All this while, we have had our own view about Capitalism. This book is here to give you a different view and make you realize that the Capitalism that we know of is just a whole lot of myths.
Summary of the Book
Everything that we know and think of Capitalism will come crashing down when we read this book that gives us the truth about the economic system. He reveals to us that the concept of free market is not actually real and it does not exist. Chang points out that globalization is not helping in making the world richer, and many poor countries are actually more entrepreneurial than those that are considered rich.
About Ha-Joon Chang
Ha-Joon Chang is a heterodox economist and institutional economist who specializes in developing economics. He is a Reader in the Political Economy of Development at the University of Cambridge. He was ranked as one of the top 20 World Thinkers in 2013 by Prospect Magazine. He has worked as a consultant to the World Bank, the Asian Development Bank, and the European Investment Bank. Chang has been a big influence on Rafael Correa, current President of Ecuador.