In Phishing for Phools, a 2016 book that George Akerlof co-authored with Robert Shiller, the authors wrote without even a hint of irony that people “do not do what is really good for them, they do not choose what they really want.” Please think about the previous bit of absurdity from the two economists. Maybe think a while.
If they’re to be believed, we’re all just a collection of idiots. That’s what their allegedly careful economic analysis concludes.
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