A scathing examination of how, by making market efficiency our moral standard, we've come to believe that bad is good.
Jonathan Aldred is a Fellow and Firector of Studies at Emmanuel College, Cambridge.
[A] fascinating assault on modern economic orthodoxy... It is a
call for us all to put aside our prejudices - some of which have
been invented for us, decades ago - and ask, is this what we need?
Is it even what we really want? -- Tim Stanley * Daily Telegraph
Welcome to the topsy-turvy world of modern economics, where behaving badly is not just normal but definitely smart and even virtuous. In this highly enlightening and hugely entertaining book, Jonathan Aldred guides us through these badlands, revealing its pitfalls, quicksand, and quagmires. It is going to change the way in which we understand many modern debates about economics, politics, and society. -- Ha-Joon Chang, University of Cambridge, author of 23 Things They Don't Tell You About Capitalism and Economics: The User's Guide
This an important and timely book, the best I have recently read on the subject of 'whither economics'? -- Lord Robert Skidelsky, author of Keynes: The Return of the Master and, with Edward Skidelsky, How Much Is Enough? Money and the Good Life
Illuminating ... an unusual approach to critiquing the modern economic canon. -- Paul Collier * Times Literary Supplement *
An entertaining, wide-ranging and often challenging argument. Aldred writes exceptionally well and there is much here to agree with ... It's impossible to do justice to the sheer range of issues tackled. -- Paul Johnson * Literary Review *
Every generation of economists has a thoughtful critic who is too good to be dismissed. Aldred has the understanding and acumen to play that role for the current generation ... Essential. -- Choice Magazine, on THE SKEPTICAL ECONOMIST