Bonus Quotation of the Day…

by Don Boudreaux on May 12, 2016

in Myths and Fallacies

… is from page 179 of the 5th edition (2015) of Thomas Sowell’s Basic Economics:

Misconceptions of business are almost inevitable in a society where most people have neither studied nor run businesses.  In a society where most people are employees and consumers, it is easy to think of businesses as “them” – as impersonal organizations, whose internal operations are largely unknown and whose sums of money may sometimes be so huge as to be unfathomable.


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