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Extended Audio Sample Applied Economics: Thinking Beyond Stage One Audiobook, by Thomas Sowell Click for printable size audiobook cover
4 out of 54 out of 54 out of 54 out of 54 out of 5 4.00 (595 ratings) (rate this audio book) Author: Thomas Sowell Narrator: Bill Wallace Publisher: Blackstone Audio Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date: April 2009 ISBN: 9781455194773
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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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Quotes & Awards

  • Applied Economics…is simply the must-have field guide to our economic landscape.”

    Jonah Goldberg, Los Angeles Times columnist

  • Applied Economics is full of…good sense—and serves as an excellent defense against the counterproductive promises of political candidates.”

    Wall Street Journal

  • “The great achievement of Sowell’s book is its simplicity. 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.”

    Publishers Weekly

  • “A spirited and controversial examination of how economics choices in public policy often result in unforeseen consequences…His reasoning is clear and thoughtful.”

    Library Journal

Listener Opinions

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Hispanicpundit | 2/7/2014

    " This book goes further than Sowell's previous book Basic Economics, in that it uses the concepts of economics to tackle everyday things. Whether it is the incentives behind politicians or race issues, every issue looked at is analyzed from the economic perspective and shown, time and time again, that incentives really are what matter. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Wayne Farris | 2/5/2014

    " A thought provoking book that gets just a bit tedious at times. Still a good book that I am glad I read. After the introduction and first chapter or two you could just choose the topics in which you have the most interest. I especially enjoyed the gun control and housing sections. The book explores the unintended or "stage two" or "stage three" consequences of political responses to problems and how those consequences aren't realized for years. By then the consequences are frequently blamed on something else. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Michael Weaver | 1/16/2014

    " 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. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Jeff | 1/14/2014

    " Got it free from Thomas Sowell himself! Will be EXTREMELY exciting to read! First chapter is down, and loving every minute of it! "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Matthew | 1/14/2014

    " This is the third Economics book by Thomas Sowell that I have read this month. It is another expansion of some of the ideas started in his excellent "Basic Economics", and further outlined in "Economics: Facts & Fallacies". Although it's a good book, the expansion of ideas is pretty straightforward, so I'd still rank the Basic Economics text as the best of the bunch. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 sleeps9hours | 12/26/2013

    " Too slanted toward laissez-faire perspective. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Carly | 11/27/2013

    " i try to read as much as possible by this author, again i love learning about economics "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Angelino | 10/7/2013

    " Do any of us think beyond Stage One on a regular basis? Excellent look at the long term consequences of ideas that seem good but don't really turn out that way. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Griff | 9/18/2013

    " Applied Economics "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Melanie | 6/17/2013

    " Not quite dry as a bone. Written for a popular audience. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Ray Still | 8/16/2012

    " Another excellent book from Thomas Sowell. Note, however that this book lacks the breadth of "Basic Economics", its purpose being a more in-depth look at specific issues. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Mike | 4/17/2012

    " Good book, expands on Basic Economics without being putting the reader in over their head. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Matt | 1/8/2012

    " This is a good book with good information. Although I doubt Sowell means to patronize, his tone at times seems patronizing. He also talks about "thinking beyond stage one" which becomes annoying after reading so many times. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Lisa | 9/18/2011

    " This is a very readable book about economics with a lot of real-life examples. The chapters about medical care and housing were especially relevant. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Nicolae81 | 8/16/2011

    " 4.5 stars on Amazon. Looks interesting. I give it four. This book carries an in depth look at micro and macro economics as applied to the world outside of theory. I agree with one of the reviews on Amazon that states every voted needs to read this book. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Jose | 7/3/2011

    " conservative/libertarian views of policy issues. good to know the other side. book was not as difficult to understand. helpful. will use in sw 525 "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Theresa Leone Davidson | 5/5/2011

    " Interesting book, particularly the chapters about the economic conditions that led to the so-called subprime mortgage debacle, and how economic policies are affected by immigration. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Steve | 4/14/2011

    " Has its flaws, but very few books like this one describe how certain policies at all levels of government often fail to look past the short term or fail to account for unintended consequences. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Phillip Elliott | 4/13/2011

    " Sowell is an outstanding economist. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 James | 3/11/2011

    " This should be mandatory reading for high school students. It should be read before given the right to vote. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Nedland | 12/11/2010

    " Highly recommend all Sowell books. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Mike | 7/12/2010

    " Good book, expands on Basic Economics without being putting the reader in over their head. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Theresa Leone | 12/12/2009

    " Interesting book, particularly the chapters about the economic conditions that led to the so-called subprime mortgage debacle, and how economic policies are affected by immigration. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Dwain | 12/5/2009

    " This book forcefully fulfills its goal of showing that most of the fallacious economic arguments put forth by politicians, the media, and issue groups can be debunked simply by thinking beyond the immediate effects upon a single group. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Jose | 8/10/2009

    " conservative/libertarian views of policy issues. good to know the other side. book was not as difficult to understand. helpful. will use in sw 525 "

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About the Author
Author Thomas Sowell

Thomas Sowell is currently a scholar-in-residence at the Hoover Institution, Stanford University. He has been published in both academic journals and such popular media as the Wall Street Journal, Forbes, and Fortune and writes a syndicated column for newspapers across the country.

About the Narrator

Bill Wallace has recorded hundreds of books for the National Library Service’s Talking Books Program for the blind and physically handicapped under the auspices of the Library of Congress. He won the Alexander Scourby Narrator of the Year Award for Nonfiction in 2001 and the Canadian Torgi Talking Book of the Year Award in 1996 and again in 2003. He was nominated for an Audie® Award in 1998.