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Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. Nobel-Prize winner Robert J Shiller delivers a fundamental challenge to this insight, arguing that markets, inherently filled with tricks and traps, harm as well as help us. He shows how manipulation and deception  affects everyone, and explains why, at a time when we are better off than ever before in history, all too many of us are leading lives of quiet desperation when it comes to finance and economics.

In partnership with the Royal Economic Society

Robert J Shiller

Robert J Shiller, the recipient of the 2013 Nobel Prize in economics, is a best-selling author of Irrational Exuberance, a regular contributor to the Economic View column of the New York Times, and the Sterling Professor of Economics at Yale University. His books include Finance and the Good Society, Animal Spirits (co-written with George A. Akerlof), The Subprime Solution, and The New Financial Order. His new book is Phishing for Phools: The Economics of Manipulation and Deception (co-written with George A. Akerlof).