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The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall
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The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street Paperback - 2011

by Justin Fox

"TIME" economics columnist Fox describes the rise and fall of the world's most influential investing idea--the efficient markets theory--and its replacement with behavioral economics in a lively history of ideas.


From the rear cover

The financial crisis of 2008 and subsequent Great Recession demolished many cherished beliefs--most significantly, the theory that financial markets always get things right. Justin Fox's The Myth of the Rational Market explains where that idea came from, and where it went wrong. As much an intellectual whodunit as a cultural history of the perils and possibilities of risk, it also brings to life the people and ideas that forged modern finance and investing--from the formative days of Wall Street through the Great Depression and into the financial calamities of today. It's a tale featuring professors who made and lost fortunes, battled fiercely over ideas, beat the house at blackjack, wrote bestselling books, and played major roles on the world stage. It's also a story of free-market capitalism's war with itself.

Details

  • Title The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
  • Author Justin Fox
  • Binding Paperback
  • Edition Reprint
  • Pages 416
  • Volumes 1
  • Language ENG
  • Publisher Harper Business
  • Date 2011-02-08
  • Features Bibliography, Index, Table of Contents
  • ISBN 9780060599034 / 0060599030
  • Weight 0.8 lbs (0.36 kg)
  • Dimensions 7.9 x 5.3 x 1.1 in (20.07 x 13.46 x 2.79 cm)
  • Dewey Decimal Code 332.640

Media reviews

Citations

  • New York Times Book Review, 02/27/2011, Page 28
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