To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than they would have without profits. It never occurs to such people that these products might cost several million dollars more without the incentives to be efficient created by the prospect of profits.


Ever Wonder Why?: and Other Controversial Essays (ed. Hoover Press, 2013) - ISBN: 9780817947538

Thomas Sowell Quotes

To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than...

To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than...

To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than...

To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than...