Popular Economics Books Tier List

[@MarketPowerYT]

Interested in graduate school? ✅Get my FREE grad school application worksheet: marketpower.substack.com/p/gradschool-masterclass

[@aryankumarprasad1574]

Videos Recommendation: Economists Tier List

[@declanmellor2244]

I second this

[@stephenfraser9036]

Agreed! Would love to get your take on MMT, Austrian school, etc!

[@sbombfitness]

If you want a very introductory book on economics, I'd recommend Naked Economics and Naked Money. We used Naked Economics in my high school economics class and it really helped me fall in love with economics.

[@megathaziq8596]

Hey there, im an accounting student. By reading naked economics, do you think i can understand the content of the book without having any basic in economics ??but i did learned economics as my extra subject in high school. Or should i learn micro/macro first before reading any economics book?

[@oreki8707]

@@megathaziq8596 that book is like the most basic of economics, if u can read and write u can understand ir, besides if u are an accountant u should try something more advanced like mankiw for macro and pindyck rubinfield or varian or Nicholson snyder for micro

[@anarl1035]

🎯 Key Takeaways for quick navigation: 00:14 📚 The video discusses popular economics books and categorizes them into four groups: behavioral economics, heterodox economics, general economics, and development economics. 01:28 📖 "Predictably Irrational" by Dan Ariely is a book in behavioral economics. It's a good read, but the reviewer gave it a "D" rating, suggesting it may not be the best choice. 03:09 📚 "Nudge" is a well-known book about behavioral economics and the idea of guiding people's behavior without force. It's rated "B" by the reviewer. 03:53 📘 "Thinking, Fast and Slow" by Daniel Kahneman is an essential book in behavioral economics, offering insights into decision-making and cognitive biases. The reviewer rates it as "S" (top tier). 07:08 📈 "Capital in the 21st Century" by Thomas Piketty focuses on economic inequality and has been influential but is a dense and serious read, rated "C" by the reviewer. 07:48LExKxpijcpg&t=468s) 💰 "The Deficit Myth" by Stephanie Kelton discusses modern monetary theory (MMT), and the reviewer is in the process of reading it but has concerns about its content. 08:58 📕 "Naked Economics" and "Undercover Economist" are both general economics books. "Naked Economics" provides more economic principles, while "Undercover Economist" is more story-driven. Both are rated "B" by the reviewer. 11:34 📚 "Freakonomics" is praised for introducing people to the type of work economists do, and it's rated as an "A" by the reviewer. "Super Freakonomics" is criticized for trying too hard to be edgy and is not as highly regarded. 14:51 🌏 "Why Nations Fail" by Daron Acemoglu and James Robinson delves into the role of institutions and their impact on a country's success, and the reviewer gives it an "A" rating. 16:29 🌱 "Poor Economics" by Abhijit Banerjee and Esther Duflo focuses on micro-level development economics and how to help poor families in developing countries. It's rated "S" by the reviewer.

[@CriterionCafe]

Saying Heterodox Economics is merely inspired by Marxist is kind of reductionist. What about the Austrian, Post-Keynesian, Institutional, Anarcho, etc. schools of economics? Mainstream economics isn't just economics "that is not Marxist". Additionally, I don't feel you can accurately claim that Piketty is a Marxist economist.

[@jake______]

Marxism is when no neoliberal capitalism.

[@yazeedmasri8622]

i fully agree, i feel like he kind of nullifies Marxism because his parents told him it was a bad this so he shits on it a lot along with disingenuously representing Marxism.

[@raaaaaaaaaam496]

@@yazeedmasri8622 no it’s cause Marxism is stupid.

[@raaaaaaaaaam496]

@@jake______ neoliberalism is based

[@jake______]

@@raaaaaaaaaam496 based in unrealistic assumptions hayooooo

[@jake.p533]

Capital In the 21st centruy has to be higher then C just for the sheer magnitude of data involved in writing. Personal bais aside its an impressive peice of work.

[@whatsinaname691]

Quality over quantity

[@schneeaddict]

I think a great future video topic would be looking at sources for keeping up on what's going on in the world of Economics. Both unreviewed/less technical stuff (like blogs, reddit, forums, podcasts, etc) and for peer-reviewed research. I'd also be interested in any tips you might have for accessing peer-reviewed papers for those of us who have graduated and don't have a library that provides access to various journals.

