03 Jul 2012
Book Recommendations for Economics and Investing
The housing and liquidity crisis of 2007-2008 was an eye opener for me. I was still fairly young at the time, so was lucky in that I did not have much invested in the markets. Nevertheless, it become clear to me very quickly that there was far more to the economy and markets than I assumed I knew.
As a result, I took up a new goal to absorb and understand all that I could about how the economy functions, in hopes of better serving myself and others. Since then, I've consumed about 10 or so books covering microeconomics, macroeconomics, and investing. I share with you below six books in particular that I highly recommend for starting out, should you (the reader) wish to take first steps yourself toward better understanding the complexities and realities of our modern economy.
For a philosophy to investing in the stock market:
- The Only Three Questions That Count by Ken Fisher
For an introduction to the global economy (currencies, imports, exports):
- Concise Guide To Macroeconomics by David Moss
For an introduction to economic development, housing, employment, and banking:
- Basic Economics by Thomas Sowell
For a history of paper money, gold standards, and economic relations between U.S., Europe, and China:
- Currency Wars by James Rickards
For analysis of the 2007-2008 housing and liquidity crisis*:
- The Housing Boom and Bust by Thomas Sowell
- Freefall by Joseph Stiglitz
*This is an easily politicised subject, and I've included two books I've read and recommend, from two fairly different viewpoints.
Comment or email me with other suggestions that you feel would benefit new learners in economics.