Ha-Joon Chang Quotes About 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.
→ -
Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.
→ -
95% of Economics is common sense deliberately made complicated.
→ -
The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided to stand to get a better view, promoting the others behind them to stand. Once enough people stand, everyone has to stand, which means no one is getting a better view, while everyone has become more uncomfortable.
→ -
Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.
→ -
95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical details, can be explained in plain terms.
→
Related Authors
-
Steve Keen Economist -
Friedrich List Economist -
Jonas Jonasson Journalist -
Thomas Piketty Economist -
Dani Rodrik Economist -
David Harvey Professor -
Paul Collier Professor -
Michael Sandel Philosopher -
Herman E. Daly Economist -
Thomas Friedman Journalist -
Lee Kun-hee Business magnate -
Joseph Stiglitz Economist -
Gunnar Myrdal Economist -
Amartya Sen Economist -
John Kenneth Galbraith Economist -
John Maynard Keynes Economist -
Mark Weisbrot Economist -
Paul Krugman Economist -
William Easterly Economist -
James K. Galbraith Economist