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mousieta's review against another edition
3.0
Interesting read. Hard to keep all the people straight, but over all pretty good.
monk888's review against another edition
5.0
If I were teaching a course on financial markets and Wall Street, this book would be first on the reading list.
inquiry_from_an_anti_library's review against another edition
informative
reflective
fast-paced
4.0
The book is very valuable to read. The explanation of how some theories help institutions and at other times hinder them is a helpful way to understand how not to be overly reliant on any specific set of ideas. The drawbacks of this book is the lack of consistency. The author's transitions from topic to topic are not very smooth to the point where it is difficult to grasp where one topic ends and another begins. There where many times in the book where the author gave very good descriptions of the theory behind a certain paper or person, but many times were the author wants to the readers to be credulous to theory without a proper explanation. In the 1st part of the book, it seems that some descriptions were of Bayesian Theory yet there was no mention of him. The best part about this book is to see the interconnections between various people who helped progress the field of economics. There are many insights in this book.
theangrylawngnome's review
4.0
Two brief comments, more for my own recollection than anything else:
(1) I do wish Fox had gotten a bit more into discussing the attempts by economists to try and make their discipline more of a "hard" science and less of a "social" science. It seems to me that that is ultimately what is behind the attempt to create an edifice like the EMH, as well as things like "homo economicus," the "rational expectations" theory and so forth. The discussion of Thomas Kuhn's book was fascinating but I do wish there was more of it.
(2) I wonder where I can go to get a refund of that part of my undergraduate tuition that was spent being forcefed the EMH in the mid-'80s? :) I was surprised to find out that the whole theory was under attack even then. Trust me, you'd never have known that in the classes I took.
I wish I felt comfortable saying more. But while I found the book intriguing, I've been away from so much of it for so long I'd doubtless commit many errors.
(1) I do wish Fox had gotten a bit more into discussing the attempts by economists to try and make their discipline more of a "hard" science and less of a "social" science. It seems to me that that is ultimately what is behind the attempt to create an edifice like the EMH, as well as things like "homo economicus," the "rational expectations" theory and so forth. The discussion of Thomas Kuhn's book was fascinating but I do wish there was more of it.
(2) I wonder where I can go to get a refund of that part of my undergraduate tuition that was spent being forcefed the EMH in the mid-'80s? :) I was surprised to find out that the whole theory was under attack even then. Trust me, you'd never have known that in the classes I took.
I wish I felt comfortable saying more. But while I found the book intriguing, I've been away from so much of it for so long I'd doubtless commit many errors.