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Thomas Sowell Quotes: Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.
         

Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.


Thomas Sowell
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Other quotes of Thomas Sowell


It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.



When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.

When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.



Racism is not dead, but it is on life support -- kept alive by politicians, race hustlers and people who get a sense of superiority by denouncing others as 'racists'

Racism is not dead, but it is on life support -- kept alive by politicians, race hustlers and people who get a sense of superiority by denouncing others as 'racists'



It takes considerable knowledge just to realize the extent of your own ignorance.

It takes considerable knowledge just to realize the extent of your own ignorance.



Any politician who can be elected only by turning Americans against other Americans is too dangerous to be elected.

Any politician who can be elected only by turning Americans against other Americans is too dangerous to be elected.



The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.

The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.



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.

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.



I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money.

I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money.



Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it.

Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it.



The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.





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The sunlight claps the earth, and the moonbeams kiss the sea: what are all these kissings worth, if thou kiss not me?

The sunlight claps the earth, and the moonbeams kiss the sea: what are all these kissings worth, if thou kiss not me?



One must speak in such a way that although someone else, or many others, or an infinite number of people have said it before, it seems as though you said it first.

One must speak in such a way that although someone else, or many others, or an infinite number of people have said it before, it seems as though you said it first.



I also learned that a person was not necessarily bad just because you did not agree with him, and that if you believed in something, you had better be prepared to defend it.

I also learned that a person was not necessarily bad just because you did not agree with him, and that if you believed in something, you had better be prepared to defend it.



There never was a social change in America without angry people at the heart.

There never was a social change in America without angry people at the heart.



Chemotherapy is a good thing even though it kills healthy cells. But we still hope for something better. We'd like to prevent cancer in the first place.

Chemotherapy is a good thing even though it kills healthy cells. But we still hope for something better. We'd like to prevent cancer in the first place.



Start with the notion that yours is the sole responsibility unless there's powerful evidence to the contrary

Start with the notion that yours is the sole responsibility unless there's powerful evidence to the contrary



I'm generally intimidated by adults.

I'm generally intimidated by adults.



I've fought hard and now I'm weary to the bone.

I've fought hard and now I'm weary to the bone.



Anyone will be glad to admit that he knows nothing about beagling, or the Chinese stock market, or ballistics, but there is not a man or woman alive who does not claim to know how to cure hiccoughs.

Anyone will be glad to admit that he knows nothing about beagling, or the Chinese stock market, or ballistics, but there is not a man or woman alive who does not claim to know how to cure hiccoughs.



I only drink to steady my nerves... sometimes I'm so steady I don't move for months.

I only drink to steady my nerves... sometimes I'm so steady I don't move for months.




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This page presents the quote "Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.". Author of this quote is Thomas Sowell. This quote is about economic, incentives, inspired, needs,.