Hugely amusing Ha-Joon Chang

In arguing for restrictions on private industry risk taking Ha-Joon Chang makes reference to Adam Smith.

What causes the amusement is that the precise references he provides lead us to Smith denouncing everything else Ha-Joon Chang has ever said about infant industries, trade protection, his preferred mercantilist trade policies and the role of government in guiding economic development.

Well done Sirrah!

3 thoughts on “Hugely amusing Ha-Joon Chang”

  1. Could you perhaps explain how you work that one out? I assume you mean the bit about institutions socialising risk, but he himself doesn’t really argue against the existence of these institutions.

    Tim adds: Read the Adam Smith bit he links to….

Leave a Reply

Your email address will not be published. Required fields are marked *