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Knowledge And Decisions, by Thomas Sowell
PDF Download Knowledge And Decisions, by Thomas Sowell
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With a new preface by the author, this reissue of Thomas Sowell's classic study of decision making updates his seminal work in the context of The Vision of the Annointed, Sowell, one of America's most celebrated public intellectuals, describes in concrete detail how knowledge is shared and disseminated throughout modern society. He warns that society suffers from an ever-widening gap between firsthand knowledge and decision making—a gap that threatens not only our economic and political efficiency, but our very freedom because actual knowledge gets replaced by assumptions based on an abstract and elitist social vision f what ought to be.Knowledge and Decisions, a winner of the 1980 Law and Economics Center Prize, was heralded as a ”landmark work” and selected for this prize ”because of its cogent contribution to our understanding of the differences between the market process and the process of government.” In announcing the award, the center acclaimed Sowell, whose ”contribution to our understanding of the process of regulation alone would make the book important, but in reemphasizing the diversity and efficiency that the market makes possible, [his] work goes deeper and becomes even more significant.”
- Sales Rank: #82364 in Books
- Published on: 1996-10-04
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.01" w x 6.10" l, 1.16 pounds
- Binding: Paperback
- 422 pages
Review
''This is a brilliant book. Sowell illuminates how every society operates. In the process he also shows how the performance of our own society can be improved.'' --Milton Friedman
''In a wholly original manner [Sowell] succeeds in translating abstract and theoretical argument into a highly concrete and realistic discussion of the central problems of contemporary economic policy.'' --F. A. Hayek
About the Author
Thomas Sowell has taught economics at a number of colleges and universities, including Cornell, University of California Los Angeles, and Amherst. He has published both scholarly and popular articles and books on economics, and is currently a scholar in residence at the Hoover Institution, Stanford University.
Most helpful customer reviews
2 of 2 people found the following review helpful.
A book that has changed the way I analyze social ...
By Liu Bei USA
A book that has changed the way I analyze social and political trends.
The first half is rather abstract, defining knowledge and how we know things, and showing how knowledge does and does not affect decisions we make. The second half uses the framework set up in the first half to discuss in some detail economic, social and political decision making and how knowledge is used. The final summary makes a strong case for individual liberty rather than bureaucratic fiat in decision making.
A scholarly must-read.
2 of 2 people found the following review helpful.
A Profound, Seminal Work
By Amazon Customer
I recommend this book to anyone who wants to understand the reason stated political and social intentions somehow never come to pass. It is because those who take the power to make decisions (politicians, bureaucrats and the intelligentsia) do not have anywhere near enough knowledge to choose wisely even if they are not corrupt. The writing is clear, but likely too challenging for anyone not comfortable with upper-division college-level concepts. And, there are no diagrams or illustrations. That said, every citizen should read it. Twice.
0 of 0 people found the following review helpful.
Five Stars
By Happy now
Arrived on time and as advertised.
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