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@aryankumarprasad15743 жыл бұрын
Videos Recommendation: Economists Tier List
@declanmellor22443 жыл бұрын
I second this
@stephenfraser9036 Жыл бұрын
Agreed! Would love to get your take on MMT, Austrian school, etc!
@sbombfitness2 жыл бұрын
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.
@megathaziq85962 жыл бұрын
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?
@oreki87072 жыл бұрын
@@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
@anarl103510 ай бұрын
🎯 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.
@CriterionCafe3 жыл бұрын
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______3 жыл бұрын
Marxism is when no neoliberal capitalism.
@yazeedmasri86223 жыл бұрын
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.
@raaaaaaaaaam4963 жыл бұрын
@@yazeedmasri8622 no it’s cause Marxism is stupid.
@raaaaaaaaaam4963 жыл бұрын
@@jake______ neoliberalism is based
@jake______3 жыл бұрын
@@raaaaaaaaaam496 based in unrealistic assumptions hayooooo
@jake.p5333 жыл бұрын
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.
@whatsinaname6913 жыл бұрын
Quality over quantity
@schneeaddict3 жыл бұрын
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.
@timc16043 ай бұрын
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.
@thuhuongle49763 жыл бұрын
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!
@tylerkolota3 жыл бұрын
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.
@StickmanA3 жыл бұрын
I feel like I made more decisions about economics from reading history and political books
@johnston44172 жыл бұрын
Any good historical economics books for a read.
@mattwinters59993 жыл бұрын
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.
@merz26863 жыл бұрын
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 Жыл бұрын
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 Жыл бұрын
@@neochatterbox516 I'm sick of these academics ruining our lives.
@maxolotl33 жыл бұрын
"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.
@justynsweeting3 жыл бұрын
Same! It was a great book
@melihersoy98652 жыл бұрын
Thanks for the information.
@user-mi5xq8zj7u Жыл бұрын
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 Жыл бұрын
@@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 Жыл бұрын
@@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
@adinaasanova82063 жыл бұрын
How about 23 things they don't tell you about capitalism by Ha Joon Chang for development econ?
@CitsVariants5 ай бұрын
This
@aseth95413 жыл бұрын
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 Жыл бұрын
What is wnf?
@aseth9541 Жыл бұрын
@@perseusvlasov367 why nations fail
@frantzeyssallenne63873 жыл бұрын
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..
@bonicheque61273 жыл бұрын
You are the most underrated KZbinr
@matthewb39333 жыл бұрын
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.
@yerassylmukhamediyar48183 жыл бұрын
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
@RMSounds2 жыл бұрын
What about Thomas Sowell and his Basic Economics. Absolutely essential
@gibsonegan84483 жыл бұрын
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?
@megathaziq85962 жыл бұрын
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
@juancarlosvaleron48502 жыл бұрын
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 ?
@LaFacedera2 жыл бұрын
Thomas Piketty a marxist? What?
@DingissMcGee3 жыл бұрын
What about Applied Economics by Thomas Sowell?
@GeniusOnHisWay Жыл бұрын
Literally neither Capital nor Deficit Myth are Marxist Literature. Heterodox would have been a much more accurate descriptor
@SgtPayneX2 жыл бұрын
S Tier: Introductory Econometrics: A modern Approach
@wenkaiyang14872 жыл бұрын
I would recommend textbooks first before someone reads the popular books. that way they have theories in mind
@MarketPowerYT3 жыл бұрын
What's your favorite economics book?
@ldjn64213 жыл бұрын
Its not fully about economics, but "The prosperity paradox" by Clayton Christensen
@MarketPowerYT3 жыл бұрын
That was one of my very first videos! kzbin.info/www/bejne/qIeWcqSvi7VnqZI
@jakkeddaw3 жыл бұрын
"Nobody Knows How to Make a Pizza" - Julie Borowski
@econeffects98083 жыл бұрын
'Economics in one lesson' Henry Hazlitt. it's a book that mainly focuses on 'The Broken-Window Fallacy'
@007Anukul3 жыл бұрын
The Worldly Philosophers
@vandanakharya67743 жыл бұрын
Recommend Economics books to know the stock market please
@dlhf7283 жыл бұрын
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?
