Thomas Sowell Quotes


Most variables can show either an upward or downward trend, depending on the base year chosen.


Citations

Sowell, Thomas. The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy. Basic Books, 1995, p. 48.

Related Quotes

The mathematics of modern statistical analysis are excellent, but there are many ways to end up with invalid results by making important errors in gathering the numbers which are then used to calculate the statistics. Often the sample is inadvertently or intentionally biased. Sometimes it is incomplete. Very frequently, the measures do not measure well what someone says they do measure. There are many other ways to mess up a statistical analysis, and is it those critical processes details that Gomez Hurtado tells us all to be worried about. He uses the analogy of blood sausage, which tastes delicious can be made with unsavory and unhealthy ingredients sometimes, and even when made right is a bit shocking to most people to watch the process.


Observation of the number of pharmaceutical companies that raised the price over by huge percentages on one or more of their high selling, life preserving drugs. There were some who claimed that there was a plan by the pharmaceutical industry to take advantage of the fact that certain drugs were necessary to preserve life. The quotation however was an excellent description of how the general public makes decisions about many aspects of economics, crime, corruption, and many other aspects of our society. The principle not only seems to generally hold for negative things but also positives such as whether a government program is working or whether a company innovates great products.


Thomas Sowell
Thomas Sowell
  • Born: June 30, 1930
  • Nationality: American
  • Profession: Economist

Thomas Sowell is an American economist, social theorist, and senior fellow at Stanford University's Hoover Institution.