Most of the models pertain to perfect competition. Forget about it! The default model should be or monopoly. - John Komlos

[O]ur starting point should not be Adam Smith's Wealth of Nations, but his Theory of Moral Sentiments... that we possess an innate empathy toward our fellow human beings. Morality and ethical principles... We ought not expunge these from the economics canon.

The growth-at-any-price perspective does not consider... distribution: economic growth will not help the destitute, the uneducated underclass, or the majority of those... unemployed.

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.