Robert Shiller
Animal Spirits
Robert Shiller

Animal Spirits

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  • Jose Galindohas quoted5 years ago
    But the bounty of capitalism has at least one downside. It does not automatically produce what people really need; it produces what they think they need, and are willing to pay for. If they are willing to pay for real medicine, it will produce real medicine. But if they are also willing to pay for snake oil, it will produce snake oil
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