Best 8 quotes of Russ Roberts on MyQuotes

Adam Smith was not a big fan of the pursuit of fame and fortune. His view of what we truly want, of what really makes us happy, cuts to the core of things. It takes him only twelve words to get to the heart of the matter: Man naturally desires, not only to be loved, but to be lovely.

Capitalism involves struggle, but it has an invisible heart beating at its core that transforms people's lives.

I believe the power of Economics is to help provide a unique lens for looking at the world.

Self-deception can be more comforting than self-knowledge. We like to fool ourselves.

The incredible stability in inflation is really a novel human experience. And the inflation is being the result of money.

Under capitalism, man oppresses man. But under socialism, it's the other way around.

Welcome to the wonderful world of economics. Everything precious in life has a cost.

I have a friend with an incredibly demanding job that he doesn't particularly enjoy. But he puts up with it because he makes a lot of money, much more than he could make working for another company of doing something else. He has high blood pressure. His children get older every year. He complains about the stresses of his life and asks for my advice. Quit your job, I tell him. Earn less money. Spend more time with your wife and kids. Be happier. I can’t, he says. I have all these big deals in the works. Let me win those contracts, bag those bonuses. Next year I'll quit and slow down. But when next year comes along, he tells me about the new deals and the new bonuses. Next year is always a year away. Every year his salary grows. Every few years he moves into a bigger house and gets a new car. Is he happier? Evidently not. Despite the larger salary and the bigger house and the nicer car, he's not content. “Just one more year”, he says, “then I’ll have enough