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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: A set of controversial free‑market economic ideas now dominate the way we think about society.
Chapter 3: Game theory promotes an unusually selfish view of the world.
Chapter 4: Ronald Coase unwittingly led economists to place dealmaking upon a pedestal.
Chapter 5: Numerous economic theories are unduly harsh toward government.
Chapter 6: Free‑rider thinking feels tempting, yet can yield devastating consequences.
Chapter 7: Applying economic reasoning to daily life can lead us in some strange directions.
Chapter 8: People don’t always respond to incentives as economists expect them to.
Chapter 9: Our methods of calculating probability are fundamentally flawed.
Chapter 10: Modern economics is unduly accepting of extreme inequality.
Description
Licence to be Bad (2019) explains how in the past 50 years a small handful of economists has drastically changed the way we think about the subject. 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.
Who Should Listen
- Economists interested in rethinking the subject
- Ethics enthusiasts with an interest in recent thought
- Anyone wondering why we think the things we do