit 50 percent of their income for added security or take a chance and keep the extra money?
Most people wouldn't expect an economist to have an answer to these questions—or to other questions of daily life, such as who to date or how early to leave for the airport. But those people... more
Tyler CowenAllison Schrager’s An Economist Walks Into a Brothel is the best, most readable, most informative, most adventurous, and most entertaining take on risk you will find. (Source)
Adam GrantIf you want to understand risk better, you have to go into some unconventional settings. In the tradition of Freakonomics, that’s what Allison Schrager does as an economist, and her book is not just informative—it’s an entertaining read too (Source)
Nick GillespieThe world may be in flames, but are *you* taking enough risk? Great @TEDTalks from economist @AllisonSchrager, whose An Economist Walks into a Brothel, is a book-length treatment of the topic. https://t.co/SDdHAABPO4 (Source)
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Find all of the following topics, explained in plain-English: Introduction: What is Economics? - Not a Perfect Model - Microeconomics vs. Macroeconomics 1. Maximizing Utility Decreasing Marginal Utility - Opportunity Costs 2. Evaluating Production Possibilities Production Possibilities Frontiers - Absolute and Comparative Advantage 3. Demand Determinants of Demand - Elasticity of Demand - Change in Demand vs. Change in Quantity Demanded 4. Supply Determinants of Supply - Elasticity of Supply - Change in Supply vs. Change in Quantity Supplied 5. Market Equilibrium How Market Equilibrium is... more
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Why did countries engage in a nuclear arms race? How do we make decisions when we don’t have all the information? What makes international environmental cooperation possible?
Game theory is the study of how we make a decision when the outcome of our moves depends on the decisions of someone else. But it’s not just about predicting your opponent’s next play in a game of chess; conflict and cooperation lie at the heart of game theory, which is useful for understanding behaviour in everything from our social lives to business, global politics to evolutionary theory.
In... more
Game theory is the study of how we make a decision when the outcome of our moves depends on the decisions of someone else. But it’s not just about predicting your opponent’s next play in a game of chess; conflict and cooperation lie at the heart of game theory, which is useful for understanding behaviour in everything from our social lives to business, global politics to evolutionary theory.
In... more
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Microeconomics will give readers a solid foundation in microeconomic analysis, using mathematical techniques where appropriate. The book is designed to assist the student’s learning in every way possible and contains comprehensive sets of problems and examples at all stages.
The book is divided into three parts. Part 1 deals with general price formation and the optimization of production under different market forms as well as with and without public sector intervention.
Part 2 analyses the factor markets and the housing market and in part 3 the book goes through... more
The book is divided into three parts. Part 1 deals with general price formation and the optimization of production under different market forms as well as with and without public sector intervention.
Part 2 analyses the factor markets and the housing market and in part 3 the book goes through... more
67
Mainstream textbooks present economics as an objective science free from value judgements; that settles disputes relatively easily by testing hypotheses; that applies a settled body of principles; and contains policy prescriptions supported by a consensus of professional opinion. The Anti-Textbook argues that this is a myth - one which is not only dangerously misleading but also bland and boring. It challenges the mainstream textbooks' assumptions, arguments, models and evidence. It puts the controversy and excitement back into economics to reveal a fascinating and a vibrant field of... more
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The Third Edition continues to supply the building blocks of microeconomic analysis: a thorough treatment of optimization and equilibrium methods, coupled with numerous examples of their application. The Third Edition expands on the earlier editions in two ways. First, the coverage has been rewritten and rearranged. Second, chapters have been added on game theory, oligopoly, asset markets, and information economics. The new chapters fully update the text, highlighting significant developments of the last decade at a level that is accessible for first-year graduate students. less
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An innovative instructor uses his tested insights and successful teaching practices to create a truly student-centered approach: real-world examples, pedagogy developed in his own classrooms, and problem solving tools that resonate with today s students." less
Don't have time to read the top Microeconomics books of all time? Read Shortform summaries.
