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.
"Good examples and reasoning."
In this bold and potentially urgent volume, Robert J. Shiller, a respected expert on market volatility, offers an unconventional interpretation of recent U.S. stock market highs and warns that poorer performance may be in the offing. He tells us how we - as a society and individually - can respond. Hear an exclusive interview with Robert J. Shiller - FREE!
"Very academic, but thorough and informative"
The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide.
"A Relevant Portrayal of Behavioral Economics"
The reputation of the financial industry could hardly be worse than it is today in the painful aftermath of the 2008 financial crisis. New York Times best-selling economist Robert Shiller is no apologist for the sins of finance - he is probably the only person to have predicted both the stock market bubble of 2000 and the real estate bubble that led up to the subprime mortgage meltdown. But in this important and timely book, Shiller argues that, rather than condemning finance, we need to reclaim it for the common good.
"A good intro to finance"
Marketplace host David Brancaccio asks Yale economist Robert J. Shiller about the swings in the stock market since April 2000. Shiller asserts that despite several months of volatility, investors remain unjustifiably overconfident because of the long bull market.
"Pretty good interview"
The subprime mortgage crisis has already wreaked havoc on the lives of millions of people, and now it threatens to derail the U.S. economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it.
Books piling up on your desk? No time to read? Save money, time, and accelerate your learning. For years, successful executives have been relying on getAbstract to summarize the most critical business books and deliver them in a flash. Now you can, too!
This audio collection summarizes the following three handpicked books, all by Robert J. Shiller, that cover exactly what you want to know in this topic: The New Financial Order: Risk in the Twenty-First Century; Irrational Exuberance; The Subprime Solution: How Today's Global Financial Crisis Happened and What to Do about It.
"How Wage Insurance Could Ease Economic Inequality" is from the March 11 2016, Business section of The New York Times. It was written by Robert J. Shiller and narrated by Paul Ryden.