Top 100

Top 20 Russ Roberts Quotes (2024 Update)

Russ Roberts Quote: “Welcome to the wonderful world of economics. Everything precious in life has a cost.”
Russ Roberts Quote: “Under capitalism, man oppresses man. But under socialism, it’s the other way around.”
Russ Roberts Quote: “I believe the power of Economics is to help provide a unique lens for looking at the world.”
Russ Roberts Quote: “The Universe is full of dots. Connect the right ones and you can draw anything. The important question is not whether the dots you picked are really there, but why you chose to ignore all the others.”
Russ Roberts Quote: “Life’s not a race. It’s a journey to savor and enjoy. Ambition – the relentless desire for more – can eat you up.”
Russ Roberts Quote: “Economics helps you understand that money isn’t the only thing that matters in life. Economics teaches you that making a choice means giving up something. And economics can help you appreciate complexity and how seemingly unrelated actions and people can become entangled.”
Russ Roberts Quote: “Love locally, trade globally.”
Russ Roberts Quote: “We tried buying local once; it was called the Middle Ages.”
Russ Roberts Quote: “When we honor bad people or avoid good people, we are playing a role in degrading the world around us. It’s a small role, almost negligible. But together, our combined actions are decisive. Each step we take away from loveliness is a step away from civilization. As more and more of us take those steps, our seemingly negligible actions are no longer negligible.”
Russ Roberts Quote: “One important characteristic of civilization is trust. When you can trust the people you deal with – when you don’t have to fear that your trust will be exploited for someone else’s gain – life is lovelier and economic life is much easier. How does trust get created? By the myriad small interactions we have with each other when we honor our word and pass up the chance for opportunism.”
Russ Roberts Quote: “The first principle is that you must not fool yourself – and you are the easiest person to fool.”
Russ Roberts Quote: “Capitalism involves struggle, but it has an invisible heart beating at its core that transforms people’s lives.”
Russ Roberts Quote: “The incredible stability in inflation is really a novel human experience. And the inflation is being the result of money.”
Russ Roberts Quote: “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.”
Russ Roberts Quote: “The idea that other people care about themselves is generally a good thing to remember if you want them to do something for you in return.”
Russ Roberts Quote: “What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?”
Russ Roberts Quote: “Smith is showing us a better path to contentment than the one the world holds out to seduce us with. There is another way to be loved. Instead of pursuing attention via wealth or fame or power, pursue wisdom and goodness. There are two ways to be loved, to satisfy the desire we all have in us to be noticed and to be somebody. The first path is to be rich, famous, powerful. The second path is to be wise and virtuous.”
Russ Roberts Quote: “A modern way to capture what Smith is talking about when he talks about being loved and being lovely is authenticity. We want to be real, and we want the people around us to be real in how they think about us. Respect or love or attention that is inaccurate because I don’t deserve it isn’t real. Someone who is thought to be lovely, but who knows he isn’t, is living a lie.”
Russ Roberts Quote: “Emotional interaction is a duet in which we are constantly fine-tuning our volume to match that of our fellow.”
Russ Roberts Quote: “Rather than revving up our feelings of injustice, Smith is telling us a way to find serenity. Wag more, bark less.”
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