[@timc1604]

Piketty and Kelton are Marxists?! They are left of center but not Marxists. Respectfully, you don’t know much about Marxian economics and aren’t qualified to judge this school of thought if you consider these books Marxist. I’m not a Marxist, but I have studied it as I have recently become interested in heterodox economics, such as Austrian and Post-Keynesian. I recommend Marxian economics: An Introduction, by David Ruccio, to genuinely try to understand this economic school of thought.

[@thuhuongle4976]

Yes. Please make the Freakonomics 16 years later video. It would be awesome to hear about strong claims in research and how they can go wrong over time. Thank you for your videos!

[@tylerkolota]

The Origin of Wealth by Eric D. Beinhocker A nice way to expose someone to economic history/wealth creation, complexity economics/evolutionary economics, networks, and game theory computer models. Quite a wide-ranging read in economics.

[@StickmanA]

I feel like I made more decisions about economics from reading history and political books

[@johnston4417]

Any good historical economics books for a read.

[@mattwinters5999]

I did my undergrad at a behavioral econ school and am currently doing my thesis in behavioral econ. Kahneman is definitely one of my favs. Id also suggest anything by Gary Becker to anyone interested in the subject. In terms of other books, id put Economical Writing by Deirdre McCloskey and Mastering Metrics by Angrist and Pischke high up there as must reads.

[@merz2686]

Do you by any chance take experiment economics classes along with your behavioural economics classes, nowadays, it seems to be a trend, ‘behavioural and experimental economics’, maybe you could pitch in your thoughts about that I'll find it really helpful.

[@neochatterbox516]

Ah yes, Gary Becker, the man who once claimed that "an efficient division of labor is perfectly compatible with exploitation of women by men."

[@tuckerbugeater]

@@neochatterbox516 I'm sick of these academics ruining our lives.

[@maxolotl3]

"Basic Economics" by Thomas Sowell was my first Economics book. It taught me SO much! Recently, I enjoyed by "Good Economics for Hard Times" Abhijit Banerjee and Ester Duflo.

[@justynsweeting]

Same! It was a great book

[@melihersoy9865]

Thanks for the information.

[@user-mi5xq8zj7u]

Same here. I read the book twice. Sadly, my opinion on the man had changed over the years, given how hard he’d leaned on the message that black people really need to stop complaining and have no one but themselves to blame. This message really resonates with white conservatives and encourages apathy on their part

[@bane3991]

​@@user-mi5xq8zj7uI read all of Sowells books. He's telling black people to stop blaming white people and get their act together. He thinks people who say otherwise are enabling their behavior and will never get better. I'm not a white conservative. I'm a Libertarian. But he's factually correct

[@user-mi5xq8zj7u]

@@bane3991 yeah but I think he went too far. There’s a difference between recognizing and fighting against learned helplessness and denying that there’s a problem at all. As an economists, it’s disingenuous to omit information that clearly goes against your core argument and pretend the situation is easy and simple

[@adinaasanova8206]

How about 23 things they don't tell you about capitalism by Ha Joon Chang for development econ?

[@CitsVariants]

This

[@aseth9541]

I'd love for you to review changes in pop-economics in general. Please make a video on what doesn't hold up well for Freakonomics, WNF, Thinking Fast and Slow!

[@perseusvlasov367]

What is wnf?

[@aseth9541]

@@perseusvlasov367 why nations fail

[@frantzeyssallenne6387]

In regards to Heterodox Economics, I have seen you mention Marxism in this video and priors. Would it be possible to hear your take on the Austrian School overall? Menger, Mises, Hayek, Etc..

[@bonicheque6127]

You are the most underrated KZbinr

[@matthewb3933]

Any books on economic history (either by historians or economists)? I have been reading Time on the Cross and so far it is fascinating and shocking.

[@yerassylmukhamediyar4818]

What about "32 things they don't tell you about capitalism"? I mean, some points there...they are extremely radical but also...some of the ideas are great I just do not know how to feel about this book

[@RMSounds]

What about Thomas Sowell and his Basic Economics. Absolutely essential

[@gibsonegan8448]

I’ve only taken high school economics so far but after one year of Macro and Micro I decided to pursue it in college. Someone recommended Basic Economics by Thomas Sowell and I’ve enjoyed it so far. Where would you rank that book?

