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Quotes from Foundations of Real-World Economics — John Komlos

born 1944 United States

← All quotes by John Komlos

14 quotes

I hope the present volume can... improve the teaching of economics by presenting a real-world perspective as opposed to the fantasy world of mainstream textbooks.

Foundations of Real-World Economics (2019)

One need not be a native utopian to be appalled by a society... [of] gross inequality...

Foundations of Real-World Economics (2019)

The ideological commitment to "market fundamentalism," ...has brought us to our current, precarious situation.

Foundations of Real-World Economics (2019)

If one does not subject... ideology to empirical evidence... ideology becomes dogma.

Foundations of Real-World Economics (2019)

The growth-at-any-price perspective does not consider... distribution: economic growth will not help the destitute, the uneducated underclass, or the majority of those... unemployed.

Foundations of Real-World Economics (2019)

The financial crisis of 2008 illustrated... how markets often go haywire, yet textbooks remain unchanged, failing to convey the fundamental flaws and systematic weaknesses of the free-market system.

Foundations of Real-World Economics (2019)

[F]ree markets, being a human invention, often become dysfunctional; they do not deserve our blind faith.

Foundations of Real-World Economics (2019)

[T]he economy should minimize suffering, while enhancing human dignity and self-worth.

Foundations of Real-World Economics (2019)

There must be something wrong with an economics that fosters a system that leaves so many... stranded that they strike back at the establishment by voting for a leader such as Donald Trump.

Foundations of Real-World Economics (2019)

Pain... plays a major role in my thinking. I advocate its minimization.

Foundations of Real-World Economics (2019)

[T]here are better ways to measure progress than in terms of money.

Foundations of Real-World Economics (2019)

My focus is on real human beings... rather than inanimate objects... as money or abstract concepts... which economists often substitute for the human dimension.

Foundations of Real-World Economics (2019)

Greenspan and Benjamin Bernanke... ignored the evidence because they were blinded by their ideology and the infallibility of the markets. They were prisoners of their own ideology.

Foundations of Real-World Economics (2019)

I consider my views to be progressive, democratic, and humanitarian. ...[W]e could restructure the economy ...to improve our lives by focusing on increasing our life satisfaction instead of on income growth.

Foundations of Real-World Economics (2019)

Attribution

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