Applied Economics

Name: Applied Economics
ISBN: 0465003451

by Thomas Sowell · first published 2003

7mentions

5recommended by

6HN commenters

2010–2022first – last mentioned

83% recommend17% neutral

Why HN recommends it

Applies basic economic reasoning to real policy cases like housing, medical care and policing, showing consequences beyond the first-order effect; a good follow-up to Basic Economics for readers wanting the ideas in use.

Summarised by Claude from recommending comments

Economics & Finance

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 editio

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What Hacker News says

smckk · Aug 15, 2022 · Recommends

Applied Economics: Thinking Beyond Stage One by economist Thomas Sowell[0] explores this in good detail, applying it to political and economic policies, in his book. Housing policies, medicare and today's problem of defund…
on “Second-Order Thinking” ↗
Shmulkey · Jun 27, 2010 · Recommends

Economics in One Lesson by Hazlitt: http://jim.com/econ/, http://www.fee.org/pdf/books/Economics_in_one_lesson.pdf Basic Economics by Thomas Sowell Applied Economics by Thomas Sowell Free to Choose by Milton Friedman (video series, too) Use of Knowledge in Society by Hayek (short, non-technical paper which is full of brilliant insights): http://www.econlib.org/library/Essays/hykKnw1.html…
on “Ask HN: Best book(s) to learn about the basics of economics?” ↗
brickmort · Aug 3, 2020 · Recommends

I've read six Thomas Sowell books in the past few years. His book Basic Economics is a classic, but my favorite of his is Applied Economics: Thinking Beyond Stage One. It covers the things that the former does but, as the title suggests, applies it to a real-life scenario. He then walks through the scenario as it plays out to demonstrate…
on “Thomas Sowell interview” ↗
thr0waway1239 · Sep 23, 2016 · Recommends

Thomas Sowell books which stay within the boundaries of economics are all excellent and very readable. I also recommend Applied Economics - which is more practical than Basic Economics. A funny and probably relevant piece from Joel Spolsky: "Super quick review if you haven't taken any economics courses: econ is one of those fields that…
on “Ask HN: What are the must-read books about economics/finance?” ↗
thr0waway1239 · Sep 10, 2016 · Recommends

…hard core economist (i.e. got his Ph.D. in Economics) is one of the best writers of economics books, many having a libertarian slant. I recommend the following books especially - 1. Basic Economics 2. Applied Economics and 3. Knowledge and decisions. He also produced a crazy detailed trilogy about culture and has written an autobiography which might read a bit like the written version of Mad Men. He often remarks that…
on “Six big economic ideas [pdf]” ↗
jiscariot · Aug 28, 2022 · Recommends

Agreed. And Applied Economics after that. These books change the way you think.
on “What to read to understand how economists think” ↗
jkhdigital · Feb 23, 2021 · Mentions

https://www.amazon.com/Basic-Economics-Thomas-Sowell/dp/0465... https://www.amazon.com/Applied-Economics-Thinking-Revised-En...
on “Four Basic Truths of Macroeconomics” ↗