[@megathaziq8596]

Hey gibson, im an accounting student.. do you think i should read/learn micro or macro before i can read all these economics books? Or i could just straight away read any economic book? Btw i did take economics during high school tho

[@juancarlosvaleron4850]

Shouldn't Milton Freidman's free to choose be a book on the Chicago school of economics - laissez faire policies and all ? It was an absolute eye opener to me on why tweaking things in the economy is a very bad idea. Also, if someone wanted to upgrade their skills to say a phD level (without getting into a program) in Economics - what are the primer, intermediate and advanced books you would recommend ?

[@LaFacedera]

Thomas Piketty a marxist? What?

[@DingissMcGee]

What about Applied Economics by Thomas Sowell?

[@GeniusOnHisWay]

Literally neither Capital nor Deficit Myth are Marxist Literature. Heterodox would have been a much more accurate descriptor

[@SgtPayneX]

S Tier: Introductory Econometrics: A modern Approach

[@wenkaiyang1487]

I would recommend textbooks first before someone reads the popular books. that way they have theories in mind

[@MarketPowerYT]

What's your favorite economics book?

[@ldjn6421]

Its not fully about economics, but "The prosperity paradox" by Clayton Christensen

[@MarketPowerYT]

That was one of my very first videos! kzbin.info/www/bejne/qIeWcqSvi7VnqZI

[@jakkeddaw]

"Nobody Knows How to Make a Pizza" - Julie Borowski

[@econeffects9808]

'Economics in one lesson' Henry Hazlitt. it's a book that mainly focuses on 'The Broken-Window Fallacy'

[@007Anukul]

The Worldly Philosophers

[@vandanakharya6774]

Recommend Economics books to know the stock market please

[@dlhf728]

Many thanks for this video! Also, Nudge is going to receive a Final Edition in ~August. Could you make a review of that book when it comes out and compare it with the now "older" version?

[@jyotsnavarkey1482]

Please do the video on Freakonomics! I'd love to see what you have to say about it.

[@Foxglovekurta]

Really nice video, so many different books to chose from!

[@paulspringwood7190]

Why are you labeling Post Keynesian books as Marxist literature?

[@colbycalabrese8417]

I read the cartoon book in my first Micro class, and it was an excellent introduction, and it’s a pretty quick read!

[@Cartersvillain]

If I may recommend a book, and author, that most people have never heard of who very muched challenged me: Ethics and the National Economy, Heinrich Pesch Additionally, the translator for this novel (and most of Pesch's work) Rupert Ederer has an amazing book on monetary theory: The Evolution of Money I'd also like to see your take on books by economist foundational to current Western thought such as Schumpeter, Hayek, Becker.

[@sharulfitri]

I'm more interested into macroeconomics, money n banking, etc. Can you suggest any books that related to my interests?

[@marcostejeda5910]

Anwar Shaikh's Capitalism: Competition, Conflict, Crises. Any thoughts?

[@spacedigger1460]

i am here to learn economics to apply in stock picking and investing for long term

[@BookTimeWithRyan]

Have you done the Mystery of Capital? I enjoyed that one and finally figured out who this de Soto guy was (I kept thinking people were referencing the explorer).

[@mr.e2962]

Mark Skousen Economic Logic is an excellent textbook for economics. Highly recommend it.

[@sebastiancontreras2089]

I love your videos man. Thank you for all your work.

[@maxsacher]

Speaking of comic books for your son, I think either the Treasury or the Fed used to make comic books on economics. My dad got them for me when I was in 3rd grade and they were great. Dont know if they still make em.

[@MarketPowerYT]

Is this what you're talking about? www.newyorkfed.org/outreach-and-education/comic-books

[@maxsacher]

@@MarketPowerYT Haha that's it! Those were great introductions from what I remember.

