About Quote by 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 benefits them. For some people, it's not just about money and political power.”

Ha-Joon Chang

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Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying…

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Indeed, willingness to challenge professional economists and other experts is a foundation stone of democracy. If all we have to do is to listen…

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If we are really serious about preventing another crisis like the 2008 meltdown we should simply ban complex financial instruments, unless they can be…

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“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…

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Rational thinking is an important aspect of human nature, but we have imagination, we have ambition, we have irrational fear, we are swayed by…

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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…

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Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.

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The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided to stand to get…

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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…

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“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…

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“All technical professionals have an incentive to make themselves look more complicated than they are so that they can justify the high fees their…

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