This book will turn every piece of received economic wisdom you've heard on its head. It reveals the truth behind what 'they' tell you and shows how the system really works, including: There's no such thing as a 'free' market. Globalization isn't making the world richer. We don't live in a digital world - the washing machine has changed lives more than the Internet. Poor countries are more entrepreneurial than rich ones. Higher paid managers don't produce better results. This galvanizing, fact-packed book about money, equality, freedom and greed proves that the free market isn't just bad for people - it's an inefficient way of running economies too. Here Chang lays out the alternatives, and shows there's a better way.

Author Biography

Ha-Joon Chang has taught at the Faculty of Economics and Politics, University of Cambridge, since 1990. In addition to numerous articles in journals and edited volumes, he has published seven books (three of them co-authored) and eight edited books (six of them co-edited). His books include the international bestseller Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism and Kicking Away the Ladder, winner of the 2003 Myrdal Prize. In 2005, Chang was awarded the Leontief Prize for Advancing the Frontiers of Economic Thought. His writings have been translated into thirteen languages.