Knowledge and Decisions
by Thomas Sowell
Sowell's deepest book: how knowledge is dispersed in society and how different institutions, markets, courts, governments, use or waste it. Hayek extended; demanding and rewarding.
Read it if…
you want Sowell at his most serious.
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Skip it if…
you want his accessible work; see Basic Economics.
Try instead: A Primate's Memoir →
Three things you will actually use
- Knowledge is dispersed.
- Institutions differ in how they use it.
- Beware decisions made far from the facts.
Do this first
Read the chapters on the role of knowledge.
Our verdict
Sowell on knowledge.
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