![]() ![]() Knowledge and Decisions, a winner of the 1980 Law and Economics Center 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 center acclaimed that the "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, this] work goes deeper and becomes even more significant. In his usual rigorous way, Thomas Sowell lays out the world of knowledge and trade-offs, even in things we take for granted, like laws against murder, and justice itself. The second half of the book discusses the mechanics of. Get 50 off this audiobook at the AudiobooksNow online audio book store and download or stream. Use this page to discover other books which are in the same category as Knowledge And Decisions (Nonfiction, Paperback) by Thomas Sowell (Basic Books. His basic cast of mind is that of the economist, with. The first half of the book pertains to knowledge itself, and how knowledge is transmitted in various (formal or informal) decision making units in institutional environments whether they be economic, political, social. Download or stream Knowledge and Decisions by Thomas Sowell. During the past decade Thomas Sowell, who is professor of economics at UCLA, has made evident through a considerable range of books and articles that he is one of our most penetrating social critics. This is because actual knowledge is being replaced by assumptions based on an abstract and elitist social vision of what ought to be. Thomas Sowell explains the format of the book in detail in the preface. 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. Sowell, one of America's most celebrated public intellectuals, describes in concrete detail how knowledge is shared and disseminated throughout modern society. This reissue of Thomas Sowell's classic study of decision making, which includes a preface by the author, updates his seminal work in the context of The Vision of the Anointed.
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