Knowledge and Decisions by Thomas Sowell

Knowledge and Decisions is a non-fiction book by American economist Thomas Sowell. Sowell explicates social and economic knowledge and how it is transmitted through the many facets of society, and how that transmission affects decisions made. Emphatically, Sowell repeatedly rejects the popular tendency to put economic and political decisions and their results in moral terms. Doing so, he argues, ignores the trade-offs and limitations inherent in every economic system and society.