“Do we really need yet another book about the financial crisis? Yes, we do—because this one is different….A must-read for anyone who wants to understand the mess we’re in.” —Paul Krugman, New York Times Book Review
“Fox makes business history thrilling.” —St. Louis Post-Dispatch
A lively history of ideas, The Myth of the Rational Market by former Time Magazine economics columnist Justin Fox, describes with insight and wit the rise and fall of the world’s most influential investing idea: the efficient markets theory. Both a New York Times bestseller and Notable Book of the Year—longlisted for the Financial Times Business Book of the Year Award and named one of Library Journal Best Business Books of the Year—The Myth of the Rational Market carries readers from the earliest days of Wall Street to the current financial crisis, debunking the long-held myth that the stock market is always right in the process while intelligently exploring the replacement theory of behavioral economics.

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

Fox, Justin

Reference

Harper Business

The financial crisis of 2008 and subsequent Great Recession demolished many cherished beliefsmost significantly, the theory that financial markets always get things right. Justin Fox's The Myth of the Rational Market explains where that idea came from, and where it went wrong. As much an intellectual whodunit as a cultural history of the perils and possibilities of risk, it also brings to life the people and ideas that forged modern finance and investingfrom the formative days of Wall Street through the Great Depression and into the financial calamities of today. It's a tale featuring professors who made and lost fortunes, battled fiercely over ideas, beat the house at blackjack, wrote bestselling books, and played major roles on the world stage. It's also a story of free-market capitalism's war with itself.

From Paul Theroux and Peter Moore to Jonny Steinberg, JM Coetzee, Jonathan Kaplan, Nelson Mandela, Mamphela Ramphele, Tom Eaton, Breyten Breytenbach, Pieter-Dirk Uys and Gabeba Baderoon: Discover Cape Town with top contemporary authors – both well-loved locals and international travel writers. Selected and with an introduction by Justin Fox. Read how … · JM Coetzee fails to get into a good school · Nelson Mandela misplaces his spectacles on the Grand Parade · Jonathan Kaplan faces arrest at St. George’s Cathedral · Paul Theroux meets a fellow pessimist at Cape Point · Jonny Steinberg is revolted by prison food · Joseph Lelyveld joins Crossroads residents singing hymns · Richard Rive walks with ghosts in District Six · Rian Malan haggles for snoek in Kalk Bay · Pieter-Dirk Uys attends a fake wedding on Greenmarket Square · Edwin Cameron climbs Table Mountain with the help of antiretrovirals · Judy Kibinge parties in Long Street plus many more...

Cape Town Calling: From Mandela to Theroux on the Mother City

Literature & Fiction

Literary

NB Publishers

impossible five

Tafelberg Publishers Ltd

Chronicling the rise and fall of the efficient market theory and the century-long making of the modern financial industry, Justin Fox's "The Myth of the Rational Market" is as much an intellectual whodunit as a cultural history of the perils and possibilities of risk. The book brings to life the people and ideas that forged modern finance and investing, from the formative days of Wall Street through the Great Depression and into the financial calamity of today. It's a tale that features professors who made and lost fortunes, battled fiercely over ideas, beat the house in blackjack, wrote bestselling books, and played major roles on the world stage. It's also a tale of Wall Street's evolution, the power of the market to generate wealth and wreak havoc, and free market capitalism's war with itself.  The efficient market hypothesis - long part of academic folklore but codified in the 1960s at the University of Chicago - has evolved into a powerful myth. It has been the maker and loser of fortunes, the driver of trillions of dollars, the inspiration for index funds and vast new derivatives markets, and the guidepost for thousands of careers. The theory holds that the market is always right, and that the decisions of millions of rational investors, all acting on information to outsmart one another, always provide the best judge of a stock's value. That myth is crumbling.  Celebrated journalist and columnist Fox introduces a new wave of economists and scholars who no longer teach that investors are rational or that the markets are always right. Many of them now agree with Yale professor Robert Shiller that the efficient markets theory "represents one of the most remarkable errors in the history of economic thought." Today the theory has given way to counterintuitive hypotheses about human behavior, psychological models of decision making, and the irrationality of the markets. Investors overreact, underreact, and make irrational decisions based on imperfect data. In his landmark treatment of the history of the world's markets, Fox uncovers the new ideas that may come to drive the market in the century ahead.

