Ha-Joon Chang Defined Quotations

Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry.

Overcoming the myth that there is such a thing as an objectively defined 'free market' is the first step towards understanding capitalism.