As Chang puts it in Guardian: “Economics, as it has been practised in the last three decades, has been positively harmful for most people.” !! And he adds “Economists are not some innocent technicians who did a decent job within the narrow confines of their expertise until they were collectively wrong-footed by a once-in-a-century disaster that no one could have predicted.” Far from being an inward-looking, hermetic discipline, economics has been a hugely powerful – and profitable – enterprise, shaping the policies of governments and companies throughout much of the world. The results have been little short of disastrous” . A great book, a must read, for all thought leaders. Ha-Joon Chang, Prof at the University of Cambridge, is one of the leading heterodox economists and institutional economists specialising in development economics . See more here.
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