The Myth of the Rational Market

The Myth of the Rational Market

A History of Risk, Reward, and Delusion on Wall Street

Book - 2009
Average Rating:
1
Rate this:
"Do we really need yet another book about the financial crisis? Yes, we do--because this one is different....A must-read for anyone who wants to understand the mess we're in."
--Paul Krugman, New York Times Book Review

"Fox makes business history thrilling."
--St. Louis Post-Dispatch

A lively history of ideas, The Myth of the Rational Market by former Time Magazine economics columnist Justin Fox, describes with insight and wit the rise and fall of the world's most influential investing idea: the efficient markets theory. Both a New York Times bestseller and Notable Book of the Year--longlisted for the Financial Times Business Book of the Year Award and named one of Library Journal Best Business Books of the Year--The Myth of the Rational Market carries readers from the earliest days of Wall Street to the current financial crisis, debunking the long-held myth that the stock market is always right in the process while intelligently exploring the replacement theory of behavioral economics.

Publisher: New York : Collins Business, c2009.
Edition: First edition
ISBN: 9780060598990
0060598999
Branch Call Number: 332.6401 FOX J
Characteristics: xvi, 382 pages ; 25 cm.

Opinion

From the critics


Community Activity

Comment

Add a Comment

j
JoseRaez
Aug 05, 2017

This is a good book that takes the reader through the history of the efficient market theory, including the academic debates that economy professors engaged throughout the 20th century. Sometimes, the book feels more like an academic review of the subject matter, making it a cumbersome reading experience. The book end with the 2008 financial crisis, making clear that the efficient market theory (which contends that the market knows best and all assets are properly priced based on intrinsic values) was not a useful approach for society and participated in the creation of bubbles. The book is worth reading if you want to get an in-depth knowledge of economics and finance in the 20th century.

Age

Add Age Suitability

There are no ages for this title yet.

Summary

Add a Summary

There are no summaries for this title yet.

Notices

Add Notices

There are no notices for this title yet.

Quotes

Add a Quote

There are no quotes for this title yet.

Explore Further

Browse by Call Number

Recommendations

Subject Headings

  Loading...

Find it at LPL

  Loading...
[]
[]
To Top