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This x1000. Everybody interested in economics should read Ha-Joon Chang and study the South Korean phenomenon. Those who haven't and still feel obliged to put
by armitron 7y ago
This x1000.
Everybody interested in economics should read Ha-Joon Chang and study the South Korean phenomenon. Those who haven't and still feel obliged to put down their 2 cents praising free trade / markets are talking out of their asses.
The fact that people are still willing to listen to Krugman (even this FP article is sympathetic) rather than cast him out as a colossal buffoon - not quite Alan Greenspan status but close - whilst geniuses like HJC wallow in relative obscurity is beyond sad.
- drtillberg 7y agoFor the life of me I can't understand his prominence either. He seems profoundly lost and misguided, so much I take even his mea culpa with a grain of salt. I only can imagine that someone important considers him to be a useful idiot.
- rXoX 7y agoChang's great.
- pas 7y agoHJC is a crackpot :( Basically he argues using survivor bias. All the countries that tried to pick the winners (support X industry) and levy high tariffs but did not make it are simply not discussed. https://eh.net/book_reviews/kicking-away-the-ladder-development-strategy-in-historical-perspective/ https://eh.net/book_reviews/kicking-away-the-ladder-developm...