” 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… “


” People tend to think that numbers are quite objective, but numbers in economics are not like this. Some economists say they’re like sausages: you don’t know what they really are until you cut into them. “


” Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry. “


” Sometimes people with strong ideology, whether left-wing or right-wing, refuse to do something simply because they believe it is wrong, when doing it actually benefits them. For some people, it’s not just about money and political power. “



All 4 Ha-Joon Chang Quotes about People in picture


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:
People tend to think that numbers are quite objective, but numbers in economics are not like this. Some economists say they


Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry.
Sometimes people with strong ideology, whether left-wing or right-wing, refuse to do something simply because they believe it is wrong, when doing it actually benefits them. For some people, it
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