Ha-Joon Chang Quotes
Top 47 wise famous quotes and sayings by Ha-Joon Chang
Ha-Joon Chang Famous Quotes & Sayings
Discover top inspirational quotes from Ha-Joon Chang on Wise Famous Quotes.
There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that.
why do we need to make the rich richer to make them work harder but make the poor poorer for the same purpose?
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.
When I was growing up in South Korea in the '70s and early '80s, the country was too poor to buy original records. Everything was bootlegged.
It's not just about the current economic environment. History shows that slashing budgets always leads to recession.
Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.
Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.
Markets weed out inefficient practices, but only when no one has sufficient power to manipulate them.
I used to joke that I came to England - not to the U.S. where most Koreans go - because I like Arthur Conan Doyle and Agatha Christie.
Democracy, despite its limitations, is in the end the only way to ensure that policies do not simply benefit the privileged few.
To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms.
This is known as the Pareto criterion and forms the basis for all judgements on social improvements in Neoclassical economics today.
The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.
A well-designed welfare state can actually encourage people to take chances with their jobs and be more, not less, open to changes.
The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.
When we assess the impact of technological changes, we tend to downplay things that happened a while ago.
I think this notion that public enterprises do not work and therefore nationalization will be a disaster, I mean, it's not supported by evidence.
Countries are poor not because their people are lazy; their people are 'lazy' because they are poor.