Recommended Reading on Economics

An economist working at Valve Software has recently written an article that comprises the content of an essay I’ve been meaning to research and write for some time, now.

Why Valve? Or, what do we need corporations for and how does Valve’s management structure fit into today’s corporate world?

While I reserve judgment on the future success of Valve or its business model, I concur that the enlightened parts of the world will soon adopt a completely new system that might be called, “post-capitalism.”  In contrast to (pure) socialism or communism, this will be the “enlightened progeny” of modern capitalism–with a more efficient and scalable labor structure and market, and many fewer human/economy/government/etc. abuses.

I think that in 100 years or so from now (maybe more), historians will see the time we live in as a time of great un-enlightenment, wherein we allowed our technology and systems of government and economics to rule us, rather than us ruling them.  I very much look forward to the economic and political revolutions that will hopefully take place during my lifetime.

The ideas of Adam Smith, David Hume, Frederich von Hayek, Thomas Hobbes, Karl Marx, Joseph Schumpeter, and Ronald Coase are briefly cited/summarized and compared/contrasted with good neutrality.

I strongly recommend reading this article if you want to understand a little more about economic theory than is normal for the “average” person.

What are your thoughts on this?

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