Licence to be Bad (PDF)

Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred

Read Licence to be Bad Licence to be Bad Characters ✓ PDF, DOC, TXT or eBook Economics theorists changed our world and how a handful of key ideas from free riding to Nudge seeped into our decision making and indeed almost all aspects of our lives Aldred reveals the extraordinary hold of economics on our morals and values Economics has corrupted us But if this hidden transformation is so recent it can be reversed Licence to be Bad shows us where to beginOver 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 s. A appropriate sub heading would be How Neoliberal Economics Corrupted Us The choice made is understandable given that broader titles attract eyes so not so much a criticism as an observation And given that most of contemporary economics is held together by the principles of neoliberal ideas anyway the 21st century reader won t be left wanting for muchAldred spends the vast majority exploring the source of such economics by scrutinizing 20th century Chicago School economics that gave us the likes of Hayek Friedman whose ideas were then adopted by Reagan Thatcher in the US UK respectively Thanks to globalization and the disproportionate influence of these two in international trading and well in the case of the US it s often literal military intervention and sponsored coups the religion of free market and its crusade against the Keynesian welfare state model spread far beyond their shores and we re left with what we have today CoolThe book is divided into 10 chapters 8 of which are dedicated to dissecting what would be fair to presume Aldred considers to be the most influential theories and ideas in shaping present day monetary relations and here s the corruption he talks about how people view their social relations He provides ample evidence to suggest that economic postulates have bled into our individual conceptions of right and wrong leading to a society which now has systems in place to sell citizenships to the highest bidder has created a market where countries may purchase licences to pollute and where anti discrimination laws are constantly being chipped away under the free market penalizes discrimination rhetoric You know ideas that seem ridiculous if thought about from any angle other than the one that presents profit as the highest social goodOn the other hand when he s not pointing out the absurdities of our economically derived beliefs Aldred is pointing to the pitfalls of the abstract theories within the discipline itself Famously economists have come up with some truly absurd ideas by using homo economicus in their models Homo Economicus being a rational narrowly self interested portrayal of an individual in society who is supposed to be a stand in for homo sapiens who surprise surprise are neither rational nor entirely self interested I feel compelled to place doubt upon the word rational as it is used here since what is considered rational behaviour by economists is prescriptive rather than descriptive It conjures up a figure that considers mathematical probabilities before making decisions something that worldly economists have proved does not match with the lived realities of homo sapiens In fact as Aldred readily points out when these mathematically minded rational economists are themselves part of experiments that test their theories they actively choose to not employ what they purport to be rational behaviour in their academic work This happens even when they re granted a second chance and allowed to change their minds about their irrational choices they overwhelmingly stick with their original decisions Speaking of mathematics Aldred seems to suggest that apart from the ideological push from Chicago economists the new face of economics has a lot to do with the so called physics envy economists drive to angle their studies closer to the pure sciences rather than the social sciences Mathematical rigour takes precedence over ethics morality philosophy etc devolving to the point of a tendency to place numbers in monetary terms upon matters that have no precedents in the real world There have been serious suggestions from Noble prize winning economists for selling babies in the free market That should say a lot This undermining of the social sciences also shows in the citations of research in the economic discipline as economists are the least likely to cite research from other disciplines and are also uniuely the only group that when uestioned alongside historians sociologists political scientists psychologists and business school professors disagreed that inter disciplinary knowledge is better than knowledge from a single discipline Much of this can be chalked up to again the aforementioned physics envy since economists conceive their observational position to be the same as that of a physicist Some lordly scientist who observes the universe with a rational eye and draws models around it What they re missing is the acknowledgement that unlike the particles in physics when you observe an economy made up of human beings and create models that will be turned into legislation and corporate practice your sentient subjects aware of being observed will change their behaviour to adapt to the new environment they ve been trapped inPut plainly being a social scientist comes with its caveats and until economists accept it and change their methods accordingly we ll continue to speed through with theories that do not do a satisfactory job at capturing the complexities of human societyThe book closes with some suggestions on how the field can transform itself one most importantly being the use of actual field work that focuses on solving the real problems of real people rather than crunching abstract numbers for theoretical developments within the field What I find personally interesting is what changes such critiue Aldred is definitely not alone in this fight can bring to the field In an age where there s increased awareness anxiety appropriately about the incoming climate catastrophe and the inability if not exacerbation of market based solutions to tackle them would economists continue to be bull headed about the lens they view the world with Or could they in the face of possible extinction expand their view and think of something beyond the same old financial incentives

