Economics
by Samuelson · first published 2010
24% recommend65% neutral12% critical
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'Economics' by Paul Samuelson
on “Ask HN: Best book(s) to learn about the basics of economics?” ↗I still think one of the best textbooks on economics is Paul Samuelson's Economics. Assuming you mean macro-economics that is.
on “Ask HN: What are the must-read books about economics/finance?” ↗…matter: The Death and Life of Great American Cities, The Economy of Cities, and Cities and the Wealth of Nations. Peter Drucker: Entrepreneurship and Innovation. and the classic textbook: Paul Samuelson: Economics
on “Ask HN: Getting a grip on economics” ↗Morrison and Boyd, Organic chemistry Guidurati, Econometrics Samuelson, Economics
on “Ask HN: What's the best textbook you've read?” ↗…of which is in turn a weighted average of sub-sub-indices." and goes on to give an example (apparently ficional) in which housing makes up 41.4% of the index. Edit: My copy of Samuelson and Nordhaus, Economics, 19th edition, has an example of a consumer price index including housing weighted at 42.4%. At that weighting, unless my math is off, the remaining 57.6% of the stuff in the index would need to get cheaper…
on “Danish bank launches negative interest rate mortgage” ↗…similar but is a different animal altogether. Attempts to build global predictive models are futile in principle and can be compared to attempts to build a model that predicts the weather a month from now. Economics needs a philosophical paradigm shift, and of course it is happening (slowly, and Santa Fe Institute is the place to watch), but is it not what you find in Samuelson books and in the mainstream academia.…
on “Good book for economics” ↗>Do you have research, or an evidence base, for this? Economics by Paul Samuelson: https://archive.org/details/economics00paul/page/603 Do you have research that indicates the opposite is likely to be true? I'd be really interested in seeing what that is based upon.…
on “Georgism” ↗…circle of influence is pretty solid - his student was Paul Samuelson, and his adviser was Böhm von Bawerk, who also taught Ludwig von Mises who went onto teach Hayek. Each one literally wrote the book of Economics for their time, and Samuelson's is still considered standard reading.
on “Schumpeter on Strategy (2019)” ↗List seems to be nearly all novels, with a few plays and poems. No Euclid's Geometry, no Herodotus Histories, no Bible or Koran, no Samuelson's Economics or Smith's Wealth of Nations, no Plato's Republic, no Communist Manifesto, no Leviathan or Rights of Man, no On the Origin of Species. Just off the top of my head. All of those and more are arguably…
on “The Greatest Books of All Time” ↗"Justified" is a concept that exists only in your head. Yes, the most successful textbooks make millions of dollars for their publishers and authors (Paul Samuelson's Economics for example). The least successful ones lose lots of money. What do you mean by "justified"?
on “First It Was Song Downloads. Now It’s Organic Chemistry.” ↗"World-class economist Paul Samuelson, a Nobel laureate, wrote in the tenth edition of his textbook Economics: “It is a vulgar mistake to think that most people in Eastern Europe are miserable.” This, mind you, in the aftermath of the 1953 East German uprising, the 1956 Hungarian uprising and the Poznan protests…
on “Obituary: MIT's "foremost academic economist of the 20th century"” ↗I remember when I was taking an entry-level Economics course in China. We were using Paul Samuelson's classic textbook “Economics”. The English version mentioned China in some not-so-pretty examples. Apparently the translated Chinese version replaced “China”…
on “Bayesian stats book banned in China” ↗If you have some time to spare, here's a great paper on a similar topic: the (mis)use of mathematics and in particular equilibrium methods in economics after Samuelson and Hicks ("What Went Wrong with Economics?", Peter J. Boettke, 1997): http://www.the-dissident.com/Boettke_CR.pdf Pretty much every debate on economic policy between the left and right…
on “Bayes's Theorem: What's the Big Deal?” ↗Going through: * Faust - Johann Wolfgang von Goethe * How To Read a Book - Mortimer J. Adler * Python Machine Learning 2nd Edition - Sebastian Raschka * Economics 19e - Samuelson/Nordhaus Next in line: * The Sleepwalkers - Hermann Broch * The Will to Power - Friedrich Nietzsche * Oxford Handbook of Business and Government - David Coen(and other dozens of lecturers)
on “Ask HN: 2018 Summer Reading List?” ↗…https://lucept.com/wp-content/uploads/2014/11/william-nordha... * https://econlife.com/2018/10/the-light-side-of-economic-grow... * https://www.bbc.com/news/business-38650976 He also co-authored the influential textbook Economics with Samuelson, and did important work on the economics of climate change: * https://en.wikipedia.org/wiki/William_Nordhaus * https://en.wikipedia.org/wiki/Economics_(textbook)
on “Cheap light transformed civilization” ↗