Resources for Understanding Money

March 21, 2020

An Ask HN came up recent­ly, asking for rec­om­men­da­tions for resources on under­stand­ing money. I gave it a few days before diving in to col­late all of the rec­om­men­da­tions. For addi­tion­al infor­ma­tion about any of the items on the list, feel free to search for key­words on the Hacker News web­page itself.

These are sorted in order of appear­ance, from top to bottom, which I believe is a rough esti­mate of qual­i­ty. Many items on the list have also been rec­om­mend­ed more than once.

Note that I have not read or watched most of these rec­om­men­da­tions, so I cannot offer any per­son­al com­men­tary. I will, how­ev­er, be pulling some of these into my own read­ing queue, so feel free to check that out.

Web columns, blogs, other resources

  1. Money Stuff by Matt Levine

    • You might get pay­walled by Bloomberg, but you can read his stuff through his newslet­ter.
  2. Felix Salmon
  3. Finan­cial Times (specif­i­cal­ly Alphav­ille)

  4. Warren Buf­fet­t’s Let­ters to Share­hold­ers
  5. Under­stand­ing Money Mechan­ics
  6. How The Eco­nom­ic Machine Works by Ray Dalio (Youtube)
  7. Resources by the Bank of Eng­land

  8. The Money Cre­ation Para­dox

Online cours­es

  1. Eco­nom­ics of Money and Bank­ing - Cours­era

Books

  1. Rem­i­nis­cences of a Stock Oper­a­tor (Lefèvre)
  2. The Banker­s’ New Clothes: What’s Wrong with Bank­ing and What to Do about It (Admati, Hell­wig)
  3. Intro­duc­tion to Finance: Mar­kets, Invest­ments, and Finan­cial Man­age­ment (Norton, Melich­er)
  4. Macro­eco­nom­ics and the Finan­cial System (Ball, Mankiw)
  5. The Mys­tery of Bank­ing (Roth­bard)
  6. Eco­nom­ics in One Lesson: The Short­est and Surest Way to Under­stand Basic Eco­nom­ics (Hazlitt)
  7. Eco­nom­ics in Two Lessons: Why Mar­kets Work So Well, and Why They Can Fail So Badly (Quig­gin)
  8. A Random Walk Down Wall Street: Includ­ing a Life-Cycle Guide to Per­son­al Invest­ing (Malkiel)
  9. Common Sense on Mutual Funds: New Imper­a­tives for the Intel­li­gent Investor (Bogle)
  10. The Alche­my of Finance (Soros)
  11. Fixed Income Secu­ri­ties: Tools for Today’s Mar­kets (Serrat, Tuck­man)
  12. Incer­to series (Taleb)
  13. Prin­ci­ples for Nav­i­gat­ing Big Debt Crises (Dalio)
  14. Con­cise Guide to Macro­eco­nom­ics (Moss)
  15. Trad­ing and Exchanges: Market Microstruc­ture for Prac­ti­tion­ers (Harris)
  16. The Ascent of Money: A Finan­cial His­to­ry of the World (Fer­gu­son)
  17. Debt: The First 5000 Years (Grae­ber)
  18. Finan­cial State­ments: A Step-by-Step Guide to Under­stand­ing and Cre­at­ing Finan­cial Reports (Ittel­son)
  19. The Nature of Money (Ingham)
  20. The Code of Cap­i­tal: How the Law Cre­ates Wealth and Inequal­i­ty (Pistor)
  21. Amer­i­can Bonds: How Credit Mar­kets Shaped a Nation (Quinn)
  22. Pay­ments Sys­tems in the U.S. (Benson, Loftes­ness, Jones)
  23. Lords of Finance: The Bankers Who Broke the World (Ahamed)
  24. The Long and the Short of It: A Guide to Finance and Invest­ment for Nor­mal­ly Intel­li­gent People who Aren’t in the Indus­try (Kay)
  25. Economix: How and Why Our Econ­o­my Works (and Does­n’t Work) in Words and Pic­tures (Good­win, Burr)
  26. The End of Alche­my: Money, Bank­ing and the Future of the Global Econ­o­my (King)
  27. Melt­down: A Free-Market Look at Why the Stock Market Col­lapsed, the Econ­o­my Tanked, and the Gov­ern­ment Bailout Will Make Things Worse (Paul, Woods)
  28. The Great Defor­ma­tion: The Cor­rup­tion of Cap­i­tal­ism in Amer­i­ca (Stock­man)
  29. The Fed Flunks: My Speech at the New York Fed­er­al Reserve Bank (Wendel)
  30. The Com­plete Guide to Cap­i­tal Mar­kets for Quan­ti­ta­tive Pro­fes­sion­als (Kuznetsov)
  31. The Limits to Cap­i­tal (Harvey)
  32. Secu­ri­ty Analy­sis (Graham, Dodd)
  33. How to Read the Finan­cial Pages (Brett)
  34. Stigum’s Money Market (Stigum, Crescen­zi)
  35. The Econ­o­mist Guide to Finan­cial Mar­kets (Levin­son)
  36. The Value of Every­thing: Making and Taking in the Global Econ­o­my (Maz­zu­ca­to)
  37. Cap­i­tal­ism: A Trea­tise on Eco­nom­ics (Reis­man)
  38. The Future of Money (Lietaer)
  39. Naked Eco­nom­ics: Undress­ing the Dismal Sci­ence (Whee­lan)