Book notes: Phishing for phools, by George Akerlof and Robert Shiller

A study of the traps markets create for unwitting consumers


George Akerlof and Robert Shiller, Phishing for phools: the economics of manipulation and deception, Princeton University Press, 2015, 288 pages

The actual aim of this book, written by two distinguished Nobel laureates, is rather broader than the title implies. It looks over a wide range of topics to explain how the economic system can deliver outcomes that are to the disadvantage of the consumer and hence to the advantage of the suppliers or other groups with a market advantage. It very much

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account