Deep thought

“In the constrained vision, any individual’s own knowledge alone is grossly inadequate for social decision-making, and often even for his own personal decisions.  A complex society and its progress are therefore possible only because of numerous social arrangements which transmit and coordinate knowledge from a tremendous range of contemporaries, as well as from the even more vast numbers of those from generations past.  Knowledge as conceived in the constrained vision is predominatly experience — transmitted socially in largely inarticulate forms, from prices which indicate costs, scarcities, and preferences, to traditions which evolve from the day-to-day experiences of millions in each generation, winnowing out in Darwinian competition what works from what does not work.”  Thomas Sowell, A Conflict of Visions

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