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Maxioms by Thomas Sowell

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The growing complexity of science, technology, and organization does not imply either a growing knowledge or a growing need for read more

The growing complexity of science, technology, and organization does not imply either a growing knowledge or a growing need for knowledge in the general population. On the contrary, the increasingly complex processes tend to lead to increasingly simple and easily understood products. The genius of mass production is precisely in its making more products more accessible, both economically and intellectually to more people.

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Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements read more

Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.

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The celebration of unbounded individualism means, beyond some point, the acceptance of force- either private (crime, riot, vigilanteism) or public read more

The celebration of unbounded individualism means, beyond some point, the acceptance of force- either private (crime, riot, vigilanteism) or public (authoritarianism).

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The most basic inherent constraint is that neither time nor wisdom are free goods available in unlimited quantity. This means read more

The most basic inherent constraint is that neither time nor wisdom are free goods available in unlimited quantity. This means that in social processes, as in economic processes, it is not only impossible to attain perfection but irrational to seek perfection- or even to seek the "best possible" result in each separate instance.

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Much of what sophisticates loftily refer to as the "complexity" of the real world is in fact the inconsistency in read more

Much of what sophisticates loftily refer to as the "complexity" of the real world is in fact the inconsistency in their own minds.

by Thomas Sowell Found in: Society Quotes,
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