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Ha-Joon Chang

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95% of Economics is common sense deliberately made complicated.
--
Lecture at the RSA about his book 23 Things They Don't Tell You About Capitalism, September 2010.

 
Ha-Joon Chang

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"If there's one thread running through Borlaug's life it's doing -- acting with fierce determination. Working on a problem as fundamental as world hunger is a complicated business, and Borlaug is a complicated man, somehow balancing contradictions ... He is the scientist and the dirt farmer; the advocate of common sense and the master of political subtleties; the humanitarian and the pugnacious fighter; the idealist and the consultant to governments of every political ideology. He has been called a peaceful revolutionary, and the tension in that term - between benevolence and aggressiveness - seems particularly apt."

 
Norman Borlaug
 

It's actually a tribute to the quality of economics teaching that they have persuaded so many generations of students to believe in so much that seems so counter to what the world is like. Many of the things that I'm going to describe make so much more common sense than these notions that seem counter to what ones eyes see every day.

 
Joseph E. Stiglitz
 

He was burning with a sense of outrage. He had been tricked and made a fool of; he had been used and flung aside. And now there was nothing he could do — he was utterly helpless. What affected him most was his sense of the overwhelming magnitude of the powers which had made him their puppet; of the utter futility of the efforts that he or any other man could make against them. They were like elemental, cosmic forces; they held all the world in their grip, and a common man was as much at their mercy as a bit of chaff in a tempest.

 
Upton Sinclair
 

The Common Sense, is that which judges of things offered to it by the other senses. The ancient speculators have concluded that that part of man which constitutes his judgment is caused by a central organ to which the other five senses refer everything by means of impressibility; and to this centre they have given the name Common Sense. And they say that this Sense is situated in the centre of the head between Sensation and Memory. And this name of Common Sense is given to it solely because it is the common judge of all the other five senses i.e. Seeing, Hearing, Touch, Taste and Smell. This Common Sense is acted upon by means of Sensation which is placed as a medium between it and the senses. Sensation is acted upon by means of the images of things presented to it by the external instruments, that is to say the senses which are the medium between external things and Sensation. In the same way the senses are acted upon by objects. Surrounding things transmit their images to the senses and the senses transfer them to the Sensation. Sensation sends them to the Common Sense, and by it they are stamped upon the memory and are there more or less retained according to the importance or force of the impression.

 
Leonardo da Vinci
 

Geography has made us neighbors. History has made us friends. Economics has made us partners. And necessity has made us allies. Those whom nature hath so joined together, let no man put asunder.

 
John F. Kennedy
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