Reddit reviews Principles of Economics (Mankiw's Principles of Economics)
We found 18 Reddit comments about Principles of Economics (Mankiw's Principles of Economics). Here are the top ones, ranked by their Reddit score.
Used Book in Good Condition
Principles of Economics by Mankiw. You can get old, used editions for cheap.
It’s not sexy; it’s a textbook. However, it’s by far the best way for you to get a feel for basic theory and to understand the discipline.
Tu pregunta es muy general y toca diferentes aspectos de la economía como ventaja comparativa, libre comercio, inversión directa, inversión indirecta, etc... Para entender la respuesta tienes que estar familiarizado con estos temas.
Yo estudié economía. Te recomiendo ampliamente que trates de informarte más al respecto porque es una materia muy relevante para tu vida diaria y para entender lo que sucede en México y el mundo. Un buen libro para aprender es Principles of Economics de Mankiw. Tambien hay cursos en Khan Academy y Coursera.
Ahora bien, respondiendo tu pregunta.
> pero como se supone que estas inversiones nos ayudarían a nosotros los mexicanos?
Una planta de Audi no solo requerirá trabajadores en Audi, sino que necesitará proveedores que a su vez requerirán trabajadores. Se vuelve una cascada de empleo. Adicionalmente, los trabajadores que entren a Audi recibirán capacitación, aprenderán técnicas alemanas de productividad y en un futuro podrán transmitir este conocimiento a otras empresas si dejan Audi.
> Lo que yo pienso sucedería si llegasen mas empresas, sería que claro, habría mas trabajos, pero no serían de calidad, seguirían los mismos salarios miseros, las horas y días extra sin paga y los mismos derechos laborales pisoteados.
Siguiendo con mi ejemplo de la planta de Audi, esta va a requerir desde conserje hasta director de producción. Habrá trabajos de todos los niveles de habilidad y salario. Respecto a lo que mencionas de los derechos laborales, generalmente las empresas extranjeras están bajo escrutinio de más de una jurisdicción, por lo que tendrán menos incentivos a "pisotear" derechos laborales o no cumplir la ley. Ve a Apple en China por ejemplo. Ha hecho mucho por mejorar la condición laboral de los trabajadores de sus proveedores. Un trabajador de un proveedor de Apple en China probablemente está mejor que un trabajador de Huawei.
> Si algo atrae a las empresas es la mano de obra barata
No es "mano de obra barata" es mano de obra más barata que lo que les costaría en otro lado. Un ingeniero en México ganará 1/4 de lo que gana un ingeniero en Estados Unidos, pero también la vida en México es mucho menos costosa. También toma en cuenta que es mejor tener trabajo que no tenerlo. Finalmente, las empresas extranjeras tienden a pagar más que las nacionales por el mismo trabajo.
> Entonces si llegan mas empresas habría mas riquezas explotadas que se traducen en mayores ganancias para nosotros los mexicanos, o al menos para los de mas arriba...
Generalmente nos vamos a beneficiar. Tus ideas son coloniales. Es un hecho que nos podríamos beneficiar más pero también podemos caer en riesgo de perder inversiones extranjeras. Ponlo de otra forma, competimos con otros países por inversión extranjera, si demandamos demasiado, las empresas se van a otro lado.
> Por que si algo tenemos aquí es una clase política de ratas, toda esa inversión no se vería reflejada en la infraestructura u obras publicas sino mas bien en la nueva casa de 10 millones de tal diputado o en el yate que se compro el hijo del senador Pérez.
Esto no tiene que ver con tu pregunta. Pero lo puedo relacionar. Las empresas extranjeras son buenas para combatir la corrupción porque como te dije, están sujetas a más de una jurisdicción. Por ejemplo, una empresa Americana no puede hacer actividades fuera de Estados Unidos que sean ilegales en Estados Unidos. Si el gobierno Americano descubre que una empresa Americana sobornó a oficiales Mexicanos, el gobierno Americano multa a la empresa y persigue penalmente a los implicados en Estados Unidos. Lo mismo no se puede decir de México.
