Economics
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Notable economists François Quesnay Adam Smith David Ricardo Thomas Robert Malthus John Stuart Mill Karl Marx William Stanley Jevons Léon Walras Alfred Marshall Irving Fisher John Maynard Keynes Arthur Cecil Pigou John Hicks Wassily Leontief Paul Samuelson more
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Glossary Glossary of economics

Economics (/ɛkəˈnɒmɪks, iːkə-/) is the social science that studies the production, distribution, and consumption of goods and services.

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements.

Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.

Economic analysis can be applied throughout society, in real estate, business, finance, health care, and government. Economic analysis is sometimes also applied to such diverse subjects as crime, education, the family, law, politics, religion, social institutions, war, science, and the environment.

1. Naked Economics
   Charles Wheelan
   

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2. Why Nations Fail
   Daron Acemoglu
   

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3. Das Kapital
   Karl Marx
   

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4. Freakonomics
   Steven Levitt
   

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5. Principles of Economics
   Carl Menger
   

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6. The Return of Depression Economics and the Crisis of 2008
   Paul Krugman
   

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7. Debunking Economics
   Steve Keen
   

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8. Economics in One Lesson
   Henry Hazlitt
   

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9. Nudge: Improving Decisions About Health, Wealth, and Happiness
   Cass Sunstein
   

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10. Poor Economics
    Esther Duflo
    

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11. Basic Economics: A Citizen's guide to the Economy
    Thomas Sowell
    

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12. The Big Short: Inside the doomsday machine
    Michael Lewis
    

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13. The Wealth and Poverty of Nations
    David Landes
    

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14. The Intelligent Investor
    Benjamin Graham
    

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15. An Inquiry into the Nature and Causes of the Wealth of Nations
    Adam Smith
    

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16. Wealth Creation: A Systems Mindset for Building and Investing in Businesses for the Long Term
    Bartley J. Madden
    

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17. International Political Economy: Perspectives on Global Power and Wealth
    Jeffry A. Frieden
    

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18. Lords of Finance: The Bankers Who Broke the World
    Liaquat Ahamed
    

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19. Free to Choose
    Rose Friedman
    

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20. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
    Nassim Nicholas Taleb
    

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21. New Ideas From Dead Economists
    Todd G. Buchholz
    

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22. The End of Poverty: How We Can Make It Happen In Our Lifetime
    Jeffrey Sachs
    

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23. Human Capital, Population Growth and Economic Development
    Mark R. Rosenzweig
    

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24. Economic Facts and Fallacies
    Thomas Sowell
    

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25. Freefall: America, Free Markets, and the Sinking of the World Economy
    Joseph Stiglitz
    

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26. The General Theory of Employment, Interest, and Money
    John Maynard Keynes
    

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27. The Worldly Philosophers
    Robert Heilbroner
    

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28. Predictably Irrational
    Dan Ariely
    

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29. The Affluent Society
    John Kenneth Galbraith
    

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30. The Armchair Economist
    Steven E. Landsburg
    

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• The Basics of Financial Econometrics
• An Outline of the History of Economic Thought
• An Economic History of Europe
• A Random Walk Down Wall Street: Including A Life-Cycle Guide To Personal Investing
• Are You Dumb Enough to Be Rich? The Amazingly Simple Way to Make Millions in Real Estate
• Basic Economics: A Citizen's guide to the Economy
• Capital in the Twenty-First Century
• Predictably Irrational: The Hidden Forces That Shape Our Decisions
• Das Kapital, Volume I
• Econometrics For Dummies
• Economics for Everyone
• Economics in One Lesson
• CliffsAP: Economics Micro and Macro
• Engineering Economy
• Financial Economics
• Flash Boys: A Wall Street Revolt
• Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
• Foreign Exchange and Money Markets
• Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
• Capitalism and Freedom
• The Great Transformation: The Political and Economic Origins of Our Time
• Greening the Economy with Agriculture
• The Myth of Free Trade and the Secret History of Capitalism
• Handbook of the History of Economic Thought
• History of Economic Analysis
• Indian Economy
• International Monetary Economics
• International Political Economy
• The Affluent Society
• The Return of Depression Economics and the Crisis of 2008
• The Wealth and Poverty of Nations
• Economic Science for Rural Development
• Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game
• Managerial Economics
• Manifesto of the Communist Party
• Free to Choose: A Personal Statement
• naked economics
• The Ascent of Money
• Nickel — and — Dimed
• Palgrave Handbook of Econometrics
• Principles of Political Economy with Some of Their Applications to Social Philosophy
• Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
• Nudge: Improving Decisions About Health, Wealth, and Happiness
• The Road to Serfdom with The Intellectuals and Socialism
• The Industrial Vagina: The political economy of the global sex trade
• Small Is Beautiful: A Study of Economics as if People Mattered
• An Inquiry into the Nature and Causes of the Wealth of Nations
• Economic Facts and Fallacies
• SuperFreakonomics
• Antifragile: Things That Gain From Disorder
• The ABCs of Political Economy: A Modern Approach
• The Black Swan: The Impact of the Highly Improbable
• The Business Environment
• The Economics of Growth
• The General Theory of Employment, Interest, and Money
• The Intelligent Investor: A Book of Practical Counsel
• The Shock Doctrine: The Rise of Disaster Capitalism
• The Theory of the Leisure Class
• The Undercover Economist
• The Big Short: Inside the doomsday machine
• The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers
• The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
• The Thank You Economy
• Thinking, Fast and Slow
• Why Nations Fail: The Origins of Power, Prosperity and Poverty
• Introductory Econometrics: A Modern. Approach
• Economics for Investment Decision Makers
• Principles of Agricultural Economics
• Economics: A Contemporary Introduction
• Applied Economics
• Mathematical Methods for Economic Analysis
• The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities
• Asymptotic Theory for Econometricians
• Economics: A textbook
• Getting (More Of) What You Want: How the Secrets of Economics and Psychology Can Help You Negotiate Anything, in Business and in Life
• Global Economic History: A Very Short Introduction
• 50 economics ideas you really need to know
• A Comprehensive Dictionary of Economics
• Monetary Economics: Policy and its Theoretical Basis
• Beyond Macroeconomic Stability