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Wednesday 3rd September

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Press Release: Deals Done
Allen Lane/Penguin Press Acquires 23 Things They Don't Tell You About Capitalism

Posted at 12:53PM Monday 10 Aug 2009

Will Goodlad of Allen Lane (Penguin Press) has acquired UK & Commonwealth rights to Cambridge economist Ha-Joon Chang's 23 Things They Don't Tell You About Capitalism at auction from Ivan Mulcahy at Mulcahy Conway Associates for a good five-figure sum.

Ha-Joon Chang's book is a clever and witty dissection of the myths and falsehood that are promoted about capitalism, the operation of free markets and neo-liberal policies.

Will Goodlad said: "Ha-Joon Chang is brilliant, courageous and incredibly, inspiringly thought-provoking - this book is going to demolish the received wisdom and knee-jerk ideology that we are normally subjected to. We know it is going to be an exhilarating read and we can't wait to publish it."

Ha-Joon Chang has worked as a consultant for many international organisations, including various UN agencies such as UNDP (United Nations Development Program) and UNCTAD (United Nations Conference on Trade and Development), the World Bank, the Asian Development Bank, and a number of governments on development policies. He was awarded the 2005 Wassily Leontief Prize for Advancing the Frontiers of Economic Thought.

North American rights were acquired by Peter Ginna of Bloomsbury USA, South Korean rights by Bookie with a six figure pre-empt and Chinese Traditional rights by Goodness Publishing House. Bloomsbury USA, Bookie and Goodness all published Ha-Joon Chang's previous book Bad Samaritans, which has sold over 200,000 copies to date in South Korea.




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