Myth of the Rational Market

A New York Times Bestseller and Notable Book: "A rich history of the world''s most seductive investing idea." —BloombergA Library Journal Best Business Book of the YearA 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. Longlisted for the Financial Times Business Book of the Year Award, The Myth of the Rational Market carries readers from the earliest days of Wall Street to the global financial crisis and Great Recession, debunking the long-held myth that the stock market is always right in the process while intelligently exploring the replacement theory of behavioral economics."A fascinating historical narrative, beginning with economist Irving Fisher''s paean to markets in, alas, 1929." —Roger Lowenstein, The Washington Post"Brilliantly tells the story of how [the finance industry''s] edifice was