[lbo-talk] Free eBook: _Justin Fox: The Myth of the Rational Market_

Max Sawicky sawicky at verizon.net
Thu Nov 3 10:07:07 PDT 2011


It's a nice book, not so much about economic or finance theory as much as about the economists who produced that theory.

There was a little discussion of the book at my old stomping ground, TPM Café, still up:

http://tpmcafe.talkingpointsmemo.com/2009/07/13/the_myth_of_the_rational_market/

On Thu, Nov 3, 2011 at 10:26 AM, Carrol Cox <cbcox at ilstu.edu> wrote:


> Doug ought to review this someplace.
>
> Carrol
>
> -----Original Message-----
> From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org]
> On Behalf Of Charles Turner
> Sent: Thursday, November 03, 2011 8:44 AM
> To: lbo-talk
> Subject: [lbo-talk] Free eBook: _Justin Fox: The Myth of the Rational
> Market_
>
> Not an endorsement, I haven't read it, but available for free here:
>
> <http://burundi.sk/monoskop/log/?p=3035>
>
> Here's the blurb excerpt:
>
> "Chronicling the rise and fall of the efficient market theory and the
> century-long making of the modern financial industry, The Myth of the
> Rational Market by former Time Magazine economics columnist Justin Fox
> is as much an intellectual whodunit as a cultural history of the
> perils and possibilities of risk. The book 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 calamity of today. It's a tale that features professors who
> made and lost fortunes, battled fiercely over ideas, beat the house in
> blackjack, wrote bestselling books, and played major roles on the
> world stage. It's also a tale of Wall Street's evolution, the power of
> the market to generate wealth and wreak havoc, and free market
> capitalism's war with itself."
>
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