• finance - History

    Modern Finance is Like Medieval Theology: An Exploration of Ha-Joon Chang’s Insight

    The comparison of modern finance to medieval theology by economist Ha-Joon Chang has sparked much debate and reflection in the world of economics. In his characteristic style, Chang draws parallels between the two, highlighting their complexities, exclusivity, and often dogmatic nature. This article delves into the essence of his perspective, making it accessible to all readers. Understanding Ha-Joon Chang’s Analogy Who is Ha-Joon Chang? Ha-Joon Chang, a renowned economist, critically examines mainstream economic theories.He has authored books like “23 Things They Don’t Tell You About Capitalism” and “Kicking Away the Ladder,” which challenge conventional wisdom and advocate for a more inclusive…