Phishing For Phools: The Economy Is Rigged Against You – And It's Kind Of Your Fault

Phishing For Phools: The Economy Is Rigged Against You - And It's Kind Of Your Fault by Carlos Lozada, The Washington Post

Review of "Phishing For Phools: The Economics Of Manipulation And Deception" by Nobel Prize winners George A. Akerlof and Robert J. Shiller

Phishing For Phools: The Economics Of Manipulation And Deception

By George A. Akerlof and Robert J. Shiller

Princeton University Press. 272 pp. $24.95

George A. Akerlof and Robert J. Shiller are economics nobility. Both have won Nobel Prizes, Akerlof for explaining how “asymmetric information” between buyers and sellers distorts market outcomes, Shiller for his research on the volatility of prices for stocks and bonds. Akerlof happens to be married to Federal Reserve boss Janet Yellen. Shiller...