Source: Underthrow
by Max Borders
“When Barack Obama won the Nobel Peace Prize in 2009, most people looked at each other wondering what they had missed. Now, in 2026, two Nobel laureates in economics have produced an argument that ought to make us stroke our chins. Writing in Evonomics, George Akerlof and Robert Shiller argue for more regulation. Indeed, they write that they ‘wrote it for government officials, who undertake the usually thankless task of regulating business.’ They argue that markets create powerful incentives to take advantage of people—not necessarily because entrepreneurs are evil, but because businesspeople tend to exploit opportunities to profit from human weakness.” (10/05/26)