[H]ousing prices had doubled by 2005 in 10 years time, whic… - John Komlos

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[H]ousing prices had doubled by 2005 in 10 years time, which would have made sense if incomes had also increased substantially, but they didn't.

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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Originators like John Komlos:

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

Additional quotes by John Komlos

[P]er-capita income can be an ambiguous measure of welfare during the early stages of economic development unless it moves in the same direction as the biological standard of living...

[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.

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

[H]ousing prices had doubled by 2005 in 10 years time, which would have made sense if incomes had also increased substantially, but they didn't. - John Komlos

About John Komlos

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