“The probability of the people in power being individuals who would dislike the possession and exercise of power is on a level with the probability that an extremely tender-hearted person would get the job of whipping-master in a slave plantation.” PeoplePersonsJobsIndividualLevelsMastersExerciseSlavePossessionDislikeProbabilityHeartedPlantationsWhipping Author:Frank Knight
“Knowledge is more a matter of learning than of the exercise of absolute judgment. Learning requires time, and in time the situation dealt with, as well as the learner, undergoes change.” WellsMatterEducationSituationKnowledgeLearningExerciseJudgmentEconomicsAbsolutesLearners Book:Risk, Uncertainty and Profit Source: Risk, Uncertainty and Profit