> Entiendo que en un país bien administrado y bien dirigido pueda ser beneficioso para la población, pero no veo como lo sea aquí.
Es mejor tenerlo que no tenerlo. No nos podemos cerrar al libre comercio (del cual la inversión extranjera es parte) porque tenemos problemas de corrupción. No veo la lógica detrás de esto.
> ¿Acaso ayudaría a fortalecer el peso como moneda?
Si. Para invertir en México, necesitas comprar pesos. Hacer esto incrementa la demanda por el peso y por lo tanto su valor. Que un peso fuerte sea bueno o malo depende.
> ¿Aumentaría el producto interno bruto?
Si. La inversión genera empleo. El empleo genera ingreso. El ingreso genera consumo, impuestos, y ahorros. Estos incrementan el producto interno bruto.
> Como dije anteriormente no soy experto en economía o política, pero me interesa saber mas y saber si estoy en lo correcto o no.
No necesitas ser un experto en economía para darte cuenta que estas equivocado en muchas de las cosas que piensas. No te preocupes, yo pensaba similar hasta que estudie economía. Y no pienses que necesitas volverte economista para entender. Lo hermoso de la economía es que es como Smash Brothers, fácil de aprender, pero difícil de dominar. Empieza por el libro que te ligue y con eso vas a responder todas tus preguntas y más.
Are you serious right now? Where'd you even hear something like that?
That has no resemblance to reality or tax code, and doesn't account for subsidies, tax havens, Obama's famous 'loopholes', and several more situations which allow corporations to get taxpayer money while paying no or even negative tax.
And I did read a book. This one, by our country's economic policy's founder James Maynard Keynes.
Then I went to college for Economics, and read this textbook.
N. Gregory Mankiw: a well-published, Tenured Harvard Professor, Former G.W. Staffer and writer of one of the most used books around the world in 101 economics courses https://www.amazon.com/Principles-Economics-Mankiws/dp/0538453052 is probably making ALOT more than 100k a year.
In fact the royalties from his textbooks alone make him a millionaire:
Since then, more than one million copies have been sold, and Mankiw has received an estimated $42 million in royalties from the book, which is priced at $280 per copy.
https://en.wikipedia.org/wiki/Greg_Mankiw
People in his tax bracket made out like bandits.
Here are three better ones:
https://open.umn.edu/opentextbooks/textbooks/principles-of-microeconomics
https://www.amazon.com/Principles-Economics-Mankiws/dp/0538453052
https://www.amazon.com/Krugmans-Economics-AP-Margaret-Ray-ebook/dp/B00UTZ09Z2
You want to complain about us telling you that you don't understand Econ? Take a 101 course at a university or, hell off of Khan Academy.
>You know that natural monopolies is an argument that hasn't held water for decades, and was invented by lobbyists, right?
Oh my god, what are you an-cap? Natural monopolies are chapter 15 of economics 101. It's taught in every economics class. The only way you could argue they aren't real is if you believe literally every mainstream economist, liberal and conservative, is being bought by lobbyists.
We are concerned when it impacts our money. I am not talking about a love for African democracy. When Mugabe tanked one of the better off agricultural producers US businesses lost income. Race isn’t the factor money is.
Your analogy regarding land is factually incorrect. You can produce goods by reducing labor through technology. There are many ways to produce more wealth that do not involve land. If you can try reading Mankiew’s “Principles of Economics” rather than Das Kapital.
https://www.amazon.com/Principles-Economics-Mankiws/dp/0538453052
Watch this and this and read this.
https://www.amazon.com/Principles-Economics-Mankiws/dp/0538453052
If you think I'm gonna sit here and dig through that wall of nonsensical rambling you're out of your mind. Especially after you've already proven you don't know the difference between inflation and deflation.
