_phishing-for-phools-the-economics-of-manipulation-and-deception-george-a-akerlof-amp-robert-j-shiller.jpg "Phishing for Phools: The Economics of Manipulation and Deception, George A. Akerlof & Robert J. Shiller from traps gym Video Screenshot Preview")
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⏲ Duration: 3 min 51 sec
✓ Published: 19-Aug-2015
✓ Published: 19-Aug-2015
Description:
Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize–winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception. Rather
Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize–winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception. Rather
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