"The widely accepted assertion that, only if you……" — Ha-Joon Chang
"The widely accepted assertion that, only if you let markets be will everyone be paid correctly and thus fairly, according to his worth, is a myth. Only when we part with this myth and grasp the political nature of the market and the collective nature of individual productivity will we be able to build a more just society in which historical legacies and collective actions, and not just individual talents and efforts, are properly taken into account in deciding how to reward people."
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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 »
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