On Oct 14, 2013, at 11:10 AM, Louis Proyect <[email protected]> wrote: > On 10/14/13 2:02 PM, robert mckee wrote: >> http://thenextrecession.wordpress.com/2013/10/14/the-noblest-fama-and-shiller/ > > I assume that Shiller's award is a sop to the left since he wrote > "Irrational Exuberance".
Shiller did a lot to undermine efficient market theory, which Fama once described as the best-established theory in the social sciences. Despite that, Shiller still luvs markets. The Nobel committee has a long "scientific" paper describing their work and the reason for the award which I have yet to read. Curious how they handle all this. Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
