Edith Wharton's Pulitzer Prize-winning novel Newland Archer is a young lawyer, a member of New York's high society, and engaged to be married to May Welland. Countess Ellen Olenska is May's cousin, and wants a divorce from the Polish nobleman she married. Intelligent and beautiful, she comes back to...
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. In Phishing for Phools, Nobel Prize-winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our...