The first lesson of economics is scarcity: there is never e… - Thomas Sowell

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The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

Thomas Sowell

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About Thomas Sowell

Thomas Sowell (born June 30, 1930) is an American economist and political commentator. He taught economics at Cornell University, the University of California, Los Angeles, and since 1980 at the Hoover Institution at Stanford University, where he is currently Senior Fellow.

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Nassim Nicholas Taleb F.A. Hayek Noam Chomsky Theodore Dalrymple George Orwell

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The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is … - Thomas Sowell

About Thomas Sowell

Additional quotes by Thomas Sowell