It is extremely important for our democracy to function that ordinary citizens understand the key issues and basic theories of economics.
In the new series “Economics For People” from the Institute for New Economic Thinking (INET), University of Cambridge economist and bestselling author Ha-Joon Chang explains key concepts in economics, empowering anyone to hold their government, society, and economy accountable.
Lecture 1.1: The Nature of Economics
Lecture 1.2: Five Reasons Why Economics Is Political
Lecture 2: What Is Wrong With Globalization?
Lecture 3: Conceptualizing the Individual
Lecture 4: Can Economics Help Us Save the Planet? Part 1
Lecture 5: Why Are Some Countries Rich and Others Poor?
Lecture 6: Will Robots Take Your Job?
Lecture 7: Inequality: What Is It and Why Does It Matter?
Lecture 8: Production
Lecture 9: The Role of the State
Lecture 10: Finance & Financial Crises
Lecture 11: Can Economics Help Us Save the Planet? Part 2
The HET Website has created a supporting page of resources for those who wish to dig deeper into the references Professor Chang makes in the lectures. From economist profiles, to schools of thought, and even complete written works, there’s something for everyone!
INET sincerely thanks the Julis-Rabinowitz Family for their generous support, who named this series to honor the spirit of a great educator and economic thinker, Uwe Reinhardt.
For nearly 50 years, the late Uwe Reinhardt was a beloved economist and professor at Princeton University. Known best for helping to shape critical discourse around healthcare markets, his biting wit and intellect challenged students, colleagues, and policymakers alike to follow the data and to check all assumptions at the door.
Ha-Joon Chang, a Korean national, has taught at the Faculty of Economics, University of Cambridge, since 1990.
In addition to numerous articles in journals and edited volumes, Ha-Joon Chang has published 13 authored books (four of them co-authored) and 9 edited books (six of them co-edited). His main books include The Political Economy of Industrial Policy (1994), Kicking Away the Ladder – Development Strategy in Historical Perspective (2002), and Bad Samaritans – Rich Nations, Poor Policies, and the Threat to the Developing World (2007), and 23 Things That They Don’t Tell You About Capitalism (Penguin, 2010, and Bloomsbury USA, 2011). By 2011, his writings will have been translated into 21 languages.
Apart from his academic activities, Ha-Joon Chang has worked as a consultant for numerous international organisations, including various UN agencies (UNCTAD, WIDER, UNDP, UNIDO, UNRISD, INTECH, FAO, and ILO), the World Bank, and the Asian Development Bank. He has also worked as a consultant for a number of governments (such as Canada, Japan, South Africa, the UK, and Venezuela) and various NGOs (such as ActionAid, CAFOD, Christian Aid, Oxfam)
Ha-Joon Chang is the winner of the 2003 Myrdal Prize, awarded to his book, Kicking Away the Ladder, by the European Association for Evolutionary Political Economy (EAEPE). He is also the winner (jointly with Richard Nelson) of the 2005 Leontief Prize for Advancing the Frontiers of Economic Thought awarded by Tufts University. Previous winners of the Prize include the Nobel Laureates Amartya Sen and Daniel Kahnemann as well as John Kenneth Galbraith.