@jyotsnavarkey14823 жыл бұрын
Please do the video on Freakonomics! I'd love to see what you have to say about it.
@Foxglovekurta3 жыл бұрын
Really nice video, so many different books to chose from!
@paulspringwood71902 жыл бұрын
Why are you labeling Post Keynesian books as Marxist literature?
@colbycalabrese8417 Жыл бұрын
I read the cartoon book in my first Micro class, and it was an excellent introduction, and it’s a pretty quick read!
@Cartersvillain3 жыл бұрын
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 Жыл бұрын
I'm more interested into macroeconomics, money n banking, etc. Can you suggest any books that related to my interests?
@marcostejeda5910Ай бұрын
Anwar Shaikh's Capitalism: Competition, Conflict, Crises. Any thoughts?
@spacedigger14602 жыл бұрын
i am here to learn economics to apply in stock picking and investing for long term
@BookTimeWithRyan3 жыл бұрын
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 Жыл бұрын
Mark Skousen Economic Logic is an excellent textbook for economics. Highly recommend it.
@sebastiancontreras20892 жыл бұрын
I love your videos man. Thank you for all your work.
@maxsacher3 жыл бұрын
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.
@MarketPowerYT3 жыл бұрын
Is this what you're talking about? www.newyorkfed.org/outreach-and-education/comic-books
@maxsacher3 жыл бұрын
@@MarketPowerYT Haha that's it! Those were great introductions from what I remember.
@trixn42852 жыл бұрын
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.
@StickmanA3 жыл бұрын
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.
@solimineifeanyichukwu91852 жыл бұрын
What are the best economics books to study in first and second semester?
@KK-kz8kf2 жыл бұрын
I think Basic Economics from Sowell Thomas is good for beginners.
@ruskibeaner59833 жыл бұрын
Sowell's Basic economics?
@timedwards6203 жыл бұрын
Best economics textbooks could be very useful!
@mjl25233 жыл бұрын
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.
@bernardogarcia86073 жыл бұрын
How would you rate basic economics by Thomas Sowell
@markcarls18962 жыл бұрын
Just finished my Econ undergrad. You're a champ!
@ifeanyiclintonnwachukwu32832 жыл бұрын
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
@RougeMystic2 жыл бұрын
Do you have any book recommendations on Neo-Ricardian economics for folks who are beginners or just only have taken economics in high school?
@persenbp41603 жыл бұрын
Which ones are the best suited for self-studying Economics please
@dakalodk7 ай бұрын
My first Economícs books was Introducti to economics
@ifeanyiclintonnwachukwu32832 жыл бұрын
DEVELOPMENT ECONOMICS and Environmental Economics which is better to be study in Masters as a
@etbedtalksAOH3 жыл бұрын
'Trillion dollar economists ' A pretty solid book on the way Economists influence policy and decisions
@angelodurigon41793 жыл бұрын
What's your opnion on Amartya Sen's Developmento as Freedom? I just bouth it and want to start reading this week
@delvega1975 Жыл бұрын
George Reisman's book Capitalism: A Treatise on Economics 🙂.
@am1475gr8 Жыл бұрын
Nice . Will you please make video on books on maths for economists .
@LittleLouieLagazza2 жыл бұрын
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!!!
@SevenRiderAirForce2 жыл бұрын
You should cover Basic Economics by Sowell and Economics in One Lesson by Hazlitt!
@RMSounds2 жыл бұрын
this
@kandrenai2 жыл бұрын
What are your opinions on the Austrian school of economics?
@roadtoad34843 жыл бұрын
I am reading GDP A Brief but Affectionate History by Diane Coyle. I am enjoying it. Have you read this book?
@RyanLasek3 жыл бұрын
Yoooooooo where's the Thomas Sowell??????
