Applied Economics

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What to expect

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.

Critics Review

  • “Applied Economics…is simply the must-have field guide to our economic landscape.”

    Jonah Goldberg, Los Angeles Times columnist

  • “Applied Economics is full of…good sense—and serves as an excellent defense against the counterproductive promises of political candidates.”

    Wall Street Journal

  • “The great achievement of Sowell’s book is its simplicity. His writing is easy and lucid, an admirable trait considering the topic at hand….As a basic primer for the economically perplexed, this volume serves very well.”

    Publishers Weekly

  • “A spirited and controversial examination of how economics choices in public policy often result in unforeseen consequences…His reasoning is clear and thoughtful.”

    Library Journal

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