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In Applied Economics: Thinking Beyond Stage One, Thomas Sowell delves into the complexities of economic policies and their real-world implications. He emphasizes the importance of considering both immediate and long-term effects of economic decisions, challenging the common tendency to focus solely on short-term outcomes. Through accessible language and practical examples, Sowell explores topics such as housing, medical care, discrimination, and economic development, urging readers to think critically about the broader consequences of economic policies.
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Publisher: Basic Books
Publishing Year: 2004
ISBN: 978-0465081431
Pages: 246