Ha-Joon Chang

Ha-Joon Chang is a South Korean economist and author, known for his critical views on mainstream economic theory and globalization. Born in 1963 in Seoul, Chang studied economics at Cambridge University, where he earned his PhD. He is a professor of economics at the University of Cambridge, and his work challenges traditional economic policies that favor free-market capitalism. Chang is particularly renowned for his criticism of neo-liberalism and his advocacy for state intervention in economic development, particularly in developing countries.

Chang's most influential book, "Kicking Away the Ladder", argues that the economic policies imposed by wealthy nations on developing countries are contradictory, as these nations themselves used protectionist policies to build their own economies. He has also written "23 Things They Don’t Tell You About Capitalism", which provides a critique of contemporary capitalism, debunking popular myths and offering alternative perspectives on how economic systems should operate. Chang is often cited as one of the leading voices advocating for alternative economic models that prioritize equity, sustainability, and fair trade.

One of Ha-Joon Chang’s most famous quotes reflects his opposition to conventional economic wisdom: "The only function of economic forecasting is to make astrology look respectable." This statement emphasizes his skepticism of the predictive power of mainstream economics and its reliance on theoretical models detached from real-world conditions. Chang’s work continues to inspire economists and policymakers who seek a more balanced and inclusive approach to global economic development, challenging traditional assumptions and offering fresh insights into the world’s economic systems.