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There are 2 classics that everyone should have:
The General Theory of Employment, Interest, and Money - John Maynard Keynes
The Wealth of Nations - Adam Smith
They serve as good models for more advanced macro policies .
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Keynes General Theory may as well be written in a foreign language, I don't think it is a good place to start.
You would probably be better off looking up what the local university uses for macro 101 and get that used.
A subscription to the Economist would be more interesting though really.
Keynes is just the representative of one school. Also his book dates back to the 30s and does not include modern macroeconomics. So you will not really get an overview of the subject.
Here are some classics:
Gregory Mankiw, Macroeconomics, 7th Edition, March 2010
Olivier Blanchard, Macroeconomics, 5th edition, May 2008
C. McConnell, S.Brue, S.Flynn , Macroeconomics, 18th edition, Octobre 2008
Paul Samuelson, Macroeconomics, 19th edition, April 2009
In the end when all of all Wall Street blew they had to resort to this old school.
Keynesian is a model, like all models it can't contain all variables, never the less all complex things start with a model.
It is still a GREAT book.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
If you have the time you can also read through the whole historical literature, starting with Adam Smith, then reading Malthus, Ricardo, Marx, Walras, Marshalll, Pareto, Galbraith, Schumpeter, Keynes, Hayek and Friedman.
I just suggested to start with a macroeconomic textbook to get an overview of the subject.
It might even be more worthwhile for trading to have a speed dial: https://addons.mozilla.org/en-US/firefox/addon/4810/
Then set it up with the business section from say 15 major country newspapers around the world and spend maybe an hour or two a week reading.
Looking at the Macro book I have I really got nothing from it that was not obvious as alot of it seems to be a primer for econometrics.
