How Markets Fail: The Logic of Economic Calamities

How Markets Fail: The Logic of Economic Calamities

Rating

7.0

The Pequod Review:

Written in the wake of the 2008 financial crisis, John Cassidy's How Markets Fail is a review the history of economic theory, and especially the modern versions of the efficient markets hypothesis. It's a solid book, but it's a bit too high-level and features generally well-known examples of market inefficiencies.