Economists disregard the... crucial result that people can be conditioned and... corporations can take advantage of that. - John Komlos

The importance of is accentuated by the debate over the course of the material standard of living during the early phases of the industrial revolution, when food consumption still accounted for as much as three-fourths of total income among the laboring classes, even in the most advanced European societies.

[T]he current system depends too much on luck. If you choose your parents right and you live in a decent neighborhood, you can grow up and become a productive member of the society... and John Rawls argues that... [luck] cannot be the basis of a just society.

[W]ith 250 years of growth... we... have 78% of the US workers living from paycheck to paycheck. No savings. ...40% of adults do not have $400 for an emergency expense.