Top 10 Popular Economics Books which Student should read

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1) Capitalism and Freedom – Milton Friedman

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Milton Friedman (1912-2006) is one of the famous economist supports capitalism and liberal magazine The Economist assessed as economists have affected the world’s largest second half of the 20th century. In 1976, he received the Nobel Prize in Economics for his contribution to the field of consumption analysis, historical and Monetary Theory and his contribution in proving the complexity of stabilization policy economic dream.

Capitalism and Freedom was first published in 1962 wrote about the capitalist economy in a free society. In this book, Friedman launched his views on the relationship between capitalism and freedom, he further pointed out the evidence that capitalism is the road to freedom and why nations want freedom should go the way of capitalism.

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“The worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers”, This book was written before the author received his doctorate in economics, first published in 1953, and is one of the economic book most widely read of all time.

Contents of this book revolves around the lives and contributions of the greatest economists in history include Adam Smith, Karl Marx, Henry George, John Maynard Keynes, Thomas Malthus, Alfred Marshall, and John Stuart Mill. Thereby, the author with using language understandable and enjoyable clearly explained the concept, the basic ideas of economists placed in contact with a lot of aspects of other social sciences related as history, sociology, politics and philosophy. That’s why the book is called “The worldly Philosophers” – “the sages”. This book has been and will be an inspiration to so many people on the road to becoming an economist and researcher.

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Prof. Paul Krugman who be known by everyone study economic. He was the American economist taught in many universities in the world such as Yale, Stanford, MIT, LSE and Princeton. He is also known for the article on policy, political economy on the Op-ed columnist for the New York Times. Paul Krugman received the Nobel Prize for Economics in 2008 for his contribution on new trade theory and new economic geography.

The book “Peddling Prosperity” was Newsweek rated as “the best primer on the history of recent American economy”. The book also explains the economic knowledge in the language extremely intelligent and understandable and consistent with the usual style of Paul Krugman. In this book, Paul Krugman analyzes of the economic policies of the United States during the period from 1970 to 1990. This book not to be missed if you want to understand the American economy, the economy has been and will be the largest economy in the world.

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The book for the reader to understand why economic thinking can unravel a series of human behavior through the topics very close to everyday life.

The Armchair Economist: Economics and Everyday Life of Professor Steven Landsburg. With analyzing the problem entirely by economics, the book made a reasonable explanation for the surprising phenomena, and questions or infer surprised many common phenomena such statements inherently extremely high prices story popcorn at the cinema, the rock concert sold out, until the misunderstanding on taxes, unemployment or both anti-polygamy laws. The book deserves to be read and be on bookshelves of all those readers interested in economic – social.

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8) Reinventing the Bazaar – John McMillan

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Reinventing the Bazaar: A Natural History of Markets written by a professor of economics at Stanford University, John McMillan (1951 -2007). Through this book, the reader will have a clear view of the market from small to large and the mechanisms of action underlying these markets, to understand why the development of technology, globalization and the wonders changing expectations of sellers and buyers will lead to changes in all aspects, besides the sharp analysis of the strengths and weaknesses of the market, or the role of the state in regulating How common market and free market.

The highlight of this book are examples of very rich and interesting spread worldwide. This is a book for all subjects readers, from students, business people, or anyone who wants to learn about the market and the market mechanism.

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9) Lives of the Laureates – William Breit

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Economics, as Malkiel commented, “harder than the natural sciences.” Economic development history of mankind, with all the ups and downs, mysterious, and countless difficulties are posed today.

The purpose of the book, so, very clear: bring economics to everyone the most effective way and the most accessible. But Wheelan also stated: “the book is not economics for idiots, it is economics for smart people have never studied economics (or just know mung wiggle about it)”. Thus, the audience that this book aims to be “open”, but was seriously limited, given the importance and science of the subject is considered “Harder than the natural sciences “.

Wheelan’s book discusses the basics of economics, or more specifically, the principles of the market economy. They were introduced through the dissection of events, events or specific economic problems, almost daily, in a simple and understandable way. The dissection that makes the reader easily “neutered” intimate matters, but the closeness of life which seems complex, difficult to understand if approached in the academic style. Through Wheelan approach, principles, principles of economics dryly rid crust abstract concept to embody the problems of practical life itself.

Wheelan bring to the public the demarcation vulnerable and misleading blotted between maximizing benefits with selfishness action, between the so-called unethical behavior in business with “non morality “(rather than immoral “) of the market, between functional roles and administrative intervention of the state in the economy …. In a very unique way of understanding and rich images, Wheelan said that “the government is like a scalpel of the surgeon: it is an intrusive tool that can make the patient’s condition better or worse. holding carefully, it will significantly support healing abilities. But put it into the wrong hands or too strong hold, even with the best intentions, it can also be extremely harmful ”

The issues in question seem to be the least preliminary economics. But it is also the most fundamental. Because it looks “preliminary minority”, we easily overlooked and so easy to cause confusion with the theoretical practical consequences disastrous, unnecessary. Wheelan help readers do not make mistakes when approaching economics.

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