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George Akerlof, Kenneth Arrow, Daniel Kahneman, Paul Krugman, Thomas Schelling, Herbert Simon, Robert Shiller, Joseph Stiglitz, , and Oliver Williams… - John Komlos
" "George Akerlof, Kenneth Arrow, Daniel Kahneman, Paul Krugman, Thomas Schelling, Herbert Simon, Robert Shiller, Joseph Stiglitz, , and Oliver Williamson... these Nobel Prize winning economists... are usually excluded from mainstream Econ 101 textbooks or relegated to obscure footnotes. ...[I]ntroductory textbooks hype a free-market utopia ...Hence ...do not help to understand the essentials of the real existing market economies... Rather, they present a caricature at a level of abstraction that creates a fantasy world and distorts the student's vision... [A] stereotype that markets are efficient... automatically leading to a blissful life, and they continue to sing the praises... keeping any demurrals muted.
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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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