At least half of the popular fallacies about economics come from assuming that economic activity is a zero-sum … - Thomas Sowell

Same topic Authors

Quote of the day

And the writers are good in that it's easy to memorize, and good writing has an innate rhythm to it. And I've always felt that it's easier to get in your head than writing that has very kind of mind busting moments.

Thomas Sowell

At least half of the popular fallacies about economics come from assuming that economic activity is a zero-sum game, in which what is gained by someone is lost by someone else. But transactions would not continue unless both sides gained, whether in international trade, employment, or renting an apartment.

Gained, Game, Games, Sides, Zero

Same Author Quotes

Education is not merely neglected in many of our schools today, but is replaced to a great extent by ideological indoctrination.

Education, Indoctrination, School, Today

Liberals seem to assume that, if you don't believe in their particular political solutions, then you don't really care about the people that they claim to want to help.

Assume, Believe, Claim, People, Political

Helping those who have been struck by unforeseeable misfortunes is fundamentally different from making dependency a way of life.

Different, Helping, Unforeseeable, Way

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.

Ignorance, Likely, People, Suspect, Talking

In this era of political correctness, some people seem unaware that being squeamish about words can mean being blind to realities.

Mean, People, Political, Reality, Words