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The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
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Tuesday, June 19, 2012 - 1:00pm to 3:00pm
Justin Fox's 2009 book explores the development (mostly during the 20th century) of the idea that the free market is efficient, rational and determines prices appropriately. After the 2008 debacle in subprime mortgages, we may want to understand the function of this concept in our society.