Reformat, use the quotation tool to address specific points, be concise, and stop the middle school obvious attempt to be condescending then get back to me.
Also probably a good idea to read this if you want to seriously discuss the topic.
everything on this list is well written and mindblowing, so I will not mention those two particular reasons every time. Items are in no particular order.
If you want a solid foundation I would start with something like This starting at chapter 29.
Lol, come on man, you might be the most ignorant poster I've ever seen when it comes to economic policy. Literally every one of your arguments related to economics is incorrect... and you seem incapable of understanding basic economic theory, terminology, or empirical evidence.
Seriously, go buy a cheap used introductory econ textbook used in a basic principles class (such as this one) and work through it cover to cover over several months. Also, and I don't mean this to be offensive, If English isn't your first language (I'm guessing it isn't since you're really not comprehending any of the points I'm making), I'm sure it's translated into many other languages.
Anyway, like I said, I'm not going to waste my time actually responding to any of your "arguments" since they're all incorrect and you're obviously not willing to change your position or even charitably attempt to understand other views.
If you have any questions re good intro textbooks, I'll make some suggestions. Other than that, fuck off.
https://www.reddit.com/r/Economics/wiki/reading
https://www.amazon.com/Principles-Economics-Mankiws/dp/0538453052
https://www.amazon.com/Modern-Principles-Economics-Tyler-Cowen/dp/1429239972/ref=la_B001IXMRS6_1_5?s=books&ie=UTF8&qid=1502038028&sr=1-5
IT'S MICRO 101. You wouldn't ask for empirical evidence that gravity exists. Don't be a knob.
Read this: https://www.amazon.com/Principles-Economics-Mankiws/dp/0538453052
You want me to find experts who don't believe we are heading towards massive deflation, followed by hyperinflation, all in the next year? How do I not find things? Find me an economist that believes that.
Here is Noah Smith, a trained economist addressing debt concerns. Here is the guy that Greg Mankiw thinks does a good job of explaining the debt. Mankiw wrote a textbook that is widely used to teach intro. He's also a libertarian.
Now some economists, like Tyler Cowen, believe it is getting to be a problem and have concerns, but he doesn't make it sound like the sky is falling this year.
>when you base a currency on something with limited availability, you can't proceed to print silly amounts of that currency to fund wars (iraq) and companies like halliburton, goldman, rothschilds, etc..
I don't think a gold standard exactly prevents legislatures from financing wars with debt. As this chart shows, the US incurred substantial public debt to finance many wars, both before and after Bretton Woods.
>it's not like inflation or fiat currency actually helps anyone working a real job in the non-financial private sector...quite the opposite
This is a contested point among economists. The gist of debate (as I understand it) is that there are costs to inflation (shoeleather costs, menu costs, increased variability of relative pricing, etc). However, many economists argue that the costs of reducing inflation can be quite large (on the order of 5% of GDP to reduce inflation by 1 point). In addition, this cost is not spread equitably over the population; the fall in aggregate income is on the backs of workers who lose their jobs. One of the great empirical insights of modern economics is the short-term tradeoff between inflation and unemployment (the Phillips curve).
Look, you seem like an inquisitive person. But most of the arguments you're presenting are extremely one-sided, and were debunked long ago by mainstream economics. I have held strong opinions on economic/political topics for years, but my opinions took a big overhaul a few years ago when I bit the bullet and read an economics textbook from cover to cover. Previously, I pretty much only read popular books on specific topics, most of them advocating for a particular, conservative point of view. (Secrets of the Temple, books by Thomas Sowell, etc). Many of my viewpoints were changed completely, and not necessarily in a more conservative or liberal direction.
Sorry if this comes across as condescending, but I honestly recommend that you invest some time and read a textbook in micro/macro. Mankiw is a popular choice. He devotes entire chapters to the US monetary system, inflation, and central banking. And the last chapter presents a series of debates over current macroeconomic policy, describing both sides. One of them about is whether central banks should aim for zero inflation.
This one