April 28, 2010 Rebellion!

Quintessential Quotes – Thomas Sowell

“While capitalism has a visible cost – profit – that does not exist under socialism, socialism has an invisible cost – inefficiency – that gets weeded out by losses and bankruptcy under capitalism” (Sowell, 2007, pp. 112).

Sowell, T. (2007). Basic Economics. New York: Perseus Books Group.

Tagged: , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *