Russ Roberts Famous Quotes
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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.
Welcome to the wonderful world of economics. Everything precious in life has a cost.
And even though he's the father of capitalism and wrote the most famous and maybe the best book ever on why some nations are rich and others are poor, Adam Smith in The Theory of Moral Sentiments wrote as eloquently as anyone ever has on the futility of pursuing money with the hope of finding happiness. How do you reconcile that with the fact that no one did more than Adam Smith to make capitalism and self-interest respectable? That is a puzzle I try to unravel toward the end of this book. Besides the emptiness of excessive materialism, Smith understood the potential we have for self-deception, the danger of unintended consequences, the seductive lure of fame and power, the limitations of human reason, and the unseen sources of what makes our lives both so complex and yet at times so orderly. The Theory of Moral Sentiments is a book of observations about what makes us tick. As a bonus, almost in passing, Smith tells us how to lead the good life in the fullest sense of that phrase.
People mistakenly assume that if I'm against government involvement in health care, I must favor an alternative where profits drive decisions and businesses take center stage.
The opposite of government isn't business. The opposite of government is voluntary.
[Health Care Without (much) Government, medium.com]
