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There is No Such Thing as a Free Market

There is No Such Thing as a Free Market

Assessment

Interactive Video

Business, Social Studies

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Professor Ha-Joon Chang discusses his book '23 Things They Don't Tell You About Capitalism', emphasizing the inseparability of politics and economics. He challenges the notion of a free market, arguing that all markets are regulated and politically influenced. Through personal anecdotes, he illustrates how market objectivity is a myth, shaped by cultural and political factors.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the main argument presented by Professor Ha-Joon Chang regarding the relationship between politics and economics?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Professor Chang challenge the concept of a 'free market'?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What examples does Professor Chang provide to illustrate the regulations present in the American labor market?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what way does Professor Chang describe the perception of regulations in the American labor market?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What personal experience does Professor Chang share to highlight differences in consumer rights between Korea and Britain?

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