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Applied Economics: Thinking Beyond Stage One
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Applied Economics: Thinking Beyond Stage One Hardcover - 2003

by Thomas Sowell


Summary

This revised edition of Applied Economics is about fifty percent larger than the first edition. It now includes a chapter on the economics of immigration and new sections of other chapters on such topics as the “creative” financing of home-buying that led to the current “subprime” mortgage crisis, the economics of organ transplants, and the political and economic incentives that lead to money earmarked for highways being diverted to mass transit and to a general neglect of infrastructure. On these and other topics, its examples are drawn from around the world. Much material in the first edition has been updated and supplemented. The revised and enlarged edition of Applied Economics retains the easy readability of the first edition, even for people with no prior knowledge of economics.

From the publisher

The application of economics to major contemporary real world problems--housing, medical care, discrimination, the economic development of nations--is the theme of this new book that tackles these and other issues head on in plain language, as distinguished from the usual jargon of economists. It examines economic policies not simply in terms of their immediate effects but also in terms of their later repercussions, which are often very different and longer lasting. The interplay of politics with economics is another theme of Applied Economics, whose examples are drawn from experiences around the world, showing how similar incentives and constraints tend to produce similar outcomes among very disparate peoples and cultures.

First line

When we are talking about applied economic policies, we are no longer talking about pure economic principles, but about the interactions of politics and economics.

Details

  • Title Applied Economics: Thinking Beyond Stage One
  • Author Thomas Sowell
  • Binding Hardcover
  • Edition 2nd
  • Pages 256
  • Volumes 1
  • Language ENG
  • Publisher Basic Books, New York
  • Date November 11, 2003
  • ISBN 9780465081431 / 0465081436
  • Weight 1.11 lbs (0.50 kg)
  • Dimensions 9.52 x 6.4 x 0.93 in (24.18 x 16.26 x 2.36 cm)
  • Library of Congress subjects Economics - Political aspects, Economic development
  • Library of Congress Catalog Number 2003010562
  • Dewey Decimal Code 330

About the author

Thomas Sowell has taught economics at a number of colleges and universities, including Cornell, University of California Los Angeles, and Amherst. He has published both scholarly and popular articles and books on economics, and is currently a scholar in residence at the Hoover Institution, Stanford University.
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