Foundations of Real-World Economics explained

Foundations of Real‑World Economics
Author:	John Komlos
Isbn:	1351584715
Genre:	Economics
Publisher:	Routledge a subsidiery of Taylor and Francis
Published:	2019
Pages:	306

Foundations of Real-World Economics: What Every Economics Student Needs to Know is a 2019 book by John Komlos^[1] in which the author argues that the turbulence of the 21st century, including the Dot-Com bubble, the 2008 financial crisis, the rise of right-wing populism, covid-pandemic, and numerous wars, cannot be adequately understood with conventional 20th-century economic thinking.^[2] ^[3] ^[4] ^[5]

Content

The book is critical of cutting taxes and diminishing the size of government. The book is also critical of support for deregulation that the author argues culminated in the Meltdown of 2008. The book is also critical of globalization.^[6] ^[7]

The text asserts that the modern global economy is a collection of oligopolies more than a competitive market framework.^[8] ^[9]

The book draws exclusively from prominent left-wing economic thinkers such as Kahneman on behavioral economics, Galbraith on the need for countervailing power, Case & Deaton on deaths of despair, Minsky on financial instability, Krugman on new trade theory, Rawls on justice, Stiglitz on the hollowing out of the middle class, Simon on bounded rationality, and Veblen on conspicuous consumption.^[10]

The book has been translated into several languages, including: Russian, German, Hungarian, Romanian, and Chinese.^[11] ^[12] ^[13] ^[14] ^[15]

References

Web site: John Komlos, "Foundations of Real-World Economics: What Every… . 2022-05-15 . New Books Network.
Blackford . George H . 2019-06-01 . The Foundations of Real-World Economics: What Every Student Needs to Know . Contributions to Political Economy . 38 . 1 . 98–99 . 10.1093/cpe/bzz005 . 0277-5921.
Web site: Foundations of Real-World Economics VOXLACEA . 2022-05-15 . vox.lacea.org.
Web site: 2015-10-19 . 15 Things That Markets Must Deal with to Work as the Textbooks Say They Do. . 2022-05-15 . Evonomics.
Web site: Magyar származású közgazdász írta meg az emberarcú kapitalizmus krédóját Mandiner . 2022-05-15 . mandiner.hu . hu.
Tomer . John F. . 2020-03-01 . Foundations of Real-World Economics: What Every Economics Student Needs to Know Routledge . Society and Economy. 42 . 1 . 98–104 . 10.1556/204.2020.00006 . 219057388 . 1588-9726. free .
Foster . John . December 2019 . Foundations of Real‐World Economics: What Every Student Needs to Know, 2nd edn, by JohnKomlos (Routledge, New York, 2019), pp. 306. . Economic Record . 95 . 311 . 514–516 . 10.1111/1475-4932.12514 . 212955693 . 0013-0249.
Burnazoglu . Merve . Ostermeijer . Francis . 2020-04-02 . Rethinking what every economics student needs to know . Journal of Economic Methodology . 27 . 2 . 179–184 . 10.1080/1350178X.2020.1729530 . 214451797 . 1350-178X. free .
Coclanis . Peter A. . 2020-01-02 . Not His Kind of Town . Challenge . 63 . 1 . 52–57 . 10.1080/05775132.2019.1693031 . 213901622 . 0577-5132.
News: Opinion It's time we tear up our economics textbooks and start over. Washington Post . 2022-05-15 . 0190-8286.
Web site: Джон Комлос. Что должен знать каждый, кто изучает экономику, и о чем не написано в обычных учебниках : монография / Джон Комлос ; науч. ред. российского издания С.Д. Бодрунов. . 2022-05-15 . inir.ru.
Web site: John Komlos: Ökonomisches Denken nach dem Crash . 2022-10-24 . www.metropolis-verlag.de.
Web site: 2021-10-03 . Őszintén a kapitalizmusról . 2022-05-15 . Új Egyenlőség . hu.
Book: Komlos, John . Principiile economiei într-o lume postcriză . Editura Centrului de Informare şi Documentare Economică . 2019 . 978-973-159-230-5 . Romania . ro.
Web site: 《重新认识经济学：真实世界的经济学基础（不要模型、抛弃幻想、回归人性，给经济学以温度！极具创新性的经济学书！）》([德] 约翰·科姆洛什（John Komlos）)【简介_书评_在线阅读】 - 当当图书 ]. 2022-10-24 . product.dangdang.com.