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Chang (Bad Samaritans) takes on the "free-market ideologues," the stentorian voices in economic thought and, in his analysis, the engineers of the recent financial catastrophe. Free market orthodoxy has inserted its tenterhooks into almost every economy in the world--over the past three decades, most countries have privatized state-owned industrial and financial firms, deregulated finance and industry, liberalized international trade and investments, and reduced income taxes and welfare payments. But these policies have unleashed bubbles and ever increasing income disparity. How can we dig ourselves out? By examining the many myths in the narrative of free-market liberalism, crucially that the name is itself a misnomer: there is nothing "free" about a market where wages are largely politically determined; that greater macroeconomic stability has not made the world economy more stable; and a more educated population itself won't make a country richer. An advocate of big, active government and capitalism as distinct from a free market, Chang presents an enlightening précis of modern economic thought--and all the places it's gone wrong, urging us to act in order to completely rebuild the world economy: "This will some readers uncomfortable... it is time to get uncomfortable." (Jan.) (c)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to the Hardcover edition.
Leading economist [Ha-Joon Chang] has likened the nation's acceptance of free-market capitalism to that of the brainwashed characters in the film The Matrix, unwitting pawns in a fake reality. [Chang] debunks received wisdom on everything -- Rachel Shields Independent A masterful debunking of some of the myths of capitalism ... Witty, iconoclastic and uncommonly commonsensical ... this book will be invaluable -- John Gray Observer Lively and provocative book ... Read this book -- David Smith Sunday Times Incisive and entertaining ... scathing about the conventional wisdom' -- Robert Skidelsky New Statesman Important .. persuasive ... [an] engaging case for a more cautious and caring era of globalisation -- James Crabtree Financial Times Myth-busting and nicely-written ... the best economists are those who look around at our man-made world and ask themselves "why?". Chang is one -- Sean O'Grady Independent --This text refers to an out of print or unavailable edition of this title.See all Editorial Reviews
A quick lesson in Economics 100 and current political trends Mr. Chang provides in his excellent book.Published 11 days ago by Frank A. Longoria
Ha-Joon Chang’s book comprises 23 “things” (chapters) that each states one claim made by exponents of free markets, then tears it to pieces with examples of economic development... Read morePublished 1 month ago by Ross W V Milburn
Another tremendous economics book. Literally shaking the foundations of the present Weltbild. Read more
Mr. Chang is just afraid to put the finger in wound and to point at the real reason for the crisis - the current system of fiat money and manipulation by the central bankers. Read morePublished 1 month ago by Victor Papazov
This book goes point by point across some of the most widely held beliefs about how capitalist economies work or should be organized, and uses logical arguments and empirical... Read morePublished 1 month ago by mel4444
Should be required reading for those who think they understand economics. Did I leave anyone out?Published 2 months ago by Crawford Harris