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Look to the long term...that's the main message of Applied Economics. Dr. Sowell is a master of making the complex understandable. This book covers a number of topics such as rent control, land use restrictions, and corporate tax rates. He follows each through to its logical conclusion, pointing out that politicians often cast votes with an eye only on the current election cycle. We need to make wise decisions based on sound facts, not emotion or sound bytes. Dr. Sowell is a very wise man, and a wonderfully effective teacher! Any book he writes is worth reading! 100 percent!!!!
36 of 37 people found this review helpful
An in depth and well articulated work on the goings on of the American economy. Despite the comments of other reviewers, this book does not support the 'right wing' Rebuplican agenda like books by Glen Beck or Ann Coulter might. Rather, Sowell focuses on economic facts and calls members of both political parties for actions taht tend to damage economic prosperity.
Also, unlike the political cheerleader authors, Sowell's works are more educational in nature, and spend lest time bashing anyone than they do explaining actions and consequences. While he certainly notes that politicians (on both sides) tend to act against the best long term interests of economic growth... he shows why they will inevitably do so, regardless of party, by outlining the incentives that govern political decisionmaking in relation to economics.
Well worth the read, regardless of your political orientation. Be warned, however, the economics discussed here is based on looking at the choices real people make rather than on studying the aggregated graphs of entire populations (ala John Keynes). It's an easy listen as well, despite the offputting title. The prose is light and isn't filled with overly academic pretention, and the narrator handles the material well.
32 of 33 people found this review helpful
This good provides a good understanding of economic concepts with tangible examples, however Thomas sowell is biased towards a hayekian view throughout the book. Non-the-less the book was an interesting and insightful read for those who want to think beyond typical economic policies.
0 of 1 people found this review helpful
It's best if you listen to other writings by Thomas Sowel with the same interest. The concepts are interconnected, coherently developed and very practical in the eyes of an undergraduate economist as well as a general reader.