Showing results by narrator "Bronson Pinchot" in Money & Finance

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 psychological weaknesses and our ignorance through manipulation and deception.

In our daily lives, we're surrounded by wires, pipes, utility poles, cell phone towers, and myriad other infrastructure that facilitates almost everything we do. Even though these systems are essential, when was the last time you gave them much thought? In On the Grid, Scott Huler sets out to understand all of the systems that shape our society - from transportation, water, and garbage to the Internet coming through our cable lines.

Did you know that subsidized goods often cost us more than we'd pay for them in the free market? In fact, we sometimes pay for goods that will never exist at all. It turns out that the free market in America is anything but. How did a system designed to safeguard American farmers turn into the nation's biggest scam?Most of us don't know what subsidies are and don't think they affect us directly, so we tune out. But they have an enormous impact on all of us.