Carolina Quotes[J]ustice is as important as efficiency.
John Komlos Connected to the Carolinas
Source
No citation is recorded for this quotation.
- work
- A Progressive View on the Need for a Paradigm Shift in Economics (Dec 2020)
- year
- 2020
no citation recorded
Cite this record
“[J]ustice is as important as efficiency.” John Komlos. Carolina Quotes, record CQ-0F8FA73E10. https://carolinaquotes.com/quote/0f8fa73e10
More from John Komlos
Usually the relationship between the true unemployment rate and the official unemployment rate is 2:1.
[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 price elasticity of demand for meat was much greater than that of grains.
[F]ree markets, being a human invention, often become dysfunctional; they do not deserve our blind faith.