Low inflation and government prudence may be harmful for economic development. — Ha-Joon Chang Copy Share Image
The foundation of economic development is the acquisition of more productive knowledge. — Ha-Joon Chang Copy Share Image
The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction. — Ha-Joon Chang Copy Share Image
It's not just about the current economic environment. History shows that slashing budgets always leads to recession. — Ha-Joon Chang Copy Share Image
To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms. — Ha-Joon Chang Copy Share Image
What free-market economists are not telling us is that the politics they want to get rid of are none other than those… — Ha-Joon Chang Copy Share Image
Imagine if all those kings and dukes hadn't commissioned those crazy cathedrals, paintings and music... we'd still be living in sticks and… — Ha-Joon Chang Copy Share Image
To put it bluntly, there isn't one economic theory that can single-handedly explain Singapore's success; its economy combines extreme features of capitalism… — Ha-Joon Chang Copy Share Image
Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical… — Ha-Joon Chang Copy Share Image
Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'.… — Ha-Joon Chang Copy Share Image
A lot of things that we cannot buy and sell in markets used to be totally legal objects of market exchange -… — Ha-Joon Chang Copy Share Image
Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under… — Ha-Joon Chang Copy Share Image
“In no country does the average income give the right picture of how people live but in a country with higher inequality it is… — Ha-Joon Chang Copy Share Image
Sometimes people with strong ideology, whether left-wing or right-wing, refuse to do something simply because they believe it is wrong, when doing it actually… — Ha-Joon Chang Copy Share Image
Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying… — Ha-Joon Chang Copy Share Image
Indeed, willingness to challenge professional economists and other experts is a foundation stone of democracy. If all we have to do is to listen… — Ha-Joon Chang Copy Share Image
If we are really serious about preventing another crisis like the 2008 meltdown we should simply ban complex financial instruments, unless they can be… — Ha-Joon Chang Copy Share Image
“Harry S. Truman, in his typical no-nonsense style, once said that ‘An expert is someone who doesn’t want to learn anything new, because then… — Ha-Joon Chang Copy Share Image
Rational thinking is an important aspect of human nature, but we have imagination, we have ambition, we have irrational fear, we are swayed by… — Ha-Joon Chang Copy Share Image
The history of capitalism has been so totally re-written that many people in the rich world do not perceive the historical double standards involved… — Ha-Joon Chang Copy Share Image
Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it. — Ha-Joon Chang Copy Share Image
The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided to stand to get… — Ha-Joon Chang Copy Share Image
What free-market economists are not telling us is that the politics they want to get rid of are none other than those of democracy… — Ha-Joon Chang Copy Share Image
“Joseph Schumpeter emphasized that all analysis in economics is preceded by a pre-analytical cognitive act, called vision, in which the analyst ‘visualise[s] a distinct… — Ha-Joon Chang Copy Share Image
![“Joseph Schumpeter emphasized that all analysis in economics is preceded by a pre-analytical cognitive act, called vision, in which the analyst ‘visualise[s] a distinct set of coherent phenomena as a worth-while object of [his] analytic efforts’. He pointed out that ‘this vision is ideological…” quote by Ha-Joon Chang](https://sms4smile.com/quotes/img-quotes/828/ha-joon-chang-3497_dreams_joseph-schumpeter-emphasized-that-all-an_438236.jpg)