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Currently a reader in the Political Economy of Development at the University of Cambridge, Chang is the author of several widely discussed policy books, most notably Kicking Away the Ladder: Development Strategy in Historical Perspective (2002). In 2013 Prospect magazine ranked Chang as one of the top 20 World Thinkers. </p> <p> Also known as <a href="/profession/434/">Socialist</a> </p> </div> <span class="more" id="auhtor_info_more" more="more" less="Less">more</span> <ul class="author__about__options"><li><a href="http://hajoonchang.net/" class="i-link" target="_blank" itemprop="url" title="Ha-Joon Chang official website"></a></li><li><a href="https://en.wikipedia.org/wiki/Ha-Joon_Chang" class="i-wiki" target="_blank" itemprop="url" title="Wikipedia article about Ha-Joon Chang"></a></li></ul> </div> </section> <div class="switch"> <ul class="switch-view" role="menu"> <li id="switch_cards" role="menuitem" class="active"><i class="i-cards" title="view_as_cards"></i></li> <li id="switch_list" role="menuitem"><i class="i-list" title="view_as_list"></i></li> </ul> </div> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/36d58/">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.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="36d58"></button> </li> </ul> <ul class="quotes-item__share" data-id="36d58" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/36d58/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Gore%20Vidal%2C%20the%20American%20writer%2C%20once%20described%20the%20American%20economic%20system%20as%20%27free%20enterprise%20for%20the%20poor%20and%20socialism%20for%20the%20rich%27.%20Macroeconomic%20policy%20on%20the%20global%20scale%20is%20a%20bit%20like%20that.%20It%20is%20Keynesianism%20for%20the%20rich%20countries%20and%20monetarism%20for%20the%20poor.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F36d58%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/761/">American</a></li> <li><a href="/topic/210/">Free</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/0ed1/">Instead of reading a paper, we now read the news online. Instead of buying books at a store, we buy them on-line. What's so revolutionary? The Internet has mainly affected our leisure life.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="0ed1"></button> </li> </ul> <ul class="quotes-item__share" data-id="0ed1" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/0ed1/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Instead%20of%20reading%20a%20paper%2C%20we%20now%20read%20the%20news%20online.%20Instead%20of%20buying%20books%20at%20a%20store%2C%20we%20buy%20them%20on-line.%20What%27s%20so%20revolutionary%3F%20The%20Internet%20has%20mainly%20affected%20our%20leisure%20life.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F0ed1%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/145/">Life</a></li> <li><a href="/topic/457/">Reading</a></li> <li><a href="/topic/729/">Internet</a></li> </ul>  </li> </ul><div class="banner--main">  <div id='div-gpt-ad-1539479904694-1'> <script> googletag.cmd.push(function() { var slot; var slotName = 'div-gpt-ad-1539479904694-1'; if (screen.width > 1000) { slot = googletag.defineSlot('/150025860/citatis-top', [[728, 90]], slotName).addService(googletag.pubads()); } else { document.getElementById(slotName).classList.add("banner--mobile"); slot = googletag.defineSlot('/150025860/citatis-top', [[336, 280]], slotName).addService(googletag.pubads()); } googletag.display(slotName); googletag.pubads().refresh([slot]); }); </script> </div> </div> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/11d8fa/">A well-designed welfare state can actually encourage people to take chances with their jobs and be more, not less, open to changes.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="11d8fa"></button> </li> </ul> <ul class="quotes-item__share" data-id="11d8fa" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/11d8fa/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=A%20well-designed%20welfare%20state%20can%20actually%20encourage%20people%20to%20take%20chances%20with%20their%20jobs%20and%20be%20more%2C%20not%20less%2C%20open%20to%20changes.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F11d8fa%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/92/">People</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/36d51/">Being told by the IMF to go easy on austerity is like being told by the Spanish Inquisition to be more tolerant of heretics.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="36d51"></button> </li> </ul> <ul class="quotes-item__share" data-id="36d51" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/36d51/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Being%20told%20by%20the%20IMF%20to%20go%20easy%20on%20austerity%20is%20like%20being%20told%20by%20the%20Spanish%20Inquisition%20to%20be%20more%20tolerant%20of%20heretics.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F36d51%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/2751/">Spanish</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/3edb/">When we assess the impact of technological changes, we tend to downplay things that happened a while ago.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="3edb"></button> </li> </ul> <ul class="quotes-item__share" data-id="3edb" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/3edb/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=When%20we%20assess%20the%20impact%20of%20technological%20changes%2C%20we%20tend%20to%20downplay%20things%20that%20happened%20a%20while%20ago.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F3edb%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/444/">Things</a></li> <li><a href="/topic/905/">Changes</a></li> <li><a href="/topic/848/">Impact</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/01f69/">People always think they're in the middle of a revolution while they tend not to realize the enormity of a change that has happened in the past. The telegraph was a revolution, but who looks at it that way these days? The telegraph sped up the transportation of messages over long distances by a huge factor.