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About
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. 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.
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Reviews
"Do we really need yet another book about the financial crisis? Yes, we do - because this one is different. Fox's book is not an idle exercise in intellectual history, which makes it a must-read for anyone who wants to understand the mess we're in."
Paul Krugman, New York Times Book Review
"Justin Fox is a truly insightful fellow who can see things with his own eyes-a rare, very rare attribute."
Nassim Nicholas Taleb, author of The Black Swan
"A fascinating historical narrative."
Roger Lowenstein, The Washington Post