The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

Meaning

With this quote, the focus is on wisdom, emphasizing that wisdom grows through experience while underlining that mistakes teach valuable lessons.

Theme

Quotes about wisdom hold lasting relevance. They are shared widely because people seek clarity and insight, reinforcing that every moment can teach something.

About the Author

This quote, attributed to Thomas Sowell, belongs to a wide collection of well-known sayings. Many highlight topics such as wisdom.

Style and Structure

The quote builds on a contrast between expectation and reality, giving it emotional and intellectual impact.

FAQ

What does this quote mean?
wisdom grows through experience.

Why is it popular?
It speaks clearly about wisdom, making it widely relatable.

How can it be applied?
It encourages us to we think before acting.