--- title: "Meaning & Key Takeaway of: We must first note that economic factors…" description: "\"We must first note that economic factors are taken into account in a world in which ignorance, prejudice, and mental confusion, encouraged rather than ..." image: "https://sms4smile.com/quotes/i/290/ronald-coase-17623_accounts_we-must-first-note-that-economic-factors_1385333.png" --- # We must first note that economic factors are taken into… ![“We must first note that economic factors are taken into account in a world in which ignorance, prejudice, and mental confusion, encouraged rather than dispelled by the political organization, exert a strong influence on policy making.” quote by Ronald Coase](https://sms4smile.com/quotes/i/290/ronald-coase-17623_accounts_we-must-first-note-that-economic-factors_1385333.png) [Download](https://sms4smile.com/quotes/i/290/ronald-coase-17623_accounts_we-must-first-note-that-economic-factors_1385333.png) [Open image](https://sms4smile.com/quotes/i/290/ronald-coase-17623_accounts_we-must-first-note-that-economic-factors_1385333.png) > “We must first note that economic factors are taken into account in a world in which ignorance, prejudice, and mental confusion, encouraged rather than dispelled by the political organization, exert a strong influence on policy making.” [Ronald Coase](https://sms4smile.com/quotes/author/ronald-coase/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic and psychological factors, amplified by political structures, heavily influence policy, often outweighing rational analysis. **In simple terms:** Economics, bias, and politics shape policy more than pure reason. Key Takeaway Address hidden influences when crafting policy. Themes economics politics psychology policy making ignorance Mood analytical inquisitive Type theoretical strategic When to use this quote - legislative drafting - public campaigns - educational reform - political lobbying Key Concepts institutional bias public choice theory information asymmetry Questions to Reflect On - How can policymakers detect hidden biases? - What mechanisms reduce political distortion? A Different Perspective Ignoring these forces can lead to ineffective policies. ★ ★ ★ ★ ★ No ratings yet [Accounts](https://sms4smile.com/quotes/about/accounts/) [Confusion](https://sms4smile.com/quotes/about/confusion/) [Economic](https://sms4smile.com/quotes/about/economic/) [Economic Factors](https://sms4smile.com/quotes/about/economic-factors-4811357/) [Economics](https://sms4smile.com/quotes/about/economics/) [Factors](https://sms4smile.com/quotes/about/factors/) [Firsts](https://sms4smile.com/quotes/about/firsts/) [Ignorance](https://sms4smile.com/quotes/about/ignorance/) [Ignorance Prejudice](https://sms4smile.com/quotes/about/ignorance-prejudice-1589803/) [Influence](https://sms4smile.com/quotes/about/influence/) [Influence Policy](https://sms4smile.com/quotes/about/influence-policy-1951195/) [Notes](https://sms4smile.com/quotes/about/notes/) [Organization](https://sms4smile.com/quotes/about/organization/) [Policy](https://sms4smile.com/quotes/about/policy/) [Policy making](https://sms4smile.com/quotes/about/policy-making/) [Political](https://sms4smile.com/quotes/about/political/) [Prejudice](https://sms4smile.com/quotes/about/prejudice/) [Strong](https://sms4smile.com/quotes/about/strong/) [Strong Influence](https://sms4smile.com/quotes/about/strong-influence-1169407/) [Taken](https://sms4smile.com/quotes/about/taken/) [World](https://sms4smile.com/quotes/about/world/) ## 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