Knowledge and Decisions

Knowledge and Decisions

Book - 1996
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"With a new preface by the author, this reissue of Thomas Sowell's classic study of decision making updates his seminal work in the context of The Vision of the Annointed, Sowell, one of America's most celebrated public intellectuals, describes in concrete detail how knowledge is shared and disseminated throughout modern society. He warns that society suffers from an ever-widening gap between firsthand knowledge and decision making--a gap that threatens not only our economic and political efficiency, but our very freedom because actual knowledge gets replaced by assumptions based on an abstract and elitist social vision of what ought to be. Knowledge and Decisions, a winner of the 1980 Law and Economics Center Prize, was heralded as a "landmark work" and selected for this prize "because of its cogent contribution to our understanding of the differences between the market process and the process of government." In announcing the award, the center acclaimed Sowell, whose "contribution to our understanding of the process of regulation alone would make the book important, but in reemphasizing the diversity and efficiency that the market makes possible, [his] work goes deeper and becomes even more significant.""--Publisher description (LoC).
Publisher: New York : Basic Books, 1996
ISBN: 9780465037384
0465037380
Branch Call Number: 302.3 SOWELL 1996
Characteristics: xxvi, 422 pages ; 24 cm

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ymaryking
Oct 11, 2017

With limited experience of reading academic papers especially on Economics, I found this book difficult to read. Many a times I felt lost in the midst of complex sentences and abstract discussions, and had to reread the paragraphs more than once. I am a naturalized citizen and English is not my mother tongue which might be the reason of my difficulties. However, I was intrigued by the unfamiliar histories and insights gained from what I had read - enough to plow on. I am glad that I finished the book. The knowledge and insights learned are definitely worth the time and efforts made.

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