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Most of the models pertain to perfect competition. Forget about it! The default model should be oligopoly or monopoly.

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

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More quotes by John Komlos

It is important that the research continue, inasmuch as it promises to illuminate a large number of problems.

On the Significance of Anthropometric History (1994)

Less anxiety, less insecurity and less crime. That's Capitalism with a human face, and you can read more about it in my textbook...

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

The economic playing field is not level.

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

Rapid economic growth brought about stress on the human organism, even though by conventional measures the standard of living was increasing.

On the Significance of Anthropometric History (1994)

With [incomplete or] assymetric information [and that's practically always the case]... Stiglitz and Greenwald proved... markets are inefficient, and that should be the default model.

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

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Quote text and notes from Wikiquote: John Komlos (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.