Rationality in Economics

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• alienjr · Sep 2, 2016 · Recommends

  …by Karl Popper, "On Power" Bertrand de Jouvenel, "1984" by George Orwell, "The State" by Anthony de Jasay, "Sketched With the Quill" by Andrzej Bobkowski, "Metaphysical Horror" by Leszek Kolakowski, "Rationality in Economics" by Vernon L. Smith, "The Machinery of Freedom" by David Friedman.

  on “Ask HN: Non-tech books that have helped you grow professionally?” ↗
• baryphonic · Oct 29, 2021 · Recommends

  One major claim of Nobel Laureate Vernon Smith's "Rationality in Economics" is "the profit-maximizing firm will fail in finite time." The book is excellent, one of my favorite econ books, and is Smith's somewhat dense but well-written explanation for and interpretation of economics.…

  on “What caused all the supply chain bottlenecks?” ↗
• baryphonic · May 3, 2022 · Recommends

  …give great concrete advice beyond topics, but I've heard good things about Sowell's "Basic Economics," Malkiel's "A Random Walk down Wall Street," and then a personal favorite of mine Vernon Smith's "Rationality in Economics." The latter is truly insightful, but might be difficult if you don't have some of the ground matter (e.g. "what are supply and demand?" "What is a firm?") covered first.

  on “Ask HN: How can I learn macroeconomics properly?” ↗