Thomas Sowell
Knowledge and Decisions
- ISBN 13:
- 9780465037384
- author:
- Thomas Sowell
- format:
- Paperback
- publisher:
- Basic Books
- language:
- English
- Publication Year:
- 1996
- Pages:
- 448
- Genre:
- Law Textbook
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Thomas Sowell's "Knowledge and Decisions" is a seminal work that explores how knowledge is shared and disseminated in modern society. With a new preface by the author, this reissue updates his classic study to reflect the current context. Sowell argues that there is a growing gap between firsthand knowledge and decision-making, which can have significant consequences for economic and political efficiency, as well as individual freedom. He contends that actual knowledge is often replaced by assumptions based on an abstract social vision of what ought to be. This book offers valuable insights into the differences between the market process and the process of government, highlighting the importance of diversity and efficiency in the market.
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