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="01f69"></button> </li> </ul> <ul class="quotes-item__share" data-id="01f69" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/01f69/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=People%20always%20think%20they%27re%20in%20the%20middle%20of%20a%20revolution%20while%20they%20tend%20not%20to%20realize%20the%20enormity%20of%20a%20change%20that%20has%20happened%20in%20the%20past.%20The%20telegraph%20was%20a%20revolution%2C%20but%20who%20looks%20at%20it%20that%20way%20these%20days%3F%20The%20telegraph%20sped%20up%20the%20transportation%20of%20messages%20over%20long%20distances%20by%20a%20huge%20factor.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F01f69%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/92/">People</a></li> <li><a href="/topic/855/">Up</a></li> <li><a href="/topic/268/">Long</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/36d50/">95% of Economics is common sense deliberately made complicated.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="36d50"></button> </li> </ul> <ul class="quotes-item__share" data-id="36d50" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/36d50/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=95%25%20of%20Economics%20is%20common%20sense%20deliberately%20made%20complicated.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F36d50%2F" title="Share to Twitter"></button> </li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/06ea7/">Democracy is acceptable to neo-liberals only in so far as it does not contradict the free market.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="06ea7"></button> </li> </ul> <ul class="quotes-item__share" data-id="06ea7" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/06ea7/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Democracy%20is%20acceptable%20to%20neo-liberals%20only%20in%20so%20far%20as%20it%20does%20not%20contradict%20the%20free%20market.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F06ea7%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/210/">Free</a></li> <li><a href="/topic/524/">Democracy</a></li> </ul>  </li> </ul> <div class="banner--main">  <div id='div-gpt-ad-1539479904694-2'> <script> googletag.cmd.push(function() { var slot; var slotName = 'div-gpt-ad-1539479904694-2'; if (screen.width > 1000) { slot = googletag.defineSlot('/150025860/citatis-top', [[728, 90]], slotName).addService(googletag.pubads()); } else { document.getElementById(slotName).classList.add("banner--mobile"); slot = googletag.defineSlot('/150025860/citatis-top', [[336, 280]], slotName).addService(googletag.pubads()); } googletag.display(slotName); googletag.pubads().refresh([slot]); }); </script> </div> </div> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/34fba/">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.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="34fba"></button> </li> </ul> <ul class="quotes-item__share" data-id="34fba" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/34fba/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=A%20lot%20of%20things%20that%20we%20cannot%20buy%20and%20sell%20in%20markets%20used%20to%20be%20totally%20legal%20objects%20of%20market%20exchange%20-%20human%20beings%20when%20we%20had%20slavery%2C%20child%20labour%2C%20human%20organs%2C%20and%20so%20on.%20So%20there%20is%20no%20economic%20theory%20that%20actually%20says%20that%20you%20shouldn%27t%20have%20slavery%20or%20child%20labour%20because%20all%20these%20are%20political%2C%20ethical%20judgments.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F34fba%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/420/">Political</a></li> <li><a href="/topic/54/">Child</a></li> <li><a href="/topic/780/">Slavery</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/26e49/">It's not just about the current economic environment. History shows that slashing budgets always leads to recession.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="26e49"></button> </li> </ul> <ul class="quotes-item__share" data-id="26e49" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/26e49/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=It%27s%20not%20just%20about%20the%20current%20economic%20environment.%20History%20shows%20that%20slashing%20budgets%20always%20leads%20to%20recession.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F26e49%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/255/">History</a></li> <li><a href="/topic/364/">Environment</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/01f26/">Overcoming the myth that there is such a thing as an objectively defined 'free market' is the first step towards understanding capitalism.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="01f26"></button> </li> </ul> <ul class="quotes-item__share" data-id="01f26" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/01f26/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Overcoming%20the%20myth%20that%20there%20is%20such%20a%20thing%20as%20an%20objectively%20defined%20%27free%20market%27%20is%20the%20first%20step%20towards%20understanding%20capitalism.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F01f26%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/210/">Free</a></li> <li><a href="/topic/24/">Understanding</a></li> <li><a href="/topic/100/">Step</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/0a5/">I don't drink at lunchtime because I'm very weak at alcohol like most Asians.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="0a5"></button> </li> </ul> <ul class="quotes-item__share" data-id="0a5" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/0a5/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=I%20don%27t%20drink%20at%20lunchtime%20because%20I%27m%20very%20weak%20at%20alcohol%20like%20most%20Asians.