@raferguo26184 ай бұрын
any Austrian economics books suggest?
@neilpradhan13122 жыл бұрын
You have missed a great book “Basic Economics” by Thomas Sowell
@MrJonespwnes3 жыл бұрын
Yes, please maske the video on Freakonomics. Perhaps you could do the same for Thinking, Fast and Slow :)
@BookTimeWithRyan3 жыл бұрын
Oh man, I needed this. Have you read Adaptive Markets by Andrew Lo? I enjoyed it.
@upstateNYfinest3 жыл бұрын
I love ur channel dude, dont stop ever
@raquellima1617 Жыл бұрын
Any thoughts on The Black Swan by Nassim?
@josemartinrodriges832 жыл бұрын
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 Жыл бұрын
Isn‘t Piketty a post-keynesian
@nandnijoshi86314 ай бұрын
hello, you've great content. Can you help me find some courses as an add-up in major in econ?
@ifeanyiclintonnwachukwu32832 жыл бұрын
How can get Naked Economics, Why Nations Fail, and poor Economics in preparation for my master's degree in developmental Economics . Thanks
@stylishmitochondria25562 ай бұрын
Where's the undercover economist
@ahanz57573 жыл бұрын
I am a working adult studying Econs on my own. Do u have 1 or more textbooks u can reccomend?
@nicbahtin47742 жыл бұрын
what about Thomas Sowell Basic Economics
@yanntanguay84983 жыл бұрын
Seeing you drop "The Deficit Myth" under F was way too satisfying.
@bobmarleyno.14673 жыл бұрын
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.
@yanntanguay84983 жыл бұрын
@@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.14673 жыл бұрын
@@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.
@siddharthjoshi68112 жыл бұрын
What is the e reader you were using?
@MarketPowerYT2 жыл бұрын
reMarkable 2. I love it.
@RevengeoftheEnts3 жыл бұрын
Any thoughts on doughnut economics by Kate Raworth?
@samuelcamachopalencia57373 жыл бұрын
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.
@emmanuelabeng34423 жыл бұрын
I need to know the best materials on applied economics
@randomguy28093 жыл бұрын
Wish you would look at a few works by Thomes Sowell
@tahaoz21223 жыл бұрын
Thomas Sowell claims Thomas Piketty's Capital has a lot misinformation in it.
@jms9742 жыл бұрын
I learned all I need to know about "inequality" reading sowell's "discrimination and disparities" to be honest.
@thebeatboxguy2 жыл бұрын
What r the meaning of tiers??
@richardbowker1338 Жыл бұрын
What is an RCT?
@ifeanyiclintonnwachukwu32832 жыл бұрын
The Cartoon Economics book is another choice help me to get it
@markscheck2 жыл бұрын
The Great Wave, Price Revolutions
@cabzzzzzzz3 жыл бұрын
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?
@imanmalekshahi34973 жыл бұрын
I'd love to know your thoughts on a fairly aged book: transforming traditional agriculture by Schultz
@kshitijshekhar11446 ай бұрын
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)
@chaineeconomie45343 жыл бұрын
Everyone know that the best economic's book is "Basic laws of human stupidity" by Cipolla
@robbiecee22 жыл бұрын
Capitalism and Freedom Basic Economics (Sowell)
@starkcontrast84803 жыл бұрын
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.
@eliasrutten38143 күн бұрын
Why Nations Fail in A tier and Capital in C tier. Can't take it serious tbh.
@antonnovo6952 жыл бұрын
Mostly mainstream propaganda. If you really want to know what makes you tick, read 'The Emotion Code' by Dr Brad Nelson.
@logancoplan93592 ай бұрын
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_snob2 жыл бұрын
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...
@OctavioVlogs3 жыл бұрын
Yesss do a freakonomics 16 years later
@CapnSnackbeard8 ай бұрын
You ought to read "Debt: the First 5000 Years," so you can understand how out of touch with reality economists are.