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HOW ADAM SMITH CAN CHANGE YOUR LIFE

Russ Roberts

An Unexpected Guide to Human Nature and Happiness

Adam Smith wrote two classic works. "The Wealth of Nations" (1776) remains a pillar of the economics curriculum, but what about the other legendary book from the father of modern economics? Noted Stanford/Hoover economist Russ Roberts always meant to read "The Theory of Moral Sentiments" (1759) but he never did, until last year. It was slow going at first, but then...
“The margins began to fill up with stars and exclamation points… by the time I finished the book, I wanted to shout it from the rooftops—it’s a marvel, a hidden gem, you’ve got to read it!”
Adam Smith’s “other book” changed Russ Roberts’ life: It’s the best how-to book he’s ever read, and he thinks it’ll change your life, too. But rather than read the entire dense tome, Roberts has devised an ingenious way to “channel” Adam Smith and learn how to live a more thoughtful, virtuous, and happy life—on a course charted by Adam Smith 250 years ago.
RUSSELL ROBERTS is Professor of Economics and the J. Fish and Lillian F. Smith Distinguished Scholar at the Mercatus Center at George Mason University. Before coming to George Mason University, Roberts was at Washington University in St. Louis where he was the founding director of the Center for Experiential Learning at the John M. Olin School of Business and a Senior Fellow at the Weidenbaum Center on the Economy, Government, and Public Policy. Roberts has also taught at the University of Rochester, Stanford University, and UCLA. He holds a Ph.D. in economics from the University of Chicago.

Roberts is a regular commentator on business and economics for National Public Radio's Morning Edition. In addition to numerous academic publications, he has written for the New York Times and the Wall Street Journal. Professor Roberts is especially interested in communicating economics to non-economists. His first novel, The Choice: A Fable of Free Trade and Protectionism, a jargon-free book on international trade written for the non-economist, was named one of the top ten books of 1994 by Business Week and one of the best books of 1994 by the Financial Times. An updated and revised edition was published in the spring of 2000. His new book is The Invisible Heart: An Economic Romance (MIT Press, 2001).
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Published 2014-10-01 by Portfolio

Book

Published 2014-10-01 by Portfolio

Comments

Russ Roberts has done us all a great service in capturing the essence of Smith’s wisdom about the emotional and psychological foundations of both the good life and a successful economy. This book is a pleasure to read and, what’s more, Adam Smith almost certainly can change your life.

The subtitle is An Unexpected Guide to Human Nature and Happiness, and the author is Russ Roberts. The focus is on Adam Smith’s Theory of Moral Sentiments and why that is an important book. This is Russ’s best book in my opinion, so you should consider buying it. My favorite section is the discussion of the Chilean maid, definitely recommended. Read more...

Everyone should have a copy on their bookshelf, not just to read, but to consult occasionally for self reflection and restoration of the understanding of each person’s place in the world. Smith’s work was a tremendous accomplishment. Roberts’ adaptation is no less tremendous. Read more...

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Can economists teach us how to live a good life? When the economists in question are Adam Smith and Russ Roberts, the answer is a definitive yes. Roberts shines a fresh light on Smith’s ideas about morality and human nature and finds that these 18th century ideas hold up remarkably well in the 21st century. This is a fun, fascinating, and original book that will challenge you to become a better version of yourself.

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Russ Roberts has taken a brilliant but difficult classic—Smith’s Theory of Moral Sentiments—and written an engaging and inspiring meditation on virtue, friendship, and happiness. The result is a wonderful guide to living a good life.

Adam Smith was not just an economist; he also had penetrating insights into human nature that informed his rich, subtle, and revolutionary approach to moral philosophy. Russ Roberts combines a deep understanding of what Smith was on about with a fluent writing style to bring out the surprisingly modern implications of Smith’s thinking.

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A great book. Makes you feel better about life, humanity, and yourself. Like having a conversation and a scotch with Adam Smith, or even better, Russ Roberts.

An earnest, accessible introduction to Smith’s ideas on the nature of virtue and happiness. Read more...