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    Justin Fox, Editorial Director of the Harvard Business...
    featured session posted April 1, 2011 by AAA HQ, last edited April 1, 2011 by Judy Cothern, tagged Home Page Announcement 
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    speakers:
    Justin Fox, Editorial Director of the Harvard Business Review Group
    title:
    The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
    session/date/time:
    Tuesday Plenary, August 9, 2011 ~ 8:30 am–9:45 am
    photo:
    bio:

    Justin Fox is editorial director of the Harvard Business Review Group and the author of The Myth of the Rational Market, which Paul Krugman called "a must-read for anyone who wants to understand the mess we're in." Subtitled "A History of Risk, Reward, and Delusion on Wall Street," Fox's book is a fascinating history of the flawed and dangerous theories that have come to dominate economic discourse in the last 50 years—most notably, the theory that markets are rational. More than one reviewer noted how it read like a thriller. A national bestseller, it was also named a New York Times Notable Book of 2009 and Amazon's Best Business Book of the Year.

    bio2:

    A nimble economics and finance journalist, Fox writes about complex problems with an extraordinary depth and breadth, as well as a plain-spoken and illuminating accessibility. He blogs at the Harvard Business Review Group Blog and contributes regularly to Time, for which he previously wrote a weekly column. He also started that magazine's influential Curious Capitalist blog, at Time.com. For more than 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.

    more:

    The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
    One of the many factors that led to the financial crisis was the widely held assumption that markets behave rationally. If markets are rational, how come they are prone to disasterous crashes? Why aren't markets able to react to forecasted problems before they happen, like rational entities should? Justin Fox takes square aim at the concept of market rationality and explains how this theory grew from academic theory to preeminent investor dogma. Fox combines business history, economics and politics into a narrative that is more like a Hollywood thriller than a University textbook, and shows audiences how the financial crisis was not a short term lapse, but a long term process. One of America's most trusted business journalists, Fox reveals market rationality for what it is: a hopeful myth.