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𝗧𝗵𝗿𝗲𝗲 𝗠𝘂𝘀𝘁-𝗥𝗲𝗮𝗱 𝗕𝗼𝗼𝗸𝘀 𝗯𝘆 𝘁𝗵𝗲 𝟮𝟬𝟮𝟰 𝗡𝗼𝗯𝗲𝗹 𝗟𝗮𝘂𝗿𝗲𝗮𝘁𝗲𝘀 𝗶𝗻 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀  🏆 Whether you're an economist, a student, or simply curious about how the relationship between institutions and economic growth works, these books are a great way to start. #NobelPrize2024 #Economics #MustRead #BookRecommendations #NobelLaureates #Economists

Its been quite a time that I got acquainted with a book which keep my mind. #doughnuteconomics by Kate Raworth of University of Oxford, made it in my mind shelf. Few striking lines of this book which was quite relevant for me as I was working on some #econometric models mainly on choosing dynamic effect (asymmetries) to quote: "Rethinking #economics is not about finding the correct model (because it does not exist), it is about choosing or creating one that best serve our purpose - reflecting the context we face, the values we hold, and aims we have. As humanity's context, values and aims continually evolve, so too should the way that we envision the economy" (Raworth, 2017). #economist #model #econometrics #economics

Discover the future of economics with "The Abundance Economy" by Virginie Glaenzer. 🌍📖 This book challenges traditional economic models and explores innovative ways to think about wealth and abundance in the Information Age. Shift your mindset and embrace a new wave of innovation! Learn more and get your copy here: https://lnkd.in/dseREb8Z #TheAbundanceEconomy #VirginieGlaenzer #Economics #Innovation #WealthRedefined #MustRead

Nine O’Clock Weekly printed Edition, January 24-39, 2024! Subscription of our printed NINE O'CLOCK WEEKLY. You get 52 Weekly Issues every Monday of the week, either by the Manpres courier or by FAN Courier, in an Annual Subscription for only 200 euro! Can you order your subcription here: www.manpres.ro #economy #economics #business #news #romanianews #Nineoclocknews

THE BEIGE BOOK, published by the Federal Reserve System eight times each year, characterizes regional economic conditions and prospects based on a variety of qualitative information gathered directly from each District’s sources. VIEW/DOWNLOAD THE BOOK: https://lnkd.in/g3GupBFX #federalreserve #economics #beigebook

Just started reading "Economic Rules" by Dani Rodrik – a deep dive into how economic models shape our understanding of the world. One of the quotes that really stood out to me: "95 percent of economics is common sense — made to look difficult, with the use of jargon and mathematics." Rodrik's perspective reminds us that while economics can often seem overly complex, the core ideas are rooted in straightforward logic. It's a great reminder for anyone working in finance or economics: don’t get lost in the technicalities, focus on the practical insights that drive real-world decision-making. Definitely will finish my reading soon. Highly recommend this book to anyone interested in the foundations of economic thought! #finance #economics #economicmodels

Insightful perspectives from Thomas Sowell, author of Basic Economics, on social justice fallacies, title of his recent book, 2023. A must watch for anyone who is interested in the subject. #thomassowell #economics #socialjustice https://lnkd.in/dFR-aCqy

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Samuel Gregg your book The New American Economy is excellent. I highly recommend it. However, I am concerned about the binary view on tariffs which many economists are writing about these days. Many people take Adam Smith's words and try to interpret them to align with a purist theory that all tariffs are always bad because there is a pure global free market that operates without manipulation. I wanted to find a reading of Adam Smith without the forced anti-tariff rhetoric repeated by the masses and with the reality that a Global free market is a default position and a goal, but not reality: https://lnkd.in/eb7SM_fN As Adam Smith stated: Smith on Tariffs Generally opposed to tariffs, Adam Smith didn’t object to them absolutely. For example, he thought they were important for preserving domestic production of goods essential to national security: There seem, however, to be . . .  cases in which it will generally be advantageous to lay some burden upon foreign for the encouragement of domestic industry. {One such case} is when some particular sort of industry is necessary for the defence of the country. (Modern Library Edition, 492)  He also thought tariffs could be useful in circumstances where reciprocity was lacking, such as when some foreign nation restrains by high duties or prohibitions the importation of some of our manufactures into the country. (497) He had doubts about how effective this approach would be, but those who don’t like the passage tend to present only half the story, making his doubts seem more absolute than they were. So, the idea that Adam Smith was a free trade fundamentalist is not consistent with his own writings. Their summary is more in line with an open dialog about the uses of tariffs: "As we consider onshoring and ensuring we have surge capacity at home, it is worth considering whether tariffs might actually promote domestic competition, and offset anticompetitive incentives baked into the global trading system. The degree to which tariffs can be effective will depend on a variety of factors, including market structure. But the reflexive hostility to them is worth reexamining. The anti-tariff crowd will consider tariffs distortive. Distortive of what, though? This line of argument assumes there is  some sort of global free market. But there isn’t. The system is already riddled with cost distortions and market failures. No doubt tariffs are a suboptimal solution. The optimal solution is to have domestic and global systems that promote fair competition. Until we get there, however, tariffs may be a means to the end." My take: Tariffs may be needed temporarily to respond to market conditions, just as armed combat is needed to respond to acts of war. We need to end both as soon as the conflict is peacefully resolved.

Here's my latest read, "The Wealth of Nations". A book which I would recommend. “The Wealth of Nations” is a seminal book written by Adam Smith and published in 1776. It is considered one of the most influential books in the history of economics and is often regarded as the foundational text of modern capitalism. It introduces the concept of the 'invisible hand' and explores the benefits of free trade, division of labor, and economic growth. Author argues that individuals acting in their own self-interest can lead to socially beneficial outcomes, shaping the field of economics and influencing generations of thinkers. Smith also discusses the concept of the "wealth of nations," which he sees as a nation's ability to produce goods and services, rather than just accumulating gold and silver. The book critiques mercantilism and argues for a more laissez-faire approach to economic policy. It is a foundational work that has shaped the field of economics and continues to influence economic thought to this day. #Economics #AdamSmith #TheWealthOfNations #Capitalism #Business #Finance #FreeTrade #EconomicGrowth #InvisibleHand #BookRecommendation