[F]our economists have received Nobel Prizes for Behavioral economics... [T]hat should be the default model. ...Forget about rationality. That's a si… - John Komlos

I am advocating... a new paradigm of humanistic Rawlsian economics which puts human beings at the center... and not income, not growth, not GNP...

[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...

The importance of is accentuated by the debate over the course of the material standard of living during the early phases of the industrial revolution, when food consumption still accounted for as much as three-fourths of total income among the laboring classes, even in the most advanced European societies.