Carolina QuotesGeorge Akerlof, Kenneth Arrow, Daniel Kahneman, Paul Krugman, Thomas Schelling, Herbert Simon, Robert Shiller, Joseph Stiglitz, Richard Thaler, and Oliver Williamson... these Nobel Prize winning economists... are usually excluded from mainstream Econ 101 textbooks or relegated to obscure footnotes. ...[I]ntroductory textbooks hype a free-market utopia ...Hence ...do not help to understand the essentials of the real existing market economies... Rather, they present a caricature at a level of abstraction that creates a fantasy world and distorts the student's vision... [A] stereotype that markets are efficient... automatically leading to a blissful life, and they continue to sing the praises... keeping any demurrals muted.
John Komlos Connected to the Carolinas
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No citation is recorded for this quotation.
- work
- Foundations of Real-World Economics (2019)
- year
- 2019
no citation recorded
Cite this record
“George Akerlof, Kenneth Arrow, Daniel Kahneman, Paul Krugman…” John Komlos. Carolina Quotes, record CQ-71658A1543. https://carolinaquotes.com/quote/71658a1543
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