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SUMMARY:Neoliberalism: the theory and the empirics - Dr Ha-Joon Chang | Re
 ader in the Political Economy of Development\, Faculty of Economics\, Univ
 ersity of Cambridge.
DTSTART:20160303T180000Z
DTEND:20160303T190000Z
UID:TALK64341@talks.cam.ac.uk
CONTACT:Alison Carter
DESCRIPTION:“In his 2008 book\, Bad Samaritans: The Myth of Free Trade a
 nd the Secret History of Capitalism\, Chang – an economist himself\, a s
 pecialist in the political economy of development – mocked one of the ce
 ntral orthodoxies of his profession: the belief that global free trade rai
 ses living standards everywhere. 23 Things They Don't Tell You About Capit
 alism assaults economic orthodoxy on a much larger front. Dip into this wi
 tty\, iconoclastic and uncommonly commonsensical guide to the follies of e
 conomics\, and\, among many other things\, you will learn that free market
  policies rarely make poor countries richer\; global companies without nat
 ional roots belong in the realm of myth\; the US does not have the highest
  living standards in the world\; the washing machine changed the world mor
 e than the internet\; more education does not of itself make countries ric
 her\; financial markets need to become less\, not more efficient\; and –
  perhaps most shocking to Chang's colleagues – good economic policy does
  not require good economists. Each of Chang's 23 propositions may seem cou
 nterintuitive\, even contrarian. But every one of them has a basis in fact
  and logic\, and taken together they present a new view of capitalism.”\
 nReview by John Gray\, August 2010. The Guardian
LOCATION:Fitzwilliam College | Upper Hall 
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