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Tyler Kubik
2016

Is Eating a Cinnamon Roll Irrational?

Mises Wire

Author: Tyler Kubik

Online Publish Date: January 14, 2016

Category: Calculation and Knowledge, Entrepreneurship, Value and Exchange

The literature on market imperfection and market failure is voluminous, ever-growing, and filled with Nobel laureates. Identify a new source or instance of market “failure,” and you’re likely to win a Nobel Prize, or so it seems. Phishing for Phools: The Economics of Manipulation and Deception , by Nobel Laureates George A. Akerlof and Robert J.

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