Economics, But Not as You Know It

[@carbonicoyster5907]

Ha-Joon Chang is always a pleasure to listen to. He is a very smart unpretentious kind of guy which is a rare combination in the field of economics.

[@ahgrr7411]

true

[@abcrane]

The most critical task of the Economist is to eliminate the very need for such a dismal science. I graciously accept the challenge of this venture!

[@losthighwaygnr3685]

I was there !!! Front Row ! :) It was an honour to listen to DR Chang ( and thanks to the LSE too ;)

[@meisam14]

What a fantastic lecture! A phenomenal breath of fresh air. There's another excellent book that espouses the same idea that economics is predicated on ideologically constructed assumptions about the world. It's called "The Foundations of Economics: A Beginner's Companion," by Yanis Varoufakis. An essential read for undergraduates or anyone remotely interested in gaining a solid groundwork understanding about economics and its intrinsic complexity. The book challenges, and ultimately debunks, the simplistic textbook assumptions one by one. I'll definitely read the lecturer's book, too.

[@awesomebearaudiobooks]

I haven't yet listened to the lecture and haven't read the book you're suggesting but I cannot agree more! A lot of people (some of them are even calling themselves economists) would tell you to ''learn economics'', but what they mean by that is something like ''read this one by Hayek that suits my ideology''. And I am not strictly against Hayek, but his key works are philosophical at best, not founded on much evidence, at in a worse case scenario (which is often the case, lol), people would deduce toxic ideas based on some very weird assumptions (like, for example, that Swedish-style healthcare is a path to fascism, wtf) and some of these people even become economic professors themselves. We all need to try to understand that economics is an extremely complex subject which cannot be comprehended without knowing both history and present material reality and cannot be distilled down into one formula like ''gov'ment always bad''

[@cptsky47]

A wonderful lecture that seems to say we as a people can think about the world in a critical way, and that economics has many avenues that can help in the decision making process. Never the less we are constrained by the politics of a nation. Switzerland is obviously a success in that it has produced a welfare state without constraining the the wealthy too much. While countries such as The Congo or Cuba or Cambodia do not do such a good job, and that this is the result of the political elites who hold the political power. The book should be required reading for all professors of Economics, college freshmen, and social scientists. It helps to teach us that our personal egos are often tied into our economic decisions. Thank You

[@robertgore9092]

Excellent, have ordered the book already. But who ever pioneered this daft method of asking three completely different questions after a lecture before allowing an answer?

[@vivianoosthuizen8990]

It’s not only economics that has the problem of not knowing not really knowing. Politics Law Morality or rather Religion or medical science and health etc etc same problem

[@felipe7x]

Starts at 9:00

[@jazzalterio692]

👌😳

[@unicornlight8251]

Thank you! helps to save time

[@pappapaps]

😮 thank you

[@berikoteuli4140]

when Chang said "TA-TA-TA", i felt that

[@MrJabrayil]

Like books Chang`s speaking is very interesting!

[@davidwilkie9551]

Lee Kuan Yu, the Captain of the Singaporean "Ship of State" explains his Economy, as he required it to be.

[@MrGamingANDfootball]

What does he say 56:37? Sounds like “ritchie collick’s” book has mary poppins

[@mrzack888]

9:00 min mark

[@KevTheImpaler]

This man is good!

[@DantheManMonty]

his Gouda joke was golden and the crowd didn't catch it :(

[@jamesmorton7881]

Cool hair. Love his speaking delivery style. Humble Korean, right. Interrogative.

[@Nicolas-uu3jr]

thank you Doc :)

[@koredeaderele1666]

his notes about informal sector activities during the Q&A is pretty sombering

[@davidwilkie9551]

Reducing the available physical information to the minimum comes down to absolutely nothing in No-thing, it's always NOW eternally, so everything relative to everything else is Theoretical positioning in No-thing definable unless you use whatever is available known about, ..only the cause-effect of actual correlations instantaneously are perceived as the snapshot image of time-timing sync-duration. At best this is an Ecology of Temporal Totality with relative-timing ratio-rates quantization, a self-defining Calculus of wave-packaging images, of Mathematical Conjectures.., the Economic Numbers just as described above. ***** The ancient world understanding of Actuality Conception was condensed to the magical-functional terminology of "Eternity-now" which identified the relative-timing Interval Conception of infinite formation potential positioning possibilities for coinciding pure-math motion-potential layering of probabilistic correlations in temporal thermodynamical real-time density-intensity alignment as Einstein found in E=mC²logarithmic Bose-Einsteinian Quantum-fields Mechanism Holographic Principle Perspective. The Calculus version of differentiates is the equivalent sum-of-all-histories exponentiation-ness superposition identification of probabilistic now-eternity in reciprocation-recirculation potential inside-outside holographic emergent e-Pi-i bubble-mode sync-duration resonance of the unity-connection circumstances. Ie WYSIWYG QM-TIME Completeness. Check out the Langlands project.., much more constructive content details.

[@pappapaps]

Sir, this is a Denny's

[@JohnVandivier]

swiss army knife, not a hammer GOT IT

[@justgivemethetruth954]

The man's got a way with words --- and ideas.

[@lambinh6664]

korean knife.

[@kkfung1]

This talk could be condensed into a 15 minute presentation?

[@iaininkster6302]

+KK Fung You'd have to lose too many tatatas.

[@iguitarn]

lol

[@OpenMicDropNight]

Most of that 15 minute has to be spent on trying to understand his English.

[@PeterXiao1]

Why weren't you lecturing there?

[@ivandate9972]

33:8 to explain Singapore is the intelligence and hardworking of the citizen, that is all

[@fern8580]

he understands the enormous contribution of an organization based on the division of tasks. If that is true, a lot of chatter, he drinks in public what is for me a sign of rudeness and disrespect. Well, I go on my way.

[@uroojnisar3191]

whts the name of the book..

[@USASPORTSCARDS]

Urooj nisar economics: the users guide. They said it in the beginning.

[@anabonet533]

To know how works capitalism you need to know the current monetary weaknesses and problems. It is impossible to return to Gold Standard See this video: kzbin.info/www/bejne/n5quo2CfZZdlo7s

[@mrzack888]

Chang forgot he was in London and Not United States.

[@ThePoignancy]

Oh, this guy...

[@DissectConversation]

The mini buses (taxis) used in South Africa are not run by Gangsters, okay? They are run by legitimate business people who own transport businesses just like those who own trains and airplanes in the West, Asia, Europe, and Africa. Stop pushing a negative narrative about Africa, and South Africa in particular. With Denouncement From Namibia.

[@hewholives1581]

have you lived in the townships of South Africa long enough to think of your opinion as a factual statement? cause I was born and bread here and can tell you this much, taxi drivers and taxi owners get caught in territorial wars, disputes for routes. let me know if that doesn't scream "I could barely give a shits fcuk about your existence" thats a bit gangster for me

[@marinadoshkevich4863]

You must know this. If you graduate in Economics, you could get a job in marketing or something. But public service is not going to happen right now. Economists are some of the most hated people out there. Their enthusiastic and baseless encouragement of globalization has pretty much everyone seeing them for the fools they are. The academia will have people of that ilk, but the voters will not.

[@USASPORTSCARDS]

Marina Doshkevich elaborate.

[@dabosschicken]

Central bank, policy advising ???????? If you listen and read his book you'll know that he's against the laissez faire leaning Neo classists of today.