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Economics For People: Democracy functions if ordinary citizens understand key issues of economics


“It is extremely important for our democracy to function that ordinary citizens understand the key issues and basic theories of economics.” – Ha-Joon Chang Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem. In the new series “Economics For People” from the Institute for New Economic Thinking (INET), University of Cambridge economist and bestselling author Ha-Joon Chang explains key concepts in economics, empowering anyone to hold their government, society, and economy accountable.Ha-Joon Chang Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem. In the new series “Economics For People” from the Institute for New Economic Thinking (INET), University of Cambridge economist and bestselling author Ha-Joon Chang explains key concepts in economics, empowering anyone to hold their government, society, and economy accountable.












Gaps between countries have always existed, but as late as 1700, per capita income in the wealthiest part of the world (Western Europe) was only 2.5x that of the poorest reason at the time (Africa). In this sixth lecture in INET’s “Economics For People” series, Ha-Joon Chang looks at international inequality. About “Economics for People”: “It is extremely important for our democracy to function that ordinary citizens understand the key issues and basic theories of economics.” –








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