[lbo-talk] "Bedlamite" sociology and the EMH

Eubulides paraconsistent at comcast.net
Thu Nov 12 17:24:28 PST 2009


Ted Winslow wrote:
> As I've pointed out before, the Donald MacKenzie and Yuval Millo study
> of the role played by the EMH in the re-emergence, functioning and
> explosive growth of financial derivative markets falsifies the claim by
> Fama that it has played no such role. (MacKenzie and Millo,
> "Constructing a Market, Performing Theory: The Historical Sociology of a
> Financial Derivatives Exchange”, in the American Journal of Sociology,
> Volume 109 Number 1 (July 2003))

===============

I just reread the piece. Where in the interview does Fama say the EMH played no role?



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