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Can anyone recommend a good financial/economics magazine?

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Pendrench Donating Member (729 posts) Send PM | Profile | Ignore Sun Dec-05-10 02:54 PM
Original message
Can anyone recommend a good financial/economics magazine?
I would like to try to increase my economic knowledge, but before investing in a subscription I wanted to see if anyone had any suggestions.

Thank you very much.

Tim
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somone Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-05-10 03:00 PM
Response to Original message
1. Not sure about magazines
Edited on Sun Dec-05-10 03:03 PM by somone
Popular choices are The Economist and BusinessWeek. If it's personal finance, Money.

If you're looking to gain knowledge about a particular topic in economics, check out:

http://ocw.mit.edu/courses/economics/#undergrad
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jtuck004 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-05-10 04:18 PM
Response to Original message
2. There are some good blogs and web sites out there
Edited on Sun Dec-05-10 04:59 PM by jtuck004
Know that there are a couple of schools of thought - a more traditional econ which describes how money worked under a gold standard (prior to '71 or so) takes up the space in most schools. Unfortunately, since we create zeroes on computers and don't need to borrow dollars (we are the sole supplier), it is somewhat less than correct about how money really flows in the world today - but people have large investments in their lives built on that and they aren't going to give it up easily ;)

The other is Modern Monetary Theory, taught in a few places, one being the University of Missouri - Kansas City. http://cas.umkc.edu/econ/economics/faculty/wray/raymain.html . There are several papers on their website.

The value in studying both perspectives is that it helps you tell opinion from fact, and please believe me when I tell you, there is a HUGE amount of unsubstantiated opinion out there, much of it colored by politics, and it's not always easy to see where each begins and ends. The value in such reading for the autodidact is that it is instructive to find the errors in fact and logic. As goofy and bone-headed as they are, even Tea Partiers are right once in a while, and the same goes with opinions in econ.

For example - people would very much like to blame a few million homeowners for our current economic woes. But that ignores 40+ years of short-term thinking that sold our industrial soul (jobs), and made it possible for the investment banks to run a $100+ trillion Ponzi scheme. Because most people won't take a few hours and learn some of the basics of what happened, the banks and the government now collude to empty the national treasury of hundreds of billions of dollars that flow to the wealthiest people. With a little study you can be as frustrated by that as others.

Start with a fair amount of skepticism and check everything out - it's a tremendously interesting field.

You can find the more traditional thinking by just googling economics. But for the harder to find, but perhaps more accurate in their descriptions of how modern money really works, here are a couple

http://www.newdeal20.org/

http://econproph.com

http://bilbo.economicoutlook.net/blog/ <this one actually has quizzes about modern monetary theory

http://gregmankiw.blogspot.com/ < more traditional, but respected in his field
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westerebus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-05-10 04:43 PM
Response to Original message
3. Read DU economy.
Ask questions.

Some pretty smart folks around here.

Big plus is it's current and peer reviewed.

And great links.
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jotsy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-05-10 04:46 PM
Response to Original message
4. Well I think you're probably the best judge of what suits.
So the trick would be finding a spot or two that bring together a lot of voices from across the spectrum. There's an economic forum here, check the lobby. Better still every Friday night a very dedicated an admirable DUer, IMHO Demeter posts and feeds a 'Weekend Economists' thread with a great many nuggets and links to the kind of sources you're in search of. You'll find it in the Editorials and Articles arena. Run some links down and find what tickles your fancy.



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westerebus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-05-10 05:18 PM
Response to Reply #4
6. Double plus good that one.
And Ozy in the AM... lot's a good stuff.
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OutNow Donating Member (538 posts) Send PM | Profile | Ignore Sun Dec-05-10 05:07 PM
Response to Original message
5. The Economist - Check it out
The Economist is a UK weekly mag. Some of the articles are dense, but it's worth your time to read them. The newsy short articles are OK too, but if you'd like to know what is really happening behind (underneath?) the news cycle the longer articles are great. BTW - the Economist approaches economic issues from a political economy praxis, i.e. not the normal "buy this stock" personal investment approach of many personal finance / investment mags.

Lastly, because it is not USA-centric is provides a better ideas of what is happening in the rest of the world. It is conservative (the traditional definition of conservative not the bat-shit crazy definition of the current right wing in the USA), but you'd be amazed at how the USA is viewed by the rest of the world and how some economies have advanced while ours has stagnated.
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DuckBurp Donating Member (172 posts) Send PM | Profile | Ignore Sun Dec-05-10 10:24 PM
Response to Reply #5
8. I agree - The Economist - for all the reasons posted above
I am fortunate that my employer pays for my subscription. I receive the hard copy as well as the on-line edition. The readers' comments suggest very strongly that people who read this magazine are deep-thinkers whose comments add immensely to the content of the articles.
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Pendrench Donating Member (729 posts) Send PM | Profile | Ignore Sun Dec-05-10 07:56 PM
Response to Original message
7. Thank you all for your replies and comments.
When I did a search for Best Financial Magazines, I found the following list:

Smart Money
Kiplinger
Forbes
Money Magazine
Financial Times
Money Sense
The Economist
Bloomberg Business Week

I'm not really looking for an "investment" magazine - I was hoping to find something that will cover/explain current economic issues. It sounds like The Economist may be the best bet.

Again, thank you for responding to my original post.

Tim
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