Phishing for Phools : The Economics of Manipulation and Deception by Robert...

Phishing for Phools : The Economics of Manipulation and Deception by George A. Kerlof and Robert G. Shiller. First edition of "this tour de force" (Alan Blinder). Octavo, original boards. Fine in a fine dust jacket. Jacket illustration by Edward Koren. Jacket illustration by Jason Alejandro. 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." "In an entertaining and lively account, Akerlof and Shiller show that while the pursuit of profits may lead to products that enrich our lives, it may also lead to manipulation and deception. Book Condition: Very good. Pages are clean and binding tight. Comes from a smoke-free home. It has the original dust jacket. This book is not a BCE (Book Club Edition), not remainder marked, not a reprint. Cover art. Please see photographs. Thank you for stopping by...