Applied Economics: Thinking Beyond Stage One

Applied Economics: Thinking Beyond Stage One

by Thomas Sowell
4.3 12

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Applied Economics: Thinking Beyond Stage One by Thomas Sowell

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.

Product Details

ISBN-13: 9780786722709
Publisher: Basic Books
Publication date: 12/09/2008
Sold by: Hachette Digital, Inc.
Format: NOOK Book
Pages: 352
Sales rank: 641,707
File size: 377 KB

About the Author

Thomas Sowell has taught economics at Cornell, UCLA, Amherst and other academic institutions, and his Basic Economics has been translated into six languages. He is currently a scholar in residence at the Hoover Institution, Stanford University. He has published in both academic journals in such popular media as the Wall Street Journal, Forbes magazine and Fortune, and writes a syndicated column that appears in newspapers across the country.

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Applied Economics: Thinking Beyond Stage One 4.3 out of 5 based on 0 ratings. 12 reviews.
Guest More than 1 year ago
This book is undoubtedly the most practical and relevant book relating to how our politicians can destroy our country without us even realizing it! The negative impacts of NOT thinking beyond stage one are clearly laid out in a very readable way. I would recommend this book as REQUIRED reading by EVERY AMERICAN beyond freshman in high school!
Tunguz More than 1 year ago
Many political considerations have the underlying economic dimensions. In fact, probably every political decision has major economic ramifications. Unfortunately, it is not always easy to discern all of those ramifications and the consequences of those decisions that come up further down the road sometimes take time to manifest themselves. This book provides the reader with some basic tools of analysis in order to fully appreciate some of the major political issues of today. The main focus is on the US politics, but the issues discussed have cropped up under different guises around the world and the book could certainly be read by international audience. Thomas Sowell is one of the most respected political columnists of today, and his popularity and influence are in large measure due to the fact that he is exceptionally skillful at writing at the level that can be readily appreciated by the general readership. He's particularly adroit at breaking down complex issues and presenting them in terms of their most salient components. It is exactly this style that he brings to this book. The book is not a highbrow academic treatise, nor even a real textbook. Its aim is to promote economic literacy on the part of general public, and in that respect it does an admirable job. The title of the book suggests that this is a sequel to Sowell's "Basic Economics," but this is a largely self-contained work and can be read independently of the earlier book. In fact, each one of the chapters can be read in its own right. The only thing that links them in a single volume is the general theme of considering economic consequences "beyond stage on," i.e. beyond the immediate impact that various political decisions have. This is one of those books that everyone should read. If everyone did, it is very likely that we wouldn't be straddled with the consequences of unfortunate political decisions for decades at a time.
Stemline More than 1 year ago
These days when so much blather is being spewed relating to economics, it is refreshing to find someone who has his feet on the ground. Sowell distinuishes politics from economics (most contemporary writing does not) and takes up such issues as medical care, housing, immigration, and Third World development. The book is likely to get little discussion in the press, as virtually everything Sowell points out about the way the world works will offend their liberal beliefs.
Bill-in-VA More than 1 year ago
Sowell's grasp of the market infuences and patteerns and his ability to explain what happens when politics and economics mix make this book a must read. It should be required reading for all high school students.
Patriot01 More than 1 year ago
This is probably the most relevant book of our times! Thomas Sowell outlines how our failure to think past stage one can cause a dalayed economic impact that could be devastating to our country and its population. Every American above the age of 12 should read this book and understand that we CAN prevent our politicians from destroying our economy and way of life! WE MUST THINK PAST STAGE ONE!
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Anonymous More than 1 year ago
I thoroughly enjoyed the red, right up to the final paragraph. But i was surprised thre was no ending. I turned the page expecting another topic but I was at the notes. No conclusion, no take away. Not at all what expected after such lucid exposition.