You are invited to join Yale's Nobel Prize Winning Economist, Professor Robert Shiller and Yale alumni at Kayne Capital for a cocktail reception followed by a talk by Professor Shiller on The Pitfalls of a Free Market System.
The free market is designed to trick us–at least, that's what Nobel Prize-winner Robert Shiller argues in his new book Phishing for Phools. His take is simple: contrary to what Adam Smith taught us (that the free market primarily helps us) Shiller says it provides some benefits, but it's also designed to sneakily chip away at our life's savings. Hailed as an "entertaining and lively" account (Joseph Stiglitz) the book gives concrete examples of how the market we put so much faith in is ruining us–from overpriced gym memberships and higher credit card limits, to manipulative advertisements and big name pharmaceuticals. He'll challenge the free market norms we've come to trust, explain why people should question basic capitalist assumptions, and use the daily economics everyone encounters as a social commentary on the country's financial state.
Learn more: Listen to Shiller's "Phishing for Phools" TEDTalk. Hosted by Jon Schotz '77 B.A., '81 MPPM, Co-Managing Partner & Co-Portfolio Manager, Kayne Saybrook Municipal Opportunity Fund Copies of Professor Shiller's book will be available to purchase with your registration at a discounted rate. All books will be signed in advance by Professor Shiller. The evening will begin with a networking reception with appetizers and beverages. (Deadline to RSVP is Friday, October 9 at 12pm EST)