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Licence to be Bad: How Economics Corrupted Us

4.09  ·  Rating details ·  33 ratings  ·  3 reviews

'It is going to change the way in which we understand many modern debates about economics, politics, and society' Ha Joon Chang, author of 23 Things They Don't Tell You About Capitalism

Over the past fifty years, the way we value what is 'good' and 'right' has changed dramatically. Behaviour that to our grandparents' generation might have seemed stupid, harmful or simply wicked now see/>Over/>

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Kindle Edition, 311 pages
Published June 6th 2019 by Penguin
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Marks54
Jun 20, 2019 rated it really liked it
Big time academic economics is a strange area at times and is certainly an acquired taste. Theory has been highly abstract and mathematical for quite a while and the empirical tribulations of trying to show evidence in the world for some theoretical claim are daunting. Readers of popular books and policy summaries may easily fail to notice that this is also an elaborate occupation here, with its own detailed rules and status orderings. Academic jobs that pay well are highly competitive and much ...more
Peter Mcloughlin
Keynes quip that every person who considers themselves a practical person of action is in thrall to some dead economist or other. Economic thinking contains values and shapes our view of the permissible. Economics in the mid-twentieth century the author pins it on Austrian School, Chicago Boys, and Strangelovian characters at the Rand Corporation but the villain is homo economicus becoming the paragon of ethics is the problem. We abstracted away a lot of moral strictures in the pursuit of being ...more
Like_magic
Sep 13, 2019 rated it did not like it  ·  review of another edition
Book was just hard for me to follow. There was no roadmap to follow and it was not clear where the author was trying to take me nor what he was trying to convey. I may have been able to understand individual examples but I continually failed to place them into the larger context. In addition to that, there seems to be an overly large (in my opinion) emphasis on the role that individual economic theorists have played in the development of the economy as it stands today.

I was not able to understa
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