The powerful influence of Adam Smith has guided one of the central tenets of economics, that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools: The Economics of Manipulation and Deception, Nobel Prize-winning economists Robert Shiller and George Akerlof deliver a fundamental challenge to this insight, arguing that markets harm as well as help us.
EVENT: On Thursday, October 8 Robert Shiller will be lecturing at the Museum of American Finance, 48 Wall Street, New York, NY 10005 at 5:30 P.M.