Top 2 Richard Layard Quotes (2024 Update)

1. “The more television people watch, the more they overestimate the affluence of other people. And the lower they rate their own relative income. The result is that they are less happy.”

— Richard Layard

2. “External effects are everywhere. Almost every major transaction we make affects other people who are not a party to the transaction. When someone buys a Lexus, he sets a new standard for the street. When a firm advertises a Barbie doll, it creates a want that was not there before.”

— Richard Layard

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