Robert J. Shiller

Phishing for Phools

Robert J. Shiller

Talk: Phishing for Phools

Nobel Prize winner Robert J. Shiller visited Google's office in Cambridge, MA to discuss the book he co-authored with George Akerlof, "Phishing for Phools: The Economics of Manipulation and Deception". "Phishing for Phools" explores the central role of manipulation and deception in detail in many areas of our lives, explaining a paradox: why, at a time when we are better off than ever before, too many of people 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.

Robert J. Shiller

Robert James "Bob" Shiller is an American Nobel Laureate, economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance.

Phishing for Phools

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.

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