About this title: Now revised and updated - this is the acclaimed companion volume to the hugely successful "Basic Economics", by one of America's most revered economists. The application of economics to major contemporary real world problems - housing, medical care, discrimination, the economic development of nations - is the theme of this important book which 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 ...
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Description: Like New. May be shiny, in some instances dust jackets are not included, no missing pages, no damage to binding, may have a remainder mark. read more
Edition: Second Edition
Binding: Hardcover
Publisher: Basic Books; Perseus, New York
Date Published: 2009
ISBN-13:9780465003457ISBN:0465003451
Description: Fine in Fine jacket. Collectible. 8vo-over 7¾"-9¾" tall. viii, 336 pp., bib. notes, index; 25 cm. First published, 2004. Revised and Enlarged. AS NEW. Fine DJ. 1st thus. "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 ... read more
"First Bastiat writes about what is seen and not seen, then Hazlitt expands this idea in Economics in One Lesson; now Thomas Sowell writes a contemporay explanation of these basic ideas in Applied Economics. All good economists think beyond stage one. Unfortantely "good" politicians don't, and they know most voters don't (see Bryan Caplan's, Myth of the Rational Voter)."
"This book is a must read for understanding what is happening in the political arena with health care and a variety of issues that are threatening the economics of the free market. Stage one is where politicians and the people want solutions but there are three stages afterwards where the consequences follow. These consequences are what will destroy the effectiveness of the free market and the constraints put upon it by supply and demand and other economic principles. I loved his assessment of the Russian economy and experience as this is one of my areas of background knowledge. Many Americans have no concept of what they have and what they can lose if the government continues to broaden it's influence and regulations into the free market sector. If they would't haven't bailed out anyone, things would have settled in a true economic sense. Now, the response will only be delayed. This book can help Americans understand that there is a bigger picture that needs to be looked at before we ask or expect the government to solve the problem in stage one. I was truly educated by this book and my reading of it. The author wrote this in 2004 and never mentioned bailouts but I felt like the book had been written this year with it's timeliness."
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