Freemarket economists like to pretend that economic planning has no role in a successful economy. But many economists now recognize the important role of industrial policy, as HaJoon Chang explains in this thirteenth lecture in INET’s “Economics For People” series.

About “Economics for People”:

“It is extremely important for our democracy to function that ordinary citizens understand the key issues and basic theories of economics.” – HaJoon Chang

Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem.

In the new series “Economics For People” from the Institute for New Economic Thinking (INET), University of Cambridge economist and bestselling author HaJoon Chang explains key concepts in economics, empowering anyone to hold their government, society, and economy accountable.