Ha-Joon Chang
Ha-Joon Chang
Ha-Joon Changis a South Korean institutional economist specialising in development economics. Currently a reader in the Political Economy of Development at the University of Cambridge, Chang is the author of several widely discussed policy books, most notably Kicking Away the Ladder: Development Strategy in Historical Perspective. Chang was ranked by Prospect magazine as one of the top 20 World Thinkers in 2013...
NationalitySouth Korean
ProfessionEconomist
Date of Birth7 October 1963
capitalist-economy justice goal
Between the Great Depression and the 1970s, private business was viewed with suspicion even in most capitalist economies. Businesses were, so the story goes, seen as anti-social agents whose profit-seeking needed to be restrained for other, supposedly loftier, goals, such as justice, social harmony, protection of the weak and even national glory.
important prosperity manufacturing
Manufacturing is the most important ... route to prosperity.
growth top-10 population
The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent.
loyalty honesty self
Self-interest, to be sure, is one of the most important, but we have many other motives - honesty, self-respect, altruism, love, sympathy, faith, sense of duty, solidarity, loyalty, public-spiritedness, patriotism, and so on - that are sometimes even more important than self-seeking as the driver of our behaviors.
free-market
There is no such thing as a free market.
economic form worst
To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms.
quality use economics
In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.
important-events printing invention
The invention of the printing press was one of the most important events in human history.
needs financial financial-markets
Financial markets need to become less, not more, efficient.
choices looks failing
The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.
democracy doe free-market
Democracy is acceptable to neo-liberals only in so far as it does not contradict the free market.
development culture economic
Culture changes with economic development.
arguing logical bigs
There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.
machines world internet
The washing machine changed the world more than the Internet.