After a bit over a year on the job, I've identified that I have a very weak grasp of economics. I'm not really interested in reading academic texts and would rather read something that'd help me just understand the relevant bits for someone doing research. I understand the basic concepts but it's difficult for me to see how everything just interconnects to form one big picture. I've watched Ray Dalio's video on How the Economic Machine Works and that's probably the kind of information I'm looking for. Don't want to be an economist but want to be able to have intelligent conversations about the economy of any country and how this could impact the stocks under our coverage.
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Wouldn't getting a few reps in an academic setting be helpful? Eventually after you understand the academic concepts then you will be able to have intelligent conversations......
Stanford has a good free online econ course
Yes and no. While I obviously can’t avoid learning a part of the academic side to economics, I don’t think it’d be worth my time to have to read through texts that talk about complicated economic models and the different complex formulas to compute for this or that. But I’ll check out the online course - might be helpful! Thanks!
https://lagunita.stanford.edu/courses/course-v1:HumanitiesSciences+Econ…
Wealth of nations The general theory of employment interest and money by Keynes
This will serve you the best:
“Alexander, who used to be rich last Sunday”
You might actually want to get a book on economic history.
It'll give you some examples so you could say something like: "If X happens then likely Y will happen, just like we saw in (insert historical reference here).
I would recommend checking out A Farewell to Alms
Reading on economic history actually sounds spot on. I'd love to be able to draw on past events to come up with my own informed opinions on what could happen in the future given what's happening now.
Read all the time and all day. It takes time. Economist is good. Pick up various Econ topic books. I read Capital a while ago and though I disagree with it, the concepts are interesting.
I'm actually about to subscribe to the Economist. One issue I'd expect to face is filtering through all the articles as I'd imagine not everything would be relevant to myself as of now (and to avoid the risk of information overload).
To be completely honest, the above suggestions are garbage for your purposes. I suggest the below. It outlines all the important theories in an easily understandable way and it all links together pretty well too. It’s essentially an introduction to economics that will take you to an intermediate level of understanding across a broad range of topics without relying on maths to get you there.
https://www.amazon.com/Free-Lunch-Easily-Digestible-Economics-ebook/dp/…
Globalizing Capital by Barry Eichengreen
Not sure if you’re still in search of a good Econ book but I just recently finished Naked Economics by Charles Wheelan, a phenomenal, easy and non-boring read that really breaks down several economic topics that are relevant to today’s issues. Like $14 on Amazon.
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