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This accessible nonfiction work applies economic reasoning to real-world policy issues. Sowell introduces the notion of “Stage One Thinking”—focusing only on immediate effects—versus long-term consequences. Through clear examples, he explores topics including housing, healthcare, discrimination, insurance, immigration, and economic development. The expanded second edition updates and adds new material on subprime mortgages, organ transplants, immigration, and infrastructure finance.

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245: $a: Applied Economics: Thinking Beyond Stage One
245: $b:
082: $a:
100: $a: Thomas Sowell
650: $a: Economics
250: $a:
440: $v:
250: $b: Basic Books
250: $c: 2008
020: $a: 978‑0465081439
300: $a: 352