Economics predicts that wherever there is a profit, someone will be there to make it. To that, Akerlof and Shiller propose a corollary: Wherever there is an opportunity to profit off people’s weaknesses, someone will exploit it.
Thursday, October 29, 2015
I have a realistically cynical view of free markets and it seems that these two Nobel Prize winners in Economics have something like the same opinion:
Posted by Steve J. at 9:08 PM