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Basic Economics is a non-fiction book by American economist Thomas Sowell published by Basic Books in 2000. The original subtitle was A Citizen's Guide to the Economy , but from the third edition in 2007 on it was subtitled A Common Sense Guide to the Economy .
Sowell, a Senior Fellow at the Hoover Institution, explores political and economic causes of the American housing crisis.For example, he links the Community Reinvestment Act to decreased lending standards that resulted in an increase of subprime mortgages, as the law forced banks to set up quotas of lending to minorities.
Thomas Sowell (/ s oʊ l / SOHL; born June 30, 1930) is an American economist, economic historian, social philosopher and political commentator. He is a senior fellow at the Hoover Institution . [ 1 ] [ 2 ] With widely published commentary and books—and as a guest on TV and radio—he is a well-known voice in the American conservative ...
Created Date: 8/30/2012 4:52:52 PM
Applied Economics: Thinking Beyond Stage One (ISBN 0465081436) is a 2003 nonfiction work by economist Thomas Sowell. The second edition ( ISBN 978-0465003457 ) came out in 2008. Sowell discusses how basic economics is generally misapplied because politicians think only in Stage One. [ 1 ]
Knowledge and Decisions is a non-fiction book by American economist Thomas Sowell. [1] The book was initially published in 1980 by Basic Books and reissued in 1996. [2] Sowell analyzes social and economic knowledge and how it is transmitted through society, and how that transmission affects decision making.
In a review for National Review, Jay Nordlinger writes: "What a surprise, Thomas Sowell has written another brilliant book." He adds: "Sowell takes on no issue that is easy, always going for the hard stuff. He is a scholar and writer who chews nails. You may not agree with him — but you must reckon with him." [2]
Sowell's book has been published both with and without the subtitle "Ideological Origins of Political Struggles". Steven Pinker's book The Blank Slate calls Sowell's explanation the best theory given to date. [2] In his book, Pinker refers to the "unconstrained vision" as the "utopian vision" and the "constrained vision" as the "tragic vision". [3]