[I]f we're not able to shift our paradigms, if we are stuck in the Arrow–Debreu world, then we're going to become the neoserfs of the oligarchs. Just… - John Komlos
" "[I]f we're not able to shift our paradigms, if we are stuck in the Arrow–Debreu world, then we're going to become the neoserfs of the oligarchs. Just like Aldous Huxley predicted in his novel, a Brave New World
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About John Komlos
(born 28 December 1944) is an American economic historian of Hungarian descent and former holder of the chair of economic history at the University of Munich.
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People who are cheaters, swindlers who can take advantage, especially of poor people... [who] do not have the education... the information. They cannot afford to buy the information so they get the short end of the stick... [O]pportunistic behavior is a big problem in the economy, and economists are not paying... attention...
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