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Ha-Joon Chang Quotes
Ha-Joon Chang Quotes
Ha-Joon Chang
South Korean
Economist
Born:
Oct 7
,
1963
Because
Free
People
Political
Think
You
Related authors:
Adam Smith
Alan Greenspan
E. F. Schumacher
John Kenneth Galbraith
John Maynard Keynes
Milton Friedman
Paul A. Volcker
Thomas Sowell
The feeling of insecurity is inimical to our sense of wellbeing, as it causes anxiety and stress, which harms our physical and mental health. It is no surprise then that, according to some surveys, workers across the world value job security more highly than wages.
Ha-Joon Chang
Health
Mental Health
Anxiety
World
Stress
Job
Value
Insecurity
Feeling
Sense
Our
Job Security
Security
Physical
Some
Mental
More
Highly
Wellbeing
Wages
Causes
Surprise
According
Surveys
Than
Which
Then
Workers
Across
The invention of the printing press was one of the most important events in human history.
Ha-Joon Chang
History
Events
Invention
Important
Press
Most
Printing
Printing Press
Human
The Most Important
Human History
Gone are the days when the upper classes were terrified of the angry mob wanting to smash their skulls and confiscate their properties. Now their biggest enemy is the army of lazy bums, whose lifestyle of indolence and hedonism, financed by crippling taxes on the rich, is sucking the lifeblood out of the economy.
Ha-Joon Chang
Angry
Army
Enemy
Gone
Rich
Financed
Crippling
Out
Classes
Properties
Lifeblood
Lifestyle
Lazy
Indolence
Smash
Days
Economy
Terrified
Were
Mob
Bums
Upper
Wanting
Biggest
Taxes
Sucking
Now
Whose
By liberating women from household work and helping to abolish professions such as domestic service, the washing machine and other household goods completely revolutionised the structure of society.
Ha-Joon Chang
Work
Service
Women
Society
Other
Liberating
Machine
Abolish
Structure
Goods
Household
Domestic
Helping
Washing
Washing Machine
Professions
In the 19th century, a lot of people were against outlawing child labour, because to do so would be against the very foundations of a free market economy: 'These children want to work, these people want to employ them... what is your problem? It's not as if anyone has kidnapped them...'
Ha-Joon Chang
Work
People
Problem
Free
Market
Market Economy
Kidnapped
Would
Would-Be
Free Market
Economy
Employ
Because
Were
Lot
Very
Child
Labour
Children
Want
Anyone
Against
Them
Century
Your
Foundations
People always think they're in the middle of a revolution while they tend not to realize the enormity of a change that has happened in the past. The telegraph was a revolution, but who looks at it that way these days? The telegraph sped up the transportation of messages over long distances by a huge factor.
Ha-Joon Chang
Change
People
Long
Past
Revolution
Think
Enormity
Distances
Telegraph
Way
Tend
Factor
Over
Days
Messages
Looks
Always
Huge
Up
Middle
Happened
In The Past
While
Realize
Transportation
Who
Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under certain circumstances, minimum wages can be beneficial, as it makes workers more productive.
Ha-Joon Chang
Political
Free
Intervention
Beneficial
Market
Circumstances
Minimum
Minimum Wage
See
More
Economic
Free Market
Mere
Economists
Makes
Frequently
Wage
Wages
However
Legislation
Decent
Which
Workers
Certain
Productive
Show
Theories
I don't drink at lunchtime because I'm very weak at alcohol like most Asians.
Ha-Joon Chang
Alcohol
Weak
Drink
Like
Most
Because
Very
Asians
Lunchtime
Why do tax havens exist? Because rich countries allow them to. If the U.S. came down on tax havens in the same way they come down on countries that trade with Iran and Cuba, we'd have no tax havens in the world.
Ha-Joon Chang
World
Rich
Down
Way
Haven
Allow
Countries
Come
Cuba
Because
Trade
Came
Exist
Iran
Same
Tax
Them
Rich Countries
Why
When we assess the impact of technological changes, we tend to downplay things that happened a while ago.
