Required reading

By Megan McArdle

I was on a panel yesterday about the financial bailout, and someone there asked me what they could read to understand the financial crisis.  As I've said before, I don't think anyone understands the financial crisis.  Ben Bernanke is probably the one guy you would have picked out of all the economists in the US to be in charge during a major financial crisis, and he seems kind of stumped.  Nonetheless, you can understand it better.

So, books, a slightly updated version of the list I put up a few weeks ago:

For publications:  the FT, the Wall Street Journal, Barrons, The Economist

Blogs (in no particular order):

Brad Delong
Naked Capitalism
Marginal Revolution
Derivative Dribble
Calculated Risk
Felix Salmon
James Surowiecki
Free Exchange
EconLog
The Big Picture
Capital Gains and Games
Greg Mankiw
Paul Krugman
Dani Rodrik
Clive Crook
Daniel Davies
Mark Thoma
The Economics of Contempt
FT Alphaville

That's a big list; few of you will read them all.  But almost any of them is a good place to start.  I note that the temptation to read only people close to you on the ideological spectrum is a huge mistake; you should try to get as rounded a picture of the thought out there as possible.

This article available online at:

http://www.theatlantic.com/business/archive/2008/10/required-reading/4291/