Ha-Joon Chang: Economics Upside Down
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- Опубликовано: 30 янв 2025
- In INET's full interview with Ha-Joon Chang, he discusses some ideas that seem contrary to traditional thinking in economics, such as free trade does not necessarily make countries richer, and that there is no such thing as a free market.
At last an economist that is worthwhile hearing.
Ha-Joon Chang is brilliant, and funny, and down-to-earth.
A very great interview. His last point on the abstract theories that have no relevancy to reality is a fundamental issue that many academic departments seem to face today.
yeah, he is great
Unlimited economic growth on a finite planet in order to control scarcity of all resources and consumer goods/ products in order to drive up costs/ prices/ value
Matthew 6:24 No one can serve two masters: Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and money.
Market capitalism needs resources and goods to be artificially scarce in order to drive prices/costs/ values up
I would say you are wrong about my reading list but that is fine. It may be irritating because there are only 500 letters to put an idea forward. Most ideas have caveats which can not be expressed.From my neck of the woods I would say look at the noncompetitive ship building, beer, dairy and forestry industries in Canada. Look at who they lost market share to. Not nations with a built in competitive advantage or third world cheap labor shops.
Thank you for the list of names to check out.
there is no market without property rights and rules for exchange. so a market can be free from too much state intervention but not free from all the rules.
"Autistic mathematicians"
That's an extraordinarily irritating comment. Just more Friedmanite nonsense. I wish I had more than 500 characters to explain just how wrong you are, because I count 5 mistaken assumptions/statements in your comment. I'm not the kind of person who fights online, so may I (in a very friendly way) direct you to the rest of this man's work (which you obviously haven't read), also Yanis Varoufakis, some Stiglitz and some Robert Brenner, and maybe also some John Hicks should answer your questions
Or 50+ years of creating an economy and education system that resists change and manages to spend 200k to crank out 18yr olds with zero math skills near zero reading skills and an inflated sense of entitlement.
Next time you whine about maximized profits please tell that to people on fixed incomes or defined pension plans with a company.
Such autocratic voices from good old boys clubs, claiming to promote protectionist measures for domestic markets under the illusion of keeping equity in local hands (the same old hands rather), literally create opportunity for infiltrating free marketers who promise greater satisfaction to end users just by being more customer oriented and responsive. Free marketers who themselves operate on the adage "give 'em enough rope and the'll hang themselves" perhaps. Hence the need or demand for such didactic's still. Literally bearing down to create wrinkles and creases so that crowbars can be inserted into these gaps of disgruntlement and dissatisfaction. Deliberately conjured up via condescending, patronizing, stodgy, staid approaches?
Workers certainly don’t have the freedom to choose where to work and they certainly don’t have the freedom to choose how much they want to get paid at that particular repetitive tedious boring monotonous meaningless 9 to 5 job.
"There is no such thing" - I can apply this to anything. There is no such thing as the sun. No day no color and so on. What a complete attention seeker.
hahaha shut up and think about what he's saying about the free market and maybe you might realize how stupid you look with this comment...