Ha-Joon Chang Quotes About Economics

Quotes about: Economics

• Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.

  Ha-Joon Chang

  Cutting, Simple, Doe

• 95% of Economics is common sense deliberately made complicated.

  Ha-Joon Chang

  Common Sense, Complicated, Economics

  YouTube Chanel "The RSA"/ "Ha-Joon Chang - 23 Things They Don't Tell You About Capitalism", www.youtube.com. September 9, 2010.

• The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided to stand to get a better view, promoting the others behind them to stand. Once enough people stand, everyone has to stand, which means no one is getting a better view, while everyone has become more uncomfortable.

  Ha-Joon Chang

  Country, Mean, Views

• Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.

  Ha-Joon Chang

  Opportunity, Economics, Advantage

• In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.

  Ha-Joon Chang

  Quality, Use, Economics

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

  Ha-Joon Chang

  Common Sense, Essentials, Details

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