Deregulation was supposed to make the economy more efficient... but instead it led to the financial crisis... and Blackboard Economists did not even … - John Komlos

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Deregulation was supposed to make the economy more efficient... but instead it led to the financial crisis... and Blackboard Economists did not even see the crisis coming when it was around the corner.

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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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[N]utritional advantages of the were quite pronounced by the early eighteenth century. Thereafter, the height of the American population was above European norms until the mid-twentieth century, confirming the extent to which the new... environment was favorable from a human biological point of view.

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People are not rational. Mainstream economics is pre-Freudian... because they don't think about the subconscious mind. Daniel Kahneman... has proven that rationality is impossible for mortals, human beings [with finite minds]... We're not superhuman.

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