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Licence to be Bad

Read Licence to be Bad Licence to be Bad Characters ✓ PDF, DOC, TXT or eBook Eems rational natural woven into the very logic of things And asserts Jonathan Aldred in this revelatory new book it's economics that's to blame Licence to be Bad tells the story of how a group of economics theorists changed our world and how a handful of key ideas from free riding to Nudge seeped into our decision making and indeed almost all aspects of our lives Aldred reveals the extraordinary hold of economics on our morals and values Economics has corrupted us But if this hidden transformation is so recent it can be reversed Licence to be Bad shows us where to begin. Overly simplistic explanation of economic theories that assumes all economists are the same despite the differences among economists that he himself outlines in the book He sets up a straw man designed to be torn down Economics is complex because it is about people and the tools of economics are designed to allow for scenario building and thinking through scenarios Hence the joke that economists always say on the one hand and on the other hand

Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred

Read Licence to be Bad Licence to be Bad Characters ✓ PDF, DOC, TXT or eBook '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 seems rational natural woven into the very logic of things And asserts Jonathan Aldred in this revelatory new book it's economics that's to blame Licence to be Bad tells the story of how a group of. Keynes uip 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 good value maximizers that we took off a lot of guardrails that were out of bounds in simpler times I get the point when you shoehorn people into the role of little Pac mans gobbling up utility points of money you get a perverse idea of what is acceptable in law and politics Still while I agree on the perversity of the current dispensation and respect some older taboos but I can t help thinking this is the same kind of argument a bible thumper can make on novel ideas like gay marriage because they are recent innovations An economic critiue is needed but I don t think a decline narrative is an apt one from a better time economically As much as I loathe the economic players involved in neoliberalism it is not taboo breaking that bothers me but on what they want to do with their economic thinking and on whose behalf they work for that bothers me


10 thoughts on “Licence to be Bad (PDF)

  1. says: Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred Licence to be Bad (PDF)

    Read Licence to be Bad Licence to be Bad (PDF) Jonathan Aldred ô 0 Characters Big time academic economics is a strange area at times and is certainly an acuired taste Theory has been highly abstract and mathematical for uite 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

  2. says: Licence to be Bad (PDF)

    Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred Licence to be Bad (PDF) Keynes uip 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 proble

  3. says: Licence to be Bad (PDF)

    Licence to be Bad (PDF) I really enjoyed this book The author takes a critical look at some of the major trends and schools of thought in contemporary economicsHe first provides an overview of the significant figures involved in each be they Nob

  4. says: Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred Jonathan Aldred ô 0 Characters Licence to be Bad (PDF)

    Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred Jonathan Aldred ô 0 Characters Licence to be Bad (PDF) If you read Swedish I have written a longer review in Smedjan which will be published shortly In summary Aldred basically makes the same old tired criticisms against neoliberalism and disguises it as criticism of economics I had many an angry rant while reading it and I was not very impressed by his critiue

  5. says: Licence to be Bad (PDF) Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred Jonathan Aldred ô 0 Characters

    Licence to be Bad (PDF) Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred Jonathan Aldred ô 0 Characters A appropriate sub heading would be How Neoliberal Economics Corrupted Us The choice made is understandable given that broader titles attract eyes so not so much a criticism as an observation And given that most of contemporary economics is held together by the principles of neoliberal ideas anyway the 21st century reader won't be left wantin

  6. says: Read Licence to be Bad Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred Jonathan Aldred ô 0 Characters

    Read Licence to be Bad Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred Jonathan Aldred ô 0 Characters I gave up on this book a couple of times Shelved under DNF did not finish But my mind would keep going back to it thinking about the things it brought up and I couldn't help but want to read So I'd fish it back from my DNF

  7. says: Licence to be Bad (PDF) Read Licence to be Bad

    Licence to be Bad (PDF) 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

  8. says: Licence to be Bad (PDF) Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred Jonathan Aldred ô 0 Characters

    Licence to be Bad (PDF) Overly simplistic explanation of economic theories that assumes all economists are the same despite the differences among economists that he himself outlines in the book He sets up a straw man designed to be torn down Economics is complex because it is about people and the tools of economics are designed to allow for scenario building and thinking through scenarios Hence the joke that economists always say β€˜on the one hand and on the othe

  9. says: Jonathan Aldred ô 0 Characters Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred Read Licence to be Bad

    Licence to be Bad (PDF) Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred This is an interesting and educating read but pretty hard to grasp if you are not already familiar with the mentioned theories This book is so packed with information that it's hard to read at one go so you will have to put this down and digest what you have read The ending seems somewhat abrupt and Aldred doesn't bring up any research to back up his claims so it falls a bit flat especially after such a great beginning

  10. says: Licence to be Bad (PDF)

    Free read É PDF, DOC, TXT or eBook ô Jonathan Aldred Jonathan Aldred ô 0 Characters Read Licence to be Bad Economics is the perfect case of obsession with uantification gone wrong The effort to formalize the socio economic complexity of world into physics like simple laws had led many a disciplines astray but so with economics mainstreamThe most sinister aspect is the rationale the economists give when their ideas

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  • Hardcover
  • 320
  • Licence to be Bad
  • Jonathan Aldred
  • en
  • 12 November 2019
  • 9780241325438