I think I've gotten enough books to put together a reading list for economics.
the basic categories i want to cover are:
overall econ (stuff like murphy's lessons for the young economist)
basic intro to austrian econ
austrian business cycle theory
socialism and refutations of socialism
keynesianism and refutations of keynesianism
capital and interest
Basically what I'm asking is what order would you learn those topics in.
1.Are there any subjects I'm missing and should add?
2.How early on should one read Man Economy and State? What about Human Action?
Have you checked what John James has done to help people with similar questions?
Here you go: http://mises.org/Community/forums/t/28958.aspx
Maybe I wasn't clear. I've already got the books, I'm just wondering what order I should read them in.
Sorry for the confusion.
What books do you have?
The Anti Capitalistic Mentality
That Which is Seen, and That Which is Not Seen
Lessons for the Young Economist
An Introduction to Austrian Economics
Economics for Real People
Economic Science and the Austrian Method
The Free Market Reader
Man,Economy and State w/Power and Market
What is Money?
The Origins of Money
What has Government Done to Our Money?
The Case for A 100 % Gold Dollar
Gold,Peace, and Prosperity
The Case for Gold
The Ethics of Money Production
Will Dollars Save the World?
Fiat Money Inflation in France
What You Should Know About Inflation
Economics and Ethics of Private Property
Capital and Interest (Bastiat)
Harmonies of Political Economy
Case Against the Fed
A Theory of Socialism and Capitalism
The Failure of the New Economics
America's Great Depression
History of Money and Banking
The Panic of 1819
Making Economic Sense
An Austrian Perspective
The Privatization of Roads and Highways
The Case for Discrimination
Requiem for Marx
Money,Bank Credit,and Economic Cycles
A Tiger by the Tail
Where Keynes Went Wrong
Principles of Economics
New Deal in Old Rome
A Rehabilitation of Say's Law
The Tragedy of the Euro
Prices and Production and Other Works
The Quotable Mises
The Critics of Keynesian Economics
Literature and the Economy
A Free Market Monetary System/The Pretense of Knowledge
The Economics of Illusion
Deflation and Liberty
The Positive Theory of Capital
The Conquest of Poverty
Man vs. The Welfare State
The Causes of the Economic Crisis
The Great Austrian Economists
The Austrian School of Economics
Capital and Interest (Böhm-Bawerk)
Control or Economic Law
The Socialist Tradition
The Mystery of Banking
Time Will Run Back
The Theory of Money and Credit
The Wealth of Nations
Recent Literature on Interest
Karl Marx and the Close of His System
Deep Freeze:Iceland's Economic Collapse
The Austrian Theory of the Trade Cycle and Other Essays
The Turgot Collection
An Essay on Economic Theory
The G.T. of Employment, Interest, and Money
Wage Labor and Capital
A Treatise on Political Economy (Tracy)
A Treatise on Political Economy (Say)
Antitrust: The Case for Repeal
Start with Mises Theory of Money and Credit. It is short and direct. Understanding what money is, is a good start.
Read Adam Smith's "Theory of Moral Sentiment" before you read "Wealth of Nations".
Mises "Human Action" is a must read early on.
Mises "Socialism" is a mid-point read.
I would not recommend reading Keynes until later.
Damn... Do you intend to read all of that?
But I assume you've already read a considerable amount of them.
In that list, no.
But I have read...
Economics in One Lesson
How An Economy Grows and Why It Crashes
End the Fed
How Capitalism Saved America
You can trim that down to less than 20 books pretty easy.
Marx is pretty much dead as far as econmic theory is conserned. There are a couple of relics, but most of his discilpes have moved on to Keynes or even Modern Monetary Theory. There are still people who chapion is social ideas, but the economic theory is all but dead. Pick one on Marx and don't worry about the others.
Mises Human Action and Money and Credit are both good ones to start with.
Classical Liberalism and the Austrian School
Basic Economics: A Common Sense Guide to the Economy
The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years
Keynes "General Theory" is not one I would jump into until you are about half way through.
