Quote
"[J]ustice is as important as efficiency."
"[W]e should begin... economic analysis with empirical evidence instead rather than on ivory-tower theorizing."

John Komlos is an American economic historian of Hungarian descent and former holder of the chair of economic history at LMU Munich.
"[J]ustice is as important as efficiency."
"[I]n Europe the quantity of land under cultivation could be expanded only slowly; therefore, population growth ran again into Malthusian ceilings in the eighteenth century. The subsequent rise in food prices led to a decline in consumption, particularly of meat, because the for meat was much greater than that of grains."
"[T]here are better ways to measure progress than in terms of money."
"Today 21% of [total] annual income goes to 1% of households. ...That cannot be the basis of a good democracy."
"[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 economic playing field is not level."