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23 Things They Don't Tell You about Capitalism

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<p>Thing 1: There is no such thing as free market. <br />Thing 4: The washing machine has changed the world more than the Internet. <br />Thing 5: Assume the worst about people, and you get the worst. <br />Thing 13: Making rich people richer doesn't make the rest of us richer. </p><p>If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. </p><p>Chang, the author of the international bestseller <i>Bad Samaritans</i>, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. <i>23 Things They Don't Tell You About Capitalism</i> equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, How to Rebuild the World, Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market. </p><p>Ha-Joon Chang teaches in the Faculty of Economics at the University of Cambridge. His books include the bestselling <i>Bad Samaritans: The Myth of Free Trade</i> and the <i>Secret History of Capitalism</i>. His <i>Kicking Away the Ladder</i> received the 2003 Myrdal Prize, and, in 2005, Chang was awarded the Leontief Prize for Advancing the Frontiers of Economic Thought.</p>

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