economics...

economics...

It's a long shot, but can anyone recommend any decent basic economics books out there?

I thought it better than to put it in the main forum

what do you mean by basic?

economics is such a broad subject its like asking for a basic book on nature.

micro/macroeconomics

corporate style stuff..

A book by stiglitz is a good one, il dig out my 1st year reading lists if you want??

This is 3rd year monetary policy stuff, cant find any 1st year stuff yet.

Alesina, A. (1988), ‘Macroeconomics and Politics’, National Bureau of Economic Research Macroeconomics Annual.
*Alesina, A . (1989), ‘Politics and Business Cycles in Industrial Democracies’, Economic Policy, April.
Alesina, A. and Gatti, R. (1995), ‘Independent Central Banks: Low Inflation at No Cost?’ American Economic Review, May.
*Alesina, A. and Summers, L.H. (1993), ‘Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence’, Journal of Money, Credit and Banking, May.
Alesina, A. and Roubini, N. with Cohen, G.D. (1997), Political Cycles and the Macroeconomy: Theory and Evidence, Cambridge, MA: MIT Press.
Bean, C. (1998), ‘The New UK Monetary Arrangements: A View From the
Literature’, Economic Journal, November.
Balls, E. and O’Donnell, G. (eds) (2002), Reforming Britain’s Economic and
Financial Policy, Basingstoke: Palgrave.
Bank of England, Economic Models at the Bank of England (1999),
Chapter 1. See http://www.bankofengland.co.uk/Links/setframe.html
*Bank of England Monetary Policy Committee Web-page,
http://www.bankofengland.co.uk/Links/setframe.html
*Bernanke, B.S. and Mishkin, F.S. (1997), ‘Inflation Targeting: A New
Framework for Monetary Policy’, Journal of Economic Perspectives, Spring.
*Bernanke, B.S., Laubach, T., Mishkin, F.S. and Posen, A.S. (1999),
InflationTargeting: Lessons from the International Experience, Princeton:
Princeton University Press.
*Blackburn, K. and Christensen, M. (1989), ‘Monetary Policy and Policy
Credibility’, Journal of Economic Literature, March.
Blinder, A.S. (1997), ‘What Central Bankers Can learn From Academics and
Vice Versa’, Journal of Economic Perspectives, Spring.
*Brown, G. (1997), ‘Letter from the Chancellor to the Governor: 6th May 1997’, Bank of England Quarterly Bulletin, August.
Brown, G. (2001), ‘The Conditions for High and Stable Growth and Employment’, Economic Journal, May.
*Budd, A. (1998), ‘The Role and Operations of the Bank of England Monetary Policy Committee’, Economic Journal, November.

Try books by Adam Smith for basic 1st year stuff, on basic market theory ''invisible hand'' stuff.

My lecturer Brian Snowden has published a good basic 1st/2nd year book.

And the Stiglitz book I mentioned earlier got my through 1st year.

'*Brown, G. (1997), ‘Letter from the Chancellor to the Governor: 6th May 1997’, Bank of England Quarterly Bulletin, August.

that sounds like a riveting read. geddin there scruf

Economics is really interesting once you understand the basic concepts, which you clearly have not grasped yet.

I keep meaning to read a book on economics, I can't get my head around what money actually is and why it works the way it does.

bingo.. I'm considering dabbling in stocks and investment when I've cleared my debts so I want a broad knowledge of the markets and the above..

I have a fairly limited grasp so something that teaches the fundamentals is what I'm after..

the people who really know how to do that don't write books about it. or teach economics.

“Economists are people who work with numbers but don't have the personality to be accountants."

Well in that case I need to know the basic levels, I want information on a process level, what happens, why it happens, who does what.. I know enough to follow the news but when I read the Business section in the paper I get lost in a sea of obscure terminology that even Wikipedia can't clearly explain..

In a word I want the rules of the table explaining..

Haha you actually don't have a clue what economists do, do you? ?

get back to detox, crusty

Ive just done an investment module, we had an imaginary £100,000,000 to construct a medium risk portfolio for a client. Il try and dig out the text books I used.

The theory behind why & what to invest in is in my opinion :spangled: :spangled: but il have a dig around for the shizzel I used.

does it involve imagining you have a £100,000,000 ?

No thats finance, not economics

The first paper note was created by the bank of England last century(i think). What would happen was someone would walk into the bank and hand over however amount of money in coins and you'd get back a peice of paper. You could then go back and claim back how much you are owed. That is why on bank notes it has 'I promise to pay the bearer on demand the sum of...'



I wonder if money as we know it will ever cease to exist. Do you think we'll live to see the day where we will use some sort of electronic crediting system and no notes/coins.