Shortform summaries help you learn 10x faster by:
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This book teaches microeconomics as a way of looking at the world, using plenty of new applications and examples to demonstrate the theory. Because it uses calculus (only in footnotes), this book is considered to be in the upper mid-range in its mathematical rigor. An optimal balance of theory and applications is maintained by working from the specific to the general--with many lively and interesting examples used as a means of developing economic theory in a careful and rigorous way. A seven-part organization covers numerous topics under the headings of: an introduction to microeconomics,... more
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With its clear and engaging writing style, PRINCIPLES OF MACROECONOMICS, Seventh Edition, continues to be the most popular and widely-used economics textbook among today's students. Mankiw emphasizes material that you are likely to find interesting about the economy (particularly if you are studying economics for the first time), including real-life scenarios, useful facts, and the many ways economic concepts play a role in the decisions you make every day. "I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that... more
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With the economy currently in turmoil, understanding how businesses and consumers interact is more important than ever?for business owners and students of economics, alike. A handy, fluff-free resource tool, our 3-panel (6-page) guide simplifies the world of microeconomics through the use of definitions, formulas and full-color tables and charts. less
75
A fresh, modern approach to intermediate economics, this book breaks with tradition in a number of innovative ways. The author uses a game-theoretical and experimental point of view and presents an unfolding theme that provides a cohesive framework for the theory. In an effort to develop students' critical thinking, he asks them to question the theory they are learning and presents them with unsolved problems and unanswered questions in microeconomic theory to motivate the subject and make it real. *NEW! An abundance (over 100) of unsolved problems provides a greater working knowledge of the... more
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The theory of contracts grew out of the failure of the general equilibrium model to account for the strategic interactions among agents that arise from informational asymmetries. This popular text, revised and updated throughout for the second edition, serves as a concise and rigorous introduction to the theory of contracts for graduate students and professional economists. The book presents the main models of the theory of contracts, particularly the basic models of adverse selection, signaling, and moral hazard. It emphasizes the methods used to analyze the models, but also includes brief... more
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Don't have time to read the top Microeconomics books of all time? Read Shortform summaries.
Shortform summaries help you learn 10x faster by:
- Being comprehensive: you learn the most important points in the book
- Cutting out the fluff: you focus your time on what's important to know
- Interactive exercises: apply the book's ideas to your own life with our educators' guidance.
81
Discover the art of strategic thinking
Revised and updated to reflect the cutting edge of academic thinking about business strategy, the Fourth Edition of Besanko, Dranove, Shanley, and Schaefer's highly acclaimed text offers a solid economic foundation for strategic analysis. By presenting basic concepts of economic theory with ideas in modern strategy literature, the book provides an economic lens for viewing the broad sweep of the strategic activities of the firm.
The book begins by focusing on the boundaries of the firm and examines competitive strategy from the... more
Revised and updated to reflect the cutting edge of academic thinking about business strategy, the Fourth Edition of Besanko, Dranove, Shanley, and Schaefer's highly acclaimed text offers a solid economic foundation for strategic analysis. By presenting basic concepts of economic theory with ideas in modern strategy literature, the book provides an economic lens for viewing the broad sweep of the strategic activities of the firm.
The book begins by focusing on the boundaries of the firm and examines competitive strategy from the... more
82
The title, Modern Principles, refers to a progressive approach to economic modeling and applications that allows for more realistic interpretation of today's world events.
Mirroring the authors' successful blog, the text eschews boxed features to focus on the writing behind compelling examples, key concepts, and applications.
An emphasis on incentives underscores how economics is about human behavior and how economics helps us understand why we do what we do (in other words, the decisions we make in the face of incentives in the real world). Covers of the... more
Mirroring the authors' successful blog, the text eschews boxed features to focus on the writing behind compelling examples, key concepts, and applications.
