What would you all say the most important things to read as someone wanting to learn more about economics? Economic theory, history, analysis, etc...

Read a book called "Behold The Pale Horse" by Navy Intelligence Officer Bill Cooper. He explains all this clearly. He says they teach fake economics because they don't want the people to know that the economy is on volume control. If we realized it was on volume control, everyone would flip out wondering why they are suppressing the economy instead of lifting it.

The reason they are slowly destroying the American economy is because they want to bankrupt it to manipulate us that capitalism doesn't work & then to propose Socialism to a desperate public.

I’m graduating University in a few weeks and I didn’t finish my project yet. I was told that one of the chapters must be built only on comments of published articles related to my topic and I’m halving trouble finding any. My topic is The management of income, expenses and profit and loss account. I barely found any in my language so no I’m looking for some in English so I can translate them and go from there.

Q1=3-.5Q2 Q2=3-.5Q1

I don't understand the connection can someon explain this to me please.

Can someone help me decide between Jehle-Reny and Gravelle-Rees? Thanks.

Hi im a overseas from south korea Nowdays there is a hot topic of increasing
Minimum wage from ~5 to ~10 And i believe its too much Since im not in major in econ, Only things i can guess is lot of workes who Takes minimum wage money will Lose their job I ask this becuz It might be sided opinion since i hav a father who runs company What would be pros for increasing huge Rate of minimum wage?

Books for your shelf.

I completed my BA in Economics (at UMD-CP) and am starting to realize that I want to get my doctorate. Unfortunately, my math is not nearly up to snuff; I've only taken Calc I and II, one semester of metrics, and one semester of intro stat. At this point, the most cost-effective options would be to take courses like Calc III, Linear Algebra, and Real Analysis at a community college like UDC (in Washington DC) or Montgomery CC (in MD). Would relying on community college put me at a big disadvantage when applying to respectable programs (ie. U Michigan, NYU, UCLA)?

I want to teach myself some environmental econ and health econ. What are some good texts for a postgrad student?

I was wondering if anyone had an exam for econ317 taught by Professor Naveen Sarna.

The Brexit vote in the UK, and what has happened to the world economy since is a perfect, though painful, illustration of how money really works, and why we cannot do away with electronic money. In the past 3 days, the US has seen over $875 billion in electronic money destroyed, vanished. This was money backed by stocks and real estate. It is safe to say a big fraction of this, maybe $200 million, was held by people in Beverly Hills and surrounding areas. This will mean fewer construction projects in the next year or two. It will have an impact on our income.

The UK has been hit worst by the Brexit vote. They have seen about 275 billion pounds vanish, or around $500 billion translated into dollars. This with a population of around 50 million. So that is around $10,000 per person in the entire country. The rest of the EU has suffered about as much as the USA. Of the world's major economies, China and Russia have suffered the least. Putin is cheering at the relative increase of strength of Russia. He does not care about the suffering. Like Donald Trump, he congratulated the British on their decision.

I was talking with Adam on the nature of money. His views are similar to yours, but his terms are different. He calls gold, "Money," and what you call Fiat Money, he calls currency. As I think you know, to me the definitions are almost opposite: Money is what you can spend to buy anything. Since you cannot take a gold bar to the market to buy groceries, to me, gold is just a valuable commodity.

Paper money is the small change of our society. It totals maybe 1% to 10% of the electronic money in circulation. The money in my bank account, and yours, is electronic money. The banks create far more electronic money every year, than the Fed prints in paper money. The banks' electronic money is backed by real estate, stocks, and bonds. They create new money by inflating the value of real estate and stocks. Thank goodness for bonds, which are hard to inflate. If it were not for bonds, we might have an economy like Zaire. A big part of the 2008 crash was that the bond houses figured out how to sell bundles of bonds, with bad bonds masquerading as good. That let them inflate bonds until the bubble burst.

All of this makes electronic money sound like pure evil, but it is not. Electronic money is what we spend. It is what we make when we work, literally, because when we work we are increasing the value of real estate. Without electronic money, we would not have any work. Most likely, the big cities would starve. We are so dependent on electronic money by now, that without it, the depression would be deeper than anything since the USA was founded.

Electronic money is easy to destroy. All that has to happen is for a monkey wrench to be thrown into the economy. The economic uncertainty of Brexit makes people stop bidding up the price of stocks and real estate. That's all it takes, and in 3 days $875 billion is lost in the USA, and something like $3 trillion equivalent in other currencies plus dollars, is lost globally.

Yes, the bankers, stock brokers, bond brokers, and insurance executives are skimming the cream out of the economy, because they control the points at which new money is created now. That's why we see executive in each of these industries making salaries and bonuses in the $50 million/year range. They are the dealers, and we cannot live without them. More accurately, they are like the big pharma executives, dealing out life saving drugs, and we are their patients, as much as we are their victims.

The economy cannot function on gold. It cannot be mined fast enough to keep up with the expansion of the economy in good times. In bad times it is even worse, because people can hoard their gold until the economy grinds to a halt.

This is my first post to /r/econ . I'm sure the rest of you are way ahead of me on this subject, but I just wanted to get my views archived. I believe them to be solid information, and nothing controversial.

If a firm reduces their MC for a good in a market that is generally elastic, will they gain market power (and become less elastic)?