Licence to be Bad: How Economics Corrupted Us
'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 wi
This book is a collection of discussions on contemporary economic challenges. I found it to be an interesting take on economics overall, but rather challenging to read. I don't recommend this book for n ...more
Aldred spends the vast majority exploring the source of such economics, by scrutinizing 20th century, Chicago School economics th ...more
He first provides an overview of the significant figures involved in each, be they Nobel prize winners, authors etc. Then he discusses the thinking, it's interpretation, and its effect on modern economics and society.
Often, the interpretation is not as originally intended by the major proponents of the initial research. His conclusion and general thread is tha ...more
Really loved how different cogniti ...more
I had the following thoughts (though coming from someone whose profession uses economic ideas in a context where the author might argue they don't belong..)
- Excellent introduction to some of the key players in economics and where these ideas have originated, including their original motivations and the motivations of those who took ...more
So, let me first talk a little about the reason why I thought this belonged to the DNF bin. I felt that the author wasn't particul ...more
I was not able to understa ...more
I would definitely suggest it. 4/5
Ideas including game theory, public choice theory, and free-riding have worked their way into our minds and our discourse, apparently permitting us to behave badly.
The most sinister aspect is the rationale the economists give when their ideas are challenged even though the snake oil they peddle has life and death consequences especially for people on the other side of the planet.