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Thomas Sowell Quotes: 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.


Thomas Sowell
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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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"Thomas Sowell Quotes." Quoteslyfe.com, 2024. Sat. 21 Dec. 2024. <https://www.quoteslyfe.com/quote/The-first-lesson-of-economics-is-scarcity-318317>.





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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.



It is bad enough that so many people believe things without any evidence. What is worse is that some people have no conception of evidence and regard facts as just someone else's opinion.

It is bad enough that so many people believe things without any evidence. What is worse is that some people have no conception of evidence and regard facts as just someone else's opinion.





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Saylor and Beau worked together not like a piston head turned by a camshaft, but like the torque created from such synchronicity.

Saylor and Beau worked together not like a piston head turned by a camshaft, but like the torque created from such synchronicity.



The future is hidden even from those who make it.

The future is hidden even from those who make it.



A warrior...must believe in his strength of will, of purpose, of heart and soul.

A warrior...must believe in his strength of will, of purpose, of heart and soul.



Grief doesn't necessarily make you noble. Sometimes it just makes you crazy, or primitive with fear.

Grief doesn't necessarily make you noble. Sometimes it just makes you crazy, or primitive with fear.



All we can do is try, do our best. Give as much time as we have to give, one day at a time. One breath at a time

All we can do is try, do our best. Give as much time as we have to give, one day at a time. One breath at a time



Been there, done that Sold crack, got jacked Got shot, came back Jumped on Dre's back!

Been there, done that Sold crack, got jacked Got shot, came back Jumped on Dre's back!



The songs that you work and work and work on sometimes are just forced and not as good.

The songs that you work and work and work on sometimes are just forced and not as good.



Writing is rewriting what you have rewritten.

Writing is rewriting what you have rewritten.



Only for today, I will devote ten minutes of my time to some good reading, remembering that just as food is necessary to the life of the body, so good reading is necessary to the life of the soul

Only for today, I will devote ten minutes of my time to some good reading, remembering that just as food is necessary to the life of the body, so good reading is necessary to the life of the soul



The way everyone in London is right up against each other makes it very real to you growing up, the fact that people have different lives to you. And that causes problems; of course it does.

The way everyone in London is right up against each other makes it very real to you growing up, the fact that people have different lives to you. And that causes problems; of course it does.




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This page presents the quote "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.". Author of this quote is Thomas Sowell. This quote is about lesson, economics,.