Licence to be Bad: How Economics Corrupted Us by Aldred
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Licence to be Bad: How Economics Corrupted Us examines how economic theory and practice have shaped moral behavior across modern society. Aldred argues that the dominance of economic thinking has provided justification - even permission - for increasingly unethical conduct in business, politics, and everyday life. Rather than treating economics as a neutral science, the book traces how specific economic ideas have become embedded in institutional structures and personal decision-making, effectively licensing behavior that previous generations would have considered unacceptable.
The work explores concrete examples of how economic rationalization has enabled corporate malfeasance, regulatory capture, and the erosion of public goods. Aldred does not present economics itself as inherently corrupt, but instead shows how certain schools of economic thought - particularly those emphasizing individual rational self-interest above all else - have created frameworks in which harm becomes defensible or invisible. The analysis draws on history, philosophy, and contemporary case studies to build a case about the relationship between intellectual systems and social outcomes.
This is essential reading for anyone seeking to understand how we arrived at current levels of institutional distrust and economic inequality. The book assumes no prior background in economics and makes its arguments accessible to general readers while offering sufficient depth for those with academic training.
- Explores the philosophical roots of modern economic thought
- Examines real-world consequences of economic theory in practice
- Questions the neutrality of economic science
- Accessible to readers without economics background
- Scholarly but non-technical approach
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