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 ...
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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 centre 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 centre 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."
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Fine. Trade paperback (US). Glued binding. 448 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Dr. Thomas Sowell is now a Rose and Milton Friedman Senior Fellow at the Hoover Institution, Stanford University, having the academic credentials to be so honored with that position. He graduated from Harvard, received his master?s in economics from Columbia, and was awarded a doctorate in economics from the University of Chicago in 1968. To date, in his writings, including his newspaper columns, he has proposed solutions to many problems facing the world and America today: racism, poverty, and education. Because of his universal appeal, his books have been translated into several languages.
I recommend this work to those in management positions, private or public. Moreover, his knowledgeable views should be a prerequisite for any person who wishes to be an informed voter.
Sowell is a champion of clear thinking, who is always concerned with the results that will be achieved in any endeavor, rather than it just sounds like a nice thing to do. He analyses the constraints and incentives, or as popularized by Milton Freeman, Nobel Prize winner in economics, whose glowing review is on the back cover: ?There?s no such thing as a free lunch.? As the author states in the last paragraph of chapter one: ?The chapters that follow will consider the use of knowledge in economic, legal, and political institutions, the nature of the intellectual process and the role of intellectuals as a social class in influencing trends in modern society. Some disturbing implications of those trends will then be weighed.?
mnusair
Apr 26, 2007
Excellent book, needs brains
I recently discovered this early Sowell work, a book that exercises the brain and has the usual insight of this author. Anyone looking for light reading need not look here, as this is a book for anyone interested in the serious subject of how humanity thinks that it "knows" things, and what "truth" and "knowledge" are.
