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Best Selling > Books > Econometrics

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1.Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything by: Steven D. Levitt, Stephen J. Dubner
October 17, 2006
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Books : Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything
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Economics and economists have the reputation of being dry, dusty old ideas and men with no more life to them than an Egyptian mummy on display in a museum. But Freakonomics brings fresh life to the subject and at the same time encourages its readers to think outside the box or break the mold of conventional thinking.

A series of six hilarious chapters challenge our assumptions on everything from drug dealers to school teachers to parenting. Using statistics and new interpretations, the authors Steven Levitt and Stephen J. Dubner help us view our world with altered eyes, recognizing that truisms and cliches are not necessarily reflections of reality. In today's world of crashing stock markets and neighborhoods full of foreclosed houses, its good to take a fresh look at economics ... Read More

2.Capitalism and Freedom (Phoenix Books) by: Milton Friedman
September 15, 1982
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Books : Capitalism and Freedom (Phoenix Books)
A fantastic piece of literature. The concise nature of the book belies the depth of knowledge and purpose of Friedman's writings, but then that is what he intended. I find I take more out of the book each time I read it. A must for any serious economist and to any one willing to gain a clearer picture of the political economy and the forces at play.
Do yourself a big favour and read this and if are a socialist then be warned, the truth will hurt! (If Mises's work has not already done that)

3.The Reckoning by: David Halberstam
1994-03
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Books : The Reckoning
David Halberstam wrote in 1986 his view of the history of the carmaking industry. He focuses on Ford and Nissan. Other players get mentions here and there, but no more than that. While a broader look at the whole carmaking industry might seem better, Halberstam's approach works.

No one writes this kind of history any more. Rather than lecture, Halberstam brings out details that tell the story themselves. He picks people and follows their careers, mistakes and successes, as they make their contribution to carmaking.

Halberstam does not do everything perfectly. His approach has its flaws. He will boil down someone's life to a few pages, or even paragraphs, which makes the complex more simple than it should be. And much of what he writes can only be speculation -- how ... Read More

4.A Guide to Econometrics by: Peter Kennedy
February 25, 2008
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Books : A Guide to Econometrics
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This book must be mandatory before and during any econometrics class. In intuitive terms and examples, with minimal notation and math, manages to deliver a working knowledge, a basic understanding that can supplement and aid in the use of the usual undergraduate and graduate econometrics books like Green and others.

What is exactly opposite of these other books is that you can really enjoy reading this book while drinking your coffee, or lying on the sand enjoying the beach. I recommend this book in my syllabus to all my students in all graduate and undergraduate courses I teach.

5.The Economics of Money, Banking, and Financial Markets (Study Guide to 5th Edition) by: John McArthur, Frederic S. Mishkin
1998-01
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Books : The Economics of Money, Banking, and Financial Markets (Study Guide to 5th Edition)
I cannot review this item because, after ordering it over a month ago, I have yet to receive the book. In addition, the seller has not been returning my email requests for the shipping information

6.The Economist Guide to Economic Indicators: Making Sense of Economics (Economist) by: The Economist
January 10, 2005
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Books : The Economist Guide to Economic Indicators: Making Sense of Economics (Economist)
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I wish I would have had it during Macroeconomics class for a reference.

7.The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice, and Lives (Economics, Cognition, and Society) by: Deirdre Nansen McCloskey, Steve Ziliak
February 19, 2008
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Books : The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice, and Lives (Economics, Cognition, and Society)
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This is a rather poorly written and overwrought summary of how statistical significance testing is misused in many areas of science. The authors are economists, not statisticians, and have a idiosyncratic understanding of the subject matter, regularly confusing different aspects of hypothesis testing and selectively quoting Fisher.

If you are interested in the subject, Jacob Cohen, Gerald Dallal, and others have written clearer summaries. Wikipedia also has some useful pointers. Keep Nasim Taleeb's (the Black Swan) comments about economists and statistics in mind.

8.Econometric Analysis of Cross Section and Panel Data by: Jeffrey M. Wooldridge
October 01, 2001
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Books : Econometric Analysis of Cross Section and Panel Data
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As a development economist with some experience with panel data, I found Wooldridge a great guide to the nitty-gritty of longitudinal analysis. Good theoretical and practical background. Examples used to illustrate each point. Organizational structure is simple and elegant. If you've been relying on the Stata Manual to help you with your xt- econometrics, check this out first; you'll be less likely to make a mistake.

A good intermediate text, and a must for any econometrician's shelf. I'm buying a second copy - one for work and one for home. You might consider the same.

9.Analysis of Financial Time Series (Wiley Series in Probability and Statistics) by: Ruey S. Tsay
August 30, 2005
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Books : Analysis of Financial Time Series (Wiley Series in Probability and Statistics)
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Professor Tsay is a student of the Wisconsin school of statisticians where he learned time series from Box and Tiao. He is an excellent lecturer and a good writer. I have attended one of the short courses he taught on time series. New models have been developed to deal with the special behavior of financial time series. Professor Tsay is always at the forefront of that research and teaches at Chicago in one of this country's top business schools. If I am correct George Tiao is also there at present.

10.Statistics for Business and Economics with EasyStat CD-ROM by: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
November 21, 2002
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Books : Statistics for Business and Economics with EasyStat CD-ROM
This was a horrible service if you pay for an item and never receive it.

I had to buy a second copy from my University book store and I will never buy another book from Amazon ever again. I'll either get my books from the book store or people. This was horrible.

Amazon: I hate you.

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