“Informal relationships are not mere minor interstitial supplements to the major institutions of society. These informal relationships not only include important decision-making processes, such as the family, but also produce much of the background social capital without which the other major institutions of society could not function nearly as effectively as they do.”
Quote by Thomas Sowell
Work
Knowledge And Decisions
This book delves into the intricacies of decision-making, examining how individuals and organizations utilize knowledge to make informed choices. It covers various theories and models, providing insights into the cognitive and behavioral aspects of decision-making. more
Author
Thomas Sowell
Thomas Sowell is a renowned economist, born on June 30, 1930. His research spans across various fields such as economic policy, race, and social issues, having a profound impact on economics and the social sciences. more
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