Top 6 Must Read Basic Economic Books

Here is a list in my opinion of the top 6 overall basic economics books that explain the proper fundamentals to the current economic crisis. And to better understand what is “really” going on around the world in terms of economics.

1. Economics in one lesson by Henry Hazlitt

This classic work by Hazlitt is in my opinion one of the best beginners book on basic economic principals. This book is for anyone who wants a clear and easy to understand explanation of how economics works. This book is also highly regarded in the Mises Institute and other Austrian Economist circles. This is a great place to start your learning.

2. How An Economy Grows And Why It Crashes by Peter Schiff

Excellent beginners book on economics. In this illustrated book Peter tells a story about how two individuals who lived on a deserted island eventually created an economy and how it progressed and why it eventually failed. He also provides insightful evidence how we are on the same path as these two individuals who destroyed the economy by debasing the money supply and creating inflation.

 3. Meltdown by Thomas E. Woods

Thomas Woods, is a senior fellow at the Mises institute, American historian, economist and political analyst. His views in this book explains his reasons for the current financial crisis and discusses how the US economic policy and the federal reserve is at the forefront of this situation.

4. End the Fed by Ron Paul

Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don’t realize is that the Fed — created by the Morgans and Rockefellers at a private club off the coast of Georgia.

5. Basic Economics by Thomas Sowell

Basic Economics, which has now been translated into six languages, has grown so much that a large amount of material in the back of the book in previous editions has now been put online instead, so the book itself and its price will not have to expand. The central idea of Basic Economics, however, remains the same: that the fundamental facts and principles of economics do not require jargon, graphs, or equations, and can be learned in a relaxed and even enjoyable way.

6. The Creature from Jekyll Island by Edward Griffen

Where does money come from? Where does it go? Who makes it? all these questions are answered in this great book. This book is about the most blatant scam of all history. It’s all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Creature from Jekyll Island will change the way you view the world, politics, and money.

For other economic book that we recommended see our economic book library here.

Original article: Top 6 Must Read Basic Economic Books

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