{"product_id":"the-myth-of-the-rational-market-a-history-of-risk-reward-and-delusion-on-wall-street-isbn-9780063484467","title":"The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street","description":"\u003cp\u003e\u003cb\u003eThe acclaimed \u003ci\u003eNew York Times\u003c\/i\u003e bestseller—“the rare business history that reads like a thriller” (\u003ci\u003ePublishers Weekly\u003c\/i\u003e)—that tells the story of how we came to believe that financial markets knew best and how that belief steered us wrong, now updated to reflect the latest academic research and market developments.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThe financial crisis of 2008 and the subsequent Great Recession seemed to demolish many cherished beliefs—most significantly, the theory that financial markets always get things right. Justin Fox’s \u003ci\u003eThe Myth of the Rational Market,\u003c\/i\u003e first published in 2009, explained where that idea came from and where it went wrong.\u003c\/p\u003e\u003cp\u003eOur reliance on financial markets hasn’t gone away, and the book’s themes are as relevant today as in the aftermath of the financial crisis. An intellectual whodunit, \u003ci\u003eThe Myth of the Rational Market\u003c\/i\u003e brings to life the people and ideas that forged modern finance and investing—from the formative days of Wall Street through the Great Depression to the financial escapades shaping our lives and economy today. It’s a tale of professors who made and lost fortunes, battled fiercely over ideas, beat the house at blackjack, wrote bestselling books, and played major roles on the world stage.\u003c\/p\u003e\u003cp\u003eIn this new edition, Justin Fox revisits his classic text. All-new material includes\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eAn update on developments in academic economics and finance, which launched rational market theory and are still contending with how much imperfection and irrationality to incorporate into models of financial markets.\u003c\/li\u003e\n\u003cli\u003eA look at what these theories have to tell us about such market phenomena as the triumph of index funds, the rise of cryptocurrencies, meme stocks, the artificial intelligence investing boom, and Elon Musk.\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eA sweeping history hailed for lively storytelling that makes complex economic ideas clear, \u003ci\u003eThe Myth of the Rational Market\u003c\/i\u003e is essential for understanding American economics, investment, and business in the twenty-first century.\u003c\/p\u003e | \u003cp\u003e“An intellectual tour-de-force...” - \u003cb\u003e\u003ci\u003eThe Economist\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“A fascinating historical narrative.” - \u003cb\u003e\u003ci\u003eRoger Lowenstein, The Washington Post\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Impressively broad and richly researched.” - \u003cb\u003e\u003ci\u003eFinancial Times\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“An engaging history...” - \u003cb\u003e\u003ci\u003eJoe Nocera, New York Times\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“...a rich history of the world’s most seductive investing idea...the book chronicles the rise of rational market theory over the decades and captures the sizzle and pop of the intellectual debate ...” - \u003cb\u003e\u003ci\u003eBloomberg\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Good wonky fun.” - \u003cb\u003e\u003ci\u003eBarry Ritholz, The Big Picture blog\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“A valuable and highly readable history of risk and reward.” - \u003cb\u003e\u003ci\u003eBurton Malkiel, Wall Street Journal\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Fox’s explanations of technical material are superbly accurate and readable... Clearly the result of many years of research and reading,... it is a model of what the popularization of social science can be, but too rarely is, and it will continue to be read when the current crisis is many years behind us.” - \u003cb\u003e\u003ci\u003eAmerican Scientist\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Do we really need yet another book about the financial crisis? Yes, we do — because this one is different. Fox’s book is not an idle exercise in intellectual history, which makes it a must-read for anyone who wants to understand the mess we’re in.” - \u003cb\u003e\u003ci\u003ePaul Krugman, New York Times Book Review\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Superbly accurate and readable... Clearly the result of many years of research and reading,... it is a model of what the popularization of social science can be, but too rarely is, and it will continue to be read when the current crisis is many years behind us.” - \u003cb\u003e\u003ci\u003eAmerican Scientist\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“A tough, tasty steak of a book.” - \u003cb\u003e\u003ci\u003eDan Neil, Los Angeles Times\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“A thoughtful, often fascinating, always illuminating history of the idea of market rationality.” - \u003cb\u003e\u003ci\u003eCory Doctorow, boingboing.net\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“This wise and witty book is must reading for anyone who wonders what makes financial markets tick.  Even those who have wrestled with this question for years will be glad to have read Fox’s compelling history.” - \u003cb\u003e\u003ci\u003ePeter Bernstein, author of Against the Gods: The Remarkable Story of Risk\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Justin Fox is a truly insightful fellow who can see things with his own eyes—a rare, very rare attribute.” - \u003cb\u003e\u003ci\u003eNassim Nicholas Taleb, author of The Black Swan\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“His analysis is singularly  compelling, and the rare business history that reads like a thriller... A must-read for anyone interested in the  markets, our economy or government, this dense but spellbinding work brings modern finance and economics to life.” - \u003cb\u003e\u003ci\u003ePublishers Weekly (starred review)\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“A lucid, lively and learned account.” - \u003cb\u003e\u003ci\u003eBarron's\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Fox makes business history thrilling.” - \u003cb\u003e\u003ci\u003eSt. Louis Post-Dispatch\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e","brand":"Harper Business","offers":[{"title":"Default Title","offer_id":48588063539429,"sku":"NP9780063484467","price":35.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780063484467.jpg?v=1773961568","url":"https:\/\/k12savings.com\/es\/products\/the-myth-of-the-rational-market-a-history-of-risk-reward-and-delusion-on-wall-street-isbn-9780063484467","provider":"K12savings","version":"1.0","type":"link"}