Ever since the nineteenth century, people have claimed that the prosperity enjoyed by the First World was the result of its devotion to unconstrained economic freedoms. Chang claims that, in fact, First World success was due to exactly the kinds of state intervention that traditional economic thinking consistently opposes today. His detailed analysis of how Britain and the United States came to dominate the emerging global economy highlights their willingness to exploit the apparatus of the state to achieve such results. He also shows how the financial, legal, and institutional bodies claimed as essential to the West's economic muscle were actually the products of its economic dominance.
- International Booker Prize
- 2025 Women's Prize for Nonfiction
- The Arthur C. Clarke Award
- Uplifting Reads to Kickstart Your Year
- Bestsellers of 2024
- Nero Book Awards
- Great Reads from Around the World
- THE POLARI PRIZE
- World Poetry Day
- International Women's Day
- Business Book of the Year 2024
- Nobel Prize in Literature 2024 - Han Kang
- Reading Marathon September
- See all
- World Cancer Day
- International Day of Women and Girls in Science
- Magazines
- World Photography Day
- See all