Thomas Sowell Quotes

But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.

In well-functioning markets, price equals opportunity cost. Meaning that the proper way to price out and charge us for things is to charge us what those resources could otherwise have produced. This is a lesson the Soviet Union never learned at all, and the rest is history.

If you let markets - in general, my belief is that if you let markets give you information, they'll give you the information rather than artificially prop up everything.

America is a knowledge-based society, where information counts as much as material resources. Therefore those with the power to define what qualifies as knowledge - to determine what are the accepted facts - wield the greatest social and political power.

I have discovered in 20 years of moving around a ballpark, that the knowledge of the game is usually in inverse proportion to the price of the seats.

It's really not about the money. It's just about educating yourself.

Intellectual capital will always trump financial capital.

I liked money more than going to school.

Property may be destroyed and money may lose its purchasing power; but, character, health, knowledge and good judgement will always be in demand under all conditions.

Knowledge is power. Information is power. The secreting or hoarding of knowledge or information may be an act of tyranny camouflaged as humility.

A philanthropic venture requires all the energy, knowledge and money from its founder that a company requires from the leadership team.

Knowledge is like money: the more he gets, the more he craves.

Books are the money of Literature, but only the counters of Science.

Learning to read and write changes lives; it means jobs, money, health, and dreams fulfilled.

Knowledge is like money: to be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.

So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.

Allah says in the Qur'an not to despise one another. So the criterion in Islam is not color or social status. It's who is most righteous. If I go to a mosque - and I'm a basketball player with money and prestige - if I go to a mosque and see an imam, I feel inferior. He's better than me. It's about knowledge.

'Reinventing the Bazaar,' by John McMillan, is a great and fun introduction to the wild variety and importance of markets throughout history and around the world. I finally understood how a Middle Eastern souk actually works economically and how to compare that to modern-day telecom-spectrum auctions. I love that book.

America focuses on being very intelligent because that's how you make more money.

The substitute for knowledge is money.

Class is more than money. Class is also about knowledge.

Money is not a fund of knowledge.

There's book smart, there is street smart, there's relationship smart, there's too many different kinds of smarts to know all of them. Everybody doesn't know every kind of smart. There's money smart, there's movie smart, there's computer smart. There's just too many different kinds of smarts for people to know all the smarts.

I believe in libraries because most students don't have any money.

I don't think in terms of that bizarre tautology 'value for money' in my literary and journalistic work - and nor will I in my academic role. However, if I don't believe I'm helping my students towards a fuller and more empowering relationship with the world, then I'll resign.