John Komlos – Author of “Foundations of Real-World Economics: What Every Economics Student Needs to Know”

Redefining Economic Justice: Perspectives from John Komlos

Mike interviews John Komlos.

In this episode, we witnessed a riveting conversation between John Komlos, delving into the heart of real-world economics. With Komlos’s enlightening book, “Foundations of Real-World Economics: What Every Economics Student Needs to Know,” as the focal point, the dialogue took us on an eye-opening journey through the complexities of economic theory, inequality and the pressing issues facing our society today.


Right off the bat, Komlos boldly emphasized the need for a fairer taxation system, mainly targeting the wealthy. He articulated the necessity of increasing government revenue to foster a society that works for everyone, challenging the status quo of corporate tax rates and advocating for a more equitable distribution of wealth.

The conversation then seamlessly transitioned into a thought-provoking discourse on talent and reward. Komlos skillfully dissected the idea that individuals are born with innate abilities and questioned the fairness of rewarding those talents without considering the role of effort and societal factors. Through engaging examples and anecdotes, he highlighted the inherent disparities in opportunity and access that shape our economic landscape.

Komlos navigated through the stories of iconic figures like Mark Zuckerberg and Elon Musk, offering nuanced perspectives on their contributions to society and the broader implications of wealth accumulation. While acknowledging their achievements, Komlos challenged the notion of meritocracy and underscored the systemic inequalities perpetuating privilege and power.

One of the most compelling moments came when the conversation turned to inflation. Drawing from economic theory and real-world examples, Komlos dissected the root causes of inflation and critiqued the prevailing monetary policies exacerbating economic disparities. His insights shed light on the intricacies of fiscal policy and the need for a more balanced approach to financial management.

Throughout the episode, Komlos’s expertise shone through as he seamlessly blended academic rigour with real-world relevance. His passion for economic justice and social equity resonated deeply, sparking introspection and dialogue on our society’s pressing issues.

Mike Fallat and John Komlos talk about the book Foundations of Real-World Economics: What Every Economics Student Needs to Know.

In the spirit of intellectual curiosity and critical inquiry, Komlos recommended Joseph Stiglitz’s work as essential reading for anyone seeking to deepen their understanding of inequality and economic policy. His endorsement of Stiglitz underscored the importance of engaging with diverse perspectives and challenging conventional wisdom to pursue a more just and equitable society.

The conversation with John Komlos was a captivating exploration of real-world economics, offering valuable insights and perspectives on the complexities of our economic system. Through Komlos’s expertise and probing questions, viewers were treated to a thought-provoking discussion that transcended academic boundaries and resonated deeply with the realities of our world today.

As we reflect on the insights shared in this episode, let us embrace the call to action for a fairer, more inclusive economic system that prioritizes the well-being of all individuals and fosters shared prosperity for generations to come. So, dive into the world of real-world economics with John Komlos and join the conversation on building a more just and equitable future for all.

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About Mike Fallat

Mike Fallat, aka The BookMan, is the owner of Dreamstarters Publishing and the Million Dollar Book Agency. They have helped 300+ entrepreneurs become bestselling authors. His goal is to help 1,000 entrepreneurs publish books and teach them how to use their books as a gateway to generating 7-figures.

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About Dreamstarters Publishing

Dreamstarters Publishing offers ghostwriting, cover design, and everything that is required to take an idea to a finished book (kindle, paperback, hardcover, and audiobook).

The Million Dollar Book Agency is the ultimate marketing CRM system for author-preneurs. Services include automated funnels, lead generation campaigns, book fulfillment, podcast management, press releases, virtual assistants, course development, and more.

Mike also hosts a podcast known as Million Dollar Stories and runs a membership-based site known as Million Dollar Circle. In addition to owning the book business, he invests in self storage real estate.

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