Decision Quote by Oliver Wendell Holmes, Jr
“In my opinion, economists and sociologists are the people to whom we ought to turn more than we do for instruction in the grounds and foundations of all rational decisions.”
About This Quote
Source Essay: The Path of the Law, 1897
Economists and sociologists provide essential insights into the rational foundations of decisions, so we should consult them more often.
In simple terms: Experts guide rational decisions.
Key Takeaway
Seek expert insight for rational choices.
Themes
rationality
expertise
decision making
interdisciplinary
policy
Mood
critical
analytical
Type
academic
practical
When to use this quote
- policy development
- business strategy
- personal finance
- academic research
Key Concepts
economics
sociology
philosophy
behavioral science
Questions to Reflect On
- When should expert advice be balanced with personal judgment?
- How do you evaluate the relevance of economic vs sociological input?
A Different Perspective
The quote may overstate the authority of experts in all contexts.
