Knowledge and Decisions

This major economic and social study explores how knowledge is shared, transmitted, and utilized throughout modern society. Thomas Sowell examines the structural gaps between firsthand knowledge and institutional decision making in both market economies and political systems. The book analyzes the complex mechanisms through which society coordinates information and resources without centralized control. It remains a foundational work on the interaction between economic processes, public policy, and human freedom.

by Thomas Sowell

Basic Books · First published 1980 · 422 pages