Ten Things I Hate About the Efficient Markets Hypothesis
My Response to John Cochrane (Who Was Responding to Krugman)
Of Course Investors Can Beat the Market - Stefan Karlsson - Mises Daily
Economists Can Be Hilarious - Robert P. Murphy - Mises Daily
- Given our dismal reputation, I am happy to report that some economists' recent defenses of the efficient-markets hypothesis are laugh-out-loud funny. Watch EMH economists try to defend their theory from either refutation or triviality.
Bursting Eugene Fama’s Bubble - Robert P. Murphy - Mises Daily
- Fama seems to think he has just defused the critics of the EMH, but I don't see how. All Fama has demonstrated is that the people who bought overvalued assets didn't realize they were buying overvalued assets at the time. No kidding.
Following the Efficient-Markets Hypothesis into Absurdity - Robert P. Murphy - Mises Daily
- Most Austrians stop short of following Chicago School economists' advocacy of the "efficient-markets hypothesis" (EMH). In its most extreme form, the EMH becomes a caricature of itself in which asset bubbles are not just unlikely but logically impossible.
What is a Bubble?, Arnold Kling | EconLog | Library of Economics and Liberty
Why do prices keep changing - The Mises Community
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