What should I study to understand real-world economics? (I.e., To gain financial literacy)

post by Rudi C (rudi-c) · 2020-04-08T19:22:02.807Z · score: 4 (2 votes) · LW · GW · 2 comments

This is a question post.


    2 iAmEhead

I have taken a basic economics course and read some academic economic stuff here and there, but these have been viscerally “theoretical” in nature. I want to understand real-world concepts like value chains, stocks, venture capital, IPO, corporations (I can’t quite say I know what a corporation IS.) ... . The best resource I have found to date is http://stratechery.com . I am wondering if more efficient learning material exists. I don’t want advice/prediction books (on management or investing). I simply want to understand the basic stuff about these concepts. Financial literacy, I would say. I don’t know if there is a name for this ”field of study.”


answer by iAmEhead · 2020-04-09T01:30:11.630Z · score: 2 (2 votes) · LW(p) · GW(p)

Hands down... Khan Academy.


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comment by johnswentworth · 2020-04-08T19:49:37.773Z · score: 5 (3 votes) · LW(p) · GW(p)

Most of the stuff you list isn't really economics topics; you might find the sort of stuff you're looking for in legal texts instead. Something like a corporate finance book or class would be a good starting point. (Business schools also cover this stuff, but it's likely to be dumbed down compared to law school versions.)

comment by Frank Bellamy (frank-bellamy) · 2020-04-09T04:13:47.026Z · score: 5 (3 votes) · LW(p) · GW(p)

The basic law school class or casebook (a casebook is the law school version of a textbook) is generally titled simply "corporations" or "business organizations" or something like that.