3 ms·
Just reading this about new book by Akerlof and Shiller https://www.washingtonpost.com/news/wonkblog/wp/2015/10/29/this-kardashian-headline-shows-why-two-nobel
by intrasight 11y ago
Just reading this about new book by Akerlof and Shiller
https://www.washingtonpost.com/news/wonkblog/wp/2015/10/29/this-kardashian-headline-shows-why-two-nobel-winners-say-the-economy-is-broken https://www.washingtonpost.com/news/wonkblog/wp/2015/10/29/t...
"Their latest book, Phishing for Phools, takes the idea further. Not only are people vulnerable to making mistakes with their money, they argue, but the market is exceedingly good at exploiting them."
“The economic system is filled with trickery, and everyone needs to know that,” they write in the book’s opening pages.