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badger comments on The Best Textbooks on Every Subject - Less Wrong

167 Post author: lukeprog 16 January 2011 08:30AM

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Comment author: badger 30 April 2011 02:23:16AM 2 points [-]

Alright, hopefully I can give useful recommendations by this point...

Varian's Microeconomic Analysis is probably the best to learn the basics of consumer theory and GE analysis. Since these models don't have any frictions, there isn't any role for money. If you are interested in monetary models, try looking through Kiyotaki and Wright's On Money as a Medium of Exchange or Shapley and Shubik's Trade Using One Commodity as a Means of Payment. These are relatively accessible micro-founded models that should give you an idea of where to head, even if they don't make complete sense now. I don't think models like these have percolated into any textbooks yet.

Comment author: jsalvatier 30 April 2011 10:12:26PM 0 points [-]

OK, thanks! Those are all helpful suggestions.