Applied Economics: Thinking Beyond Stage One
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Newly revised and updated, this is the acclaimed companion volume to the hugely successful Basic Economics, by one of America’s most revered economists.
Applied Economics is an accessible guide to how our economic decisions develop. It explains the application of economics to major world problems, including housing, medical care, discrimination, and the economic development of nations, illustrated with examples from around the world. This new, expanded edition has been updated to address economic questions that are particularly relevant to our times, with chapters on the economics of immigration, the economics of organ transplants, the “creative” financing of home buying that led to the mortgage crisis, 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. The book retains its easy readability, even for people with no prior knowledge of economics.
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Thomas Sowell is a senior fellow at the Hoover Institution, Stanford University. He is the author of dozens of books including Charter Schools and Their Enemies, winner of the 2021 Hayek Book Prize. He is the recipient of numerous other awards, including the National Humanities Medal, presented by the President of the United States in 2003.
Bill Wallace has recorded hundreds of books for the National Library Service’s Talking Books Program for the blind and physically handicapped under the auspices of the Library of Congress. He won the Alexander Scourby Narrator of the Year Award for Nonfiction in 2001 and the Canadian Torgi Talking Book of the Year Award in 1996 and again in 2003. He was nominated for an Audie® Award in 1998.