Ha-Joon Chang
Changes
Impact
Tend
Happened
While
Downplay
Assess
Things
Technological
I am one of the most successful economists, according to what markets tell us, though most of my professional colleagues, who are much keener to accept market outcomes than I am, would dismiss me as a crank or - the worst of all abuses among economists - a 'sociologist.'
Ha-Joon Chang
Me
Market
Markets
Worst
Though
Colleagues
Tell
Would
Outcomes
Abuse
Economists
Most
Accept
Am
According
Than
Crank
Us
Much
Successful
Dismiss
Who
Professional
Keener
Among
Unfortunately, a lot of economists wanted to make their subject a science. So the more what you do resembles physics or chemistry, the more credible you become.
Ha-Joon Chang
You
Science
Physics
Become
Chemistry
More
Economists
Make
Subject
Lot
Wanted
Unfortunately
Resembles
Credible
Imagine if all those kings and dukes hadn't commissioned those crazy cathedrals, paintings and music... we'd still be living in sticks and mud. Because none of those things made any economic sense. Human beings' capacity to 'waste time' is a miracle - but that's exactly what art is for.
Ha-Joon Chang
Music
Art
Time
Crazy
Made
Sense
Waste Time
Living
Those
Exactly
Exactly What
Kings
Miracle
Economic
Cathedrals
Because
Sticks
None
Still
Commissioned
Any
Human
Human Beings
Capacity
Mud
Beings
Paintings
Waste
Things
Imagine
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.
Ha-Joon Chang
Work
Will
Think
Evidence
Enterprises
Supported
Disaster
Public
Mean
Notion
Therefore
What free-market economists are not telling us is that the politics they want to get rid of are none other than those of democracy itself. When they say we need to insulate economic policies from politics, they are in effect advocating the castration of democracy.
Ha-Joon Chang
Politics
Democracy
Other
Say
Those
Telling
Economic
Economic Policies
Economists
Policies
None
Advocating
Effect
Itself
Than
Get
Want
Us
Rid
They Say
Need
It is time that we dispensed with the myth that the market is a force of nature that should not be meddled with. Markets are social creations that can be, and have been, modified for social purposes.
Ha-Joon Chang
Time
Nature
Myth
Market
Markets
Purposes
Force
Been
Social
Modified
Should
Creations
Without there being some national strategy, it is difficult for educators to know what kinds of engineers or technicians to produce and for potential students to know what professions to study for.
Ha-Joon Chang
National
Strategy
Difficult
Kinds
Some
Potential
Students
Study
Know
Without
Educators
Being
Produce
Engineers
Professions
Technicians
Many financial and industrial companies have been bailed out with the public's money, but very few of those who had run those companies have been punished for their failures. Yes, the top managers of those companies have lost their jobs - but with a fat pension and mostly with a handsome severance payment.
Ha-Joon Chang
Money
Financial
Lost
Few
Top
Those
Punished
Out
Jobs
Run
Pension
Had
Failures
Industrial
Mostly
Been
Yes
Very
Handsome
Managers
Public
Payment
Who
Companies
Many
Fat
It is one thing to tell the citizens of some faraway country to go to hell, but it is another to do the same to your own citizens, who are supposedly your ultimate sovereigns.
Ha-Joon Chang
Country
Own
Hell
Tell
Citizens
One Thing
Some
Supposedly
Another
Go
Ultimate
Go To Hell
Same
Faraway
Your
Who
Thing
Few countries have become rich through free-trade, free-market policies, and few ever will.
Ha-Joon Chang
Will
Become
Few
Rich
Through
Countries
Policies
Ever
If we are really serious about preventing another crisis like the 2008 meltdown, we should simply ban complex financial instruments unless they can be unambiguously shown to benefit society in the long run.
Ha-Joon Chang
Financial
Long
Society
Benefit
Unless
Complex
Meltdown
Crisis
Run
About
Preventing
Long Run
Simply
Like
Instruments
Another
Ban
Really
Should
Shown
Serious
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