Applied Economics

Applied Economics

Thinking Beyond Stage One

Book - 2003
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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.
Publisher: New York : Basic Books, c2003.
ISBN: 9780465081431
0465081436
Characteristics: 246 p.

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JackS29
Jun 26, 2018

Its ok. If you have a formal background in economics then the book doesn't add much to your understanding. A layman would enjoy it.

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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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