---
title: "2 Economics Science Quotes By Ha-Joon Chang"
description: "2 Economics Science quotes by Ha-Joon Chang. Plus more from Ha-Joon Chang and more Economics Science sayings from other authors."
image: "https://sms4smile.com/quotes/i/822/ha-joon-chang-3497_economics_recognizing-that-the-boundaries-of-the-m_694344.jpg"
---

> [“Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics is not a science like physics or chemistry, but a political exercise. Free-market economists may want you to…](https://sms4smile.com/quotes/ha-joon-chang/recognizing-that-the-boundaries-of-the-market-are-ambiguous-and/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

[Image](https://sms4smile.com/quotes/i/822/ha-joon-chang-3497_economics_recognizing-that-the-boundaries-of-the-m_694344.jpg)

> [Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which make it impossible to prove them right or wrong in the way we can with theories…](https://sms4smile.com/quotes/ha-joon-chang/contrary-to-what-professional-economists-will-typically-tell-you/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

[Image](https://sms4smile.com/quotes/i/7bc/ha-joon-chang-3497_assumptions_contrary-to-what-professional-economists_2310492.png)

## More by Ha-Joon Chang

> [“In no country does the average income give the right picture of how people live but in a country with higher inequality it is…](https://sms4smile.com/quotes/ha-joon-chang/in-no-country-does-the-average-income-give-the-right-picture-of-how/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [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…](https://sms4smile.com/quotes/ha-joon-chang/sometimes-people-with-strong-ideology-whether-left-wing-or-right-wing/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying…](https://sms4smile.com/quotes/ha-joon-chang/every-market-has-some-rules-and-boundaries-that-restrict-freedom-of/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [Indeed, willingness to challenge professional economists and other experts is a foundation stone of democracy. If all we have to do is to listen…](https://sms4smile.com/quotes/ha-joon-chang/indeed-willingness-to-challenge-professional-economists-and-other/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [If we are really serious about preventing another crisis like the 2008 meltdown we should simply ban complex financial instruments, unless they can be…](https://sms4smile.com/quotes/ha-joon-chang/if-we-are-really-serious-about-preventing-another-crisis-like-the/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [“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…](https://sms4smile.com/quotes/ha-joon-chang/harry-s-truman-in-his-typical-no-nonsense-style-once-said-that-an/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [Rational thinking is an important aspect of human nature, but we have imagination, we have ambition, we have irrational fear, we are swayed by…](https://sms4smile.com/quotes/ha-joon-chang/rational-thinking-is-an-important-aspect-of-human-nature-but-we-have/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [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…](https://sms4smile.com/quotes/ha-joon-chang/the-history-of-capitalism-has-been-so-totally-re-written-that-many/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.](https://sms4smile.com/quotes/ha-joon-chang/equality-of-opportunity-is-meaningless-for-those-who-do-not-have-the/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided to stand to get…](https://sms4smile.com/quotes/ha-joon-chang/the-higher-education-system-in-these-countries-us-korea-etc-has/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [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…](https://sms4smile.com/quotes/ha-joon-chang/what-free-market-economists-are-not-telling-us-is-that-the-politics/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [ “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… ](https://sms4smile.com/quotes/ha-joon-chang/joseph-schumpeter-emphasized-that-all-analysis-in-economics-is/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [“All technical professionals have an incentive to make themselves look more complicated than they are so that they can justify the high fees their…](https://sms4smile.com/quotes/ha-joon-chang/all-technical-professionals-have-an-incentive-to-make-themselves-look/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [I'm not an anti-capitalist, or anarchist. I want capitalism to work.](https://sms4smile.com/quotes/ha-joon-chang/i-m-not-an-anti-capitalist-or-anarchist-i-want-capitalism-to-work/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

> [“all technical professions have an incentive to make themselves look more complicated than they really are so that they can justify the high fees…](https://sms4smile.com/quotes/ha-joon-chang/all-technical-professions-have-an-incentive-to-make-themselves-look/)

[Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/)

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