Applied Economics: Thinking Beyond Stage OneThe application of economics to major contemporary real world problems--housing, medical care, discrimination, the economic development of nations--is the theme of this new book that tackles these and other issues head on in plain language, as distinguished from the usual jargon of economists. It examines economic policies not simply in terms of their immediate effects but also in terms of their later repercussions, which are often very different and longer lasting. The interplay of politics with economics is another theme of Applied Economics, whose examples are drawn from experiences around the world, showing how similar incentives and constraints tend to produce similar outcomes among very disparate peoples and cultures. |
Contents
Politics versus Economics | 1 |
Free and Unfree Labor | 31 |
The Economics of Medical Care | 69 |
The Economics of Housing | 97 |
Risky Business | 129 |
The Economics of Discrimination | 161 |
The Economic Development of Nations | 193 |
Sources | 221 |
Index | 235 |
Other editions - View all
Common terms and phrases
Africa American amount apartheid automobile Britain building businesses charge China cities communities consequences costs of discrimination countries created crime decision-making doctors economic development Economist employers Europe European example fact factors free market ghettoes given groups gulags higher hiring homes housing prices immigrants incentives and constraints income incremental India individual industry institutions insurance companies involuntary labor issue Jewish kibbutz less living lower medical savings accounts ment millions nations neighborhoods nomic paid particular percent pharmaceutical drugs places policies political population price controls problems produced property rights published racial rates re-insurance reduce rent control result risks rivers role safety San Francisco San Francisco peninsula simply slavery slaves social societies South Soviet Union supply tended things think beyond stage Third World Thomas Sowell tion titled twentieth century Unfree Labor United various W. E. B. DuBois Wall Street Journal Western Hemisphere workers