Maxioms by Thomas Sowell
To say that a farm boy knows how to milk a cow is to say that we can send him read more
To say that a farm boy knows how to milk a cow is to say that we can send him out to the barn with an empty pail and expect him to return with milk. To say that a criminologist understands crime is not to say that we can send him out with a grant or a law and expect him to return with a lower crime rate. He is more likely to return with a report on why he has not succeeded yet, and including the inevitable need for more money, a larger staff, more sweeping powers, etc.
Both free speech rights and property rights belong legally to individuals, but their real function is social, to benefit vast read more
Both free speech rights and property rights belong legally to individuals, but their real function is social, to benefit vast numbers of people who do not themselves exercise these rights.
The most basic question is not what is best but who shall decide what is best.
The most basic question is not what is best but who shall decide what is best.
Leaving prices out of the picture is probably the source of more fallacies in economics than any other single misconception.
Leaving prices out of the picture is probably the source of more fallacies in economics than any other single misconception.
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.
