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Ha-Joon Chang

Economics: The User's Guide

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  • Valentin Gatskoje citiraoпре 5 година
    The Austrian school also argues that the world is highly complex and uncertain.
  • Женя Левицкийje citiraoпре 2 године
    Rudge: How do I define history? It’s just one fucking thing after another.’

    ALAN BENNETT, THE HISTORY BOYS
  • Jafar Jafarovje citiraoпре 4 године
    economics can never be a science in the sense that physics or chemistry is
  • Valentin Gatskoje citiraoпре 4 године
    Herbert Simon, the founder of the Behaviouralist school, once estimated that only about 20 per cent of economic activities in the US are organized through the market.
  • Valentin Gatskoje citiraoпре 4 године
    But the economy should not be equated with the market.
  • Valentin Gatskoje citiraoпре 4 године
    The economy is much bigger than the market: the need to think about production and work
  • Valentin Gatskoje citiraoпре 4 године
    The standard definition of unemployment underestimates the true extent of it by excluding discouraged workers in the rich countries and the under-employed in the developing countries
  • Valentin Gatskoje citiraoпре 4 године
    The way we construct economic indicators has huge consequences for how we organize our economy, what kind of policies we implement and ultimately how we live our lives.
  • Valentin Gatskoje citiraoпре 4 године
    numbers in economics are invariably the results of attempts to measure concepts whose definitions are often extremely contentious or at least debatable.2
  • Valentin Gatskoje citiraoпре 4 године
    ‘Everything factual is already a theory’: facts, even numbers, are in the end not objective
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