“Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rich as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.”
― Ha-Joon Chang
“People 'over-produce' pollution because they are not paying for the costs of dealing with it.”
― Ha-Joon Chang
“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
“People who live in poor countries have to be entrepreneurial even just to survive.”
― Ha-Joon Chang
“95% of economics is common sense”
― Ha-Joon Chang
“Markets weed out inefficient practices, but only when no one has sufficient power to manipulate them.”
― Ha-Joon Chang
“that 95 per cent of economics is common sense – made to look difficult, with the use of jargons and mathematics.”
― Ha-Joon Chang
“all technical professions have an incentive to make themselves look more complicated than they really are so that they can justify the high fees their members charge for their services.”
― Ha-Joon Chang
"Making rich people richer doesn't make the rest of us richer."
― Ha-Joon Chang
"Assume the worst about people and you get the worst."
― Ha-Joon Chang
"Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it."
― Ha-Joon Chang
"The washing machine changed the world more than the Internet."
― Ha-Joon Chang
"There is no such thing as a free market."
― Ha-Joon Chang