Home
/
RELIGION & LIBERTY ONLINE
/
Economics Is for Everyone
Economics Is for Everyone
Apr 9, 2026 5:43 AM

People have strong opinions on a variety of subjects in which they don’t have an advanced degree or training. Yet when es to economics many people defer to “experts.”

But asHa-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 monsense to help us make sense of plicated 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.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Manhattan Declaration: A Call of Christian Conscience
Last week, I joined a group of Christian leaders in Washington to announce the publication of the Manhattan Declaration. This is a landmark document signed by Catholic, Orthodox and Protestant leaders who joined together to “reaffirm fundamental truths about justice and mon good, and to call upon our fellow citizens, believers and non-believers alike, to join us in defending them.” These truths are the sanctity of human life, the definition of marriage as the conjugal union of husband and wife,...
George Washington’s Thanksgiving Proclamation
WashingtonA blessed Thanksgiving to PowerBlog readers. [New York, 3 October 1789] By the President of the United States of America, a Proclamation. Whereas it is the duty of all Nations to acknowledge the providence of Almighty God, to obey his will, to be grateful for his benefits, and humbly to implore his protection and favor– and whereas both Houses of Congress have by their joint Committee requested me to mend to the People of the United States a day of...
Commentary — Chavez: Desperate, Delusional, and Dangerous
It’s ironic – and tragic – that as the world celebrates the twentieth anniversary of Communism’s defeat in Europe, ic-opera that is Hugo Chavez’s “21st century socialist” Venezuela is descending to new lows of absurdity. Beneath the buffoonery, however, there’s evidence that life in Venezuela is about to take a turn for the worse. By buffoonery, I mean President Chavez’s decidedly weird statements of late. These include threatening war against Columbia, advising Venezuelans that it is “more socialist” to shower...
The Novelty of ‘New’ Economics
Some of the aspects of the movement in ‘new economics’ highlighted by Sumita Kale sound quite promising. For instance, it is true that “many issues of economic policy (traditionally called ‘welfare economics’) are primarily ethical-economics in nature, and should be informed by moral philosophy rather than economics in isolation.” The growing conversation between economics and other disciplines, specifically moral philosophy and theology, is most e. Indeed, some of the principles animating the work of the Cambridge Trust for New Thinking...
Acton Media Alert: Talking Health Care in South Florida
Acton Institute President Rev. Robert A. Sirico joined host Dennis O’Donovan this morning on Religion, Politics and the Culture on WLVJ in south Florida for a wide ranging, hour-long discussion on health care reform and the US Conference of Catholic Bishops’ role in the debate, among other topics. You can listen to the interview by using the audio player below. [audio: ...
Column: Health reform threatens practice of charitable care
My new column on health care was published in the Detroit News today. Full text follows: As the health care debate moves to the U.S. Senate, much of the focus has been on how the Catholic bishops’ support of the amendment by U.S. Rep. Bart Stupak, the Menominee Democrat, to prohibit the use of tax dollars to fund abortion was a major victory for the pro-life side. The bishops urged the House of Representatives, through local parishes and in a...
Deacons, Secularism, and the Welfare State
A few weeks ago Hunter Baker posted some thoughts on secularism and poverty, in which he wrote of mon notion that since private charity, particularly church-based care, had failed to end poverty, it seems only prudent to let the government have its chance. Hunter points out some of the critically important elements in creating a culture of prosperity and abundance, what Micah Watson calls “cultural capital.” But it’s worth examining in more detail the point of departure, that is, considering...
Acton Institute presents Guardian of Freedom Award to Giancarlo Ibargüen
Giancarlo Ibárgüen, President of Universidad Francisco Marroquín in Guatemala City, Guatemala, received the institute’s first Guardian of Freedom Award in a ceremony at the university’s campus on Nov. 16. More than 250 guests attended the award ceremony including the presidents of leading free market institutions such as the Atlas Economic Research Foundation, the Cato Institute, Liberty Fund Inc., the Fund for American Studies, the Foundation for Economic Education, and the Acton MBA Program in Entrepreneurship. Rev. Robert Sirico, Dr. Alejandro...
Socialism Flu Shots for Christmas
Got the socialism blues? Worried that a friend or maybe a teenage son or daughter may contract a nasty case of it? Marvin Olasky at World magazine mends former Acton research fellow Jay Richards’ 2009 HarperOne book, Money Greed and God: Why Capitalism Is the Solution and not the Problem: Among the myths Richards demolishes: The Nirvana Myth (contrasting capitalism with an unrealizable ideal rather than with its real alternatives), the Piety Myth (focusing on good intentions rather than results),...
Acton Media Alert: Jayabalan on the Dubai Debt Crisis
Kishore Jayabalan, Director of Acton’s Rome office, was asked by Vatican Radio ment on the debt crisis in Dubai that has been causing concern in world financial markets over the last week. To listen, use the audio player below. [audio: ...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved