George A. Akerlof and Robert J. Shiller Books
George A. Akerlof is an American economist and Nobel laureate known for his work on information asymmetry, particularly 'The Market for Lemons.
Known for: Phishing for Phools: The Economics of Manipulation and Deception
Books by George A. Akerlof and Robert J. Shiller
Phishing for Phools: The Economics of Manipulation and Deception
In this influential work, Nobel laureates George A. Akerlof and Robert J. Shiller explore how markets, while often efficient, can also exploit human psychological weaknesses. They argue that free markets not only allow but encourage 'phishing'—the manipulation of consumers and investors for profit. Through examples from finance, health, and politics, the authors reveal how deception and exploitation are intrinsic to modern capitalism, urging readers to recognize and mitigate these manipulative forces.
Read SummaryKey Insights from George A. Akerlof and Robert J. Shiller
The Concept of Phools
We begin with a simple yet unsettling idea: in every market there are ‘phools.’ The term isn’t meant to insult, but to describe people — essentially all of us at various times — who are led astray by manipulation. As we define it, a ‘phool’ is someone deceived or seduced into actions that serve anot...
From Phishing for Phools: The Economics of Manipulation and Deception
Economic Theory and Human Psychology
For decades, economists built elegant frameworks assuming that individuals act rationally: they know what they want, they gather information efficiently, and they make choices consistent with maximizing their welfare. Yet, time and again, real-world evidence has shattered this tidy picture. In our c...
From Phishing for Phools: The Economics of Manipulation and Deception
About George A. Akerlof and Robert J. Shiller
George A. Akerlof is an American economist and Nobel laureate known for his work on information asymmetry, particularly 'The Market for Lemons.' Robert J. Shiller is an American economist, Nobel laureate, and professor at Yale University, recognized for his research on asset prices, behavioral econo...
Read more
George A. Akerlof is an American economist and Nobel laureate known for his work on information asymmetry, particularly 'The Market for Lemons.' Robert J. Shiller is an American economist, Nobel laureate, and professor at Yale University, recognized for his research on asset prices, behavioral econo...
George A. Akerlof is an American economist and Nobel laureate known for his work on information asymmetry, particularly 'The Market for Lemons.' Robert J. Shiller is an American economist, Nobel laureate, and professor at Yale University, recognized for his research on asset prices, behavioral economics, and market volatility.
Frequently Asked Questions
George A. Akerlof is an American economist and Nobel laureate known for his work on information asymmetry, particularly 'The Market for Lemons.
Read George A. Akerlof and Robert J. Shiller's books in 15 minutes
Get AI-powered summaries with key insights from 1 book by George A. Akerlof and Robert J. Shiller.