"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."

Wisdom

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Thematic Reflection

This quotation examines the core nature of Wisdom as articulated by Thomas Sowell. Within historical and literary traditions, reflections on Wisdom provide actionable mental models, challenging individuals to evaluate personal ethics, self-discipline, and daily actions.

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About Thomas Sowell

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. He is a senior fellow at the Hoover Institution and was a recipient of the National Humanities Medal from President George W. Bush in 2002.

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More by Thomas Sowell

"The march of science and technology does not imply growing intellectual complexity in the lives of most people. It often means the opposite."

— Thomas Sowell
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"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics."

— Thomas Sowell
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"Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good."

— Thomas Sowell
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"The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive."

— Thomas Sowell
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More about Wisdom

"Wisdom principle 63 tells us that the journey of life is lesson 1."

— Harriette Simpson Arnow
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"When a hurricane thrashes the mid-Atlantic, my hilly town often reaps the fringe of the storm. The rain starts blowing sideways, and sometimes we see hail the size of purie marbles."

— Diane Ackerman
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"Wisdom principle 30 tells us that the journey of life is lesson 82."

— Thomas Adcock
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"I have followed holiness, I have taught truth, and I have been most in the main things not that I thought the things concerning our times little, but that I thought none could do anything to purpose in God's great and public matters, till they were right in their conditions."

— Donald Cargill
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