A Quote by Ha-Joon Chang

95% of Economics is common sense deliberately made complicated.

Ha-Joon Chang

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Common Common Sense Complicated Deliberately Economics Made Sense

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

95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical details, can be explained in plain terms.

Ha-Joon Chang

Common sense is not something rigid and stationary, but is in continuous transformation, becoming enriched with scientific notions and philosophical opinions that have entered into common circulation. 'Common sense' is the folklore of philosophy and always stands midway between folklore proper (folklore as it is normally understood) and the philosophy, science, and economics of the scientists. Common sense creates the folklore of the future, a relatively rigidified phase of popular knowledge in a given time and place.

Antonio Gramsci

Anyway that's a large part of what economics is - people arbitrarily, or as a matter of taste, assigning numerical values to non-numerical things. And then pretending that they haven't just made the numbers up, which they have. Economics is like astrology in that sense, except that economics serves to justify the current power structure, and so it has a lot of fervent believers among the powerful

Kim Stanley Robinson

I'm afraid that - not necessarily deliberately, but consistently - I've made a kind of laboratory out of my life, where I mix the stuff in the test tubes to create explosions - possibly resulting in interesting by-products. I mean, not deliberately - I'd be crazy to deliberately do that - or maybe not.

Jay McInerney

I talked on my blog recently about "uncommon sense." Common sense is called "common" because it reflects cultural consensus. It's common sense to get a good job and save for retirement. But I think we all also have an "uncommon sense," an individual voice that tells us what we're meant to do.

Theodora Goss

Didn't you take economics? You could have had me for $49.95.

Patrick Dempsey

Victims recite problems. Leaders develop solutions. That might seem like common sense, but common sense is rarely common practice.

Robin S. Sharma

Mathematics is often erroneously referred to as the science of common sense. Actually, it may transcend common sense and go beyond either imagination or intuition. It has become a very strange and perhaps frightening subject from the ordinary point of view, but anyone who penetrates into it will find a veritable fairyland, a fairyland which is strange, but makes sense, if not common sense.

Edward Kasner

Common sense is science exactly in so far as it fulfills the ideal of common sense; that is, sees facts as they are, or at any rate, without the distortion of prejudice, and reasons from them in accordance with the dictates of sound judgment. And science is simply common sense at its best, that is, rigidly accurate in observation, and merciless to fallacy in logic.

Thomas Huxley

When the philosopher's argument becomes tedious, complicated, and opaque, it is usually a sign that he is attempting to prove as true to the intellect what is plainly false to common sense.

Edward Abbey

Common sense and a sense of humour are the same thing, moving at different speeds. A sense of humour is just common sense, dancing. Those who lack humour are without judgment and should be trusted with nothing.

Clive James

I’m a great believer in common sense, and the older I get I see that common sense is not that common

Iris Apfel

Common sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing.

William James

Common sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing.

Clive James

But feeling is so different from knowing. My common sense tells me all you can say, but there are times when common sense has no power over me. Common nonsense takes possession of my soul.

Lucy Maud Montgomery

The charge is often made against the intelligentsia and other members of the anointed that their theories and the policies based on them lack common sense. But the very commonness of common sense makes it unlikely to have any appeal to the anointed. How can they be wiser and nobler than everyone else while agreeing with everyone else?

Thomas Sowell

A Quote by Ha-Joon Chang

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