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F0a5%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/1337/">Drink</a></li> <li><a href="/topic/1306/">Alcohol</a></li> <li><a href="/topic/788/">Weak</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/21a3/">Many financial and industrial companies have been bailed out with the public's money, but very few of those who had run those companies have been punished for their failures. Yes, the top managers of those companies have lost their jobs - but with a fat pension and mostly with a handsome severance payment.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="21a3"></button> </li> </ul> <ul class="quotes-item__share" data-id="21a3" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/21a3/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Many%20financial%20and%20industrial%20companies%20have%20been%20bailed%20out%20with%20the%20public%27s%20money%2C%20but%20very%20few%20of%20those%20who%20had%20run%20those%20companies%20have%20been%20punished%20for%20their%20failures.%20Yes%2C%20the%20top%20managers%20of%20those%20companies%20have%20lost%20their%20jobs%20-%20but%20with%20a%20fat%20pension%20and%20mostly%20with%20a%20handsome%20severance%20payment.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F21a3%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/256/">Money</a></li> <li><a href="/topic/267/">Lost</a></li> <li><a href="/topic/153/">Financial</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/1448/">I'm not an anti-capitalist, or anarchist. I want capitalism to work.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="1448"></button> </li> </ul> <ul class="quotes-item__share" data-id="1448" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/1448/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=I%27m%20not%20an%20anti-capitalist%2C%20or%20anarchist.%20I%20want%20capitalism%20to%20work.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F1448%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/10/">Work</a></li> <li><a href="/topic/298/">Want</a></li> <li><a href="/topic/790/">Capitalism</a></li> </ul>  </li> </ul> <div class="banner--main">  <div id='div-gpt-ad-1539479904694-3'> <script> googletag.cmd.push(function() { var slot; var slotName = 'div-gpt-ad-1539479904694-3'; if (screen.width > 1000) { slot = googletag.defineSlot('/150025860/citatis-top', [[728, 90]], slotName).addService(googletag.pubads()); } else { document.getElementById(slotName).classList.add("banner--mobile"); slot = googletag.defineSlot('/150025860/citatis-top', [[336, 280]], slotName).addService(googletag.pubads()); } googletag.display(slotName); googletag.pubads().refresh([slot]); }); </script> </div> </div> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/36d59/">Assume the worst about people and you get the worst.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="36d59"></button> </li> </ul> <ul class="quotes-item__share" data-id="36d59" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/36d59/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Assume%20the%20worst%20about%20people%20and%20you%20get%20the%20worst.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F36d59%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/92/">People</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/2102c/">Very often, the judgments by ordinary citizens may be better than those by professional economists, being more rooted in reality and less narrowly focused.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="2102c"></button> </li> </ul> <ul class="quotes-item__share" data-id="2102c" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/2102c/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Very%20often%2C%20the%20judgments%20by%20ordinary%20citizens%20may%20be%20better%20than%20those%20by%20professional%20economists%2C%20being%20more%20rooted%20in%20reality%20and%20less%20narrowly%20focused.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F2102c%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/1081/">May</a></li> <li><a href="/topic/357/">Reality</a></li> <li><a href="/topic/1545/">Professional</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/22322/">Gone are the days when the upper classes were terrified of the angry mob wanting to smash their skulls and confiscate their properties. Now their biggest enemy is the army of lazy bums, whose lifestyle of indolence and hedonism, financed by crippling taxes on the rich, is sucking the lifeblood out of the economy.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="22322"></button> </li> </ul> <ul class="quotes-item__share" data-id="22322" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/22322/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Gone%20are%20the%20days%20when%20the%20upper%20classes%20were%20terrified%20of%20the%20angry%20mob%20wanting%20to%20smash%20their%20skulls%20and%20confiscate%20their%20properties.%20Now%20their%20biggest%20enemy%20is%20the%20army%20of%20lazy%20bums%2C%20whose%20lifestyle%20of%20indolence%20and%20hedonism%2C%20financed%20by%20crippling%20taxes%20on%20the%20rich%2C%20is%20sucking%20the%20lifeblood%20out%20of%20the%20economy.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F22322%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/253/">Enemy</a></li> <li><a href="/topic/1544/">Angry</a></li> <li><a href="/topic/623/">Army</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/365ec/">Imagine if all those kings and dukes hadn't commissioned those crazy cathedrals, paintings and music... we'd still be living in sticks and mud. Because none of those things made any economic sense. Human beings' capacity to 'waste time' is a miracle - but that's exactly what art is for.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="365ec"></button> </li> </ul> <ul class="quotes-item__share" data-id="365ec" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/365ec/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Imagine%20if%20all%20those%20kings%20and%20dukes%20hadn%27t%20commissioned%20those%20crazy%20cathedrals%2C%20paintings%20and%20music...