Chronicles the rise and fall of the efficient market theory and the century-long making of the modern financial industry, Justin Fox’s The Myth of the Rational Market is as much an intellectual whodunit as a cultural history of the purveyors, the perils and possibilities of financial risk.
As the economic crisis and the plight of ordinary Americans deepen, the Obama administration is finally beginning to embrace stronger bank and financial industry reforms proposed by courageous refromers such as Paul Volcker, Sheila Bair, Elizabeth Warren, Barney Frank and former NYS Governor, Eliot Spitzer. It’s about time!