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Over the past 50 years, the way we value what is good and right has changed dramatically. And, argues Jonathan Aldred, it is economics that is to blame.
In his new book Licence to be Bad – How Economics Corrupted Us, Jonathan Aldred tells the story of how a group of economic theorists changed our world, and how a handful of key ideas, from free-riding to Nudge, seeped into our decision-making, and, indeed, almost every aspect of our lives.
Behaviour that to our grandparents’ generation might have seemed stupid or harmful now seems rational, natural, woven into the very logic of things. Economics, Aldred argues, now wields an outsize influence on our lives and values, and has corrupted common-sense morality to a concerning degree. It’s time to put it back in its proper place.