Robert Shiller on the Economics of Deception
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- Опубліковано 15 лип 2024
- Nobel economist Robert Shiller reveals how manipulation and deception are integral to how markets function - they are designed to systematically exploit our psychological weaknesses and ignorance. So what can help arm us against these tricks and traps?
For too long, we have believed that markets are generally benign institutions, geared to deliver us material well-being.
In fact, manipulation and deception are integral to how markets function, and, as long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and ignorance.
What can help arm us against these tricks and traps? Greater knowledge, reform, regulation?
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thank u robert shiller for this wonderful speech/lecture and thnk u RSA for posting this and thnk u YT for hosting it =]
Very good and worth following up his references
Excellent video.
at 16-17 min. 15% of drinkers are alcoholics. Interestingly, 20% of users of opiates and cocaine are addicts - most people think its more but the data on this is well established. Further, psychedelics are non-addictive. Its all in the neurology. Great talk Prof Shiler, big fan. D.A., J.D., NYC
Great video. Deserves more views.
Voted up for mentioning Vance Packard (and I want to see more on this topic).
This is a great insight, thank you for that. Unfortunately the back ground music makes it difficult to follow and requires me (anyway) to listen twice.
What music? There was maybe a very mild static but that's about it.
Economics is not a science.
This guy *almost* sounds like David Spade.
I don't understand why would you need WiFi for a talk. You should be listening to the guy, not checking your phone or laptop. I am referring to the WiFi network name and password given on the screen.
"What can help arm us against these tricks and traps? Greater knowledge, reform, regulation?"
No, not via great knowledge, reform, and regulation. Habit and addiction far outdate capitalism. Feudalism was rife with habituation and addiction, so were ancient times. BTW, puritan asceticism is also a "habituation" --the addiction to self-denial. Modern consumer madness is a rubber-banding from these strict Feudal and early capitalism (save and work hard, but do not spend frivolously). This is all rooted in sexual repression, the denial of gratification of instinctual primary drives. The real solutions then lies in things like getting back into nature, sex-positive education (NOT the current perverse liberal or conservative versions), yoga, dance, body healing arts such as massage therapy, organic foods, etc. We need to heal the effects of thousands of years of repression so we are not vulnerable to its exploitation. The phenomenon of market manipulation is more a symptom that exasperates the inter-generational neuroses passed down from harsh restrictive times. We cannot throw policy at it, or theory, or "reform." We must heal the body and psyche of the trauma of our historical hell.