The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street

The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street

Justin Fox


“Do we actually desire yet one more ebook concerning the monetary quandary? convinced, we do—because this one is different….A must-read for a person who desires to comprehend the mess we’re in.”
—Paul Krugman, New York instances ebook Review

 

“Fox makes enterprise heritage thrilling.”
St. Louis Post-Dispatch

 

A energetic historical past of rules, The fable of the Rational industry by former Time Magazine economics columnist Justin Fox, describes with perception and wit the increase and fall of the world’s so much influential making an investment concept: the effective markets thought. either a New York occasions bestseller and outstanding ebook of the Year—longlisted for the Financial Times company publication of the 12 months Award and named certainly one of Library Journal top enterprise Books of the Year—The fable of the Rational industry carries readers from the earliest days of Wall highway to the present monetary difficulty, debunking the long-held fantasy that the inventory industry is often correct within the method whereas intelligently exploring the substitute idea of behavioral economics.

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