%20we%27d%20still%20be%20living%20in%20sticks%20and%20mud.%20Because%20none%20of%20those%20things%20made%20any%20economic%20sense.%20Human%20beings%27%20capacity%20to%20%27waste%20time%27%20is%20a%20miracle%20-%20but%20that%27s%20exactly%20what%20art%20is%20for.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F365ec%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/11/">Time</a></li> <li><a href="/topic/114/">Music</a></li> <li><a href="/topic/423/">Art</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/16da6/">History is on the side of the regulators.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="16da6"></button> </li> </ul> <ul class="quotes-item__share" data-id="16da6" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/16da6/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=History%20is%20on%20the%20side%20of%20the%20regulators.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F16da6%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/255/">History</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/2257e/">The truth is that the free movement of goods, people, and money that developed under British hegemony between 1870 and 1913 - the first episode of globalization - was made possible, in large part, by military might rather than market forces.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="2257e"></button> </li> </ul> <ul class="quotes-item__share" data-id="2257e" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/2257e/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=The%20truth%20is%20that%20the%20free%20movement%20of%20goods%2C%20people%2C%20and%20money%20that%20developed%20under%20British%20hegemony%20between%201870%20and%201913%20-%20the%20first%20episode%20of%20globalization%20-%20was%20made%20possible%2C%20in%20large%20part%2C%20by%20military%20might%20rather%20than%20market%20forces.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F2257e%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/92/">People</a></li> <li><a href="/topic/256/">Money</a></li> <li><a href="/topic/78/">Truth</a></li> </ul>  </li> </ul> <div class="banner--main">  <div id='div-gpt-ad-1539479904694-4'> <script> googletag.cmd.push(function() { var slot; var slotName = 'div-gpt-ad-1539479904694-4'; if (screen.width > 1000) { slot = googletag.defineSlot('/150025860/citatis-top', [[728, 90]], slotName).addService(googletag.pubads()); } else { document.getElementById(slotName).classList.add("banner--mobile"); slot = googletag.defineSlot('/150025860/citatis-top', [[336, 280]], slotName).addService(googletag.pubads()); } googletag.display(slotName); googletag.pubads().refresh([slot]); }); </script> </div> </div> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/21595/">I used to joke that I came to England - not to the U.S. where most Koreans go - because I like Arthur Conan Doyle and Agatha Christie.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); 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It is no surprise then that, according to some surveys, workers across the world value job security more highly than wages.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="12451"></button> </li> </ul> <ul class="quotes-item__share" data-id="12451" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/12451/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=The%20feeling%20of%20insecurity%20is%20inimical%20to%20our%20sense%20of%20wellbeing%2C%20as%20it%20causes%20anxiety%20and%20stress%2C%20which%20harms%20our%20physical%20and%20mental%20health.%20It%20is%20no%20surprise%20then%20that%2C%20according%20to%20some%20surveys%2C%20workers%20across%20the%20world%20value%20job%20security%20more%20highly%20than%20wages.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F12451%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/115/">World</a></li> <li><a href="/topic/257/">Job</a></li> <li><a href="/topic/1887/">Feeling</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a123/06ea6/">Democracy and markets are both fundamental building blocks for a decent society. 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We need to balance them.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a123/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/1b/123.v8.jpg" alt="Ha-Joon Chang"> </figure> <span class="cite-src" itemprop="name">Ha-Joon Chang</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="06ea6"></button> </li> </ul> <ul class="quotes-item__share" data-id="06ea6" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a123/06ea6/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Democracy%20and%20markets%20are%20both%20fundamental%20building%20blocks%20for%20a%20decent%20society.%20But%20they%20clash%20at%20a%20fundamental%20level.%20We%20need%20to%20balance%20them.&url=https%3A%2F%2Fcitatis.com%2Fa123%2F06ea6%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/85/">Society</a></li> <li><a href="/topic/524/">Democracy</a></li> <li><a href="/topic/111/">Balance</a></li> </ul>  </li> </ul> <dl class="pagination" role="menubar"> <dd><span class="active">1</span></dd><dd><a href="/a123/?p=1" class="ajax" rel="next">2</a></dd><dd><a href="/a123/?p=2" class="ajax">3</a></dd><dd><a href="/a123/?p=3" class="ajax">4</a></dd><nobr><dd><span class="disabled">previous</span></dd><dd><a href="/a123/?p=1" class="ajax" rel="next">next</a></dd></nobr> </dl> </main> <aside> <div class="banner--aside"> <div id='div-gpt-ad-1539482008349-0'> <script> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1539482008349-0'); }); </script> </div></div><section class="tags--authors"> <h3>RELEVANT AUTHORS</h3> <ul> <li><a href="/a128/">Xavier Becerra</a></li><li><a href="/a190/">Karen Armstrong</a></li><li><a href="/a552/">Utkarsh Ambudkar</a></li><li><a href="/a622/">E. 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