Economics is a beautiful subject not as complicated as people might think. In fact, economics starts with individual human action. If you understand that humans act with a purpose, you’re well on your way to understanding economics. To help you learn from the ground up, I’ve compiled a list of 5 free economics eBooks, ranked from easiest-to-understand to more advanced.
This list will give you a new perspective on what economics actually is, tools and terminology to talk econ with the best of them, examples of common economic misconceptions, and a base-level understanding to jump-start your dive into more advanced material. Here are the top 5 Free economics eBooks you can download now.
1. “I, Pencil” – Leonard E. Read
This timeless and perspective-shifting essay was originally written by FEE founder Leonard E. Read in 1958 and is a must-read for anybody curious about economics. Read tells a story through the eyes of a pencil that details the innumerous forces behind market production, and how no single person could possess the know-how or resources to produce such a thing.
2. Economics in One Lesson – Henry Hazlitt
Economics in One Lesson is an introduction to economics written by Henry Hazlitt and first published in 1946. The art of economics consists in looking not merely at the immediate but at the more prolonged effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
3. A Renewable World: Energy, Ecology, Equality
This path-breaking book provides sound and practical introduction, arguments, directions, and specific solutions not only for the fast diffusion of renewable energies but for a whole revolution widening their exponential dynamics (and advantages) to all sectors, to demonstrate that yes, “we can renew our world, despite many of the grim developments of the last few centuries”
4. Kalecki’s Economics Today
This 250-pages-long book presents not only the legacy of Kalecki (a brilliant economist, whose only fault was to publish in the Polish language; he independently discovered many of the key concepts of what is now identified as Keynesian theory) but also a possible reading of Michal Kalecki as a behavioral economist and the implications for modern evolutionary economic analysis.
5. Econometrics textbook
This free textbook about econometrics analysis, methods, and algebra cover themes like regression, ordinary least squares estimation, multicollinearity, omitted variables, generalized least squares, heteroskedasticity, generalized method of moments, bootstrap techniques, time series analysis, vector auto-regressive analysis (VAR), cointegration, non-parametric methods.