If you want to learn Economics, don't enroll in any course.
Just read this book.
I'm not kidding.
It will seriously teach you more than anything else can.
Thread: x.com
Just read this book.
I'm not kidding.
It will seriously teach you more than anything else can.
Thread: x.com
Adam Smith was the father of modern Economics.
He's the person who first put this beautifully infinite field into a cohesive framework of ideas.
You'll get a really complete education out of only reading this book. x.com
He's the person who first put this beautifully infinite field into a cohesive framework of ideas.
You'll get a really complete education out of only reading this book. x.com
By reading Smith, you'll avoid a massive mistake everyone makes:
People tend to read summaries, interpretations, and stuff like that.
These things don't work.
If you understand human psychology, you know why this is the case.
(And Smith was smarter than interpreters). x.com
People tend to read summaries, interpretations, and stuff like that.
These things don't work.
If you understand human psychology, you know why this is the case.
(And Smith was smarter than interpreters). x.com
Once ideas are out there, people will toy with them.
They'll generally misunderstand what the person said or even distort it until they are satisfied with the "conclusion."
And that's what they'll tell you he said.
So, no. Go to the source and see for yourself. x.com
They'll generally misunderstand what the person said or even distort it until they are satisfied with the "conclusion."
And that's what they'll tell you he said.
So, no. Go to the source and see for yourself. x.com
What seriously struck me from this book is how much ground it covers.
It's incomprehensible how a single human could gather this much knowledge and wisdom, and connect it so soundly.
The economic system is infinitely complex, yet this man reduced it to what truly matters. x.com
It's incomprehensible how a single human could gather this much knowledge and wisdom, and connect it so soundly.
The economic system is infinitely complex, yet this man reduced it to what truly matters. x.com
Smith wrote this book in a way that reached the deepest state of things.
He sought to be understood, not to show off his intelligence.
Not only does he use perfectly clear words and framings, but the book has stupendous examples.
And, incredibly, no sentence is spared. x.com
He sought to be understood, not to show off his intelligence.
Not only does he use perfectly clear words and framings, but the book has stupendous examples.
And, incredibly, no sentence is spared. x.com
The Wealth of Nations follows Isaac Newton's structural process.
Smith pulls all threads until there's nothing.
He covers absolutely everything but builds from the ground up.
Topics are dazzlingly fundamental and attacked at their very essence. x.com
Smith pulls all threads until there's nothing.
He covers absolutely everything but builds from the ground up.
Topics are dazzlingly fundamental and attacked at their very essence. x.com
The most common objection to learning economics is the fear of math.
Well, the thing I loved the most about Adam Smith's work is that it does not have a single equation.
It's all words!!! x.com
Well, the thing I loved the most about Adam Smith's work is that it does not have a single equation.
It's all words!!! x.com
The book is actually called "An Inquiry Into the Nature and Causes of The Wealth of Nations."
There was no "economist" title before Adam Smith.
He was a philosopher.
It's the search for truth, not truth itself.
You can really tell when someone just wants to know. x.com
There was no "economist" title before Adam Smith.
He was a philosopher.
It's the search for truth, not truth itself.
You can really tell when someone just wants to know. x.com
Because of how it's written, you don't need any background in economics to understand the bulk of the work.
Hope you found this thread useful and make sure to share if you have!
I post daily about books.
You can follow me at @Giuliano_Mana to find interesting reads.
Hope you found this thread useful and make sure to share if you have!
I post daily about books.
You can follow me at @Giuliano_Mana to find interesting reads.
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