An emphasis on incentives underscores how economics is about human behavior and how economics helps us understand why we do what we do (in other words, the decisions we make in the face of incentives in the real world). Covers of the... more
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For courses in the principles of microeconomics. The relevance of microeconomics shown through real-world business examples One of the challenges of teaching principles of microeconomics is fostering interest in concepts that may not seem applicable to students' lives. Microeconomics makes this topic relevant by demonstrating how real businesses use microeconomics to make decisions every day. With ever-changing US and world economies, the 7th Edition has been updated with the latest developments using new real-world business and policy examples. Regardless... more
84
Traditionally, the field of industrial organization has relied on two unrelated theories--the cross-section theory and the growth-of-firms theory--to explain cross-industry differences in concentration and within-industry skewness. The two approaches are based on very different mathematical structures and few researchers have attempted to relate them to each other. In this book, John Sutton unifies the two approaches through a theory that rests on three simple principles. The first two, a "survivor principle" that says that firms will not pursue loss-making strategies, and an "arbitrage... more
85
Talk about great timing. Rothbard's extraordinary book unravels the mystery of banking: what is legitimate enterprise and what is a government-backed shell game that can't last. His explanation is clear enough for anyone to follow and yet precise and rigorous enough to be the best, textbook for college classes on the topic. This is because its expositional clarity--in its hitosry and theory--is essentially unrivaled.
Most notably, he uses the T account method of explaining the relationship between deposits and loans, showing the inherent instability of fractional reserve banking... more
Most notably, he uses the T account method of explaining the relationship between deposits and loans, showing the inherent instability of fractional reserve banking... more
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For 1-Semester Principles of Microeconomics courses. This Principles of Microeconomics text uses 5 key principles, and an Active Approach to teach microeconomics. O'Sullivan/Sheffrin makes use of Active Learning Tools which get students involved in role-playing, help them apply concepts, and offer reinforcement of the material (tools include: Economic Experiments, Application Questions, and Test Your Understanding Questions). The text provides a clear, concise, and accessible presentation of key points. Its hallmark feature includes a focus on the 5 Key Principles of Economics--1) Opportunity... more
87
Microeconomics - individuals' choices of where to live and work, how much to save, what to buy, and firms' decisions about location, hiring, firing, and investment - involves issues that concern us on a daily basis. But when people think about economics, they tend to place importance on the bigger picture - macroeconomics - including issues such as unemployment, inflation, and the competitiveness of nations.
In this Very Short Introduction, Avinash Dixit argues that the microeconomy has a large impact on the economic world, arguably as much as the issues of... more
In this Very Short Introduction, Avinash Dixit argues that the microeconomy has a large impact on the economic world, arguably as much as the issues of... more
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Like a lens that brings the indistinct into focus, Parkin's Microeconomics introduces students to the art of seeing the invisible, teaching them interpret the story told by the economic indicators, uncover meaning hidden in the headlines, and gain a clear vision through economic analysis. An inspired teacher and crystal-clear writer, Michael Parkin has long been dedicated to helping students discover and apply the timeless principles of economics. Parkin invites students to: / See and understand the issues of our time in the brightest light, with the most compelling examples and clearest... more
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This revised edition provides an introduction to economics. less
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Shortform summaries help you learn 10x faster by:
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91
The most reader-friendly economics approach available, MICROECONOMICS FOR TODAY, 10E by national award-winning educator Irvin Tucker presents Macro and Micro economic concepts using a writing style that is both engaging and clear, no matter what your current level of economic understanding. A unique presentation and visual learning system, colorful graphs, and Causation Chains clarify and illustrate important economic principles. The book concisely presents and reinforces core concepts, while online resources immediately facilitate assessment of understanding, and will study the latest... more
92
The second edition of an essential text on the microeconomic foundations of banking surveys the latest research in banking theory, with new material that covers recent developments in the field.
Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the banking sector. The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in banking theory both for explaining the role of banks in the economy and for pointing out structural weaknesses in the banking sector that may... more
Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the banking sector. The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in banking theory both for explaining the role of banks in the economy and for pointing out structural weaknesses in the banking sector that may... more
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This book imparts an understanding of microecnomics through clear and logical expostition and demonstrates with examples the applicability of microeconomic tools to the Indian context. It covers current developments in the field, and shows the vitality and dynamism of microeconomic theory. less
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Reveals how to run an online business profitably in spite of the Internet's inherently free culture, disseminating the principles of a ''priceless economy'' in six categories that pertain to advertising, labor exchange, and advanced-version fees. less
Andrew Mayne@chr1sa Re-reading Free after a decade. Still a great book. It's interesting to see how things turned out. (Source)
Antonio EramThis book was recommended by Antonio when asked for titles he would recommend to young people interested in his career path. (Source)
Bogdana ButnarI thought I might put my money where my mouth is. I keep whining that young people are not in touch with some essential books on advertising that have helped me shape the way I practise my trade today, but I never did anything about it. So I am starting here the ultimate books to read list. I will add to it as I get suggestions and as more good books get written. (Source)
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From the bestselling author of Day to Day Economics
Why do saree emporiums and apparel shops offer heavy discounts on a few occasions during the year?
Why is it that airline tickets booked well in advance are always cheaper?
How would Phoolan Devi and Veerappan react to a case of Prisoners’ Dilemma?
Professor Deodhar explains the dynamics of pricing with respect to demand and supply and the various market structures like perfect competition, monopoly, monopolistic competition, and oligopoly through engaging everyday examples and case studies. With illustrative diagrams... more
Why do saree emporiums and apparel shops offer heavy discounts on a few occasions during the year?
Why is it that airline tickets booked well in advance are always cheaper?
How would Phoolan Devi and Veerappan react to a case of Prisoners’ Dilemma?
Professor Deodhar explains the dynamics of pricing with respect to demand and supply and the various market structures like perfect competition, monopoly, monopolistic competition, and oligopoly through engaging everyday examples and case studies. With illustrative diagrams... more
97
Few periods in history compare to the Great Depression. Stock market crashes, bread lines, bank runs, and wild currency speculation were worldwide phenomena--all occurring with war looming in the background. This period has provided economists with a marvelous laboratory for studying the links between economic policies and institutions and economic performance. Here, Ben Bernanke has gathered together his essays on why the Great Depression was so devastating.
This broad view shows us that while the Great Depression was an unparalleled disaster, some economies pulled up... more
This broad view shows us that while the Great Depression was an unparalleled disaster, some economies pulled up... more
Robert BarroProbably his most important contribution in terms of macroeconomics and financial economics. (Source)
Christina RomerBernanke’s focus turned out to be incredibly important. He changed our view of how monetary policy affects the economy. (Source)
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When should you think that you may be able to do something unusually well?
Whether you’re trying to outperform in science, or in business, or just in finding good deals shopping on eBay, it’s important that you have a sober understanding of your relative competencies.
The story only ends there, however, if you’re fortunate enough to live in an adequate civilization.
Eliezer Yudkowsky’s Inadequate Equilibria is a sharp and lively guidebook for anyone questioning when and how they can know better, and do better, than the status quo. Freely mixing debates on the... more
Whether you’re trying to outperform in science, or in business, or just in finding good deals shopping on eBay, it’s important that you have a sober understanding of your relative competencies.
The story only ends there, however, if you’re fortunate enough to live in an adequate civilization.
Eliezer Yudkowsky’s Inadequate Equilibria is a sharp and lively guidebook for anyone questioning when and how they can know better, and do better, than the status quo. Freely mixing debates on the... more
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A Course in Behavioral Economics 2e is an accessible and self-contained introduction to the field of behavioral economics. The author introduces students to the subject by comparing and contrasting its theories and models with those of mainstream economics. Full of examples, exercises and problems, this book emphasises the intuition behind the concepts and is suitable for students from a wide range of disciplines. less
Don't have time to read the top Microeconomics books of all time? Read Shortform summaries.
Shortform summaries help you learn 10x faster by:
- Being comprehensive: you learn the most important points in the book
- Cutting out the fluff: you focus your time on what's important to know
- Interactive exercises: apply the book's ideas to your own life with our educators' guidance.