The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.

Summary

This quote suggests that animals, who rely on instinct, possess an innate understanding of economics and how it operates. In contrast, humans, equipped with rationality, have diminished economics into a realm of absurdity. This is seen as both comical and sorrowful, as humans' supposed superiority in reasoning has ironically led to a distortion of economic principles, highlighting the discrepancy between instinctual knowledge and human rationality.

Topics