23 Things They Don't Tell You About Capitalism

23 Things They Don't Tell You About Capitalism

By Ha-Joon Chang

  • Release Date : 2010-09-02
  • Genre : Economics
  • FIle Size : 1.05 MB
Score: 3.5
3.5
From 32 Ratings
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Description

23 Things They Don't Tell You About Capitalism Ha-Joon Chang dispels the myths and prejudices that have come to dominate our understanding of how the world works. He succeeds in both setting the historical record straight ('the washing machine has changed the world more than the internet'; 'the US does not have the highest living standard in the world'; 'people in poor countries are more entrepreneurial than people in rich countries') and persuading us of the consequences of his analysis ('making rich people richer doesn't make the rest of us richer'; 'companies should not be run in the interest of their owners'; 'financial markets need to become less, not more, efficient').

As Chang shows above all else, all economic choices are political ones, and it is time we started to be honest about them.

Reviews

  • Highly recommended!

    4
    By Isaac_another domo
    I like it! It is enlightening. Although it does not advocate for a real change of system. In my opinion the book tries to re-invent it. Inequality is not a product of bad capitalism, but of capitalism it self.

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