Energy, Climate, New Economic Thinking​

Day: June 25, 2019

Licence to be Bad: How Economics Corrupted Us

By Jonathan Aldred. Modern economics, the author argues, dismisses ethics in favour of a narrow focus on self-interest. “The argument that both parties to a voluntary transaction must be better off, otherwise it wouldn’t take place,” he writes, “is used to wash away all considerations of justice, fairness, responsibility, exploitation and so on.” The Economist