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Lecture 01 - Recommended Resources

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Core Books & Essays mentioned by Zucco

The first lecture focuses on Economics, History, and the “Why” of Bitcoin.

Foundations of Economics

  • “Human Action” by Ludwig von Mises: The definitive work on Praxeology and the foundation of the economic principles discussed (Crusoe Economics).
  • “The Bitcoin Standard” by Saifedean Ammous: Specifically for the Stock-to-Flow model and the history of money (Gold vs. Fiat).
  • “What Has Government Done to Our Money?” by Murray Rothbard: A concise history of how money moved from gold to fiat through government intervention.
  • “That Which is Seen and That Which is Not Seen” by Frédéric Bastiat: For understanding the hidden costs of inflation and government spending (The Broken Window Fallacy).

Monetary History & Human Rights

  • “Shelling Out: The Origins of Money” by Nick Szabo: An essential essay on the pre-history of money and why humans chose specific collectibles (shells, beads) as proto-money.
  • “Check Your Financial Privilege” by Alex Gladstein: Focuses on the human rights case for Bitcoin and how it helps those living under high-inflation regimes or financial surveillance.
  • “The Ethics of Money Production” by Jörg Guido Hülsmann: On the moral implications of fiat money and seigniorage.

Key Concepts to Explore

  • WTF Happened In 1971? (Website): A visual collection of charts showing the decoupling of productivity and wages after the end of the Gold Standard.
  • The Nixon Shock: Documentary footage or historical archives of August 15, 1971.

resources economics history bitcoin gold

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