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Item Details
Title: PHISHING FOR PHOOLS
THE ECONOMICS OF MANIPULATION AND DECEPTION
By: George A. Akerlof, Robert J. Shiller
Format: Hardback

List price: £22.00
Our price: £17.60
Discount:
20% off
You save: £4.40
ISBN 10: 0691168318
ISBN 13: 9780691168319
Availability: Usually dispatched within 1-3 weeks.
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Publisher: PRINCETON UNIVERSITY PRESS
Pub. date: 28 August, 2015
Pages: 288
Synopsis: 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."Phishing for Phools therefore strikes a radically new direction in economics, based on the intuitive idea that markets both give and take away. Akerlof and Shiller bring this idea to life through dozens of stories that show how phishing affects everyone, in almost every walk of life. We spend our money 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 too much for gym memberships, cars, houses, and credit cards. Drug companies ingeniously market pharmaceuticals that do us little good, and sometimes are 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 explains a paradox: why, at a time when we are better off than ever before in history, all too many of us are leading lives of quiet desperation. At the same time, the book tells stories of individuals who have stood against economic trickery-and how it can be reduced through greater knowledge, reform, and regulation.
Publication: US
Imprint: Princeton University Press
Prizes: Winner of Robert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics Winner of Gold Medal in Economics, Axiom Business Book Awards 2016 Joint winner of Co-Winner of the 2001 Nobel Prize in Economics 2001 Commended for Bloomberg View's "The Writing that Shaped Economic Thinking Commended for PROSE Award in Economics, Association of American Publishers Short-listed for Foreign Affairs' Best Economic, Social, and Environmental Short-listed for "The Times Literary Supplement"'s Books of the Year 2016, Short-listed for "The Independent"'s Best Economics Books of the Year 2015 Short-listed for LinkedIn's Best Business Books of the Year 2015
Returns: Returnable
Some other items by this author:
AN ECONOMIC THEORIST'S BOOK OF TALES
AN ECONOMIC THEORIST'S BOOK OF TALES (PB)
ANIMAL SPIRITS (HB)
ANIMAL SPIRITS (PB)
ECONOMIC THEORIST''S BOOK OF TALES (HB)
EFFICIENCY WAGE MODELS OF THE LABOR MARKET
EFFICIENCY WAGE MODELS OF THE LABOR MARKET (PB)
EXPLORATIONS IN PRAGMATIC ECONOMICS (HB)
EXPLORATIONS IN PRAGMATIC ECONOMICS (PB)
FINANCE AND THE GOOD SOCIETY
FINANCE AND THE GOOD SOCIETY (HB)
FINANCE AND THE GOOD SOCIETY (PB)
IDENTITY ECONOMICS
IDENTITY ECONOMICS (HB)
IDENTITY ECONOMICS (PB)
IRRATIONAL EXUBERANCE
IRRATIONAL EXUBERANCE
IRRATIONAL EXUBERANCE (HB)
IRRATIONAL EXUBERANCE (HB)
IRRATIONAL EXUBERANCE (PB)
MACRO MARKETS (PB)
MARKET VOLATILITY (PB)
NARRATIVE ECONOMICS
NARRATIVE ECONOMICS (HB)
PHISHING FOR PHOOLS
PHISHING FOR PHOOLS (PB)
REFORMING U.S. FINANCIAL MARKETS (HB)
REFORMING U.S. FINANCIAL MARKETS (PB)
THE CASE FOR A BASKET (PB)
THE NEW FINANCIAL ORDER
THE NEW FINANCIAL ORDER (PB)
THE QUIET REVOLUTION (HB)
THE SQUAM LAKE REPORT
THE SUBPRIME SOLUTION
THE SUBPRIME SOLUTION (HB)
THE SUBPRIME SOLUTION (PB)
TOO BIG TO SAVE? HOW TO FIX THE U.S. FINANCIAL SYSTEM
TOO BIG TO SAVE? HOW TO FIX THE U.S. FINANCIAL SYSTEM
TOO BIG TO SAVE? HOW TO FIX THE U.S. FINANCIAL SYSTEM
TOO BIG TO SAVE? HOW TO FIX THE U.S. FINANCIAL SYSTEM (HB)
WHAT HAVE WE LEARNED? (HB)
WHAT HAVE WE LEARNED? (PB)

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