[A]cademics and politicians continue to sing the praises of… - John Komlos

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[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.

John Komlos

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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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Ha-Joon Chang Joseph E. Stiglitz Kate Raworth Paul Krugman Friedrich Hayek

Additional quotes by John Komlos

[Imperfect information is ubiquitous.] People with more [or better] information can take advantage of people with less information, so exploitation becomes a real possibility.

Greenspan... out of hand and cold-bloodedly thwarted [warnings of , , Raghuram Rajan, Nouriel Roubini, Peter Schiff, Robert Shiller, Joseph Stiglitz, Nassim Taleb, John Taylor, and] 's valiant efforts to regulate derivatives a decade before the meltdown.

The economic playing field is not level.

[A]cademics and politicians continue to sing the praises of abstract markets as if... descended... from heaven while maintaining... silence about the… - John Komlos

About John Komlos

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