![]() ![]() Consequently, Sowell advocates decentralized decision making by allowing people to make economic choices for themselves rather than assuming that non-elected intellectuals at centralized planning agencies will make better decisions. Sowell also talks about the recurrent unintended consequences of many intellectual decisions. That has the effect of creating a larger divide between people who make decisions and those who experience the consequences. Sowell explains that agencies make more laws than Congress does, but the agencies are insulated from any sort of consequences of their decisions because the officials are not elected. It’s a challenging read and an indispensable resource to help readers develop self-reflection, clarify their values, and ultimately make the choice that is most right to them. He explains that through intellectuals, government agencies, such as the United States Environmental Protection Agency and National Institutes of Health, have become more numerous and more powerful. Difficult Decisions is ideal for executives, managers, and business leaders to examine their own intuition and navigate the most conflicted choices they make. 6 LITERATURE AND THOUGHT Decisions, Decisions The Common Core State Standards Correlations Correlations aligning Decisions, Decisions to the Common Core State Standards for English Language Arts & Literacy in History/Social Studies, Science, and Technical Subjects are included in the digital version of the Teacher Guide on the enclosed CD. Sowell questions the popular unwavering faith in the expert intellectual and "articulated rationality" for "solutions" to economic or political problems. The last section of the book deals with intellectuals, those whose profession is the distribution of ideas. The fact that some industries or government agencies seem particularly incompetent or corrupt over many turnovers of their staff, he argues, is not bad people performing the duties, but of rational people acting in their own interests responding to whatever incentives have been established in the system. Consistent with his established laissez-faire viewpoints, Sowell also indicts price controls (such as rent control, minimum wage, price fixing, and subsidies) as interfering in the implicit communication between consumers and producers necessary to optimize the choices of each. Doing so, he argues, ignores the tradeoffs and limitations inherent in every economic system and society. Sowell rejects the tendency to put economic and political decisions and their results in moral terms. Hayek said that this book expanded admirably on his original concepts and made them clear to lay readers, with examples of economic activity drawn from the real world. Hayek's article " The Use of Knowledge in Society." ![]() The book's central theme of dispersed knowledge is drawn from F.A. Sowell analyzes social and economic knowledge and how it is transmitted through society, and how that transmission affects decision making. The book was initially published in 1980 by Basic Books and reissued in 1996. ![]() Knowledge and Decisions is a non-fiction book by American economist Thomas Sowell. ![]()
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