I'm designing the macro course I'm teaching this Spring and studying for quals in June, kind of.
I've "finished" Kahneman's Thinking Fast and Slow, and here is what I'm currently reading:
Knowledge and the Wealth of Nations, by Warsh
New Ideas from Dead Economists, by Buchholz^1
Philosophy of Science: A Very Short Intro, by Okasha
Price Theory, by Milton Friedman^2
Essays in Positive Economics, by Milton Friedman^3
MWG, various chapters for quals
The textbook I chose for my intermediate macro course
The Great Divergence, by Pomeranz^4
An Economic History of Medieval Europe, by some guy
I recommend all of them.
1 - I highly recommend this as a substitute or complement for The Worldly Philosophers by Heilbroner; a substitute if you're a layman, a complement if you're an advanced student who likes econ thought a lot.
2 - A recc from my former professor. Any thoughts on this one? I might pick up David Friedman's intermediate version and compare them to each other, intermediate and advanced Varian, and Nicholson and Snider for the inevitable day when I have to teach Intermediate Micro in the future. Also, quals.
3 - I've read this before, and have criticized it on here, but want to reread the entire book from a critical point of view after reading more methodology since then.
4 - I'm finding that more people should take this guy seriously when they publish Deep econ history today. I won't name names.
MWG came in the mail today. Let us dance, grad school. Is there anything I should be doing that you guys wish you'd done early on in your grad years?
I'm bummed that my class schedule conflicts with this one seminar that I really wanted to go to at another school nearby. I've been going for the past year or so. Such is life.
Picked up Krugman's The Accidental Theorist, the book, the other day. I wish he did more of these kinds of columns. I'm also reading up on--GASP--sociology these days and hopefully my school offers mathematical sociology in the next 2 years. That would be fun.
I don't think that story works. Just found this: http://finance.yahoo.com/news/why-corporate-cash-pile-isnt-163940462.html > U.S. companies are sitting on $358 billion more cash than they had at the start of the recession in December 2007, according to the latest Federal Reserve figures, from June. But in the same period, what they owed rose $428 billion.
[Thanks so much for the interest and discussion!]
I think it's the latter (but that's of course related to contracting constraints that limit commitment). Do you know the Wahhaj paper now published here? It's just a limited commitment insurance model with public (i.e. not hidden) savings.
What do you mean by the traditional insurance-incentives trade-off? Contract theory like principal-agent models? I nean, I guess I know what you mean but is there a canonical paper you have in mind, something I could read to clarify my thinking on these things?
I don't do macro, but someone suggest modern macro to me the other day as something that isn't a text book.
http://www.amazon.com/Modern-Macroeconomics-Origins-Development-Current/dp/1845422082