Applied Economics: Thinking Beyond Stage One Summary

The SQUEEZE: The continued existence of political squabbling contributes to the confusion and complexity inherent in understanding the basic tenets of economics. In Applied Economics: Thinking Beyond Stage One, Thomas Sowell aims to alleviate the confusion by defining the differences between politicians and economists and urging voters to keep such differences in mind when making long-term decisions. Sowell suggests that it is important to be aware of immediate goals with respect to a particular policy and keep in mind the unintended, long-range impact. Sowell offers an example: supporters of a nationalized health care system often are oblivious to the results in health care shortages and reduced quality of services. Sowell’s book offers a lucid, fluid view of economic principles to everyday living concerns. It is a must-read for the economically-challenged. 

Notable Endorsement: “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.” --Reed Business Information

Common Q’s Answered by this Book:

  • How is economics applied between politicians?
  • What are the results of making long-term decisions based upon limited information?
  • What economic principles are simple enough for applying to everyday living?


About the Author: Thomas Sowell is an American economist, social theorist, political philosopher, and author. Sowell is currently a scholar in residence at the Hoover Institution housed on the Stanford University campus. Sowell has taught economics for multiple universities which include Howard University, UCLA, Amherst College, and Cornell. Sowell continues to publish in academic journals in The Wall Street Journal, Forbes magazine, and Fortune. Sowell is a winner of the National Humanities Medal. He is an advocate of laissez-faire economics. Sowell completed a bachelor’s degree in economics from Harvard University, originally attending Howard University at night. Sowell completed a master’s degree from Columbia University; and later went on to complete a Ph.D. in economics from the University of Chicago (1968). For more information, visit: and


Book Vitals:

Publisher: Blackstone Audio (February 2006)

Comments (0)

New comments are currently disabled.

// ]]>