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About this product
Product Identifiers
PublisherBasic Books
ISBN-100465081436
ISBN-139780465081431
eBay Product ID (ePID)2364487
Product Key Features
Book TitleApplied Economics : Thinking Beyond Stage One
Number of Pages256 Pages
LanguageEnglish
Publication Year2003
TopicSociology / General, Development / Economic Development, Economics / General, Public Policy / Economic Policy
GenrePolitical Science, Social Science, Business & Economics
AuthorThomas Sowell
FormatHardcover
Dimensions
Item Height0.8 in
Item Weight17 Oz
Item Length9.3 in
Item Width6.6 in
Additional Product Features
Intended AudienceTrade
LCCN2003-010562
Dewey Edition21
Dewey Decimal330
SynopsisThe 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., The ideal companion volume to the acclaimed Basic Economics --a guide to how our economic decisions turn out in practical terms
The mark of a true intellect lies in his ability to explain complex subjects to the ordinary reader who does not have the subject matter expertise of the author. Sowell does this in all his writings and Applied Economics is no different. From the failures of socialism and communism, to the history of slavery throughout the world over the course of human existence. Sowell explains, from an economic perspective, why such ideologies and practices ultimately fail over time when productivity, value, and output must be accounted for in a competitive marketplace. I highly recommend Applied Economics. I suggest, as Sowell does, that readers start with his book Basic Economics. However, if you must start with this book you won't be lost for long due to Sowell's innate ability to the bring the reader along with the principles he discusses.