This User's Guide on how to think (as opposed to what to think) about Economics has some sound principles:ġ) Political Economy: Economics cannot be a science as the issues it addresses are political, immersed in social values and power relations. A worthy State Capitalist reformer (with specialty in real-world Development Economics) to engage with, it is fascinating to see how Chang organizes "Economics" for a wider public audience. I revisit this every few years as an accessible refresher always engaging, real-world ECON 101 to reference and critique. From the future of the Euro, inequality in China, or the condition of the American manufacturing industry here in the United States- Economics: The User’s Guide is a concise and expertly crafted guide to economic fundamentals that offers a clear and accurate picture of the global economy and how and why it affects our daily lives. Instead, by ignoring the received wisdom and exposing the myriad forces that shape our financial world, Chang gives us the tools we need to understand our increasingly global and interconnected world often driven by economics. Unlike many economists, who present only one view of their discipline, Chang introduces a wide range of economic theories, from classical to Keynesian, revealing how each has its strengths and weaknesses, and why there is no one way to explain economic behavior.
Writing with irreverent wit, a deep knowledge of history, and a disregard for conventional economic pieties, Chang offers insights that will never be found in the textbooks. Now, in an entertaining and accessible primer, he explains how the global economy actually works-in real-world terms. In his bestselling 23 Things They Don't Tell You About Capitalism, Cambridge economist Ha-Joon Chang brilliantly debunked many of the predominant myths of neoclassical economics.
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