Recognizing boundaries market ambiguous cannot determined objective wa — Ha-Joon Chang, 23 Things Don’t Tell Capitalism

23 Things They Don't Tell You About Capitalism Ha-Joon Chang

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Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics is not a science like physics or chemistry, but a political exercise… If the boundaries of what you are studying cannot be scientifically determined, what you are doing is not a science.

Ha-Joon Chang, 23 Things They Don't Tell You About Capitalism

Related Authors: Ha-Joon Chang | 23 Things They Don't Tell You About Capitalism

Related Topics: boundaries, capitalism, economics, free-markets, regulation, science

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