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Knowledge is one of the most scarce of all resources and a pricing system economizes on its use by forcing those with the most knowledge of their own particular situation to make bids for goods and resources based on that knowledge, rather than on their ability to influence other people in planning commissions, legislatures, or royal palaces.

— Thomas Sowell Basic Economics (2010)

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Knowledge

More quotes by Thomas Sowell

Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.

Knowledge and Decisions (1980)

If there is one thing that is bipartisan in Washington, it is brazen hypocrisy.

Ideas are everywhere, but knowledge is rare.

Knowledge and Decisions (1980)

The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy.

Racism has never done this country any good, and it needs to be fought against, not put under new management for different groups.

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You have to start with the truth. The truth is the only way that we can get anywhere. Because any decision-making that is based upon lies or ignorance can't lead to a good conclusion.

Julian Assange

The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents.

H. P. Lovecraft The Call of Cthulhu (1926)

It is not in the books of the Philosophers, but in the religious symbolism of the Ancients, that we must look for the footprints of Science, and re-discover the Mysteries of Knowledge.

Albert Pike Morals and Dogma of the Ancient and Accepted Scottish Rite of Freemasonry (1871)

Men are born ignorant, not stupid; they are made stupid by education.

Bertrand Russell

Attribution

Quote text and notes from Wikiquote: Thomas Sowell (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.