4 Economics Books You Must Read to Understand How the World Works
How to learn the essentials from the world’s best
Since The Big Short, economics has had somewhat of a popularity resurgence. People wanted to know what happened during the Great Financial Crisis of 2007-8 and why no one saw it coming. A swathe of Netflix doccos have also spawned a renewed interest in ‘the dismal science.’
What has been traditionally a field where dry textbooks have had their reign, a new wave of popular non-fiction writers have done a remarkable job of making this appealing reading for everyone.
I wanted to study economics because I had no idea of how the world worked. I didn’t know anything about inflation, currency rates, you know — all the stuff on the financial reporting of the news — yet it’s fundamentally important in our day-to-day lives. Economics is how people make decisions, how resources are allocated, yet often left to the academically elite to bamboozle the public on news reports using phrases like ‘demand shock’ and ‘capital adequacy ratio’.
I bloody love the subject and think it should be part of the core school curriculum so we don’t have high-school graduates getting swindled by those preying on the financial and economic illiteracy of the general public to make a quick buck.
