“There are no solutions. There are only trade-offs.”Thomas Sowell
American - Economist & Author|June 30, 1930

50 FAMOUS QUOTES · ECONOMIST & AUTHOR
Thomas Sowell Quotes
Read 38 Thomas Sowell quotes on economics, trade-offs, clear thinking, education and freedom from the American economist and author of Basic Economics.
“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
“Economics is the study of the use of scarce resources which have alternative uses.”Thomas Sowell
“Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.”Thomas Sowell
“It takes considerable knowledge just to realise the extent of your own ignorance.”Thomas Sowell
“Intellect is not wisdom.”Thomas Sowell
“Facts do not speak for themselves. They speak for or against competing theories. Facts divorced from theories or visions are mere isolated curiosities.”Thomas Sowell
“People who pride themselves on their "complexity" and deride others for being "simplistic" should realise that the truth is often not very complicated. What gets complex is evading the truth.”Thomas Sowell
“It is usually futile to try to talk facts and analysis to people who are enjoying a sense of moral superiority in their ignorance.”Thomas Sowell
“The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think. The problem is that Johnny doesn't know what thinking is; he confuses it with feeling.”Thomas Sowell
“The most basic question is not what is best, but who shall decide what is best.”Thomas Sowell
“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”Thomas Sowell
“Sometimes it seems as if there are more solutions than problems. On closer scrutiny, it turns out that many of today's problems are a result of yesterday's solutions.”Thomas Sowell
“Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good.”Thomas Sowell
“The big divide in this country is not between Democrats and Republicans, or women and men, but between talkers and doers.”Thomas Sowell
“Talkers are usually more articulate than doers, since talk is their specialty.”Thomas Sowell
“The least productive people are usually the ones who are most in favour of holding meetings.”Thomas Sowell
“People who enjoy meetings should not be in charge of anything.”Thomas Sowell
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.”Thomas Sowell
“If you want to get each individual's honest opinion, you don't want that opinion to be influenced by others who are present, much less allow a group to coordinate what they are going to say.”Thomas Sowell
“One of the common failings among honourable people is a failure to appreciate how thoroughly dishonourable some other people can be, and how dangerous it is to trust them.”Thomas Sowell
“There are few things more dishonourable than misleading the young.”Thomas Sowell
“Each new generation born is in effect an invasion of civilisation by little barbarians, who must be civilised before it is too late.”Thomas Sowell
“Too much of what is called "education" is little more than an expensive isolation from reality.”Thomas Sowell
“Without a moral framework, there is nothing left but immediate self-indulgence by some and the path of least resistance by others. Neither can sustain a free society.”Thomas Sowell
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About Thomas Sowell
American - Economist & Author | Born June 30, 1930
Thomas Sowell (born June 30, 1930) is an American economist, social theorist and author, born in Gastonia, North Carolina, and raised in Harlem, New York. He left high school at 17, served in the U.S. Marine Corps during the Korean War era, and then studied at Harvard, Columbia and the University of Chicago, where he earned a PhD in economics.
Sowell has taught at universities including Cornell and UCLA and has been a senior fellow at Stanford's Hoover Institution since 1980. He has written more than 40 books, including *Basic Economics*, *A Conflict of Visions* and *Intellectuals and Society*, and wrote a nationally syndicated newspaper column for decades. Admirers praise his clear, plain-English explanations of economics, while critics strongly disagree with his conservative views on government, race and social policy. Here are 38 Thomas Sowell quotes.
Frequently asked questions
Quick answers about Thomas Sowell and these famous quotes.
Who is Thomas Sowell?
Thomas Sowell is an American economist, author and social commentator. He is a senior fellow at Stanford University's Hoover Institution and is known for his clear writing on economics, history and social policy.
What is Basic Economics about?
*Basic Economics* is Sowell's best-known book, a guide to economics written without graphs or equations. It explains how prices, markets, trade and government policies affect everyday life in plain language.
What does "There are no solutions, only trade-offs" mean?
Sowell argues that every choice has costs as well as benefits. Instead of looking for perfect solutions, people should weigh the trade-offs of each option and choose the one with the best overall balance.
What was Thomas Sowell's background?
He grew up in poverty in North Carolina and Harlem, left high school at 17, served in the Marine Corps, and later earned degrees from Harvard, Columbia and the University of Chicago. As a young man he described himself as a Marxist before changing his views.
What awards has Thomas Sowell received?
Sowell received the National Humanities Medal in 2002, among other honours. His books have been translated into many languages and are widely used in economics courses.
Why is Thomas Sowell controversial?
Sowell's views on issues such as affirmative action, government programmes and race and culture are associated with conservative and libertarian thought. Supporters praise his data-driven arguments, while critics argue that he overlooks structural causes of inequality.