The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street - Softcover

"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."--American Scientist

"Justin Fox is a truly insightful fellow who can see things with his own eyes--a rare, very rare attribute."--Nassim Nicholas Taleb, author of The Black Swan

"Impressively broad and richly researched."--Financial Times

"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."--Paul Krugman, New York Times Book Review

"A lucid, lively and learned account."--Barron's

"A fascinating historical narrative."--Roger Lowenstein, The Washington Post

"Good wonky fun."--Barry Ritholz, The Big Picture blog

"Fox makes business history thrilling."--St. Louis Post-Dispatch

"An intellectual tour-de-force..."--The Economist

"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."--Peter Bernstein, author of Against the Gods: The Remarkable Story of Risk

Examines the rise and fall of the efficient markets theory, the development of modern finance and the rise of behavioral economics, in an account that draws on interviews with top thinkers while demystifying the ideas that forged the modern market. Reprint. A best-selling book. 40,000 first printing.