Today Eugene Fama, Lars Peter Hansen and Robert Shiller share the 2013 The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
While I do not share some of their beliefs (Fama’s efficient market hypothesis based on rational expectations or Shiller’s irrational exuberance are a few examples), I can only but welcome the award of the prize to pro-free markets academics.
Congratulations!
Small Steps Toward A Much Better World
Finding patterns in finance, econ and technology -- probably where there are none
When financial markets spontaneously emerge through voluntary human action
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Commentary on monetary policy in the spirit of R. G. Hawtrey
When financial markets spontaneously emerge through voluntary human action
Volatility Is The Energy That Drives Returns
When financial markets spontaneously emerge through voluntary human action
When financial markets spontaneously emerge through voluntary human action
When financial markets spontaneously emerge through voluntary human action
When financial markets spontaneously emerge through voluntary human action
When financial markets spontaneously emerge through voluntary human action
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When financial markets spontaneously emerge through voluntary human action
When financial markets spontaneously emerge through voluntary human action
When financial markets spontaneously emerge through voluntary human action
When financial markets spontaneously emerge through voluntary human action
When financial markets spontaneously emerge through voluntary human action
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