Russ Roberts Quotes

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

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

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

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.

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

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.