Reading itinerary for a layman

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Reading itinerary for a layman

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1defaults
Modifié : Déc 25, 2008, 3:47pm

Hello,

I want to learn about present-day global finance to understand better what's going on in the world. I started with A History of Economic Thought which, although very worthwhile reading in its own right, stops around 1930 and seems to emphasize political economics which isn't quite the goal I had in mind. I'll certainly need something on globalized economy and financial markets in general to go on from there—and since I know so little of the field there may be topics I don't know about at all but should. I would appreciate any reading suggestions!

2asabel
Déc 27, 2008, 6:27pm

Tom Friedman's lexus and the olive tree and Joseph Stiglitz's Globalization and its Discontents both are excellent starts.

3defaults
Déc 28, 2008, 5:04am

Thanks! It turns out the latter is just being cleared out in translation.

4Adaptive_Agent
Modifié : Déc 28, 2008, 6:52pm

Most textbooks for a Money and Banking or Financial Institutions class are good for a layperson who wants to understand the various kinds of financial institutions and what they do.

For example, this one will tell you what a hedge fund is, what securitization is, what Fannie Mae and Freddie Mac do, etc. These are all topics that have received a lot of attention in the recent financial sector unpleasantness.

Typically they have about two chapters on the rudiments of international aspects of finance.

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