New book/ebook – Phishing for Phools: The Economics of Manipulation and Deception


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Phishing for Phools:
The Economics of Manipulation and Deception

George A. Akerlof & Robert J. Shiller

George A. Akerlof, Co-Winner of the 2001 Nobel Prize in Economics
Robert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics

To read the entire book description or the introduction,
please visit: where you will also find this book trailer to view:book trailer 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."

"As you would expect, it’s a very clearly written book with tons of examples. And it makes a simple and powerful point about the fragility of the normative, welfare economics conclusions economists tend to draw."–Diane Coyle, The Enlightened Economist

Hardcover | 2015 | $24.95 / £16.95 | ISBN: 9780691168319
eBook edition | ISBN: 9781400873265

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