A Quote by Ha-Joon Chang

The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.

Ha-Joon Chang

Quote Topics

Accept Because Boundaries Choice Every Exist Fail Free Free Market Freedom Freedom Of Choice Looks Market Only Restrict Restrictions Rules See Some Them Unconditionally Underlying

Quote Author

Ha-Joon Chang
South Korean - Economist
Born: October 7, 1963

Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.

Ha-Joon Chang

This is the marketplace of political ideas. This is how America operates. It's a free market. It's free-wheeling. From the outside, it looks unpredictable. There's a circus-like free market.

Jon Huntsman, Jr.

There is not one grain of anything in the world that is sold in the free market. Not one. The only place you see a free market is in the speeches of politicians.

Dwayne Andreas

My father always said 'There's no free lunch.' My father was right. There's no free lunch and there's no free market. The market is rigged, the market is always rigged, and the rigging is in favour of the people who run the market. That's what the market is. It's a bent casino. The house always wins.

David Hare

There's not a single country that actually approaches economics in a pure, free market, capitalist way. I like the free market - but it very much exists only in textbooks. If I had a choice, and we could live in a very pure world, I would be a supporter of the free markets.

Dambisa Moyo

Political freedom cannot exist without economic freedom; a free mind and a free market are corollaries.

Ayn Rand

It is not true at all that a free market will ensure a democracy. It doesn't. There must be a balance between a free market and some regulations which are essential in order to safeguard the interests of consumers and of people in general.

Mahathir Mohamad

We can't leave everything to the free market. In fact, climate change is, I would argue, the greatest single free-market failure. This is what happens when you don't regulate corporations and you allow them to treat the atmosphere as an open sewer.

Naomi Klein

The term ‘free market’ is really a euphemism. What the far right actually means by this term is ‘lawless market.’ In a lawless market, entrepreneurs can get away with privatizing the benefits of the market (profits) while socializing its costs (like pollution).

Steve Kangas

Dictatorships can exist with free markets - not that China is really a free market - especially in poor countries where the regime insists that it's a choice between food and liberty, a false choice. But increasing affluence will inevitably result in political pressure.

Garry Kasparov

The free market is the epitome of life itself. This is something that all scientists recognise because science itself operates on free market lines.

John Sulston

Underlying most arguments against the free market is a lack of belief in freedom itself.

Milton Friedman

We want a free market, but we know that the paradox of a 'free' market is that sometimes you have to intervene. You have to make sure it's not the law of the jungle but the laws of democracy that works.

Margrethe Vestager

I find it quite useful to think of a free-market economy - or partly free market economy - as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.