In this book, Cambridge economist Ha-Joon Chang explains how the global economy works in real-world conditions in an engaging and accessible way. Chang offers readers insights not found in economics textbooks, and he does so with a deep understanding of history, wit, and a gentle disregard for traditional economic theories.
Unlike many economists who offer a single perspective on their subject, Chang examines a variety of theories—from classical to Keynesian—demonstrating the advantages and disadvantages of each, convincingly demonstrating that there is no single correct approach to explaining economic functioning. Instead of a single "correct" theory, the author offers a set of tools to help you better understand how the modern economy functions in a global, interconnected world.
Through the future of the European currency, inequality in China, the state of manufacturing in the US, and other details, you will learn how the global economy works and why it affects your life.
