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People who live in poor countries have to be entrepreneurial even just to survive.

Ha-Joon Chang

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Ha-Joon Chang
Age: 61
Born: 1963
Born: October 7
Economist
Seoul Teukbyeolsi
Live
Country
Even
People
Entrepreneurial
Survive
Countries
Poor

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Making rich people richer doesn't make the rest of us richer.
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[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down the latter.
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95% of Economics is common sense deliberately made complicated.
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Culture changes with economic development.
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Self-interest, to be sure, is one of the most important, but we have many other motives - honesty, self-respect, altruism, love, sympathy, faith, sense of duty, solidarity, loyalty, public-spiritedness, patriotism, and so on - that are sometimes even more important than self-seeking as the driver of our behaviors.
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History is on the side of the regulators.
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A well-designed welfare state can actually encourage people to take chances with their jobs and be more, not less, open to changes.
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Countries are poor not because their people are lazy their people are 'lazy' because they are poor.
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The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.
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Between the Great Depression and the 1970s, private business was viewed with suspicion even in most capitalist economies. Businesses were, so the story goes, seen as anti-social agents whose profit-seeking needed to be restrained for other, supposedly loftier, goals, such as justice, social harmony, protection of the weak and even national glory.
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The days are over when technology can be advanced in laboratories by individual scientists alone. Now you need an army of lawyers to negotiate the hazardous terrain of interlocking patents. Unless we find a solution to the problem of interlocking patents, the patent system may actually impede the very innovation it was designed to encourage.
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