Thomas Sowell Quotes
Knowledge can be enormously costly, and is often scattered in widely uneven fragments, too small to be individually usable in decision making. The communication and coordination of these scattered fragments of knowledge is one of the basic problems- perhaps the basic problem- of any society.
Citations
Sowell, Thomas. Knowledge and Decisions. Basic Books, 1980, p. 3.
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Thomas Sowell is an American economist, social theorist, and senior fellow at Stanford University's Hoover Institution.