book hack
23 Things They Don't Tell You About CapitalismBy Ha-Joon Chang

In a Nutshell

23 Things They Don't Tell You About Capitalism helps us think more clearly about our current economic state by uncovering the hidden consequences of free-market capitalism and offering solutions that could give us all a fairer world.

Favorite quote

Markets weed out inefficient practices, but only when no one has sufficient power to manipulate them.

Ha-Joon Chang

Introduction

Free-market economics is often praised as the only viable economical theory. By letting supply and demand govern our lives, free-market economics advocates minimal government involvement in the financial world. However, many assumptions of free-market economics are based on false ideas about the way society and the economy work. The good news is that there are other options.

Ha-Joon Chang has taught economics at the University of Cambridge and worked as a consultant for the World Bank. In this book, you'll learn all about the issues that can arise in a free-market society, and more importantly, how we can solve these issues to create a better world.

Here are the 3 key insights from this Hack

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    Your financial choices aren’t rational
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