Applied Economics: Thinking Beyond Stage One

(Hardback, 2nd edition)

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Description

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.

Reviews

"If there is a single recent book that can advance economic literacy in this country, it is Thomas Sowell's latest book, Basic Economics.... Sowell has managed to make economics humane again, relevant and interesting to young people and ordinary citizens.... Buy a copy and read it immediately--no: buy two, and give one to a school teacher, a journalist, or a politician near you!"
"Thomas Sowell is one of the fine scholars of our time."

Author Bio

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.