[H]umanistic economics advocates a creation of a capitalism… - John Komlos

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[H]umanistic economics advocates a creation of a capitalism with a human face. That requires a paradigm shift... away from a rat race, [away from] a social Darwinistic economy with a few winners and many losers.

John Komlos

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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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Ha-Joon Chang Joseph E. Stiglitz Kate Raworth Paul Krugman Friedrich Hayek

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[T]eachers of economics should admit... that while markets do well in some circumstances they only do so within an appropriate institutional framework and... in others... [they] often tip the stream of benefits toward a few insiders.

The new normal is what I call Bailout capitalism because Ben Bernanke put a lot of money [creation of $trillions by the Federal Reserve] into the financial sector.

[W]e should begin... economic analysis with empirical evidence instead rather than on ivory-tower theorizing.

[H]umanistic economics advocates a creation of a capitalism with a human face. That requires a paradigm shift... away from a rat race, [away from] a … - John Komlos

About John Komlos

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