Inspirational Quotes, Motivational Sayings, and Wise Words for Daily Inspiration

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Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor.

Ha-Joon Chang's Popular Quotes

The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.

- Ha-Joon Chang

Low inflation and government prudence may be harmful for economic development.

- Ha-Joon Chang

Culture changes with economic development.

- Ha-Joon Chang

As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not pro…

- Ha-Joon Chang

Manufacturing is the most important...route to prosperity.

- Ha-Joon Chang

Rich countries have 'kicked away the ladder' by forcing free-market, free-trade policies on poor countries. Already established countries do not want…

- Ha-Joon Chang

We are not smart enough to leave things to the market.

- Ha-Joon Chang

Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.

- Ha-Joon Chang

The invention of the printing press was one of the most important events in human history.

- Ha-Joon Chang