Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State

by RomanFrydman (Author), Michael D . Goldberg (Author)

• New

  Hardcover
  2011

  $34.38

  In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. This title shows how the failure to abandon this assumption hinders our understanding of how markets work, why price swings help allocate capital to worthy companies.