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[M]arkets were not made in heaven... and they are helping the privileged, as they are constituted today. - John Komlos
" "[M]arkets were not made in heaven... and they are helping the privileged, as they are constituted today.
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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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The divergence in the trend of biological and conventional indicators of well-being can be explained... [R]apid population growth and... urbanization... increased demand for food at a time when the agricultural labor force grew more slowly than the industrial... and the gains in labor productivity in agriculture... were lagging... Hence food prices rose relative to... other goods. ...Thus while the real wage might actually rise, it often did not rise as fast as food prices...
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Being isolated from markets... had its advantages as long as the population density did not exceed the carrying capacity of the land, because subsistence peasants/farmers had little choice but to consume all of their own food output. Once they became integrated... they had to compete with other segments of the population for food, which tended to impinge on their nutritional intake...
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