"Markets weed out inefficient practices, but only when no o

ne has sufficient power to manipulate them.

Ha Joon Chang
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Thing 1: There is no such thing as free market.
Thing 4: The washing machine has changed the world more than the Internet.
Thing 5: Assume the worst about people, and you get the worst.
Thing 13: Making rich people richer doesn't make the rest of us richer.
If you've wondered how we did not see the economic collapse coming, Ha-Joon Chan
g knows the answer: We didn't ask what they didn't tell us about capitalism. Thi
s is a lighthearted book with a serious purpose: to question the assumptions beh
ind the dogma and sheer hype that the dominant school of neoliberal economists-t
he apostles of the freemarket-have spun since the Age of Reagan.Chang, the autho
r of the international bestseller Bad Samaritans, is one of the world's most res
pected economists, a voice of sanity-and wit-in the tradition of John Kenneth Ga
lbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equi
ps readers with an understanding of how global capitalism works-and doesn't. In
his final chapter, "How to Rebuild the World," Chang offers a vision of how we c
an shape capitalism to humane ends, instead of becoming slaves of the market.Ha-
Joon Chang teaches in the Faculty of Economics at the University of Cambridge. H
is books include the bestselling Bad Samaritans: The Myth of Free Trade and the
Secret History of Capitalism. His Kicking Away the Ladder received the 2003 Myrd
al Prize, and, in 2005, Chang was awarded the Leontief Prize for Advancing the F
rontiers of Economic Thought.
*Guardian-'Chang may be our best critic of capitalism, but he is far from being
any kind of anti-capitalist. He recognises the failings of centrally planned eco
nomies, and rightly describes capitalism as "the worst economic system except fo
r all the others."
....'if Chang's reforms are unrealistic, his account of where we find ourselves
today is arrestingly accurate. For anyone who wants to understand capitalism not
as economists or politicians have pictured it but as it actually operates, this
book will be invaluable.'
*LSE Review Of Books-'The book draws on many of our other present-day economic p
roblems such as inequality, extremes of poverty and wealth and the financial cri
sis in the Western world and how these relate directly to the policies and mixed
incentives of free-market economics. The ease with which the text flows, the su
ccinctness of each chapter, and the fact that the author makes no assumptions ab
out the readers depth of knowledge on this system of capitalism broadens the appe
al of the book beyond those involved in academic study of economics.'
*Sunday Times-'Lively, accessible and provocative ... read this book'
Ha-Joon Chang is one of the leading heterodox economists and institutional econo
mists specialising in development economics. Currently a Reader in the Political
Economy of Development at the University of Cambridge, Chang is the author of s
everal widely-discussed policy books, most notably Kicking Away the Ladder: Deve
lopment Strategy in Historical Perspective (2002).He also writes regularly for t
he Guardian. Chang was ranked by Prospect Magazine as one of the top World Think
ers in 2013.

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Book Details::
ISBN:978-1-60819-166-6
Pages:157(epub) in SumatraPdf
Publisher:Penguin
Year:2010
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Part of Ha Joon Chang collection