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Item Details
| Title:
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PHISHING FOR PHOOLS
THE ECONOMICS OF MANIPULATION AND DECEPTION |
| By: |
George A. Akerlof, Robert J. Shiller |
| Format: |
Hardback |
| List price:
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£22.00 |
| Our price: |
£17.60 |
| Discount: |
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| You save:
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£4.40 |
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| ISBN 10: |
0691168318 |
| ISBN 13: |
9780691168319 |
| Availability: |
Usually dispatched within 1-3 weeks.
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| Stock: |
Currently 0 available |
| 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: |
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