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Economics: The study of the distribution of scarce resources with alternative uses.

It would be great if more people knew that.




"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."


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."


Hayek.


Sowell quotes him heavily.




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