Phishing for Phools

The Economics of Manipulation and Deception
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ISBN-13:
9781522635000
Veröffentl:
2016
Erscheinungsdatum:
31.05.2016
Seiten:
0
Autor:
George A Akerlof
Gewicht:
77 g
Format:
170x134x5 mm
Sprache:
Englisch
Beschreibung:
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 than being essentially benign and always creating the greater good, markets are inherently filled with tricks and traps and will "phish" us as "phools."

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