Politics Quote by Thomas Sowell
““What the British had earlier than many other peoples was a framework of law and government that facilitated economic transactions.””
About This Quote
Source Book: Basic Economics, 2000
A stable legal and governmental framework enables efficient economic activity and growth.
In simple terms: Law and government help economies work.
Support strong institutions.
Themes
Mood
Type
When to use this quote
- policy making
- business planning
- international trade
Key Concepts
Questions to Reflect On
- What role does culture play?
- Can law hinder innovation?
Assumes all frameworks are equally effective.