Ha-Joon Chang Quotes

Ha-Joon Chang
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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