Business & Money

Economics

Harriman House

The first in a thrillingly authentic WW2 naval adventure series! For fans of Dewey Lambdin, Patrick O’Brian, Chris Durbin, Douglas Reeman and Max Hennessy.\nA fight to the death in foreign seas… 1940Scarred – physically and emotionally – by the brutal warfare at Dunkirk, Jack Pembroke decides to leave his home in England to join his father, Admiral Pembroke, in the South African Cape.\nA fledgling naval force is preparing to fight the coming onslaught of German raiders, and Jack is soon thrust back into action when he is appointed commander of a minesweeping flotilla.\nUnknown to Jack, a Nazi commerce raider has left Germany for the Cape intending to wreak havoc on Allied shipping.\nAnd it’s heading straight for him…\nUnder Jack’s command are an eclectic bunch of men who are unsure of their foreign captain. But he must unite them into a powerful fighting unit if he has any chance of defeating the dangerous enemy.\nCan Jack overcome his demons and lead his men to victory?\nOr will his first battle off the South African coast be his last…?\nTHE CAPE RAIDER is the first action-packed military adventure in the Jack Pembroke Naval Thriller series: authentic British Navy war stories set during the Second World War.\nTHE JACK PEMBROKE NAVAL THRILLER SERIES: 
Book One: The Cape Raider 
Book Two: The Wolf Hunt

The Cape Raider: An authentic WW2 military adventure story (Jack Pembroke Naval Thrillers)

Genre Fiction

Sapere Books

The Wolf Hunt: U-Boat warfare in South African waters (Jack Pembroke Naval Thrillers)

Shipped from UK, please allow 10 to 21 business days for arrival. Very Good, 6.3"x9.1"x1.4"; 1.7 lb; 400 pages. Chronicling the rise and fall of the efficient market theory and the century-long making of the modern financial industry, Justin Fox's "The Myth of the Rational Market" is as much an intellectual whodunit as a cultural history of the perils and possibilities of risk. The book brings to life the people and ideas that forged modern finance and investing, from the formative days of Wall Street through the Great Depression and into the financial calamity of today. It's a tale that features professors who made and lost fortunes, battled fiercely over ideas, beat the house in blackjack, wrote bestselling books, and played major roles on the world stage. It's also a tale of Wall Street's evolution, the power of the market to generate wealth and wreak havoc, and free market capitalism's war with itself. The efficient market hypothesis - long part of academic folklore but codified in the 1960s at the University of Chicago - has evolved into a powerful myth. It has been the maker and loser of fortunes, the driver of trillions of dollars, the inspiration for index funds and vast new derivatives markets, and the guidepost for thousands of careers. The theory holds that the market is always right, and that the decisions of millions of rational investors, all acting on information to outsmart one another, always provide the best judge of a stock's value. That myth is crumbling. Celebrated journalist and columnist Fox introduces a new wave of economists and scholars who no longer teach that investors are rational or that the markets are always right. Many of them now agree with Yale professor Robert Shiller that the efficient markets theory 'represents one of the most remarkable errors in the history of economic thought'. Today the theory has given way to counterintuitive hypotheses about human behavior, psychological models of decision making, and the irrationality of

Visiting Africa's game reserves is often all about spotting "The Big Five" – the five most dangerous animals on the continent – the Lion, the Leopard, the Elephant, the Rhino and the Buffalo. But what about those animals you have almost zero chance of seeing?Justin Fox drew up a list of the most elusive animals and set off to find "The Impossible Five" – the Cape Mountain Leopard, the Aardvark, the Pangolin, the Riverine Rabbit, and the Naturally Occurring White Lion. In a humorous, original, off-beat adventure story, Fox travels around Africa in search of these forgotten animals, meeting some very weird characters and other absurd mammals along the way.

The Impossible Five: In Search of South Africa's Most Elusive Mammals

Biographies & Memoirs

Historical

Jacaranda Books

A captain who continued to live on the wreck of the Kakapo for three years, Table Mountain’s most exclusive hiking, a restaurant in a maximum security prison, the arboreal evidence of apartheid’s earliest manifestation, a woman disguised as a man for 56 years in order to be a doctor, a beach on top of Table Mountain, a fascinating secret collections of vintage and classic cars, a magical tree renowned for its spiritual healing properties, a heated pool on a military base that’s open to the public, a secret night-time nature tour, a hamster wheel for humans … Far from the crowds and the usual clichés, Cape Town is still a reserve of well-concealed treasures that only reveal themselves to those who know how to wander off the beaten track, whether residents or visitors. An indispensable guide for those who thought they knew Cape Town well, or who would like to discover the hidden face of the city.

Secret Cape Town ('Secret' guides)

Travel

Westwood, Alison

Africa

Jonglez Publishing

See the best price to sell, buy, or rent books by Fox, Justin. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Fox, Justin

See the best price to sell, buy, or rent books by Fox, Justin. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

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

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

Cape Town Calling: From Mandela to Theroux on the Mother City

impossible five

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

The Cape Raider: An authentic WW2 military adventure story (Jack Pembroke Naval Thrillers)

The Wolf Hunt: U-Boat warfare in South African waters (Jack Pembroke Naval Thrillers)

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

The Impossible Five: In Search of South Africa's Most Elusive Mammals

Secret Cape Town ('Secret' guides)