means that many processes are non-reversible... Poor people… - John Komlos

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means that many processes are non-reversible... Poor people who go to poor schools... can't get into college and their whole life course is messed up...

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

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Wealth is... political power... and that's how we got from a democracy, to an oligarchy, to a plutocracy. Economists forgot completely about the need for countervailing power... and the oligarchs have taken over...

[E]conomics ought to aspire to... a just society... in which compassion is as important as efficiency, if not more so.

[M]ainstream economics is fundamentally flawed [and] ignores the elephant in the room, which is the real existing economy.

means that many processes are non-reversible... Poor people who go to poor schools... can't get into college and their whole life course is messed up… - John Komlos

About John Komlos

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