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    The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
    The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
    The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
    Audiobook13 hours

    The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street

    Written by Justin Fox

    Narrated by Alan Sklar

    4.5/5

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    About this audiobook

    “Do we really need yet another book about the financial crisis? Yes, we do—because this one is different….A must-read for anyone who wants to understand the mess we’re in.”
    —Paul Krugman, New York Times Book Review

     

    “Fox makes business history thrilling.”
    —St. Louis Post-Dispatch

     

    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. Both a New York Times bestseller and Notable Book of the Year—longlisted for the Financial Times Business Book of the Year Award and named one of Library Journal Best Business Books of the Year—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.

    LanguageEnglish
    PublisherHarperAudio
    Release dateFeb 9, 2010
    ISBN9780061990892
    Author

    Justin Fox

    Justin Fox is editorial director of the Harvard Business Review Group, and a contributor to Time magazine and PBS's Nightly Business Report. Previously, he was a columnist at Time and an editor and writer at Fortune. He lives in Cambridge, Massachusetts, with his wife and son.

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    Reviews for The Myth of the Rational Market

    4.5/5

    32 ratings2 reviews

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    • 4/5
      Interesting historical review of the evolution of financial markets, with a behavioral bent that reminded me of the courses delivered by Prof. Shiller (Yale, see oyc.yale.edu, now a Nobel laureate); every model is an abstraction made by people who decide what is relevant ;)And people, even economists hiding behind formulas, are a constant confirmation of Cipolla's Laws of Human Stupidity: a pile of degrees will not spare you from being conned or deceived- even by yourself, moreover in a "science" (as criticised by an LSE professor from Eastern Europe) where you can not only chose, but even make your own facts

      1 person found this helpful

    • 5/5
      This is an excellent analysis of financial and economic matters. I read the 2009 HarperCollins Kindle e-book edition rather than the 2011 Harriman House Kindle edition listed here. I do not know whether the later edition made any changes to the earlier edition, but I suspect that the two editions are substantially the same, if not identical, in their contents.