Taegan Lion
Economics is the study of scarcity. And a teenager will benefit significantly by reading a book or two about it. It’s not complicated and enigmatic as some might claim, although it will require time and effort to understand and learn. But if you have 6 of the best economics books for teenagers, you’re pretty set up from start to finish.
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#1 The Undercover Economist by Tim Harford
The most entertaining and educational book on economics ever written - Tim Harford helps us mere mortals put the puzzle of economics in perspective and show us why it is so difficult to run an economy. Great examples of farmers and coffee shops and how to outwit Starbucks. How do big chains and corporations' price their products and why? To take advantage of your psychology. All is revealed, don't miss this one. A classic for young adults and older folks alike, economics for everyone.
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Contributor: Barry D. Moore from Liberated Stock Trader
#2 Strategic Pricing by Adam Juda
Rather than presenting economics as a collection of boring formulas and abstract theories, this book shows how economics can be used to improve businesses and change lives. Each chapter presents a problem facing a business, suggests an economics-based solution that can solve it, and provides an explanation of why the solution makes sense.
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Contributor: Adam Juda from TapRun Consulting
#3 The Little Book of Common Sense Investing by John C. Bogle
The author John was the founder of the most successful investment firm in the world The Vanguard Group. He knowledge shows through this book. John breaks down the complicated world of investing into common sense principles around the importance of diversifying and compound interest. The biggest trick with these principles is time. Because of that the sooner in life, someone can grasp these principles the better High school is the perfect time to learn these lessons.
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Contributor: Ryan Knoll from Tidy Casa
#4 The Millionaire Next Door by Cotter Smith
This economic classic destroys the stereotypes of millionaires driving Lamborghinis and living in expensive houses. The book does a great job illustrating who the common millionaire is, how they live, and how they got there. A great book for anyone looking to get economic stability in their lives.
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Contributor: Ryan Knoll from Tidy Casa
#5 Naked Economics by Charles Wheelan
Wheelan is great at breaking down complex ideas in a friendly, approachable, and funny way. He covers everything from macroeconomics to introductory finance. If you're looking for a solid overview, this is your book.
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Contributor: Catherine Giese from Fundera
#6 Billion Dollar Lessons by Paul B. Carroll, Chunka Mui
Sometimes the best lessons come from what goes wrong and not what goes well. This is one of the few books I’ve seen that breaks down famous business failures, what went wrong, and what lessons they can teach. Most of us won’t ever work on a scale of billions. However, this book is filled with practical lessons we can all glean for everyday life. It’s a great read for anyone looking to understand businesses and how to handle economic failures. If I would have read it in my teens it could have saved me a lot of mistakes later in life.
Want to read more reviews of this book or buy it? Check out the link below:
Contributor: Ryan Knoll from Tidy Casa
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