quote · Legacy record
lthough the basic principles of economics are not very complicated, the very ease with which they can be learned also makes them easy to dismissed as "simplistic" by those who do not want to accept analyses which contradict their cherished beliefs. Evasions of the obvious are often far more complicated than the facts. Nor is it automatically true that complex effects must have complex causes. The ramifications of something very simple can become enormously complex.
lthough the basic principles of economics are not very complicated, the very ease with which they can be learned also makes them easy to dismissed as "simplistic" by those who do not want to accept analyses which contradict their cherished beliefs. Evasions of the obvious are often far more complicated than the facts. Nor is it automatically true that complex effects must have complex causes. The ramifications of something very simple can become enormously complex.
Approximate author period: c. 1930 AD · modern
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- Thomas Sowell
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- Approximate author period: c. 1930 AD · modern
Approximate author-period anchor from documented birth year 1930; activity date not established; Wikidata Q553449, https://www.wikidata.org/wiki/Q553449 (accessed 2026-10-08). Not a quotation composition date.
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Supplied reference C; CSV row 318184; supplied attribution, independently unverified
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