The Pathless Path with Paul Millerd cover image

#137 Life as Conversation - Russ Roberts on his relationship with his father, starting the EconTalk podcast in 2006, Adam Smith, why people want to be "lovely", aiming high, why it's hard to have fun, misunderstandings of the academic world, and moving to Israel in his 60's

The Pathless Path with Paul Millerd

CHAPTER

Is There More Than Economics?

The economic toolkit is fundamentally based on the question, what's in it for me? What am I going to get out of this transaction? It focuses on what a rational person would do with a limited amount of money and lots of things they want. And that's a pretty reliable way of looking at the world for many of our commercial transactions. But my view is that that fundamentally ignores our sense of duty, responsibility, our values sometimes.

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