Book Review: phishing for phools: the economics of manipulation and deception by George A. Akerlof and Robert J. Shiller

In Phishing for Phools: The Economics of Manipulation and Deception, Nobel Prize-winning economists George A. Akerlof and Robert J. Shiller critique free market dogma through an analysis of the ways that markets utilise tricks and traps in order to ‘phish’ us as ‘phools’. Although he suggests that many of the book’s insights may be familiar and at times general, Florian Bon positions Phishing for Phools as an entertaining and accessible read filled with engaging anecdotes that remind us of the capacity of markets to manipulate and deceive.