” 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. “


” As a consumer, I don’t create art, but I think whatever the message is, art has to touch you. “


” A lot of things that we cannot buy and sell in markets used to be totally legal objects of market exchange – human beings when we had slavery, child labour, human organs, and so on. So there is no economic theory that actually says that you shouldn’t have slavery or child labour because all these are political, ethical judgments. “


” 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. “


” Basically, the myth is that America has been founded on the free market, the government has done very little, it has thrived under free trade. But actually, if you look at the history, this is actually the country that has succeeded most with protectionist policies. “


” Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which make it impossible to prove them right or wrong in the way we can with theories in physics or chemistry. “



All 6 Ha-Joon Chang Quotes about You in picture


People tend to think that numbers are quite objective, but numbers in economics are not like this. Some economists say they
As a consumer, I don


A lot of things that we cannot buy and sell in markets used to be totally legal objects of market exchange - human beings when we had slavery, child labour, human organs, and so on. So there is no economic theory that actually says that you shouldn
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.
Basically, the myth is that America has been founded on the free market, the government has done very little, it has thrived under free trade. But actually, if you look at the history, this is actually the country that has succeeded most with protectionist policies.
Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which make it impossible to prove them right or wrong in the way we can with theories in physics or chemistry.
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