People who know nothing about advertising, nothing about pharmaceuticals, and nothing about economics have been loudly proclaiming that the drug companies spend… — Thomas Sowell Copy Share Image
At least half of the popular fallacies about economics come from assuming that economic activity is a zero-sum game, in which what… — Thomas Sowell Copy Share Image
Failure is a big part of a free market's success. People fail to live up to their potential, or to carry out… — Thomas Sowell Copy Share Image
People who are very aware that they have more knowledge than the average person are often very unaware that they do not… — Thomas Sowell Copy Share Image
If politicians were serious about day care for children, instead of just sloganizing about it, nothing they could do would improve the… — Thomas Sowell Copy Share Image
“nineteenth century economic development was "the development of continents instead of coast lines."98” — Thomas Sowell Copy Share Image
Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the… — Thomas Sowell Copy Share Image
What is politically defined as economic planning is the forcible superseding of other people's plans by Government officials. — Thomas Sowell Copy Share Image
“massive role of government in the economy has made politics the pre-eminent route to prosperity, as well as power-whether for individuals, tribes,… — Thomas Sowell Copy Share Image
The dominant orthodoxy in development economics was that Third World countries were trapped in a vicious cycle of poverty that could be… — Thomas Sowell Copy Share Image
People who have never run even a modest little business assert with great certainty and indignation that heads of multinational corporations are… — Thomas Sowell Copy Share Image
Asking liberals where wages and prices come from is like asking six-year-olds where babies come from. — Thomas Sowell Copy Share Image
People who believe in evolution in biology often believe in creationism in government. In other words, they believe that the universe and… — Thomas Sowell Copy Share Image
Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them. — Thomas Sowell Copy Share Image
Capitalism is not an 'ism.' It is closer to being the opposite of an 'ism,' because it is simply the freedom of… — Thomas Sowell Copy Share Image
Why the transfer of decisions from those with personal experience and a stake in the outcome to those with neither can be… — Thomas Sowell Copy Share Image
The inefficiency of political control of an economy has been demonstrated more often, in more places, and under more varied conditions, than… — Thomas Sowell Copy Share Image
Leaving prices out of the picture is probably the source of more fallacies in economics than any other single misconception. — Thomas Sowell Copy Share Image
What is called 'capitalism' might more accurately be called consumerism. It is the consumers who call the tune, and those capitalists who… — Thomas Sowell Copy Share Image
One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it… — Thomas Sowell Copy Share Image
“When I was an undergraduate studying economics under Professor Arthur Smithies of Harvard, he asked me in class one day what policy… — Thomas Sowell Copy Share Image
“Economics is more than just a way to see patterns or to unravel puzzling anomalies. Its fundamental concern is with the material… — Thomas Sowell Copy Share Image
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there… — Thomas Sowell Copy Share Image
The economic disasters of socialism and communism come from assuming a blanket superiority of those who want to run a whole economy. — Thomas Sowell Copy Share Image
The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and… — Thomas Sowell Copy Share Image
The vision of the left, full of envy and resentment, takes its worst toll on those at the bottom - whether black or white… — Thomas Sowell Copy Share Image
There is no bigger waste of time than doing 90% of what is necessary. — Thomas Sowell Copy Share Image
If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten… — Thomas Sowell Copy Share Image
“In 1962, Democratic President John F. Kennedy, like both Democratic and Republican Presidents and Secretaries of the Treasury in earlier years, pointed out that “it… — Thomas Sowell Copy Share Image
Ideological bigotry has become the norm on even our most prestigious campuses, where students can go for years without reading or hearing anything that… — Thomas Sowell Copy Share Image
Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos. — Thomas Sowell Copy Share Image
“One third of all Scots in the mid-nineteenth century moved from one county to another” — Thomas Sowell Copy Share Image
The difference is that we have the hardest and most painful evidence that there was a Holocaust. But, for the global warming scenario that… — Thomas Sowell Copy Share Image
“Just as price fluctuations allocate scarce resources which have alternative uses, price controls which limit those fluctuations reduce the incentives for individuals to limit… — Thomas Sowell Copy Share Image
The greatest danger to the liberal vision are facts about the consequences of liberalism itself and the laws, policies, and ways of life that… — Thomas Sowell Copy Share Image
Having spent years ruining the housing markets with their interference, leading to a housing meltdown that has taken the whole economy down with it,… — Thomas Sowell Copy Share Image
Do all children have some inherent right to live in America if they have done nothing wrong? If not, then why should the children… — Thomas Sowell Copy Share Image
