Phishing for Phools
by George A. Akerlof and Robert J. Shiller
Two Nobel laureates on how free markets systematically exploit psychological weakness: manipulation and deception as equilibrium. Brisk and unsettling.
Read it if…
you want to understand why markets sell you what hurts you.
See the book →
Skip it if…
you want a free-market defense.
Try instead: Narrative Economics →
Three things you will actually use
- Markets exploit weakness.
- Deception is an equilibrium.
- Be a hard target.
Do this first
Read the chapter on advertising.
Our verdict
Markets and manipulation.
See the book →
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