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Quotes from A Progressive View on the Need for a Paradigm Shift in Economics — John Komlos

born 1944 United States

← All quotes by John Komlos

23 quotes

[H]ousing prices had doubled by 2005 in 10 years time, which would have made sense if incomes had also increased substantially, but they didn't.

A Progressive View on the Need for a Paradigm Shift in Economics (2020)

Status seeking is important. Relative incomes matter... Mainstream... economists said inequality was not a problem, and that's how we got an oligarchy [and populism].

A Progressive View on the Need for a Paradigm Shift in Economics (2020)

[Imperfect information is ubiquitous.] People with more [or better] information can take advantage of people with less information, so exploitation becomes a real possibility.

A Progressive View on the Need for a Paradigm Shift in Economics (2020)

Attribution

Quotes and notes from Wikiquote: John Komlos (page history), available under CC BY-SA 4.0.