John Komlos Quotes

Although a positive correlation between height and income has been amply documented... the correspondence has been found to be less than perfect... Thus some caveats are in order, because the distribution of income has also been found to affect the mean stature... and... the mix of calorie and intake matters to the growth process.

IQ, intelligence quotient is normally distributed. ...The smart can take advantage of those with low IQ. That's not going to be the basis of a good economy and a good democracy if if people take advantage of one another. ...That's especially true of an educational system that is mediocre for a goodly portion of the population.

[W]e should begin... economic analysis with empirical evidence instead rather than on ivory-tower theorizing.

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

[A]cademics and politicians continue to sing the praises of abstract markets as if... descended... from heaven while maintaining... silence about the fact that without government help, countless... corporations would have landed in the dustbin of history.

Capitalism with a human face would require the elimination of poverty... the reduction of inequality... the establishment of real true... ... a less stressful life. ...Economists disregard stress.

The economic playing field is not level.

People are not rational. Mainstream economics is pre-Freudian... because they don't think about the subconscious mind. Daniel Kahneman... has proven that rationality is impossible for mortals, human beings [with finite minds]... We're not superhuman.

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

[A] more unequal distribution in income will have a negative effect on the mean height of a population.

[C]hildren who are attending dysfunctional schools in dysfunctional neighborhoods, people... unable to catch their bearings in... the IT revolution and globalization, the working poor... trapped in a culture of poverty... ought not be treated like machines without feelings.

[M]uch work remains to be done before we have even a complete of Europe and America. ...The contributions to this volume testify to the fact that much has already been accomplished. ...It is important that the research continue, inasmuch as it promises to illuminate a large number of problems.

[E]conomics ought to aspire to... a just society... in which compassion is as important as efficiency, if not more so.

The purpose of any economic system ought not to be growth for its own sake, but the efficient allocation of resources. Foremost... the provision of a decent life in which output is distributed equitably, people do not need to struggle to meet their basic needs... and... realize their human potential. This means... sufficient leisure time to participate in... social, cultural, and political life.

Friedrich Hayek made a tremendous mistake in arguing that The Road to Serfdom leads through tyrannical governments... because there are multiple roads to serfdom... [A]nother... leads through the tyranny of oligarchs.