The Myth of the Rational Market

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Exploring the evolution of the modern financial industry, the narrative delves into the rise and decline of the efficient market theory, intertwining intellectual debates with cultural history. It highlights influential figures who shaped finance, from Wall Street's early days to contemporary crises. The book captures the drama of scholars who gained and lost fortunes, engaged in fierce intellectual battles, and influenced global markets. It ultimately examines the dual nature of free market capitalism, showcasing both its wealth-generating potential and inherent risks.