23 Things They Don’t Tell You About Capitalism

‘A masterful debunking of some of the myths of capitalism … Witty, iconoclastic and uncommonly commonsensical … this book will be invaluable’ ObserverIn 23 Things They Don’t Tell You About Capitalism one of today’s most iconoclastic thinkers destroys the biggest myths about the world we live in.There’s no such thing as a ‘free’ market Globalization isn’t making the world richerWe don’t live in a digital world – the washing machine has changed lives more than the internetPoor countries are more entrepreneurial than rich onesHigher paid managers don’t produce better resultsThis galvanizing, fact-packed book about money, equality, freedom and greed proves that the free market isn’t just bad for people – it’s an inefficient way of running economies too. Here Chang lays out the alternatives, and shows there’s a better way.

Born in South Korea, No 1 International Bestselling Author Ha-Joon Chang is a specialist in development economics and Reader in the Political Economy of Development at the University of Cambridge. In 2005, Chang was awarded the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought. He is author of Kicking Away the Ladder- Development Strategy in Historical Perspective (2002), which won the 2003 Gunnar Myrdal Prize, and Bad Samaritans- Rich Nations, Poor Policies and the Threat to the Developing World (2007). Since the beginning of the 2008 economic crisis, he has been a regular contributor to the Guardian, and a vocal critic of the failures of our economic system.