Applied Economics

Applied Economics

Thinking Beyond Stage One

Book - 2009
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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.
Published: New York : Basic Books, 2009.
Edition: Rev. and enl. ed.
ISBN: 9780465003457
0465003451
Branch Call Number: 330 SOW REV. ED.
Characteristics: viii, 336 p. ;,25 cm.

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Mee2 Mar 03, 2013

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chgarland
Aug 24, 2010

An outstanding and easily understood book on current economic issues. Dr. Sowell sets out the main concept of thinking past the immediate "stage one" effect of any chosen policy and demonstrates that the ultimate consequences of almost every government policy is unintentional and usually awful. The politicians don't care because they are usually gone by the time the awfulness comes about, or the time lag is enough for them to avoid blame. Only by thinking through the political solutions proposed by those looking for quick fixes can the citizenry avoid the endless "accidental" problems created by the politicians. This book is the quickest way for citizens to learn how to do this.

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