23 Things They Don't Tell You About Capitalism

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Penguin Books Limited, Sep 2, 2010 - Business & Economics - 286 pages
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In 23 Things They Don't Tell You About Capitalism one of today's most iconoclastic thinkers destroys the biggest myths about the world we live in.It may have its flaws, but there's no real alternative to free-market capitalism - ultimately it's making us all more prosperous. The West is more efficient and financially savvy than the developing world. And technology is the way forward for everyone. Right? Wrong. This book will turn every piece of received economic wisdom you've heard on its head. It reveals the truth behind what 'they' tell you and shows how the system really works, including:There's no such thing as a 'free' market Globalization isn't making the world richerWe don't live in a digital world - the washing machine has changed lives more than the internetPoor countries are more entrepreneurial than rich onesHigher paid managers don't produce better resultsThis galvanizing, fact-packed book about money, equality, freedom and greed proves that the free market isn't just bad for people - it's an inefficient way of running economies too. Here Chang lays out the alternatives, and shows there's a better way.

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About the author (2010)

Born in South Korea, Ha-Joon Chang is a specialist in development economics and Reader in the Political Economy of Development at the University of Cambridge. In 2005, Chang was awarded the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought. He is author of Kicking Away the Ladder: Development Strategy in Historical Perspective (2002), which won the 2003 Gunnar Myrdal Prize, and Bad Samaritans: Rich Nations, Poor Policies and the Threat to the Developing World (2007).

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