Synopses & Reviews
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.
Synopsis
The ideal companion volume to the acclaimed "Basic Economics" shows how economic decisions turn out in practical terms.
Synopsis
Now revised and updatedthe acclaimed companion volume to the hugely successful Basic Economics, by one of Americas most revered economists.
About the Author
Thomas Sowell is the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution, Stanford University. His writings have appeared in Fortune, Time, the New York Times, and the Wall Street Journal, among others. Among his books published by Basic Books are Economic Facts and Fallacies, Knowledge and Decisions, Ethnic America, Race and Culture, Vision of the Anointed, Migrations and Cultures, Late-Talking Children, The Einstein Syndrome, and Basic Economics. He lives in Stanford, California.