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

Paperback | February 8, 2011

byJustin Fox

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“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<_o3a_p>

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“Fox makes business history thrilling.”
St. Louis Post-Dispatch<_o3a_p>

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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.<_o3a_p>

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From the Publisher

“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 ...

From the Jacket

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 ...

Justin Fox is editorial director of the Harvard Business Review Group, and a contributor toTimemagazine and PBS'sNightly Business Report. Previously, he was a columnist atTimeand an editor and writer atFortune. He lives in Cambridge, Massachusetts, with his wife and son.

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Format:PaperbackDimensions:416 pages, 8 × 5.31 × 0.94 inPublished:February 8, 2011Publisher:HarperCollinsLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0060599030

ISBN - 13:9780060599034

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Editorial Reviews

“A thoughtful, often fascinating, always illuminating history of the idea of market rationality.”