“Before attempting to determine the effect of institutions, it is necessary to consider the inherent circumstances, constraints, and impelling forces at work in the environment within which the institutional mechanisms function.”

—  Thomas Sowell

Source: 1980s–1990s, Knowledge and Decisions (1980; 1996), Ch. 2 : Decision-Making Processes

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Thomas Sowell 101
American economist, social theorist, political philosopher … 1930

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