With [incomplete or] assymetric information [and that's practically always the case]... Stiglitz and Greenwald proved... markets are inefficient, and… - John Komlos

[E]conomics—despite the extensive use of mathematics—will not be a rigorous discipline until it is based... on verifiable empirical evidence.

[H]umanistic economics advocates a creation of a capitalism with a human face. That requires a paradigm shift... away from a rat race, [away from] a social Darwinistic economy with a few winners and many losers.

In the United States, beginning with the birth cohorts of the 1830s, adult male stature declined, by more than two centimeters. Men appear to have been quite underweight... an average... of 126 pounds... in their late teen-age years, even though... the economy was expanding rapidly... (between 1840 and 1870, per capita net national product increased by more than 40%). In the Hapsburg Monarchy, the decline in stature during the second half of the eighteenth century was between three and five centimeters. A similar pattern was found for industrializing Montreal. The birth weight of infants there fell after the 1870s, indicating that the nutritional status of mothers was declining.