Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept… — Ha-Joon Chang Copy Share Image
“Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics… — Ha-Joon Chang Copy Share Image
The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market looks free only… — Ha-Joon Chang Copy Share Image
It is time that we dispensed with the myth that the market is a force of nature that should not be meddled… — Ha-Joon Chang Copy Share Image
The truth is that the free movement of goods, people, and money that developed under British hegemony between 1870 and 1913 -… — Ha-Joon Chang Copy Share Image
Corruption often exists because there are too many market forces, not too few. — Ha-Joon Chang Copy Share Image
The widely accepted assertion that, only if you let markets be will everyone be paid correctly and thus fairly, according to his… — Ha-Joon Chang Copy Share Image
Markets are, in the end, man-made devices for utilitarian purposes, not a force of nature that we should not try to resist.… — 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
Corruption exists because there is too much, not too little, market. — Ha-Joon Chang Copy Share Image
Basically, the myth is that America has been founded on the free market; the government has done very little; it has thrived… — Ha-Joon Chang Copy Share Image
It is impossible to objectively define how free a market is. This is a political definition. Government is always involved, and those… — Ha-Joon Chang Copy Share Image
“Markets weed out inefficient practices, but only when no one has sufficient power to manipulate them.” — 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
Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to… — Ha-Joon Chang Copy Share Image
The economy is much bigger than the market. We will not be able to build a good economy - nor a good… — 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
I am one of the most successful economists, according to what markets tell us, though most of my professional colleagues, who are… — 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
