Thomas Sowell

The more adaptability exists for a given kind of decision, the less risky it is to make plans for the read more

The more adaptability exists for a given kind of decision, the less risky it is to make plans for the future, and therefore the more likely it is that more people will make more plans in such areas.

While rationalism at the individual level is a plea for more personal autonomy from cultural norms, at the social level read more

While rationalism at the individual level is a plea for more personal autonomy from cultural norms, at the social level it is often a claim- or arrogation- of power to stifle the autonomy of others.

Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information read more

Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.

Nobody is equal to anybody. Even the same man is not equal to himself on different days.

Nobody is equal to anybody. Even the same man is not equal to himself on different days.

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it.The read more

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it.The first lesson of politics is to disregard the first lesson of economics.