Maxioms by Thomas Sowell
...each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it read more
...each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.
Many of the products which create a modern standard of living are only the physical incorporations of ideas- not only read more
Many of the products which create a modern standard of living are only the physical incorporations of ideas- not only the ideas of an Edison or a Ford but the ideas of innumerable anonymous people who figure out the design of supermarkets, the location of gasoline stations, and the million mundane things on which our material well-being depends. Societies which have more people carrying out physical acts and fewer people supplying ideas do not have higher standards of living. Quite the contrary.
Since man does not create physical matter, those who handle material objects in the production process are not producers in read more
Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.
What is politically defined as economic "planning" is the forcible superseding of other people's plans by government officials.
What is politically defined as economic "planning" is the forcible superseding of other people's plans by government officials.
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.
