| |
 |
Sunday, July 26, 2009 |
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
11:18:11 AM 
|
|
© Copyright 2009 Vulgar Morality.
|
|
