"Economics should be defined in terms of what……" — Ha-Joon Chang
"Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry."
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Ha-Joon Chang
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51 Quotes by Ha-Joon Chang
Ha-Joon Chang has 51 quotes on this site.
A few more worth reading:
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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…
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In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than…
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95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if…
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[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in…
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Self-interest, to be sure, is one of the most important, but we have many other motives - honesty, self-respect, altruism,…
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There is no such thing as a free market.
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To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms.
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Rational thinking is an important aspect of human nature, but we have imagination, we have ambition, we have irrational fear,…
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The invention of the printing press was one of the most important events in human history.
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If we are really serious about preventing another crisis like the 2008 meltdown we should simply ban complex financial instruments,…
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Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as…
See all 51 quotes by Ha-Joon Chang »
More Conducts Quotes
This quote is filed under Conducts Quotes,
one of 28 quotes in that category. Here are a few more:
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In full accordance with the law - and in order to prevent terrorist attacks on the United States and to…
— John O. Brennan
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I have always thought you could take the measure of a man by his sports manners - that is to…
— Graydon Carter
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When considering the stature of an athlete or for that matter any person, I set great store in certain qualities…
— Donald Bradman
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Thus the skilful general conducts his army just as though he were leading a single man, willy-nilly, by the hand.
— Sun Tzu
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Hope is the last thing that dies in man; and though it be exceedingly deceitful, yet it is of this…
— Francois de La Rochefoucauld
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The human brain is the most public organ on the face of the earth, open to everything, sending out messages…
— Lewis Thomas
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The professional conducts his business in the real world. Adversity, injustice, bad hops and rotten calls, even good breaks and…
— Steven Pressfield
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Anyone who composes and conducts at the same time is immediately suspect, because he must be faking one or the…
— Esa-Pekka Salonen
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Modern research divides nature into tiny pieces and conducts tests that conform neither with natural law nor with practical experience.…
— Masanobu Fukuoka
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In practice, without appropriate government intervention, Smith's "invisible hand" dons brass knuckles and conducts gang warfare, creating fierce battles between…
— Denise Caruso
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If a certain country conducts uranium-related activities in a certain plant, the bombing of that plant is forbidden. If such…
— Gholam Reza Aghazadeh
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We shall use the terms morality, behavior, conduct, or constructive action in the same broad way. It may sound strange…
— Unknown Author
See all 28 Conducts Quotes »