Blackboard economists said that globalization would be good for Americans. ...It had a few winners and... many losers. ...It ...led to an epidemic of Deaths of Despair in which so much was destroyed in America. Hyper-globalization destroyed... neighborhoods and cities and everything in the Rust Belt... It was like an atomic bomb hit... Alcohol poisoning, drug overdoses accelerated... the destruction of human lives.
John Komlos Connected to the Carolinas
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No citation is recorded for this quotation.
- work
- A Progressive View on the Need for a Paradigm Shift in Economics (Dec 2020)
- year
- 2020
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“Blackboard economists said that globalization would be good …” John Komlos. Carolina Quotes, record CQ-ED21D56ECF. https://carolinaquotes.com/quote/ed21d56ecf
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Although a positive correlation between height and income has been amply documented... the correspondence has been found to be less than perfect... Thus some caveats are in order, because the distribution of income has also been found to affect the mean stature... and... the mix of calorie and protein intake matters to the growth process.
Most of the models pertain to perfect competition. Forget about it! The default model should be oligopoly or monopoly.
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