[@trixn4285]

Two books you should consider adding to you list: 1) "Macroeconomics" (2019) by Mitchell, Wray and Watts and 2) "The 7 Deadly Innocent Frauds of Economic Policy" by Warren Mosler which is also available for free as a pdf. The first one is a comprehensive macroeconomics textbook (hence the title ^^) covering everything from history of monetary systems to the inner workings of modern fiat money systems, different competing models in mainstream and heterodox economics and recent crisis analysis. The second one is a pretty small book that debunks some major myths about economic policy. Both are a must-read.

[@StickmanA]

Added a couple of these to my to read list thanks. Freakonomics would be better on a fiction list. Would you do a video on what finance/economies have become? We still don't have a name for printing money and total faith in numbers on screens, inflating currencies but also inflating the amount of products to spend on to match each other etc.

[@solimineifeanyichukwu9185]

What are the best economics books to study in first and second semester?

[@KK-kz8kf]

I think Basic Economics from Sowell Thomas is good for beginners.

[@ruskibeaner5983]

Sowell's Basic economics?

[@timedwards620]

Best economics textbooks could be very useful!

[@mjl2523]

Please make a video about Freakanomics then and now. All the news lately about reversing Row v Wade always makes me think about this book.

[@bernardogarcia8607]

How would you rate basic economics by Thomas Sowell

[@markcarls1896]

Just finished my Econ undergrad. You're a champ!

[@ifeanyiclintonnwachukwu3283]

Good Job man! I left school for 5 year now I want to go back for my master's degree what is the best books to bring memory back

[@RougeMystic]

Do you have any book recommendations on Neo-Ricardian economics for folks who are beginners or just only have taken economics in high school?

[@persenbp4160]

Which ones are the best suited for self-studying Economics please

[@dakalodk]

My first Economícs books was Introducti to economics

[@ifeanyiclintonnwachukwu3283]

DEVELOPMENT ECONOMICS and Environmental Economics which is better to be study in Masters as a

[@etbedtalksAOH]

'Trillion dollar economists ' A pretty solid book on the way Economists influence policy and decisions

[@angelodurigon4179]

What's your opnion on Amartya Sen's Developmento as Freedom? I just bouth it and want to start reading this week

[@delvega1975]

George Reisman's book Capitalism: A Treatise on Economics 🙂.

[@am1475gr8]

Nice . Will you please make video on books on maths for economists .

[@LittleLouieLagazza]

First-time viewer to your channel--immediately liked and subscribed and am now proceeding to binge-watch. Commenting to spite Big Brother Google's repressive thought-police algorithm filters =D Keep up the tempo!!!

[@SevenRiderAirForce]

You should cover Basic Economics by Sowell and Economics in One Lesson by Hazlitt!

[@RMSounds]

this

[@kandrenai]

What are your opinions on the Austrian school of economics?

[@roadtoad3484]

I am reading GDP A Brief but Affectionate History by Diane Coyle. I am enjoying it. Have you read this book?

[@RyanLasek]

Yoooooooo where's the Thomas Sowell??????

[@raferguo2618]

any Austrian economics books suggest？

[@neilpradhan1312]

You have missed a great book “Basic Economics” by Thomas Sowell

[@MrJonespwnes]

Yes, please maske the video on Freakonomics. Perhaps you could do the same for Thinking, Fast and Slow :)

[@BookTimeWithRyan]

Oh man, I needed this. Have you read Adaptive Markets by Andrew Lo? I enjoyed it.

[@upstateNYfinest]

I love ur channel dude, dont stop ever

[@raquellima1617]

Any thoughts on The Black Swan by Nassim?

[@josemartinrodriges83]

Can you review or comment on “The Economist’s View of the World”. I’ve heard people call it outdated but a professor that I’m interested doing research with gave it to me to read.

[@k.s.6485]

Isn‘t Piketty a post-keynesian

[@nandnijoshi8631]

hello, you've great content. Can you help me find some courses as an add-up in major in econ?

[@ifeanyiclintonnwachukwu3283]

How can get Naked Economics, Why Nations Fail, and poor Economics in preparation for my master's degree in developmental Economics . Thanks

[@stylishmitochondria2556]

Where's the undercover economist

[@ahanz5757]

I am a working adult studying Econs on my own. Do u have 1 or more textbooks u can reccomend?

[@nicbahtin4774]

what about Thomas Sowell Basic Economics

[@yanntanguay8498]

Seeing you drop "The Deficit Myth" under F was way too satisfying.

