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One of the most basic and pervasive social processes is the sorting and labeling of things, activities, and people... Sorting and labeling processes involve a trade-off of costs and benefits. In general, the more finely the sorting is done, the greater the benefits - and the costs... Sorting and labeling, whether of people or of things, is a sorting and labeling of probabilities rather than of certainties.
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Deep thinkers who look everywhere for the mysterious causes of poverty, ignorance, crime and war need look no further than their own mirrors. We are all born into this world poor and ignorant, and with thoroughly selfish and barbaric impulses. Those of us who turn out any other way do so largely through the efforts of others, who civilized us before we got big enough to do too much damage to the world or ourselves.
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The demands of unbounded individualism need to be weighed in the light of inherent social constraints which can only change their form but cannot be eliminated without eliminating civilization.
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The only thing better than "hands-on" experience is hands-off experience - enough experience to understand that some things will turn out better if left alone.
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American prosperity and American free enterprise are both highly unusual in the world, and we should not overlook the possibility that the two are connected.
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Of all ignorance, the ignorance of the educated is the most dangerous. Not only are educated people likely to have more influence, they are the last people to suspect that they don't know what they are talking about when they go outside their narrow fields.
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Quote of the day
We owe something to extravagance, for thrift and adventure seldom go hand in hand.
Lady Randolph Churchill
Thomas Sowell
Born:
June 30, 1930
(age 93)
Bio:
Thomas Sowell is an American economist, social theorist, political philosopher, and author.
Known for:
Black Rednecks and White Liberals (2005)
A Conflict of Visions (1987)
Intellectuals and Society (2010)
Economic Facts and Fallacies (2008)
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