Posts tagged ‘knowledge vs. presumtions’

May 4, 2010

Quintessential Quotes – Thomas Sowell

“For the economy as a whole, profits are a minor item, about 10 percent of what the American economy produces, for example.  But it is a major item as an incentive to efficiency in producing the other 90 percent.” (Sowell, 2007, pp. 173).

Sowell, T. (2007). Basic Economics. New York: Perseus Books Group.

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