Carolina Quotes[W]e should begin... economic analysis with empirical evidence instead rather than on ivory-tower theorizing.
John Komlos Connected to the Carolinas
Source
No citation is recorded for this quotation.
- work
- Foundations of Real-World Economics (2019)
- year
- 2019
no citation recorded
Cite this record
“[W]e should begin... economic analysis with empirical eviden…” John Komlos. Carolina Quotes, record CQ-6FF2849912. https://carolinaquotes.com/quote/6ff2849912
More from John Komlos
Most of the models pertain to perfect competition. Forget about it! The default model should be oligopoly or monopoly.
With [incomplete or] assymetric information [and that's practically always the case]... Stiglitz and Greenwald proved... markets are inefficient, and that should be the default model.
Path dependence means that many processes are non-reversible... Poor people who go to poor schools... can't get into college and their whole life course is messed up...