Carolina QuotesRisks 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 Carolinian
Source
Thomas Sowell, Basic Economics, 4th ed. (2010), Ch. 13. Risks and Insurance
- year
- 2010
Cite this record
“Risks inherent in economic activities can be dealt with in a…” Thomas Sowell. Carolina Quotes, record CQ-D5F5CF0C73. https://carolinaquotes.com/quote/d5f5cf0c73
More from Thomas Sowell
While decisions are constrained by the kinds of organizations and the kinds of knowledge involved, the Impetus for decisions comes from the internal preferences and external incentives facing those who actually make the decisions.
The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive.
Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?