Quote of the Day: Thomas Sowell on the Cavemen

At Cafe Hayek, Don Boudreaux quotes economist Julian Simon:

“Natural resources are not finite in any meaningful economic sense, mind-boggling though this assertion may be.  The stocks of them are not fixed but rather are expanding through human ingenuity.”


Here's a related quote about natural resources from economist Thomas Sowell in his book "Knowledge and Decisions":


"The cavemen had the same natural resources at their disposal as we have today, and the difference between their standard of living and ours is a difference between the knowledge they could bring to bear on those resources and the knowledge used today." 

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Quote of the Day: Thomas Sowell on the Cavemen

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