Quote by James Thurber
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.
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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.