Economics

Principles of Economics

The Economic problem is how best to allocate scarce resources. Economists study resources’ allocation, distribution, and utilisation to meet human needs. Land -> (rent) Labour -> (wages) Capital -> (interest) Entrepreneurship -> (profit) Choices What? – what goods are to be produced with scarce resources; clothes, food, armaments? How? – how best can the resources …

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Namoi Klein – This Changes Everything: Capitalism vs. The Climate

Book information Date read: 2015-11-13 Author: Naomi Klein Genre: Economics Rating: 5* Goodreads page Summary One of the first economics books I read. Naomi has the ability to talk about such complex and interesting subjects in simplistic language.  She talks about the consequences of both unrestricted capitalism and deregulation; and also the economics behind climate …

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Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty

Book information Date read: 2015-07-30 Author: Abhijit V Banerjee Genre: Economics Rating: 5* Wikipedia page Summary One of the first economic development books that I read, and is such an easy read for someone who is just starting out in economics. It very much focuses on randomised focused trials and how small scale projects can …

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