23 Things They Don't Tell You About Capitalism

Ha-Joon Chang

Paperback

9780141047973

Ha-Joon Chang has 23 answers about how massive economic collapse took nearly the entire world by surprise. With this book, his purpose is to question the assumptions behind the dogma and sheer hype that has dominated the school of neoliberal economy since the Reagan years.

Chang has established himself as one of the world's most respected economists, a voice of contrarian sanity—and wit—in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips students with an understanding of how global capitalism works—and doesn't. 

He is no enemy of capitalism; it is, he observes, the worst economic system in the world, except for all the others. But ultimately, Chang proposes a way to shape capitalism to humane ends, instead of becoming slaves of the market.

In this revelatory book, Ha-Joon Chang destroys the biggest myths of our times and shows us an alternative view of the world, including:

- There's no such thing as a 'free' market

- Globalization isn't making the world richer

- We don't live in a digital world - the washing machine has changed lives more than the internet

- Poor countries are more entrepreneurial than rich ones

- Higher paid managers don't produce better results