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What should every aspiring economist read?


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I'm given to understand that this is a famous book. For some reason though, when I started it, I found it so boring that I couldn't get past the first or second chapters. That was a couple of years ago, however, so maybe I was just unfair to it.

 

Some say New Ideas from Dead Economists is a good alternative to Heilbroner. I found both entertaining to read.

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Thanks for all the suggestions! I did engineering as an undergrad so I haven't had a whole lot of exposure to economics. I wanted to get an idea of some good or important books to read before I start grad school. Some of these look good and I'll be picking up a couple of them to read over the next few weeks. Thanks again!
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I know we all want to get prepared for Grad School and get in that Economist state of mind, but I am taking this next semester to relax -- outside of some research. Personally, I'll be doing what I love most, feeding my unhealthy addiction to music blogs and rateyourmusic.com. That's reading, right?

 

+1. In a perfect world, schools will notify me in a geographically convenient order so I can road trip to visit places... I'll throw in some disc golf and hiking, and my regular reading of The New Yorker and The Economist :)

 

And for the OP, definitely Thinking Strategically by Dixit and Nalebuff.

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I believe that some knowledge of HET is quite important. Thus, I recommend The Worldly Philolophers by Robert Heilbroner.

 

But I also believe that reading some classics is quite important too. Of course that the choice of which classics to read will heavily depend on your interests but I`m amazed how few economists have read Marx (Capital, esp. volume I - for understanding his theory of value and the ideas of explotaion - and III - for understanding some of his thinking on the role of financial for capitalism) and even Keynes (The General Theory of Money, Capital, and Interest). I also recommend Schumpeter`s Theory of Economic Development (though the first 60-70 pages are quite difficult, at least IMO) and Capitalism, Socialism, and Democracy.

 

IMO, these authors have got some things right and some things wrong (here my knowledge about Keynes is higher than my knowledge about Marx and Schumpeter) but they are worth reading as they still influence our profession (Marx less, I think...) and also influence the political debate (Schumpeter less, I think...).

 

Finally, some recommendations on my field (development). Read Rosenstein-Rodan paper "Problems in Industrialization in Southern Europe" and Hirschman`s book "The Strategy of Economic Development".

 

Regards

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  • 1 month later...

I say, read the blogs! Of course, I also hear Thorstein Veblen's 'Theory of the Leisure Class' is good read...

 

Certainly, the DeLong Blog is good, Becker-Posner, Mark Thoma, Calculated Risk, Krugman, the new Growth Commission blog, Marginal Revolution and the mankiw blog are all worth reading, plus lesser-known blogs like 'the ambrosini critique', Angry Bear, and, naturally, Thorstein Veblen's personal favorite, Economists for Firing Larry Summers. Economists for Firing Larry Summers

 

It really is the Golden Age of Econ Blogging. I'm sure there's probably a thread on this somewhere I haven't seen, but there's just way more blog material out there now than there was even 6 months ago. The econ world has gotten smaller!

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