Post: #51

For todays world
Deep Risk by William Bernstein

Post: #52

(06-23-2013 03:51 PM)n0000 Wrote:  Economics in One Lesson by Henry Hazlitt. It will teach you not only how to think economically but also how to consider the subtle realities of human interactions. You will realise the benefits of thinking with a mind towards a subtle, nuanced and accurate view of reality in all your intellectual endeavours.

I also have this book. I love how he posses things. He tells everyone to look to the past to see how policy worked last time to see how it would work this time. For example unemployment will always be met with people who take advantage of it. The argument isn't whether or not people will take advantage of it, it's whether or not you are okay with it in order to make unemployment a policy. In other words, understand the negative effects rather than deny they exist, then go on to ask yourself if it;s worth the hassle. Definitely my favorite economics book.