What 20 books would you reccommend out of that list? And in what order would you read them?
I'm not really concerned with what books I have, or whether I need other books, or whether I should or should not read so and so. Basically what I'm asking is in what order should I study various subjects.
keynesian plus refutations
socialism plus refutations
Also, when is the best time to read MES? Early on? Or later? What about Human Action?
Several on that list are actually text books, and really not readers. They were written to be a resource for a lecture.
1. Mises "Human Action". Mises's work is built on top of the works of Menger, Bohm-Bawerk, and Say.
2. Mises "Theory of Money & Credit" is also built on the works of Bohm-Bawerk so no reason to read Bohm-Bawerk's "Capital & Interest" or "Positive Theory of Capital".
3. Ethics of Money Production
4. History of Money and Banking in the United States.
5. Theory of Moral Sentiments and then Wealth of Nations (both by Adam Smith)
6. Austrian Perspective
7. Any of the Failures of Marx books. If you just want to punish yourself then read Capital.
8. General Theory of Employment, Interest & Money
9. Mises "Socialism" also covers the concepts he lays out in his essay "Economic Calculations" so no reason to ready.
10. Austrian Theory of Trade Cycle (probably should be higher on my list)
I have not read most of your list so I can't recommend most of them. But you do have several redundant texts on the list. Mises is a good starting point because he took the works of several people on your list and refined them/combined them into his own work. That is why Human Action is such a good place to start. His theory of Money and Credit is also nice and short, but direct. Money is obviously key to several of the other books on your list including the gold oriented books.
Several of the books on your I would have to look over as I am not familiar with them.
You have a couple of specific historical books. It really does not matter when you read those. I would recommend "Myth of the Robber Barons" and "Tariffs, Blockades, and Inflation. Economic History of the Civil War".
MES is a good read. It ecompasses all of those ideas into 1 tome.
I had the same dillema as you about HA vs MES, and i went with MES.
Its an easier read and a good primer before reading HA.
Making of modern economics by Mark Skousen is a great read. If anything, read that first, you ought to get a broad view of economics first, and then delve into AE, it will give you a better perspective.
“Since people are concerned that ‘X’ will not be provided, ‘X’ will naturally be provided by those who are concerned by its absence.""The sweetest of minds can harbor the harshest of men.”
What about Man,Economy,and State?
I appreciate the list, but I've already decided what books I'm going to read. I'm just wondering what order I should study the subjects in. That's all.
Austrian Perspective on the History of Economic Thought covers Rothbards ideas. You have both on your list. I would go with Austrian Perspective. I probably don't read as much Rothbard as most people on this forum.
Oh, well if you're talking about order of subjects:
Austrian Economics. This implies an understanding of ABCT, money, capital and interest, and inflation and deflation.
Inevitably Human Action and MES are two of the most important, all-encompassing Austrian works ever written. They cover so much information so well that it's truly amazing, and ultimately one cannot be educated on Austrian Economics without reading at least one.
So I'd read them towards the end of your first topic. That'll give you enough background to deal with them as much as can be expected before actually reading the books. Read Human Action first, and then treat MES as a clarification and expansion of the actual economics within HA, making HA much more about methodology, philosophy, and a general although expansive outline of Austrian positions.
OK, that sounds good.
Two more questions
1.What order should I read the Austrian stuff in?
2.When should I read the classics,e.g. Smith,Say,Turgot?
Might as well dive into HA or MES. You're not going to understand it all the first time you read it no matter what other books you read. Expect to read either multiple times
The Anarch is to the Anarchist what the Monarch is to the Monarchist.
I find a lot of the older books very difficult to read because I am not too smart. After reading this thread it kind of confirmed what I thought might be the case. That more recent books are essentially works that are the result of the author reading through a lot of the books that I find difficult to read. That being said will I be missing a lot by not reading the likes of Adam Smith (as an example) ?
I have at times been ridiculed by all sides "You say are you interested in economics but never read Adam Smith <insert insult>."
Thanks everyone, I've got my list now.