Chang plugs his new book

Emergent Economics

Another week, another Ha-Joon Chang book. He has another good piece in the Guardian (h/t Richard Murphy):

Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which make it impossible to prove them right or wrong in the way we can with theories in physics or chemistry. This is why there are a dozen or so schools in economics, with their respective strengths and weaknesses, with three varieties for free-market economics alone – classical, neoclassical, and the Austrian.

Given this, it is entirely possible for people who are not professional economists to have sound judgments on economic issues, based on some knowledge of key economic theories and appreciation of the political and ethical assumptions underlying various theories. Very often, the judgments by ordinary citizens may be better than those by professional economists, being more rooted in reality and…

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About Shahid Hussain Raja

An independent consultant with specialization in agriculture sector policies, food security, civil service and governance reforms, capacity building of senior government officers and prosecution of high profile corruption cases in developing countries.
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