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.
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