Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.
About This Quote
About Thomas Sowell
Thomas Sowell was a contemporary American economist. Thomas Sowell is an American economist, economic historian, and social theorist. With widely published commentary and books—and as a guest on TV and radio—he is a well-known voice in the American conservative movement as a prominent black conservative. Read more on Wikipedia →
Themes
- Money — Thoughts on wealth, value, and material pursuits