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Ha-Joon Chang Quotes: The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.
         

The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.


Ha-Joon Chang
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Other quotes of Ha-Joon Chang


Making rich people richer doesn't make the rest of us richer.

Making rich people richer doesn't make the rest of us richer.



People 'over-produce' pollution because they are not paying for the costs of dealing with it.

People 'over-produce' pollution because they are not paying for the costs of dealing with it.



There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that.

There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that.



95% of Economics is common sense deliberately made complicated.

95% of Economics is common sense deliberately made complicated.



95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical details, can be explained in plain terms.

95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical details, can be explained in plain terms.



The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.

The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.



The washing machine changed the world more than the Internet.

The washing machine changed the world more than the Internet.



A well-designed welfare state can actually encourage people to take chances with their jobs and be more, not less, open to changes.

A well-designed welfare state can actually encourage people to take chances with their jobs and be more, not less, open to changes.



[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down the latter.

[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down the latter.



Countries are poor not because their people are lazy; their people are 'lazy' because they are poor.

Countries are poor not because their people are lazy; their people are 'lazy' because they are poor.





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Nothing in this world is Good or Bad. Our thinking makes it so. A knife is good when a surgeon uses it to save a life & bad when a terrorist uses it to kill.

Nothing in this world is Good or Bad. Our thinking makes it so. A knife is good when a surgeon uses it to save a life & bad when a terrorist uses it to kill.



I was brought up to believe that there is no such thing as failure as long as I'm trying my best. So I've had a 'blood, guts and glory' approach through my whole life.

I was brought up to believe that there is no such thing as failure as long as I'm trying my best. So I've had a 'blood, guts and glory' approach through my whole life.



We must hunt the terrorists down and kill them. There is no other way to respond to those so committed to the destruction of life.

We must hunt the terrorists down and kill them. There is no other way to respond to those so committed to the destruction of life.



I believe when we look different and carry something different, people are going to see that and want it too.

I believe when we look different and carry something different, people are going to see that and want it too.



I'm letting no man handle my bank account.

I'm letting no man handle my bank account.



We need a new global culture that finds the existence of millions of thirsty people thoroughly and immediately unacceptable.

We need a new global culture that finds the existence of millions of thirsty people thoroughly and immediately unacceptable.



Nothing can stop us now 'cause we are all made of stars.

Nothing can stop us now 'cause we are all made of stars.



Born in Jerusalem, Wadie Said went from being a dragoman to a salesman in the United States and thence to a hugely successful businessman in Egypt.

Born in Jerusalem, Wadie Said went from being a dragoman to a salesman in the United States and thence to a hugely successful businessman in Egypt.



I feel a sudden clear focus and perspective. There is no time for anything inessential.

I feel a sudden clear focus and perspective. There is no time for anything inessential.



...after a night spent writing poetry, one is almost happy to hear the milkman at the door.

...after a night spent writing poetry, one is almost happy to hear the milkman at the door.




Quote Description


This page presents the quote "The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.". Author of this quote is Ha-Joon Chang. This quote is about income, way, people, higher, boost, wealth, proportion, economy, best way,.