Justin Fox Books
Justin Fox is an American financial journalist and commentator. He has served as editorial director of the Harvard Business Review Group and was previously a columnist for Time magazine and a writer for Fortune.
Known for: The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
Books by Justin Fox
The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
The book traces the rise and fall of the efficient market hypothesis, exploring how economists and investors came to believe that markets are rational and self-correcting. Justin Fox examines the intellectual history behind modern financial theory, from early thinkers like Irving Fisher and John Maynard Keynes to the Chicago School economists, and how their ideas shaped Wall Street practices leading up to the 2008 financial crisis.
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Early Economic Thought and the Origins of Market Rationality
In the early decades of the twentieth century, before formal financial theory took shape, pioneers like Irving Fisher and John Maynard Keynes wrestled with fundamental questions about rationality and speculation. Fisher, an optimist by temperament and intellect, believed that science could bring pre...
From The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
The Rise of Modern Financial Theory and Quantitative Thinking
After the Second World War, economics entered a new era of formalization. The rise of computing power and data-driven analysis allowed economists to quantify uncertainty in ways never before possible. Figures such as Harry Markowitz and William Sharpe developed the mathematical foundations of portfo...
From The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
About Justin Fox
Justin Fox is an American financial journalist and commentator. He has served as editorial director of the Harvard Business Review Group and was previously a columnist for Time magazine and a writer for Fortune. His work focuses on economics, finance, and the history of financial thought.
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Justin Fox is an American financial journalist and commentator. He has served as editorial director of the Harvard Business Review Group and was previously a columnist for Time magazine and a writer for Fortune.
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