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The invention of the printing press was one of the most important events in human history.

Ha-Joon Chang

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Ha-Joon Chang
Age: 61
Born: 1963
Born: October 7
Economist
Seoul Teukbyeolsi
Press
Events
History
Human
Humans
Important
Printing
Invention
Presses

More quotes by Ha-Joon Chang

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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.
Ha-Joon Chang
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The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.
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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.
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Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.
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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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Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.
Ha-Joon Chang
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Making rich people richer doesn't make the rest of us richer.
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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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People 'over-produce' pollution because they are not paying for the costs of dealing with it.
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The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent.
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Low inflation and government prudence may be harmful for economic development.
Ha-Joon Chang
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The foundation of economic development is the acquisition of more productive knowledge.
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People who live in poor countries have to be entrepreneurial even just to survive.
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History is on the side of the regulators.
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Culture changes with economic development.
Ha-Joon Chang
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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.
Ha-Joon Chang
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Democracy is acceptable to neo-liberals only in so far as it does not contradict the free market.
Ha-Joon Chang
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There is no such thing as a free market.
Ha-Joon Chang
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The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.
Ha-Joon Chang
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There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.
Ha-Joon Chang