Thomas Sowell Quotes About Values

Quotes about: Values

• Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.

  Thomas Sowell

  Philosophy, Causes, Alternatives

  Thomas Sowell (2000). “Basic Economics: A Citizen's Guide to the Economy”, Basic Civitas Books

• Social values in general are incrementally variable: neither safety, diversity, rational articulation, nor morality is categorically a good thing to have more of, without limits. All are subject to diminishing returns, and ultimately negative returns.

  Thomas Sowell

  Social Values, Safety, Diversity

  Thomas Sowell (1996). “Knowledge And Decisions”, p.110, Basic Books

• To those who feel that their values are THE values, the less controlled systems necessarily present a spectacle of "chaos," simply because such systems respond to a diversity of values. The more successfully such systems respond to diversity, the more "chaos" there will be, by definition, according to the standards of ANY specific set of values- other than diversity or freedom as values. Looked at another way, the more self-righteous observers there are, the more chaos (and "waste") will be seen.

  Thomas Sowell

  Self, Diversity, Black

• Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.

  Thomas Sowell

  Financial, Economics, Method

  Thomas Sowell (1996). “Knowledge And Decisions”, p.79, Basic Books

• Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.

  Thomas Sowell

  Men, Hands, Availability

• Barack Obama has not only said that he is out to 'change the United States of America,' the people he has been associated with for years have expressed in words and deeds their hostility to the values, the principles and the people of this country.

  Thomas Sowell

  Country, Years, America

  Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.6, ReadHowYouWant.com

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