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Title: Applied Economics: Thinking Beyond Stage One by Thomas Sowell ISBN: 0-465-08143-6 Publisher: Basic Books Pub. Date: 11 November, 2003 Format: Hardcover Volumes: 1 List Price(USD): $30.00 |
Average Customer Rating: 4.25 (4 reviews)
Rating: 5
Summary: Great foundation for those who lack basic economic knowledg
Comment: Excellent book. The United States as a whole would be far better off if everyone read this book. It would be a lot tougher for demagogues to sway public opinion regarding economic matters.
One reader's criticism was that there were no facts. Those people who do not believe in the free market will not want to accept certain statements from Sowell. If one wants to argue the merits of a free market versus government-controlled markets, this isn't the book. (Yes, unbelievably there are people who still think that socialism; communism and central planning are superior to free markets)
"This book will not satisfy hard-core economic junkies, and Sowell does not pretend it will. His target audience is the average citizen who has little or no economics background, but would like the tools to think critically about economic issues. "
I would also recommend the classic "Economics in one lesson" by Henry Hazlitt and Sowell's "Basic Economics". "Capitalism and Freedom" by Milton Friedman is another great book.
If one wants to read one of the best (and longest) economic books ever written, then I recommend "Human Action" by Ludwig von Mises (downloadable at www.mises.org)
Rating: 5
Summary: Economics: Well Explained and Applied
Comment: Thomas Sowell's new book (2004 imprimatur) came to my attention as he was interviewed on radio...I pulled into the nearest (independent) bookstore in the metropolis of Austin, Texas, finding and buying the lone copy back in the dreary Economics section.
I will certainly be reading more of Sowell's writings. Although a sequel to his book Basic Economics, this book stands well alone. In it, he tackles the current problems in this country involving the interaction of the political climate with basic economic principles. These include health care, housing, discrimination, risk, and the problems afflicting so-called third-world nations in economic development.
He takes an interesting historical perspective. For example, his analysis of slavery through the ages, and during the period of the American Colonies and southern United States is particularly cogent, and still of contemporary interest. How could slavery have survived so long? Was there such a variety of slave "status" and freedoms to act as has recently been portrayed, even in such films as "Gods & Generals". During this film, a complicated relationship between General Thomas J. Jackson and his personal cook is portrayed. They have discussions during which it is clear that the slave's status as a well-known cook, and his desire to defend HIS home from invasion as much as Jackson's is remarkable. Within Sowell's analysis of the antebellum South, it is not difficult to understand. In fact, he describes a situation in which slaves were put in less "risky" labor positions than Irish immigrants, a situation derived from their economic value in a cotton baling and transport operation.
I probably have not seen an economic "page turner" since reading George Gilder's "Wealth and Poverty" which was so important to understanding the Reagan era (it was, evidently, the "Bible" of many men responsible for early decisions during the Reagan administration and essential to understanding so-called supply-side economics).
I recommend this book highly. Sowell's insights are well-explained in "plain English." A short read, thoroughly enjoyable, that will stimilate the reader to think more deeply about the current issues that should lead to a more informed discussion outside the academic elite about the problems plaguing our economy.
Rating: 2
Summary: Interesting reading but the NOT Economic FACTS
Comment: I was hoping to find more substance in the book but I did not. There are NOT FACTS to back his claims nor data to prove his theories.
The book presents basic Economics but for advanced readers of Economics, it will not work.
It lacks the foundations of a solid book... FACTS.
But two stars is plenty.
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Title: Basic Economics: A Citizen's Guide to the Economy by Thomas Sowell ISBN: 046508138X Publisher: Basic Books Pub. Date: 26 December, 2000 List Price(USD): $32.50 |
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Title: FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression by Jim Powell ISBN: 0761501657 Publisher: Crown Forum Pub. Date: 23 September, 2003 List Price(USD): $27.50 |
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Title: Human Accomplishment: The Pursuit of Excellence in the Arts and Sciences, 800 B.C. to 1950 by Charles Murray ISBN: 006019247X Publisher: HarperCollins Pub. Date: 21 October, 2003 List Price(USD): $29.95 |
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Title: A Conflict of Visions: Ideological Origins of Political Struggles by Thomas Sowell ISBN: 0465081428 Publisher: Basic Books Pub. Date: 19 February, 2002 List Price(USD): $18.95 |
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Title: The Vision of the Anointed: Self-Congratulation As a Basis for Social Policy by Thomas Sowell ISBN: 046508995X Publisher: Basic Books Pub. Date: August, 1996 List Price(USD): $17.50 |
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