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Economics book recommendations
February 5, 2012 at 8:54 am
Would anybody have any good recommendations on introductory works on both the Keynesian and Austrian economic schools. I am interesting in knowing enough about both to weigh them up and see if I can say which one is the better.
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RE: Economics book recommendations
February 5, 2012 at 6:14 pm
If you already know the basics and want to focus on differentiating Keynesian and Austrian, I would recommend studying the history of economics as a whole instead of focusing on basic textbooks. Individual textbooks, especially in the social sciences, are heavily dependent upon the historical perspective of the editors and authors compiling the book. It is easier to start progressing into the specific perspectives (Keynesian, etc) by actually studying the authors who started them, then move on to modern interpretations and progress afterwards.
So what I'm saying is go read Keynes and Hayek themselves.