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Book: Basic Economics
Quotes of Book: Basic Economics
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  1. Thomas Sowell _ Basic Economics

    In short, rent control reduces the rate of housing turnover.
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  2. Thomas Sowell _ Basic Economics

    Just as price fluctuations allocate scarce resources which have alternative uses, price controls which limit those fluctuations reduce the incentives for individuals to limit their own use of scarce resources desired by others.
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  3. Thomas Sowell _ Basic Economics

    A society in which such decisions can only be made by males has thrown away half of its knowledge, talents, and insights.
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  4. Thomas Sowell _ Basic Economics

    prices are not costs. Prices are what pay for costs.
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  5. Thomas Sowell _ Basic Economics

    People who want special taxes or subsidies for particular things seem not to understand that what they are really asking for is for the prices to misstate the relative scarcities of things and the relative values that the users of these things put on them. One
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  6. Thomas Sowell _ Basic Economics

    Failure is part of the natural cycle of business. Companies are born, companies die, capitalism moves forward. Fortunemagazine{115}
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