The Myth of the Rational Market
A History of Risk, Reward, and Delusion on Wall Street
Justin Fox is the bestselling author of The Myth of the Rational Market—an economics book, paced like a thriller, that Paul Krugman calls “a must-read for anyone who wants to understand the mess we’re in.” On stage, Fox rebukes the dangerous theories that dominate economic thinking, bringing depth, breadth, and much-needed plain-speak to complex problems.
Justin Fox is editorial director of the Harvard Business Review Group. Subtitled “A History of Risk, Reward, and Delusion on Wall Street,” The Myth of the Rational Market is a fascinating history of the flawed and risky theories that have come to rule economic discourse in the last 50 years—most notably, the theory that markets are rational. A nimble economics and finance journalist, Fox writes about complicated issues with illuminating accessibility.
“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
A national bestseller, The Myth of the Rational Market was named a New York Times Notable Book of 2009 and Amazon's Best Business Book of the Year.
Fox blogs at the Harvard Business Review Group Blog and contributes regularly to Time, where he previously wrote a weekly column. He also started that magazine's influential Curious Capitalist blog, at Time.com. For over a decade before that, Fox was a writer and editor at Fortune, where he covered economics, finance, and international business. Fox is a regular commentator on the Nightly Business Report on PBS, and has appeared on NPR's Marketplace as well as The Daily Show With Jon Stewart.