3 Quotes by Richard Layard

No society can work unless its members feel responsibilities as well as rights.

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.

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.