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
AKERLOF & SHILLER FINALLY CATCH UP WITH ME! :-)
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:
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