Jayson_Virissimo comments on I want to learn economics - Less Wrong

8 Post author: alexflint 13 January 2011 11:02PM

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Comment author: Jayson_Virissimo 14 January 2011 05:51:13AM *  4 points [-]

Microeconomics

Beginner: Hidden Order: The Economics of Everyday Life by David Friedman.

Intermediate: Intermediate Microeconomics: A Modern Approach by Hal Varian.

Advanced: Microeconomic Analysis by Hal Varian.

Macroeconomics

I would avoid macroeconomics until you grok microeconomics (and maybe even then), but if you must read something, read Macroeconomic Patterns and Stories by Edward Leamer.

Comment author: Matt_Simpson 14 January 2011 08:32:10AM *  1 point [-]

I second hidden order as a great introduction to microeconomics. If you're a true beginner, read that first and THEN jump into a textbook with math.

I also second everyone suggesting that you avoid macro for a bit until you understand micro. Macro seems to have much less settled theory than micro.

Comment author: conjectures 20 January 2011 09:41:08AM *  0 points [-]

Varian's Intermediate Microeconomics is good. I haven't read Microeconomic Analysis which is apparently more advanced.

The reason I found Varian useful is that principle is paired with math; fairly rigorously up until the later chapters. I also read Mankiw's Principles of Economics, but you don't finish that book able to do any economic number crunching.

On the math side it's mainly differential calculus and algebra. If you have a base there already I suspect it will actually be easier and quicker to absorb the principles from a text with math - since they derive from it.

Comment author: jsalvatier 14 January 2011 10:25:32PM *  0 points [-]

I second the suggestion to avoid macro for a long time since there is so very much confused macro writing. It is a field in need of rationalists.

I also used Varian's book for intermediate macro (EDIT: micro), and I thought it was decent.