Ha-Joon Chang Quotes


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.


Citations

Chang, Ha-Joon. 23 Things They Don't Tell You About Capitalism. Bloomsbury Press, 2010, p. 30.

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Ha-Joon Chang
Ha-Joon Chang
  • Born: October 7, 1963
  • Nationality: South Korean
  • Profession: Economist

Ha-Joon Chang is a South Korean institutional economist, specialising in development economics. Currently he is 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 (2002). In 2013, Prospect magazine ranked Chang as one of the top 20 World Thinkers.