The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent.
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.
People 'over-produce' pollution because they are not paying for the costs of dealing with it.
The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.
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 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.
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.](https://www.quoteslyfe.com/images/collection3/quotations632/Good-managers-know-that-people-have-good-632974.jpg)
[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.
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