Applied Economics by Thomas Sowell
Thinking Beyond Stage One

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Synopsis

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.
 

About Thomas Sowell

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Bestselling author Thomas Sowell has been on the faculties of leading universities across the country, an economist in the corporate world and in government, and a scholar in residence at three think tanks. His books have been translated into nine languages, and his essays have appeared in "The New York Times, The Wall Street Journal, Time, Newsweek, Forbes, " and "Fortune" and are syndicated to 150 newspapers. For the past two decades, he has been a Senior Fellow at the Hoover Institution, Stanford University. His Internet Web site is www.tsowell.com.
 
Published November 13, 2003 by Basic Books. 256 pages
Genres: Business & Economics. Non-fiction

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He highlights the major differences between politicians (who act for the short term, i.e., reelection) and economists (who look at the long-range ramifications of policy), and urges voters to keep these differences in mind.

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