When the economist Ha-Joon Chang arrived in Britain in the eighties, he was struck by how bland and homogeneous the British diet was. But it wasn’t just the food – in mainstream economic thinking too, there seemed to only be one item on the menu – the Neoclassical tradition.
Whilst our diet has expanded and diversified since then, our economic preference has remained stubbornly singular. Chang argues that just as a nourishing and appetising diet needs a variety of flavours and nutrients, our economics also needs to borrow from different traditions and ways of thinking in order to produce the best results for the greatest number of people.
Discover more about how economics affects every dimension of our lives - check out Ha-Joon Chang's RSA Animate here.
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