If I want to learn economics where do I begin? Is it worth even learning? It almost seems like a pseudo science because no one seems to know what the hell they are talking about and can't make reliable predictions
If I want to learn economics where do I begin? Is it worth even learning...
Kevin Reed
Adam Baker
Economics is as much of a science as the study of history is. That is to say, not at all. Not everything has to be scientific to be worth studying. A lot of bourgeois economists say that leftist economic studies are 'unscientific' as a way of dismissing them.
Joshua Sanchez
...
Luis Powell
youtube.com
you're welcome
Liam Rivera
Wage Labour and Capital is a pretty good intro to Marxist Economics, if you want bourgeois economics though, I'd recommend Sowell's 'Basic Economics'. It's a bit of a tome, but very thorough.
Isaiah Bennett
Supplement your economy studies with a book on cybernetics.
Introduction to cybernetics by W. Ross Ashby is a good one. The author explains the basic ideas of cybernetics, and each chapter is followed by exercises.
Because economy is a system, and a very large and complex one, one needs to learn a way to analyse complex systems. Cybernetics is ideal tool for this.
Brayden Hughes
Start from the beginning
Lincoln Phillips
Start with some basic texts like school books or Economic for Dummies (Its actually pretty good) and expand on Neoclassic Economical theory. (Principles of Economics by Alfred Marshall is your fundamental text for that)
Jacob Hernandez
Come to >>>/freedu/ there's a whole economics thread with a bunch of PDFs
Jason Phillips
Well, Crash Course economics is… … Shit. Cause noone knows what they're talking about.
Cause they reject Marx's critique and only promote capitalism like everyone else.
Sebastian Morgan
Modern economics is not a science. I mean it could be, but that's not what it is now.
Daniel Hernandez
I'd start with microeconomics. Assuming we're referring to economics as a system of distributing scarce resources, and not the political undertones attached to Capitalism/Socialism, then microeconomics will give you a firm grasp of how things work.
I would avoid macroeconomics, as the subject of macroeconomics tends to try and turn the logic of microeconomics on its head by saying "w-well it's on a large scale so the rules MUST be different!"
Oh, and avoid Keynesian economics…
Bentley Miller
KEYNES DIED FOR YOU YOU SINNER
Jonathan Jackson
Well that's kind of the point. The Chicago folks tried to change this, but the whole point in economics is that while math may be involved, it is not a science since you can not have empirical evidence.
You can have general agreed upon rules and situations that seem to occur repeatedly giving rise to "laws," in economics as well as suppositions, allowing you to form mathematical formulas to roughly calculate things, but it's still a study of humans/the human mind. Economics will give you the most efficient model, or at least the most efficient model for a particular culture, but it can not give you concrete answers like science because humans are spontaneous and not static beings.
Jayden Flores
Both microeconomics and macroeconomics are largely pseudo-scientific and wholly ideologically bound.
They are not even useful for starting a busyness or managing an economy, as they have no prediction record of accuracy, or verification. Unlike Marxist/Classical economics which can be verified in terms of calculation of value/supply and demand and surplus.
Ayden Perry
Reeee
I like Keynes. He's cool.
Oliver Thompson
Stop trying to make economics scientific when it's not. It's a study for a reason, not a science.
Economics are not good for starting a business or managing the economy. You're thinking of business, finance, accounting, certain forms of communications, etc.
Chase Carter
Don't agree, Chicago was just more neo-classical theory. Only the Post-Keynesians and Neo-Marxians really tried to take economics in a different direction IMO.
Wyatt Robinson
Ultimately no degree is going to help you actually start a business though, it just helps with connections.
Degrees don't teach entrepreneurship.*
William Bennett
Mhm it's not. It's good for what Wolff calls rationalisation of capitalism!
Luke Rivera
LMAO @ ancap refusing to acknowledge macroeconomics because it gives conclusions that hurt his pee-pee