Publisher Description
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.
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“This book really explore the core cause of the state of the current economy. From politicians offering band-aide solutions and making decisions solely to get themselves reelected to the failing notion of price controls that the government could institute in socialized health care to attempt to keep medical care costs down. A definite must read particularly along side of Capitalism and Freedom by Milton Friedman.”
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Michael (4 out of 5 stars)