Quotation of the Day…

by Don Boudreaux on September 5, 2019

in Virginia Political Economy

… is from page 120 of Thomas Sowell’s monumental 1980 volume, Knowledge and Decisions (original emphasis):

Voters can only choose process characteristics and hope for results. Consumers buy results and leave the process to those with specialized knowledge of such things.

DBx: This important point is so obvious when stated, yet it is ignored almost completely in discussions of democratic decision-making.

Comments

Add a Comment    Share Share    Print    Email

Previous post:

Next post: