PHISHING FOR PHOOLS: THE ECONOMICS OF MANIPULATION AND DECEPTION

PHISHING FOR PHOOLS: THE ECONOMICS OF MANIPULATION AND DECEPTION

By: Akerlof, George A.

Price: ¥750.00

Quantity: 1 available

Book Condition: Very Good


A copy that has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. 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. I n Phishing for Phools, Nobel Prize-winning economists George Akerlof and Ro bert 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, sel lers will systematically exploit our psychological weaknesses and our ignor ance through manipulation and deception. Rather than being essentially beni gn and always creating the greater good, markets are inherently filled with tricks and traps and will "phish" us as "phools." Phishing for Phools therefore strikes a radically new direction in economic s, based on the intuitive idea that markets both give and take away. Akerlo f and Shiller bring this idea to life through dozens of stories that show h ow phishing affects everyone, in almost every walk of life. We spend our mo ney up to the limit, and then worry about how to pay the next month's bills . The financial system soars, then crashes. We are attracted, more than we know, by advertising. Our political system is distorted by money. We pay to o much for gym memberships, cars, houses, and credit cards. Drug companies ingeniously market pharmaceuticals that do us little good, and sometimes ar e downright dangerous. Phishing for Phools explores the central role of manipulation and deception in fascinating detail in each of these areas and many more. It thereby explain.

Title: PHISHING FOR PHOOLS: THE ECONOMICS OF MANIPULATION AND DECEPTION

Author Name: Akerlof, George A.

Categories: Economics,

Publisher: Princeton University Press: 2017

ISBN Number: 0691173028

ISBN Number 13: 9780691173023

Book Condition: Very Good

Seller ID: RWARE0000044081