[@bobmarleyno.1467]

Even though I disagree with most of what Kelton claimed in the book it was still well written and an essential read to understanding MMT which is undeniably becoming more popular and mainstream. So the F rating felt a bit weird.

[@yanntanguay8498]

@@bobmarleyno.1467 It's an essential for understanding our current political economy but a poor place to look for good economic reasoning and methodology (which I believe is what was being ranked here). I'd recommend it for the same reason I recommend people read Marx.

[@bobmarleyno.1467]

@@yanntanguay8498 Even if you and I don't accept that MMT accurately describes the economy, there were some really good points for normal Keynesians relating to the deficit. As Paul Krugman said most of MMT's main points are essentially normal Keynesianism rebranded. Mostly the points relating to the deficit under a fiat system. Now while I disagree that we could keep stacking debt up even in a boom I nevertheless believe that the book gives some pretty good mainstream points as to why running large deficits doesn't destroy the economy. Those good points and the fact that the book was just well written, essential for the political climate, and easy to understand the F just seems unjustified.

[@siddharthjoshi6811]

What is the e reader you were using?

[@MarketPowerYT]

reMarkable 2. I love it.

[@RevengeoftheEnts]

Any thoughts on doughnut economics by Kate Raworth?

[@samuelcamachopalencia5737]

I was so excited to read it but then I did and I didn’t like it at all. It was very basic and doesn’t include many economic concepts who would expect. I recommend you just look up a summary of it to be honest.

[@emmanuelabeng3442]

I need to know the best materials on applied economics

[@randomguy2809]

Wish you would look at a few works by Thomes Sowell

[@tahaoz2122]

Thomas Sowell claims Thomas Piketty's Capital has a lot misinformation in it.

[@jms974]

I learned all I need to know about "inequality" reading sowell's "discrimination and disparities" to be honest.

[@thebeatboxguy]

What r the meaning of tiers??

[@richardbowker1338]

What is an RCT?

[@ifeanyiclintonnwachukwu3283]

The Cartoon Economics book is another choice help me to get it

[@markscheck]

The Great Wave, Price Revolutions

[@cabzzzzzzz]

Props for the respect you gave Poor Economics and Thinking Fast and Slow! I just wondered if you have come across Why Gender Matters in Economics BY Mukesh Eswaran?

[@imanmalekshahi3497]

I'd love to know your thoughts on a fairly aged book: transforming traditional agriculture by Schultz

[@kshitijshekhar1144]

Basic Economics by Thomas Sowell. No math, graphs etc. Straight to the point and makes the case for free market capitalism(the best kind of economic system)

[@chaineeconomie4534]

Everyone know that the best economic's book is "Basic laws of human stupidity" by Cipolla

[@robbiecee2]

Capitalism and Freedom Basic Economics (Sowell)

[@starkcontrast8480]

I seen videos of people using Sociology and the sociological imagination to male links between the state of the world, its problems, and possible solutions all through a more comprehensive historical approach.

[@eliasrutten3814]

Why Nations Fail in A tier and Capital in C tier. Can't take it serious tbh.

[@antonnovo695]

Mostly mainstream propaganda. If you really want to know what makes you tick, read 'The Emotion Code' by Dr Brad Nelson.

[@logancoplan9359]

You rated the deficit myth without finishing it. it’s very obvious you haven’t read it because you’re calling it Marxist which is plainly ridiculous. MMT is not a left wing, or right wing economic theory for that matter, and it’s certainly not Marxist. MMT is complex but mainly points out that money is unlimited while real goods and resources are what is limited, this implies unemployment in an economy is a policy choice caused by an insufficient government deficit. If you want to generate the needed deficit through tax cuts that would be a conservative MMT solution, while increased spending to generate the deficit would be a liberal MMT solution. TLDR MMT can be left or right wing it’s just an economic theory

[@sys_snob]

Weird how you ranked Naked Economics above Capital when the latter (Capital) was more technical, fundamental, and used so much data. I think your bias shows through here. But maybe your target audience are high school kids...

[@OctavioVlogs]

Yesss do a freakonomics 16 years later

[@CapnSnackbeard]

You ought to read "Debt: the First 5000 Years," so you can understand how out of touch with reality economists are.