Very often, the judgments by ordinary citizens may be better than those by professional economists, being more rooted in reality and less narrowly focused.
citizen economist focus
Ha-Joon Chang
These are some quotes by South Korean author Ha-Joon Chang Economist, who was born on October 7, 1963.
Quotes by Ha-Joon Chang
A lot of things that we cannot buy and sell in markets used to be totally legal objects of market exchange - human beings when we had slavery, child labour, human organs, and so on. So there is no economic theory that actually says that you shouldn't have slavery or child labour because all these are political, ethical judgments.
