Carolina Quotes

Thomas Sowell

North Carolina · born or raisedBorn 1930

American economist, social theorist, political philosopher and author

  • Born in Gastonia
  • Lived in Charlotte

economist, university teacher, columnist, educator

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It is unnecessary to attempt any general rule as to where the overall balance lies in comparing the respective costs of knowledge in larger and smaller decision-making units. What is important is to understand that (1) the respective cost advantages of the large and small units differ according to the kind of knowledge involved (general versus specific), that (2) most decisions involve mixtures of the two kinds of knowledge, so that the net advantages of the larger and smaller units vary with the kind of decision, and (3) the effectiveness of hierarchical subordination varies with the extent to which the subordinate unit has knowledge advantages over the higher unit.
Ch. 1 : The Role of Knowledge
In the summer of 1959, as in the summer of 1957, I worked as a clerk-typist in the headquarters of the U.S. Public Health Service in Washington. The people I worked for were very nice and I grew to like them. One day, a man had a heart attack at around 5 PM, on the sidewalk outside the Public Health Service. He was taken inside to the nurse's room, where he was asked if he was a government employee. If he were, he would have been eligible to be taken to a medical facility there. Unfortunately, he was not, so a phone call was made to a local hospital to send an ambulance. By the time this ambulance made its way through miles of Washington rush-hour traffic, the man was dead. He died waiting for a doctor, in a building full of doctors. Nothing so dramatized for me the nature of a bureaucracy and its emphasis on procedures, rather than results.
Ch. 5 : Halls of Ivy
In its pursuit of justice for a segment of society, in disregard of the consequences for society as a whole, what is called 'social justice' might more accurately be called anti-social justice, since what consistently gets ignored or dismissed are precisely the costs to society. Such a conception of justice seeks to correct, not only biased or discriminatory acts by individuals or by social institutions, but unmerited disadvantages in general, from whatever source they may arise.
p.10, Simon and Schuster
Walter Williams figured out some years ago that the amount of money needed to move the poor out of poverty would be trivial compared to the amount of money that's spent on these damn programs that are supposed to help the poor but usually don't. But the poor are being used as human shields in the political battle. You put the poor up in front of you as you march across the battlefield and enemy troops won't fire, so you can expand your power, and raise taxes, and so forth.
"Live" with Thomas Sowell, The American Enterprise, September 2004.
In a world where young blacks, especially, are bombarded with claims that they are being unfairly targeted by police, and where a general attitude of belligerence is being promoted literally in word and song, it is hard not to wonder whether some people's responses to policemen do not have something to do with the policemen's responses to them. Neither the police nor people in any other occupation always do what is right but automatic belligerence is not the answer.
"Driving While Black" (31 October 2007), Jewish World Review.
As far as party primaries are concerned, both Republican and Democratic Party primaries are dominated by the most zealous voters, whose views may not reflect the views of most members of their own respective parties, much less the views of those who are going to vote in the November general election. In recent times, each election year has seen each party's nominee selected - or at least subject to veto - by its most extreme wing and then forced to try to move back to the center before the general election. This can only undermine the public's confidence in the integrity of the candidates of both parties.
"Bipartisan Primary Blues", National Review (25 March 2008).
Some intellectuals’ downplaying of objective reality and enduring criteria extends beyond social, scientific, or economic phenomena into art, music, and philosophy. The one over-riding consistency across all these disparate venues is the self-exaltation of the intellectuals. Unlike great cultural achievements of the past, such as magnificent cathedrals, which were intended to inspire kings and peasants alike, the hallmark of self-consciously “modern” art and music is its inaccessibility to the masses and often even its deliberate offensiveness to, or mockery of, the masses. Just as a physical body can continue to live, despite containing a certain amount of microorganisms whose prevalence would destroy it, so a society can survive a certain amount of forces of disintegration within it. But that is very different from saying that there is no limit to the amount, audacity and ferocity of those disintegrative forces which a society can survive, without at least the will to resist.
Ch. 22 : The Influence of Intellectuals
Risks inherent in economic activities can be dealt with in a wide variety of ways. In addition to the commodity speculation and inventory management discussed in the previous chapter, other ways of dealing with risk include stocks, bonds, and insurance. There are also other economic activities analogous to stocks, bonds, and insurance which deal with risks in ways that are legally different, though similar economically.
Thomas Sowell, Basic Economics, 4th ed. (2010), Ch. 13. Risks and Insurance
What socialism, fascism and other ideologies of the left have in common is an assumption that some very wise people—like themselves—need to take decisions out of the hands of lesser people, like the rest of us, and impose those decisions by government fiat.
"Socialist or Fascist?", Jewish World Review (June 12, 2012) — NOTE: "Fascism is a form of far-right, authoritarian ultranationalism characterized by dictatorial power, forcible suppression of opposition, and strong regimentation of society and of the economy which came to prominence in early 20th-century Europe."

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Failure is a big part of a free market's success. People fail to live up to their potential, or to carry out all their good intentions, in all kinds of economic and political systems. Capitalism makes them pay a price for their failures, while socialism, feudalism, fascism and other systems enable personal failures, especially by those at the top, to be ignored and the inevitable price to be paid by others in lower standards of living than they could have had with the existing resources and technology. p. 24