âDo we really need yet another book about the financial crisis? Yes, we doâbecause this one is differentâŚ.A must-read for anyone who wants to understand the mess weâre in.â
âPaul Krugman, New York Times Book Review
âFox makes business history thrilling.â
âSt. 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 worldâs most influential investing idea: the efficient markets theory. Both a New York Times bestseller and Notable Book of the Yearâlonglisted for the Financial Times Business Book of the Year Award and named one of Library Journal Best Business Books of the YearâThe 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.