Foundations of Real-World Economics: What Every Economics Student Needs to Know - Paperback

by John Komlos (Author)

Foundations of Real-World Economics demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. This edition explores the realities of oligopolies, the real impact of the minimum wage and other ways in which powerful institutions cause distortions in mainstream models

Author Biography

John Komlos is Professor Emeritus of Economics and of Economic History at the University of Munich, Germany. He has also taught at universities such as Harvard, Duke, UNC-Chapel Hill, the University of Vienna, and the Vienna School of Economics and Business. In 2003, Komlos founded the field of Economics & Human Biology with the journal of the same name, and through his research realized the limitations of conventional economic theory and has been an ardent advocate of humanistic economics.