Stating Some Basic Facts

Economics needs some sort of enlightenment to exit the neoclassical marginalistic dark age it is in, basically since the end of the 19th century (ca. 1880). A first step is collecting facts or (re-)stating simple truths. The following interview with Ha-Joon Chang by the Institute for New Economic Thinking (INET) over Chang’s book “23 Things they don’t tell you about capitalism” adds a little bit to that end:

Ha-Joon Chang: “Economics upside down” (INET, Youtube).

Anm.: Zum INET vgl. auch den damaligen Blog-Eintrag: Raum für neue Ideen.