4 ms·

Economics: The study of the distribution of scarce resources with alternative uses. It would be great if more people knew that.

• ataggart 16y ago
  "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."
  • uuilly 16y ago
    Love it. I've been reading a bunch of Thomas Sowell recently. That seems like it could be straight out of "A Conflict of Visions."
    • patrickgzill 16y ago
      Hayek.
      • uuilly 16y ago
        Sowell quotes him heavily.