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. These insights and others are sprinkled throughout The Theory of Moral Sentiments. Money is nice, but knowing how to deal with it may be nicer. A student once told me that a professor of hers said that economics is the study of how to get the most out of life. That may strike some of you, even those who majored in economics, as an absurd claim. But life is all about choices. Getting the most out of life means choosing wisely and well. And making choices - being aware of how choosing one road means not taking another, being aware of how my choices interact with the choices of others - that's the essence of economics.
-Russ Roberts, How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness
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