The first lesson of economics is scarcity: there i...

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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Frequently Asked Questions (FAQ)

Who said "The first lesson of economics is scarcity: there i... "?

"The first lesson of economics is scarcity: there i... " is one of a famous quotes by Thomas Sowell. Complete quote is as follows;
"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."

What is "The first lesson of economics is scarcity: there i... "?

"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." This is a quote by Thomas Sowell which is about . He is known to have been associated with numerous other thought provoking quotes on these topics like;

  • In our age there is no such thing as 'keeping out of politics.' All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia.
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What does "The first lesson of economics is scarcity: there i... " mean?

This quote is primarily about politics although it also includes other themes like . It is attributed to Thomas Sowell. Complete quote is as follows;
"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."