People have strong opinions on a variety of subjects in which they don’t have an advanced degree or training. Yet when it comes to economics many people defer to “experts.”
But as Ha-Joon Chang, a South Korean economist who specializes in development, says, “Economics is for everyone.” Chang argues that we shouldn’t rely on experts to tell us what is true about economics (because they probably don’t know) but instead rely on our own commonsense to help us make sense of a complicated world.
While you likely won’t agree with everything Chang says in this short video, it’s worth watching to hear why ordinary citizens should challenge professional economists.
