"To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than they would have cost without profits. It never occurs to such people that these products might cost several million dollars more to produce if they were produced by enterprises operating without the incentives to be efficient created by the prospect of profits."
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Academics from the United StatesPhilosophers from the United StatesEducators from the United StatesPeople from North CarolinaEconomists from the United States
Original Language: English
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Sources
, South Florida Sun Sentinel, December 26, 2003
https://en.wikiquote.org/wiki/Thomas_Sowell
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Thomas Sowell
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