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95 per cent of economics is common sense made complicated, and even for the remaining 5 per cent, the essential reasoning, if not all the technical details, can be explained in plain terms.

— Ha-Joon Chang

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More quotes by Ha-Joon Chang

Trade is simply too important for economic development to be left to free trade economists.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

The foundation of economic development is the acquisition of more productive knowledge.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

We are not smart enough to leave things to the market.

Corruption exists because there is too much, not too little, market.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Are you still convinced that inflation is incompatible with economic success?

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

All Ha-Joon Chang quotes →

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We must do away with the absolutely specious notion that everybody has to earn a living.

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Economics is on the side of humanity now.

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Since the state must necessarily provide subsistence for the criminal poor while undergoing punishment, not to do the same for the poor who have not offended is to give a premium on crime.

John Stuart Mill Principles of Political Economy (1848)

Economy, in the estimation of common minds, often means the absence of all taste and comfort.

Sydney Smith Lady Holland's Memoir (1855)

Attribution

Quote text and notes from Wikiquote: Ha-Joon Chang (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.