Applied Economics: Thinking Beyond Stage One
Applied Economics: Thinking Beyond Stage One by Thomas Sowell, published by Basic Books on December 9, 2008, is a comprehensive exploration of the application of economics to significant contemporary issues. This 2nd edition, comprising 352 pages, presents complex topics such as housing, medical care, and discrimination in accessible language, moving away from the typical jargon associated with economic discourse.
Readers will find that the book delves into economic policies by examining not only their immediate effects but also their long-term repercussions, which can differ significantly. Sowell highlights the interplay between politics and economics, using global examples to illustrate how similar incentives and constraints can lead to comparable outcomes across diverse cultures. The work addresses themes related to economic policy, social problems, and economic development, making it a relevant resource for those interested in understanding the broader implications of economic decisions.
Official synopsis 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.
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