John Komlos

"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."

"[I]f were not able to shift our paradigms, if we are stuck in the Arrow–Debreu world, then were going to become the neoserfs of the oligarchs. Just like Aldous Huxley predicted in his novel, a Brave New World"

"[C]hildren who are attending dysfunctional schools in dysfunctional neighborhoods, people... unable to catch their bearings in... the IT revolution and globalization, the working poor... trapped in a culture of poverty... ought not be treated like machines without feelings."

"Greenspan... out of hand and cold-bloodedly thwarted [warnings of , , Raghuram Rajan, Nouriel Roubini, Peter Schiff, Robert Shiller, Joseph Stiglitz, Nassim Taleb, John Taylor, and] s valiant efforts to regulate derivatives a decade before the meltdown."

"The ideological commitment to "," ...has brought us to our current, precarious situation."

"I consider my views to be progressive, democratic, and humanitarian. ...[W]e could restructure the economy ...to improve our lives by focusing on increasing our life satisfaction instead of on income growth."

"I hope the present volume can... improve the teaching of economics by presenting a real-world perspective as opposed to the fantasy world of mainstream textbooks."

"Pain... plays a major role in my thinking. I advocate its minimization."

"[E]conomics—despite the extensive use of mathematics—will not be a rigorous discipline until it is based... on verifiable empirical evidence."

"[I]deology is unavoidable in economics because... [of] values and an organizing system of thought... preconceived notions of how the world works. This is unavoidable."

"[E]conomics cannot be purged of ideology..."

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