Ha-Joon Chang has 23 answers about how massive economic collapse took nearly the entire world by surprise. With this book, his purpose is to question the assumptions behind the dogma and sheer hype that has dominated the school of neoliberal economy since the Reagan years.Chang has established himself as one of the world's most respected economists, a voice of contrarian sanity—and wit—in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips students with an understanding of how global capitalism works—and doesn't. He is no enemy of capitalism; it is, he observes, the worst economic system in the world, except for all the others. But ultimately, Chang proposes a way to shape capitalism to humane ends, instead of becoming slaves of the market.
"Chang, befitting his position as an economics professor at Cambridge University, is engagingly thoughtful and opinionated at a much lower decibel level. 'The "truths" peddled by free-market ideologues are based on lazy assumptions and blinkered visions,' he charges."—Time
"Myth-busting and nicely-written collection of essays."—Independent (UK)
"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."—John Gray, Observer (UK)
"A lively, accessible and provocative book."—Sunday Times (UK)
"For 40 years, I have worked as a journalist and trained thousands of other journalists from my former perches as a University of Missouri Journalism School professor and as executive director of Investigative Reporters and Editors. I have written newspaper articles, magazine features and entire books with heavy doses of economics policy and business behavior. I wish the book 23 Things They Don’t Tell You About Capitalism had been available when I was a rookie; I would have been more alert to the hands-off-business catechism by which Americans are relentlessly indoctrinated."—Steven Weinberg, Remapping Debate
"I doubt there is one book, written in response to the current economic crisis, that is as fun or easy to read as Ha-Joon Chang's 23 Things They Don't Tell you About Capitalism."—AlterNet Executive Editor Don Hazen "Shaking Economics 101 assumptions to the core . . . Eminently accessible, with a clearly liberal (or at least anticonservative) bent, but with surprises along the way—for one, the thought that markets need to become less rather than more efficient."—Kirkus Reviews
"Chang presents an enlightening précis of modern economic thought—and all the places it’s gone wrong, urging us to act in order to completely rebuild the world economy: 'This will [make] some readers uncomfortable . . . It is time to get uncomfortable.'"—Publishers Weekly
Ha-Joon Chang teaches in the Faculty of Economics at Cambridge University. His books include the international bestseller Bad Samaritans: The Myth of Free Trade and The Secret History of Capitalism and Kicking Away the Ladder, winner of the 2003 Myrdal Prize. In 2005, Chang was awarded the Leontief Prize for Advancing the Frontiers of Economic Thought.