Edible Economics: A Hungry Economist Explains the World

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Economic thinking - about globalisation, climate change, immigration, austerity, automation and much more - in its most digestible form

P130: “[more re climate change] “…we need to drive less in personal vehicles….” And government has to determine better living arrangements for us- so we can walk to stores or use public transportation. This is the same egomania that underlined Stalin and Mao’s collectivization drives that killed millions. I enjoyed the conversational and anecdotal format, and the interlinking of stuff I knew with stuff I didn't. Being a history reader, I knew about events like those told in the Anchovy chapter, the Banana chapter, etc., and had a basic understanding of some economic phenomena such as industrialisation overtaking raw-materials based economies in terms of income and prosperity. It reminded me a bit of A History of the World in 6 Glasses in style and aims, though with a different focus as Standage's is history and Chang's is economy. I love this intermingling of foodie enthusiasm and academic erudition! The food stories are not just a pretext for a dry lecture, they are fascinating and engaging in themselves - so much engaging that you won’t realize when they morph into the economic ones. The author has an uncanny ability to connect very different topics into one coherent tale - say, pasta and automobile industry, or anchovy, guano and fertilizers. I almost bribe my reader to get interested in economics. Almost everyone is interested in food, but many people find that economics are too dry, difficult, and technical. So I’m trying to lure my readers into the book by telling them interesting stories about food and then making that transition into economic arguments. You are what you eat, in the same way that you are what you know, the book seems to say. A seemingly unlikely parallel is drawn between the understanding of food and economic thinking, only to reveal itself as universal and foundational as human existence itself. At the end of the day, we are no hunter-gatherers and our economic activities and financial choices are what brings food to the table. We have a choice, therefore, both in our economic choices and our dietary selections. This book is an encouragement to choose to broaden our culinary horizons and seek a diverse economic diet. Diversity will not only make difficult concepts more palatable, but it will also surely enrich our lives.

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Economics affects all aspects of our lives – but who is writing the basic recipe we're cooking from, and how much do we really know about the ingredients? My food stories are a bit like the ice cream that some of your mums may have offered to ‘bribe’ you to eat your ‘greens’ – except that in this book ice cream comes first, the greens later (what a deal!)” - admits Ha-Joon Chang in the preface. But he is also right when he adds: “my economic stories are going to be rewards in themselves because I have made them tastier than the usual by making them more varied in kind and more complex in flavour”. I asked if there was any country or model that he regarded as exemplar. “No one’s perfect, you have to learn different things from different countries. In terms of building productive capabilities, you should look at countries such as Germany, South Korea, even Taiwan, which has used various types of industrial policy.”

Would I recommend this book? Yes, if you're an adventurous eater like me, who also likes micro-history books and the mixing of topics in an amenable way. This book reminded me why Southeast Asian cuisine is the one ethnic food group I most want to try, and reassured me in my obstinately experimental tastes. There's no ethnic food I won't try, to the point those that know me ask me half-teasingly and half-seriously, "Just what don't you like?" Well, perhaps okra, but now that Mr Chang mentioned gumbo was what convinced his palate to welcome okra, I'm going to try it one day. For decades, a single free market philosophy has dominated global economics. But this is bland and unhealthy - like British food in the 1980s, when bestselling author and economist Ha-Joon Chang first arrived in the UK from South Korea. Just as eating a wide range of cuisines contributes to a more interesting and balanced diet, so too is it essential we listen to a variety of economic perspectives.

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Chang was close to the former shadow chancellor John McDonnell (“a very smart guy”) when he was on Labour’s front bench, but he is not enthused by the party’s present leadership. “Keir Starmer is basically saying we’ll maintain the same model with a few modifications, fewer rough edges, maybe a bit more caring. He’s not proposing to reindustrialise Britain or seriously reform the financial system.” My two greatest passions are food and economics, and I thought that this book was a natural pairing of two things that I dearly love. For one reason or another, I never got to write this book until couple of years ago.