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Quote by Ha-Joon Chang

“Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.”

Quote by Ha-Joon Chang

Author

Ha-Joon Chang is a Korean-born economist known for his research on development economics and issues of globalization. His works, such as '23 Billion People's Challenge' and 'Kicking Away the Ladder', challenge traditional development theories and propose new models of development. more

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“The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided to stand to get a better view, promoting the others behind them to stand. Once enough people stand, everyone has to stand, which means no one is getting a better view, while everyone has become more uncomfortable.”

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Author:Ha-Joon Chang

“In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.”

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“How much there is I want to do! I always feel that I haven't time to accomplish what I wish. I want to read much. I wanted to write a great deal. I want to make money.”

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“The best state for human nature is that in which, while no one is poor, no one desires to be richer, nor has any reason to fear from thrust back, by the efforts of others to push themselves forward.”

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Book:Principles of Political Economy: With Some of Their Applications to Social Philosophy

Source: Principles of Political Economy: With Some of Their Applications to Social Philosophy

“95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical details, can be explained in plain terms.”

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Author:Ha-Joon Chang

“Dangerous acts can be done safely in a community which thinks and feels rightly, which would be the way to hell if they were executed by those who think and feel wrongly.”

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“Economic diseases are highly communicable. It follows therefore that the economic health of every country is a proper matter of concern to all its neighbors, near or distant.”

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“Human beings are no longer born to their place in life...but are free to employ their faculties and such favorable chances as offer, to achieve the lot which may appear to them as desirable.”

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“In the history of modern capitalism, crises are the norm, not the exception.”

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Book:Crisis Economics: A Crash Course in the Future of Finance

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