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Summary

This book is geared to the average citizen with little or no economics background who would like the tools to think critically about economic issues. Many of today's economic issues are obscured by their inherent complexity and the often confusing and conflicting views coming from political talking heads. Sowell, a leading conservative economist and senior fellow at the Hoover Institution, seeks to alleviate this confusion. He begins by elucidating the differences between politicians, who are often compelled by political considerations to act for the short term, and economists, who are more concerned with long-term ramifications. Sowell then focuses on the application of economics to major contemporary real-world problems - housing, medical care, discrimination, and the economic development of nations.

©2005 Thomas Sowell (P)2005 Blackstone Audio, Inc.

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    3 out of 5 stars

Same old Sowell

Thomas Sowell is brilliant, and this book is true to his usual style and quality. However, most of the information here is a repeat of his other, larger books.

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  • Anonymous User
  • 10-01-21

Very informative

Will be listening to this again and again. Looking forward to hearing more on this subject

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  • Thomas
  • 19-12-20

great economic analysis

great read and insights for people looking for deeper dive into applied economic. highly recommend

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  • Anonymous User
  • 06-10-20

Excellent Economics & Political Analysis

Eye-opening read which is truly fascinating. Learn why politicians say what they do in a nonpartisan format. We need to think beyond stage 1 as voters and citizens! Lots of history covered throughout the world which sites many specific economic examples, impacts, and policies. A must read! The analysis is still relevant today. Should be required reading for every high school economics or social studies classes.