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.

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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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Related Authors
Karl Marx | B. R. Ambedkar | Amartya Sen | Ludwig von Mises | Daniel Webster | Alice Munro |

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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. - DJ Spinall quotes